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On 1/19 you posted that it would be $1.50 by 1/23. So NO! Your not any good at this.
On 1/19 you said it would be $1.50 by 1/23. Still waiting..........................
No response to your post/question and you insult him!! Who knows when courts will respond. Back to your MJ boards. Go FnF
Your welcome. I think I'm going to start writing my officials every week. I've written all members of the senate banking committee too.... Stay tuned. Go FnF !!
This time I've written to Mel Watt, Jack Lew, and Mr. Obama. Since DeMarco and Geithner got us into the sweep I figure Watt and Lew can get us out. Call it "holly logic"
This is reality on the housing crisis from what I've seen around me everyday.
I have owned several homes, I bought a home in 1986, I had the same job for 6 years, I had my income, employment, bank records and tax records all confirmed before I qualified for the mortgage. In 1993 I bought a home, now I had the same job for 13 years, again my income, employment, bank and tax records all verified. Again it's 1998, now I've had the same job for 18 years, same process though, bank records, tax returns, income, employment and now credit score. Let's fast forward to June 2005, I need a home equity line of credit and call my mortgage company Citibank. Imagine my astonishment when they appraise my home over the phone and offer me $400,000!!! I needed $75,000 and that's what I borrowed. Had I done what so many others in my neighborhood had done, taken the money and bought toys, cars, clothes, ETC ETC I now would not have my home today, most of these people don't. The crisis was not caused by Fannie Mae and Freddie Mac but by greedy banks willing to give a loan to anyone who had a pulse. It is unconstitutional to confiscate private property (Fannie & Freddie) This is a publicly traded company and needs be be released from conservatorship now. Without them the American Dream of home ownership will cease to exist, no bank will ever carry a mortgage for 30 years .
True that.
Merry Christmas to all IHUB fnma folks and God bless.
Zargis LMAO!
I finally got around to writing Rep Ed Royce
Dear Mr Royce,
I'm writing regarding your recent statement.
"Contrary to what Fannie and Freddie apologists claim, the GSEs have yet to repay any of the taxpayer-funded bailout funds they received, which makes today's announcement by the FHFA outrageous. Money coming in from the GSEs should go to the taxpayers instead of a slush fund for ideological housing groups to play around with.”
You are clearly mistaken. The fact is that Fannie Mae and Freddie Mac have repaid $225.5 billion of the $187.5 billion they borrowed. However because of an amendment to the original bailout terms they remain in a perpetual state of conservatorship with billions of dollars going to the US Treasury on a quarterly basis.
And what exactly does the US Treasury do with all that money? As a taxpayer I'd like to know. Seems the folks in congress are far more interested in addressing NFL football names than figuring out any meaningful solutions to the problems really plaguing our nation like housing reform and immigration.
Before you speak on a subject have one of your interns research it and brief you on it, or better yet research it yourself.
Principle reduction is not fair period!! You bought high oh well ride it out and live with your mistake. Why on earth should anyone bail anyone else out cause they bought too high? Time for people to take responsibility for their decisions. I'm not handicapped and I'm not stupid if it's wrong in my life it's 99% my fault.
Yep the dems are not giving the cash cow to the reps. Obama and the dems will take credit for being masters of the universe and solving the housing crisis. And yes vote for me in 2016. They're burning daylight though they need to pick up the pace. All IMO. Go Fannie!!
My thought exactly. No way!
I agree I'm not underwater because I didn't use my overinflated home equity as an ATM machine I know lots of people who did though. So they get a principle reduction get to keep the house, car, toys and vacation. Yep same as stealing from the responsible ones.
Thanks cmdr. We shall know the truth and the truth will set us free.
Loving it!!
Hey along. Sucks to be you!
Will you need a knife and fork with your crow when you eat it?
Really good stuff!
Amen brother.
Go FnF
I live in Southern California. I feel your pain!!
I can't believe this guy is selling books instead of sitting in prison. What a crook I'm sure he'd rip off his own mother
I said this yesterday but it brings me joy to think his mortgage company thinks he'll be in prison after he testifies in the AIG trial. .
Reality check! The judge was brought out of retirement and ditched the case quick to go back to retirement. And no doubt you and the author are smoking the same stuff.
I had my appraisal low balled. Because they couldn't refuse me because of my credit score.
Maybe his mortgage company thinks he'll be in prison after he testifies in the AIG trial
Go Fannie.
You doubt they are vital to the USA? Short it then. Let's see how that goes for you.
Go FnF.
I agree and added today at $1.50 also. This stinks of conspiracy......
Yes they will. But many Americans are too busy voting for american idol and dancing with the stars to even know there's an election.
Best of luck to you!
Go Fannie!
OTC. Wild Wild West.
A decision by one judge that I hear was brought out of retirement for an over abundance of case load. I'm guessing he ruled quickly to go back to retirement. As now I hear he has retired again. Got my hip waders on!
I agree wholeheartedly
Zargis. Your after my heart. I try not to consider conspiracy theories but I gotta agree with a "staged dump". And I also never do stop losses. GLTU
The big top is pitched and the shows started grab a seat you won't want to miss a moment of this.
Thanks. Good eatin. Go Fannie!
That's a good one.
Go Fannie!
Awesome!
All three of them belong in prison!
OK The US mail just came and in it was a letter from the Wynn in Las Vegas offering me a getaway. I'm taking that as a sign that we will all be toasting there soon!
GO FANNIE!!
Along. The stupidity of your post astonishes me. If the GSE's were to shut down it would make the last financial crisis look SMALL. That's not "news worthy"?