FNMA & FMMC are making billions, FFFC tweeted they have the potential to make 1% for each of some 6000 applications averaging $150K in May, that # is now revised upward in June to FFFC having the potential to make 1% of each some 12,000 applications averaging $260,000. FNMA has put $59Bil in the US Treasurey, enough that it has push back the US reaching its debt ceiling. Thats what one company, FNMA, has done.
I'm new at this but comparing a company (FFFC) that's just born to a company with decades-long track record (FNMA), with issues to overcome like any other, is very should I say, 'forward looking'. Correct me if I'm wrong, doesnt FNMA offer direct mortgages as well as getting mortgages bundled from other companies, making that atleast two sources of revenue while backing the US housing industry. One Billion tells me i'm my formula is working, the ability to pay $59Bil andkeep a few billions in FNMA tells me keep on tracking.
We all want to see this rise and do well so lets give the novice like myself a fair and balance portrait info through this medium. We all use it to get ideas to go and do our own DD. So when they poster brought up the Chairman past record why did many chastise him then, when another poster volunteer to go by the company in Florida to see if its real many were glad, hell they couldn't wait for they guy to return from the Southwest Asia to visit the place to verify that its was legitimate. I'm just saying. Thanks for all the knowledge i gain from here.