Fannie Mae-No Politics (FNMA)

[mike_usa]

jennifer barber on July 4, 2014 at 8:56 pm on
http://timhoward717.com/2014/07/03/progressing-at-warp-speed/#comments


Just want to extend a heartfelt thank you for all your hard work in creating this blog! I am a Los Angeles Unified middle school teacher that invested my retirement in fnma in 2011 because I had decided to use the equity in my home to purchase rental properties after the housing bubble burst. I invested in fnma because it became unbelievably difficult to acquire loans for rental properties even with perfect credit, solid jobs and 30% down payments. As a result, I realized that if all new loans were underwritten with the same strenuous guidelines, fnma was now holding excellent loans and it was only a matter of time before they were solvent again. I never figured systemic corruption into the equation to invest. Thank you for fighting this battle and keeping everyone informed!