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navycmdr

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navycmdr

Re: 10bambam post# 448972

Saturday, 02/10/2018 12:54:04 PM

Saturday, February 10, 2018 12:54:04 PM

Post# of 865208
This Idiot doesn't even know ..
the GSEs DON'T WRITE MORTGAGES ..

As Fannie Mae and Freddie Mac had written most of those mortgages, their own financial resources came to an end. This was compounded because of the hundreds of thousands of homes hitting the market all over America. The homes being foreclosed could not be sold, leading to even greater falls in house price values - even more unemployment.
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