Replies to post #211008 on Fannie Mae-No Politics (FNMA)

[rocco2]

melly4 you make a good point,

The elimination Of FnF will have many affect.

The one that stands out to me is the ability to prepay a res. mortgage

If our system goes to a 100% private label MBS, we can kiss that good bye first. then over time, we will see the 30 year go wayside.

the proliferation of short term balloon loans will become the norm

in essence, we will be back to mortgage lending of the 1920's

is history about to repeat?


$ FNMA $