Replies to post #442706 on Fannie Mae-No Politics (FNMA)

[TheDon3]

If you buy a 40,000 car and finance it for 48 or 60 months....but suddenly the dealer changes the terms of the contract unilaterally and takes all your income plus interest and then you're broke and have no money.....and the mortgager says but it was 40K plus 10 percent interest and you technically owed us?

See where I'm going with that. :)

The NWS was illegal and the money stolen should be returned. The original contract can start again after the money returned so that it can be properly paid off in the original manner agreed to.

[Steelhead9]

Initial term of bailout was 10% dividend... you can't just wish that away...

But it is my understanding that Mnuchin CAN "wish" it from 10% to 5% or 6% with the stroke of a pen ... in about 8 days.