Replies to post #600089 on Fannie Mae-No Politics (FNMA)

[trunkmonk]

All news is good for us, all news drives stock down because morons like Calabria see it and do nothing but road trips to make himself lol good. Every decision he needs to make needs no one but himself. Oh yeah forgot about no windfall for 10 plus years of injustice while everyone who is in debt gets bailed out. I think I’m beginning to hate this country for its hypocrisy. It has to chance, it has to right?

[amelia43]

I tend to think the opposite as I have witnessed the abuse of the system first hand back in 2008.

Around 2009 there was some type of loan modification program. Two ladies in my office, gainfully employed suddenly stopped paying their monthly mortgage payment on purpose. They said they qualify for the loan modification hence if they didn’t make payments for three months then they can refi and have part of the loan be forgiven. During the mean time they partied up with the money they didn’t pay on their mortgage. Sure enough months later they both got a better rate and 1/3 of their loan forgiven.

This whole coronavirus will create give opportunity to fraud, cheat, and more socialism.