Forgotten Your Password?

Need to Register?

Question Icon

Hey whats with the fanniemae going private??

by achen111 from , California. Feb 19th 2019 Reply


Ralph Richard Guertin (ralph@absolutelowrates.com)
#136 ranked lender in Florida - 792 contributions

Fannie Mae has been private and 10 years ago was seized by the government and the proposal is to release them back to private, so shareholders can reap the benefits instead of the government without upsetting the real estate market.

Feb 20th 2019
1
0
William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,654 contributions

Fannie Mae was a private insurance company that had been around since 1938, but because of the mortgage crisis in 2008, the federal government took them over... When they did that, they added a "G-Fee".. basically, additional profit that went directly to the federal government.. Since all the funds that the federal government gave to Fannie Mae to bail them out has been repaid, (years ago actually) it's now time to release them from the government's grips.. Once that happens, expect interest rates to drop on conventional about 1/2% to 3/4%.. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / LendUS, NMLS 1938/ AZMB0121893

Feb 20th 2019
1
0
Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 3,895 contributions

This will likely never ever happen. Fannie Mae and Freddie Mac have become gigantic cash cows to the U.S. Treasury with their criminal "G-Fees." Once politicians have our money, they will never give it up.

Feb 25th 2019
0
0
Subscribe to our news feed.