FANNIE MAE and FREDDIE MAC UNDER CONSERVATIVESHIP! (377 hits)
Mortgage industry investment giants Fannie Mae and Freddie Mac have been placed under government control! Do you have any idea what this means? Both investors have lost so much money due to the current mortgage crisis and filing bankruptcy or further loss of funds, could potentially crash real estate banking as we know it. Here’s the situation: When you or I apply, and are approved a mortgage loan with a bank, broker or mortgage company, two things generally happen after the closing: 1) the loan is serviced in-house by employees of the lender, which is costly and a poor business decision or 2) the loan is sold to outside investors who use the funds to hedge, invest in stock and mutual funds, to earn profits on the secondary market. However, since the rise of foreclosures due to adjustable rate mortgages and relaxed nonconforming loan requirements, Fannie Mae and Freddie Mac are stuck with bad notes that are no longer being funded.
So by now, I know you are wondering how Fannie and Freddie being in the red affect me. Well let me tell you! If you have non-traditional income, (income that cannot be easily proven-waitress, hair stylist, taxi driver), are a small business owner showing a loss, owe or pay child support, if you have a side hustle that is used to supplement your current W2 income, if you have imperfect credit, or gaps in employment, or you are afraid of the current state of the economy, this effects you BIG TIME! Traditional lenders are not going to touch you in this market unless you are highly qualified! If you are lucky enough to find financing, it is going to cost you dearly! Now, here is where I come in. Annetta Powell, Queen of Real Estate to the Rescue!
There is no reason you should not be registered for my upcoming FREE Training Seminar September 24th and 25th. I am going to show you how to buy properties way below market value, without using your own money or credit, fix them, and sell at a five figure profit! If flipping isn’t your forte, I’ll show you how to become a successful landlord! Listen closely. If the two largest mortgage investors are in trouble and need the government to step in and manage their finances, we must be in a position to take control of our own financial future! If you do not want the government imposing high interest rates and penalties on you because of previous mistakes or your current economical circumstances, you cannot afford to miss my FREE Training Seminars. What are you waiting for?
