Fannie Mae will be Broke by 2018

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It looks as though Fannie Mae will need another infusion of money from the Treasury by 2018.  This of course wouldn’t be the case if they were allowed to keep some of the billions they’re making.



  • Like Frank Ruziska, I have had no luck finding a standalone HELOC source for a mortgage broker; I know Kinecta CU in CA has a piggy for purchases and R & T refi and TCF I think is the same, but they only seems to approve the larger broker/direct lender; no standalone HELOC like we had years back with Citi

    Dennis February 25, 2016 7:41 am Reply
  • I tried to explain to my girlfriend the situation with Fannie Mae, and the outright theft of all of their profits by the government. Explaining that they had already paid back the entire amount, yet the government unilaterally changed the agreement and now steals all of the profits. She was shocked, in disbelief, refused to believe me… my response, “welcome to the real world.”

    Sean D February 25, 2016 11:09 am Reply

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