Big Changes at Fannie Mae and Freddie Mac - What, you don't know who they are? WOW!

[Ken M.]

They determine if you can buy a house. It's 10:00, do you know where your fat bureaucrats are? Oh, dining on your dime. Times they are achangin'.

Fannie Mae and Freddie Mac and FHA and VA handle the vast majority of mortgages. If mortgages are expensive or a problem, it is their direct fault. Get to know who is keeping you from buying properties profitably, It's your local bureaucrats

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“Changes to the ownership of Fannie Mae and Freddie Mac would be a monumental undertaking that would affect our entire housing system and touch the lives of homeowners and renters across the country,” the Senators wrote. “If mismanaged, ending the conservatorships and Treasury’s role with Fannie Mae and Freddie Mac could make mortgages more expensive, cut off access to mortgage credit, destroy many of the important reforms made over the past 16 years, and compromise our entire housing market and the broader U.S. economy.” 

(According to the overpaid bureaucrats keeping the market under their thumb who are about as necessary as a screen door on a submarine.

“Changes to the ownership of Fannie Mae and Freddie Mac would be a monumental undertaking that would affect our entire housing system and touch the lives of homeowners and renters across the country,” the Senators wrote."