Fannie going bye bye??

[Will Barnard]

The rumor on the block is that Fannie Mae could be no more in the near future.

My question to all BP Members is: IF this happens, what would it mean to us investors and how would it affect our business, be it buy and hold or for us flippers. Please support your answers/opinions.

Second question: Do you believe this will come to fruition?

Thanks for your time.

- Will Barnard

[Loc R.]

I personally think it's a good thing for us taxpayers.

There will be a lot of low-income group advocates that will make a stink about it, but in essence the free/private market will run its course.

If it does actually happen, I see a lot of private seller carry deals going on.

The higher priced stuff will take a hit, as less people will qualify under these newer (30% down, anyone?) standards. Of course all-cash buyers can & will do what they want.

As to whether it will happen, I personally hope so (of course after I get my share of cheap 30-year loans in place).