Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax Liens & Mortgage Notes
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 9 years ago on . Most recent reply

User Stats

265
Posts
27
Votes
Chet Mazur
  • Flipper
  • Cupertino, CA
27
Votes |
265
Posts

did you know Fannie Mae's auctioning 1.527 B of NPNs

Chet Mazur
  • Flipper
  • Cupertino, CA
Posted

FNMA  is conducting a auction this and in the next couple weeks for NPNs. I am writing my representative indicated that small businesses and other disadvantaged businesses were not included in this or previous sales.

I don't know if a web survey (to automate the process) can be used for this purpose, but I would like to write a group letter to congress that we can be heard en masse. (hmmm... BP  just passed 500K was it)?

It ticks me off that this continues to happen. I wrote a similar letter to the Treasury Dept. when the "toxic assets" where to be auction thru the TARP platform w/o inclusion of small and disadvantaged businesses.

If you agree,  let's see if we can do this.

Most Popular Reply

User Stats

1,723
Posts
1,451
Votes
Bob Malecki#5 Tax Liens & Mortgage Notes Contributor
  • Investor
  • Kingston, WA
1,451
Votes |
1,723
Posts
Bob Malecki#5 Tax Liens & Mortgage Notes Contributor
  • Investor
  • Kingston, WA
Replied

Its a compliance issue, also the pools are in the tens of millions and so most small and disadvantaged businesses don't have that level of capital to participate. 

Loading replies...