Upcoming Foreclosures

Fannie Mae Housing Loans?

Today President Bush signed the mortgage relief bill, in order to head off 400,000 people who are having trouble making their mortgage payments and facing foreclosure The bill allows for trading their loans for new, more affordable mortgages through the Federal Housing Administration and temporary financial lifeline to troubled mortgage companies Fannie Mae and Freddie Mac. With the number mentioned, one would think troubled home owner's are going to be all over Fannie Mae and Freddie Mac like white on rice. Will the program cause these two agencies stock to rise? If the government is doing this somebody is going to make money off the program. Who? I'd like to take hold of that shooting star and make a little money. Suggestions?

Public Comments

1. I'm kind of a novice on this myself, but there's no question that Fannie and Freddie got a sweetheart of a deal. The government also has the potential to make a LOAD of money off this deal. Maybe take a look at how Fan and Fred do in the next week, then dip a little in that pool if it's warm enough.
2. It was a stupid bill that shouldn't have been written, or passed, or signed. It will probably bankrupt Fannie and Freddie. Do they really need to make loans to people who have already proven they cant repay? People bought home that were too expensive during the housing boom, and got stupid mortgages that shouldn't have been given. We live in a capitalist society we are not socialists, I despise my tax dollars being spent in a bill like this, it is dumber that a national gas tax holiday, and should have be vetoed. Stay away from freddie and fannie.