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Phase 2 of the Real Bailoutâ„¢ is here
invite response
2008 Feb 27, 2:33am 26,585 views 273 comments
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273
yodaking
2008 Mar 4, 5:36pm
(sorry; I posted this question in other threads)
Hi, I was hoping somebody here could point me to a good free foreclosure listings site? (if it even exists) All the ones I see, you have to pay to access full listings.
Much appreciated in advance.
Cheers
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Fannie Mae, Freddie Mac Portfolio Caps Will Be Lifted (Update2)
Phase 1 : Congress raised the GSE (Fannie and Freddie) conforming loan limit from $417,000 to $729,000.
Phase 2 : Congress instructs the OFHEO to lift portfolio caps on the GSEs (which were placed there because of GSE "accounting irregularities" and concerns about the GSE's size/share of market).
Next up...
Phase 3 : Eliminating all qualifying “standards†on the type of mortagages the GSEs can buy: allowing no-docs/NINJAs, neg-ams, I/Os, option ARMs and assorted hybrids.
Phase 4 : Congress making implicit GSE guarantees explicit, and taxpayers assuming/liquidating the portfolios of the soon-to-be bankrupt GSEs (RTC, part II)
Can’t happen, you say? Never say “never†where a bought-off "Socialize all losses" Con-gress and whining, clueless, bleating "why me?" sheeple are concerned.
HARM