Yesterday, the Treasury Department put out a White Paper outlining, three different scenario's for reducing Fannie and Freddie's exposure to the mortgage market. I only see one that has any possibility of being implemented. Any of the three, however, will have a major impact on the Housing market. Seller Financing/private money will become the norm in the future.
Mathews Realty Group
Real Estate Investment Services
Self Direct IRA/Solo 401K plan Specialists
Fannie & Freddie Destined for the Guillotine - Private Money & Owner Financing Expected to Increase
Even if they weren’t on the chopping block, according to Fannie Mae’s memo to lenders in late December, the government-controlled GSE will impose higher add-on fees in 2011. So, even if interest rates stayed artificially low, loans will still cost thousands more in some cases – even if the borrower boasts high credit scores and a substantial down payment.
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