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  • What Happens if Freddie Mac Becomes Insolvent? [View article]
    But those of us that are in homes we plan to live in for 20 yrs or more don't really care if our house price is "pressured." In the long run, it is still a very-well levered investment with nice Tax benefits.

    If most people like me have mortgages like me, we will be fine. I bought in 02 and locked in 5.5 in 03 for 30 yrs.

    I'll make my payments, as will most people. It is the speculators that will get burned. The real home owners will either make their payments or eventually something will be setup to allow them to refi.

    It is bad, Fannie and Freddie are definitely poor investments at this point and maybe that approach does get overhauled (but dont count on it). But, it isn't nearly the end of the world as people want us to think.
    Nov 27 20:20 pm |Rating: 0 0
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