No Bailout for Fannie and Freddie

We are ALL tired of Corporate Bail Outs. The mortgage industry has being plummeting down a slippery slope for many, many years and Realtors have been helping. Mortgage Brokers push consumers into loans that they cannot afford - oh well the Mortgage Broker Still Gets paid. And when the consumers go bankrupt year after year it leads to Billion Dollar Giants like Fannie and Freddie to Collapse.

When Mortgage Brokers Write in Sellers Contributions - then adds it to the Purchase Price and adds on personal property and even large down payments it creates a false market. This SOLD data goes into YOUR MLS - Realtor Database - where appraisers and Realtors use the Data to "value" the next home up for sale. This keeps creating larger and larger "values" and larger and larger loans - collapse is / was inevitable. Mortgage Brokers and Realtors Lie - the Realtors Ender False Sold Data ON Purpose and On Accident and when you bring it to their attention they Will Not Change it...

The MLS just wants to "Go about their Business" they NEVER check the Realtor's File to see if the SOLD price is Right, appraiser use this... Appraises Value the property at "what it NEEDS to come in at" to make all parties happy and get the paycheck. Real Estate Broker Owners Can Be appraisers - More to Contribute to a collapsing housing marketing - false data. And mortgage brokers and appraisers work together to continue to let the housing marketing falsly climb.

Lenders seem to encourage things like "Sellers Contributions" which actually is a LIE in the MLS data, because the Home - the Real Estate Did not Really Sell for that price - it just Looks like it did. Lenders wanted it to "Make the Sale Go" everybody WINS in the moment but the market continued to FALSELY inflate and became out of reach for the available jobs and now that Fannie and Freddie are in trouble because they encouraged and contributed to pushing loans, creating false data, and their "people - lenders - mortgage brokers" got Filthy RICH along they way NOW THEY WANT a Government Bail out because of all of the FAILED LOANS in which they should NOT have Give Out in the First Place.

No Bail OUT for Fannie Mae and Freddie Mac.

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Crystal Cox
Broker Owner