Fannie Mae Freddie Mac to Sell Foreclosed Homes in Bulk to Hedge Funds

Word on the street is you have to have a net worth of $10,000,000 just to get in the game…

You can read more about that here…


5 Responses to “Fannie Mae Freddie Mac to Sell Foreclosed Homes in Bulk to Hedge Funds”
  1. bewisetoday says:

    The only way to combat this evil is to shine a light on it. Complain, complain, complain in writing and don’t stop until we (collectviely we the people) get results. Complain to the Consumer Financial Protection Agency, complain to your local State Atty General’s office, require WRITTEN CORRESPONDENCE with your mortgaging servicing agent. Do not negotiate over the phone. Document every phone call, every door hanger, every abuse.
    If you do talk to them over the phone, have a mediator, or govenment agency listening to the phone call. Record any phone conversations, but be sure you let them know you are recording the call.

    • Yes If you do nothing the banks win, Big waves of public outcry scare the bad politicians and enable the good politicians to help us. Slience will let them rule and the squeeky wheel gets attention especially in masses!

  2. Freddie and Fannie are selling propertis they dont own. People purchasing them are purchasing solen houses.

  3. jaclyn says:

    YES MARK..My level of disgust also has reached a new level. Yes, they are continuing to treat homes like “stock” to trade any way they can to make a profit….

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