Comments on: FHFA Statement on Freddie Mac “Refinance” Story RE Betting Against American Homeowners https://4closurefraud.org/2012/01/31/fhfa-statement-on-freddie-mac-refinance-story-re-betting-against-american-homeowners/ - Fighting Foreclosure Fraud BY SHARING THE KNOWLEDGE Wed, 01 Feb 2012 17:42:19 +0000 hourly 1 https://wordpress.org/?v=7.0.7 By: Kenneth Pettingill https://4closurefraud.org/2012/01/31/fhfa-statement-on-freddie-mac-refinance-story-re-betting-against-american-homeowners/#comment-314563 Wed, 01 Feb 2012 17:42:19 +0000 https://4closurefraud.org/?p=41340#comment-314563 It’s a shame. The bottom line might be that it’s time to restrict the investment community from betting on the homes of everyday Americans. Over 16000 homes are leveraged. If mine was one of those mortgages, I’d be marching to Washington to lament my disgust, that a taxpayer funded enterprise can on one hand, say it’s trying to refinance troubled borrowers, while increasing the criteria (October 2011) for refinancing to a lower rate. The fact is the portfolio of high interest loans makes money and with Freddie already having sold off the principal to privatized investors (FHFA statement dated 1/31/2012) their risk is derived from how the investment performs. By tightening credit requirements for refinancing Freddie ensured the continuance of the pool and the associated income stream hedging its losses on portfolios that fail to perform

]]> By: lvent https://4closurefraud.org/2012/01/31/fhfa-statement-on-freddie-mac-refinance-story-re-betting-against-american-homeowners/#comment-313405 Tue, 31 Jan 2012 23:19:41 +0000 https://4closurefraud.org/?p=41340#comment-313405 In reply to Bill McAuliffe.

Sounds like Austin Powers….that fat bastard left a floater! That is exactly what the fat cat bastard WORLD BANK/IMF/FEDERAL RESERVE/ WALL STREET DEBT CARTEL LEFT US….A BIG FAT DEBT BOMB FLOATER…..!

]]> By: Bill McAuliffe https://4closurefraud.org/2012/01/31/fhfa-statement-on-freddie-mac-refinance-story-re-betting-against-american-homeowners/#comment-313401 Tue, 31 Jan 2012 23:12:52 +0000 https://4closurefraud.org/?p=41340#comment-313401 Oh the semantics. “Inverse Floater”; Sounds like a “Sinker” to me.

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