Fannie Mae getting into home rental business - Real estate- msnbc.com
Above is some important news for you. Fannie Mae is getting into the rental business? Wow! Now this is really starting to smell like socialism. What is going on here? I don't have a problem with helping the less fortunate and those who truly need a hand out. However, my question is why aren't the banks taking the brunt of this? They took so much bail out money (Which is American tax payer dollars) and now are giving out huge bonuses amd making profits. Where are we disconnecting here? They should be made to make the re-modifications happen even if they have to extend the loan out past 40 years, too long? Too bad! Re-evaluate their income every 10 years or so. We are definitely headed in the wrong direction.
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