Well lets see, they bid against me in a foreclosure home deal, actually bought all 4 houses that were up for auction that day. Paid $400K+ for the home and fees and are now selling it for $230k because they know what it was actually worth now. And we wonder why they keep asking for money. They more for all 4 homes and who knows how much they are reselling them for now.
-----Original Message----- From: Jerry Barnes [mailto:[email protected]] Sent: Friday, May 06, 2011 11:13 PM To: cf-community Subject: Fannie Mae reports $8.69 billion loss for Q1 (and wants $8.5B more in federal aid) Excerpt: Fannie Mae asked the government Friday for an additional $8.5 billion in aid after declining home prices caused more defaults on loans guaranteed by the mortgage giant. The company said it lost $8.7 billion in the first three months of the year. Those losses led Fannie to request more than three times the federal aid it sought in the previous quarter. The total cost of rescuing the government-controlled mortgage buyer is nearing $100 billion - the most expensive bailout of a single company. Read more here: link<http://hosted.ap.org/dynamic/stories/U/US_EARNS_FANNIE_MAE?SITE=AP&SECT ION=HOME&TEMPLATE=DEFAULT&CTIME=2011-05-06-16-58-01> J - I think when you spread the wealth around, it's good for everybody. - Barack Obama They'd rather the poor were poorer provided the rich were less rich. - Margaret Thatcher ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:337556 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
