1. EachPod

Fannie and Freddie Guarantee Bigger Losses

Author
Peter Schiff
Published
Wed 10 Dec 2014
Episode Link
https://schiffradio.com/fannie-freddie-guarantee-bigger-losses/?utm_source=rss&utm_medium=rss&utm_campaign=fannie-freddie-guarantee-bigger-losses





* U.S. Taxpayers will be forced to guarantee mortgages with 3% down

* Qualifiers are low-income or have not owned a home for 3 years

* Government is spinning this as "prudent"

* Buyers have very little skin in the game

* If real estate prices plummet, walking away is an easy choice


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