It's not who you think! This video with Edward Pinto (Chief credit officer for Fannie Mae) tells us what happened, who caused our housing crisis and how the new laws being passed will affect the real estate business. Realtor or lender, if you want to know what the future may look like then watch this video.
How to Shop Mortgage Rates
View this in 1080 HD by clicking next to "CC" at bottom
North County
*1902 Wright St 2nd floor Carlsbad CA 92008
New Office!
5360 Jackson Drive #220 La Mesa CA 91942
Nevin Williams NMLS #69651
*Not a licensed office location
Fast - efficient - competitive
www.SanDiegoHomeAndLoan.Info
Very interesting clip. Thanks for sharing. I can't wait to hear more.
Diane -Surprisingly it isn't really "brainy" and pretty easy to understand.
Good info. So Cuomo,HUD and a few others are the problemo. HA HA HA. That's funny. It's the pot calling the kettle black. I do agree that whatever Dodd/Frank concoct it'll not help the situation. Hmmmm . . . wasn't Barnie Frank bedfellows with a Fannie Mae exec., Herb Moses for several years when all this, purportedly, was a'brewing? I'm just sayin' . . .
Carla -YES! And cuomo was a staunch backer of allowing people with bad credit to get homes. Now he's creating HVCC. Idiots running the country and people are surprised the housing sector collapsed?
That is an interesting concept let out of the bag. So the private sector lending had to keep up with the big boys urged ahead by a government who just wanted housing to be affordable for everyone.