Comments on: Fannie Mae to Become National Landlord? New Policy Allows Home Owners to Rent

By: Andy

Andy — Wed, 14 Apr 2010 13:05:21 +0000

This is a great idea. Sure agents don’t get a six percent commission but there will be plenty of properties to buy and sell. This keeps people in their homes. This isn’t the first time this has happened. If they ride this out long enough they may make money like they did last time they became landlords. No reason to do more tax payer funding of losses when they can literally rent out and and maintain the possibility of recouping them. Besides how does lowering the inventory of REOs in the market lower market prices? It seems to me that it would in fact protect market prices and help keep them higher.

By: Fannie Mae Announces New 3.5% Buyer Incentive | The Chicago 77

Fannie Mae Announces New 3.5% Buyer Incentive | The Chicago 77 — Tue, 02 Feb 2010 11:01:06 +0000

[...] announced today that they are offering a 3.5% incentive* for buyers who purchase and close on a Fannie Mae-owned home between January 28th, 2010 and April 30, 2010. Buyers purchasing properties listed on their [...]

By: Fannie Mae Increasing Loan Requirements for Home Buyers | The Chicago 77

Tue, 01 Dec 2009 23:02:54 +0000

[...] will reject any loan request where the buyer has less than 20% down and credit score under 620. Fannie Mae will also be changing its debt to income ratio to 45%. To the average buyer who does not have the [...]

By: Gene

Gene — Thu, 12 Nov 2009 22:10:17 +0000

Home value went down so much!! Why would you want to keep paying for a home that has negative value? Why not save the free rent money that the government is offering to live for free for another home?!! I vote nay on this!!

By: bill.h

bill.h — Wed, 11 Nov 2009 14:36:41 +0000

Are you kidding me….I think its a great idea…distressed property owners get to stay in their homes and not walk away from their nest egg.

By: renah bell

renah bell — Wed, 11 Nov 2009 03:38:14 +0000

Actually, I think it’s a brilliant idea. These people will continue to pay the mortgage down with their rentals and they will take care of the property. It is certainly better than leaving it to stand empty woth possibility of squatters and/or vandalism and it keeps another family from becoming homeless. Perhaps, after they’ve rented for a while their situation will improve and they will be able to buy the house back at a special rate.

By: Rodger Parker

Rodger Parker — Tue, 10 Nov 2009 21:35:43 +0000

Hands down the dumbest thing I ever heard! They can’t afford the house what makes Fannie think they can afford to lease it now? What happens when they won’t pay rent if the magic rent fairy actually puts rent money in their pockets? Sounds like giving the guy on death row another year for being a bad prisoner. You just cant make this sh@#t up the government just cracks me up. Really???.. Really???..

Here’s a thought…No pay no stay !!! Let’s foreclose, sell the properties, and move on instead of peeling the bandaid off slowly.At the end of the day you still have a gaping wound that isn’t going away.