This one is interesting.
Freddie Mac filed with the NAH to be a provider on the secondary
market.
On April 16th, Freddie MAC filed with the NAH would
be able to get into secondary mortgage market.
This is just great (extreme sarcasm). Let’s get the
government involved with providing even more consumer debt any other lender
would ever give. This gives a short term boast to lenders, banks, etc but at what cost?
Imagine if this becomes common amount homeowners to get cash
out simply to pay for overpriced inflationary good and then the market goes
down a bit…. Nothing less than a foreclosure disaster.
This is like solving diabetes with even more sugar. Our
government is back peddling, realizes we have a problem coming and have no clue
how to handle it.
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