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PulteGroup, Inc. Message Board

  • marryjoe22 marryjoe22 Feb 20, 2005 11:36 PM Flag

    Mortgage Fraud Loans harder get

    The biggest factor is loan fraud
    the Government doesn't want to publize
    it yet for fear of many financial
    instutions getting hurt hard sending the economy south , Remember the
    credit unions about 14 years ago.

    The housing loan industries are worse and individuals will start being investigated by the Fed in about two months.

    Watch housing market crash
    money has been too easy to get and
    debt is extremly high and fannie mae
    and freddie mac is not going to be around much longer to warrent debt.

    Remember the govenment does't warrant payment. The way the loans work I'm surprise inflation isn't higher.
    I'm wondering if fannie mae and freddie
    mac have insurance to back their warrenty.

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