Fannie Mae and Freddie Mac are important players in the mortgage market as they hold or guarantee 40 percent of all mortgages in the U.S. and about two-thirds of the conventional, conforming (non-jumbo) loans.This year their share of the mortgage market has grown rapidly.For this reason their safety and soundness is of paramount importance. The Enterprises have been very active in meeting their mission by providing significant liquidity and stability to the prime markets that they serve. They have entered into an increasingly large volume of securitization business in the conforming loan market — more than $500 billion dollars in the first half of the year — and that market is liquid and actively trading. We are encouraging them to increase this securitization activity.
I am a HUGE Monopoly fan. I even have an Uncle Penny bag’s tatoo. I have been playing at least two nights a week untill the wee hours of the morning all summer. I have also been working in “real” life on property development, for that matter personal development as well. Last night, my luck ran out. All I could do was make money and could not buy any property at all. What a frustrating experience to have all this money and not be able to buy anything. But, that is “real” life for some investors. Other investors are now finding that they have a bunch of property and no money. In both cases, you find your self thinking, “what is my next move?” “How do I go from here?” The interesting point is, it doesn’t matter what pieces of real estate you hold on the board, you are always thinking, how to advance. Doesn’t matter if you own railroads or boardwalk, everyone in the game is thinking the same thoughts.
