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Thursday, October 21, 2010

If this is what they are sayin add to it what we have said..

Fannie Mae, Freddie Mac Bailout Likely to Double, FHFA Scenarios Show
By Kevin Depew  October 21, 2010 10:18 AM OUR FORECLOSED WORLD

The Federal Housing Finance Agency (FHFA) today released projections of the financial performance of Fannie Mae and Freddie Mac. The scenarios aren't pretty. 

The really scaring thing is that these projection don't take into account the effect of Fannie Mae on whole condominiums and home/townhouse association bottom line.

What about the recertification requirement for every condo in the USA.  What happens to them and Fannie with they fail to be recertified.

Note still no talk about a CIC Bailout.

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