Vancouver Real Estate – Saving Freddie and Fannie
Posted September 8th, 2008 in Buying or Selling, Real Estate, Real Estate Stuff, Sharing the Experience | 
$$ Big Macs $$
You may be aware that Freddie and Fanny the single largest mortgage lender in the U.S. was bailed out of collapse by the U.S. Government. Assuming only 80% of the problem the amount saddled on to the shoulders of U.S. citizens is according to some reports $5 TRILLION. That’s a lot of Big Macs on any calculator.
Courtesy of The Brick Ranch.com
Teri Lussier from Dayton, Ohio has within her Brick Ranch blog assembled a number of relevant discussions on this topic worthy of your reading.
After Shock
Where does this leave us as the neighbor to the north? My guess is as good as yours, but rest assured Canadians will not escape the after shock of this move. I suspect it will have a profound influence on lending practises and rates charged for those mortgages and loans.
Reports for Consideration
You can Google Freddie or Fannie and have a month’s worth of reading. Here are some quick links to help you along.
Got a Vancouver Real Estate question? Always happy to answer it. Call or send me an email or twitter me @yattermatters.
Larry
*Statistics Courtesy REBGV. While believe to be accurate they are not guaranteed.
**Numbers provided may vary as they are dynamically posted by the REBGV.
