Vancouver Real Estate – Saving Freddie and Fannie

$$ Big Macs $$

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.

BBC

Associated Press

CTV

Earth Times

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.

About Larry Yatkowsky

Larry is a recognized real estate expert. A veteran professional, his experienced counsel leads Vancouverites in his west side community to place their trust in a man passionate about his work. Uncompromising ethics bring a balanced approach to realizing your real estate dreams.

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*Disclaimer: Statistics Courtesy REBGV. While believed to be accurate they are not guaranteed.
**Numbers provided may vary as they are dynamically posted by the REBGV.

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