UN-FLIPPIN-BELIEVABLE ?!?!?!?

The CEO of Freddie Mac, Ed Haldeman, received a $2.3 million bonus, in addition to his $900,000 salary. Fannie Mae's CEO, Michael Williams, received a $2.37 million bonus.

"The executives got the bonuses about two years after the federally backed mortgage giants received nearly $170 billion in taxpayer bailouts…" [my emphasis] In August of this year, Fannie Mae reported a second-quarter loss of$5.2 billion. In November, Freddie Mac reported a third-quarter loss of $4.4billion.

Read the complete story at... http://realtytimes.com/rtpages/20111108_occupy.htm

How can this be happening ???

OUCH.....THIS HURTS !!!!!

Fannie wants more

Mortgage finance giant Fannie Mae said it would ask for an
additional $5.1 billion from taxpayers as it continues to suffer
losses on loans made prior to 2009. Including the latest funding
request, Fannie Mae has needed $104 billion in government capital
injections since the US Treasury seized control of it in 2008
during the financial crisis.

A post from Chris McLaughlin's Blog at .......

http://www.shortsalesriches.com

COMBAT "REO" FRAUD

Finally...an Easy Way to Combat REO Fraud09.28.10, 12:30 PM EDT

I found this article on Forbes.com
A company that seems to have the same integrity as me. We are all very tired and ashamed of unscrupulous real estate agents taking advantage of Americans losses.

Click on the link below to learn more....
http://www.linkedin.com/news?viewArticle=&articleID=210718733&gid=106811&type=member&item=30908559&articleURL=http%3A%2F%2Fwww%2Eforbes%2Ecom%2Ffeeds%2Fglobenewswire%2F2010%2F09%2F28%2Ffinally_an_easy_way_to_combat_reo_fraud_202500%2Ehtml&urlhash=LU69

Thank you, Larry Founder of this Blog

OUR GOVERNMENT LOVES TO SPEND OUR HARD EARNED MONEY!!!

Cost of rescuing Fannie and Freddie is expected to hit $154 billion
Bailing out Fannie Mae and Freddie Mac could require an additional $124 billion, but the amount likely will be about $19 billion, making the total price tag $154 billion, according to the U.S. Federal Housing Finance Agency. The regulator of Fannie and Freddie said the amount might soar to $259 billion if the nation slips into a double-dip recession.

John Massey in Mortgage Default Industry from LinkedIn.com


John M.
Principal at AcQuity Investments
Greater Minneapolis-St. Paul Area
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