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Re: To cover projected Covid-19 losses
Posted by Bear900/CA of CA on 11/21/20 4:41pm Msg #626691
ĢSEs = Government Sponsored Enterprises = Fannie, Freddie, and Ginnie Mae who buy the loans that lenders generate so the banks can keep lending. Basically, the government buys these loans.

After the 2006 meltdown, taxpayers bailed them out to the tune of $178 billion! The problem is if one goes down they all will.

At least for now refi customers will foot the bill.

With millions of jobs and businesses permanently gone, the current recession will be hard to pull through even if the virus completely goes away. Not to be a Debbie downer, but you do know that the average working person won't be vaccinated till 2nd or 3rd quarter of next year? We have yet to hit max unemployment, imo.

Without additional forbearances, high unemployment, and the lingering virus, we're still in for a long rough time. This is just my opinion from living through a lifetime of recessions, this being among one of the worst. Not a political statement of any sort.

For now, just try to stay safe and alive!
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Messages in this Thread
 Adverse market Fee - Luckydog on 11/21/20 10:12am
 To cover projected Covid-19 losses - Bear900/CA on 11/21/20 12:55pm
 Re: To cover projected Covid-19 losses - Luckydog on 11/21/20 1:07pm
 Re: To cover projected Covid-19 losses - Bear900/CA on 11/21/20 4:41pm
 Should be GSE n/m - Bear900/CA on 11/21/20 4:42pm
 And 2008. Sheesh - Bear900/CA on 11/21/20 4:44pm
 Re: To cover projected Covid-19 losses - Luckydog on 11/21/20 5:56pm
 Re: To cover projected Covid-19 losses - Bear900/CA on 11/21/20 6:49pm
 Adverse Market Fee - notarydi/CA on 11/22/20 2:05pm
 Re: Adverse Market Fee - Luckydog on 11/22/20 2:43pm
 How do you know if you are pricing yourself out of the - ananotary on 11/23/20 1:19pm
 Re: How do you know if you are pricing yourself out of the - Luckydog on 11/23/20 6:36pm
 If you're being hung up on when negotiating...you're doing - ananotary on 11/23/20 7:43pm
 Agree... -  JanetK_CA on 11/24/20 12:27am
 Re: Agree... - ananotary on 11/24/20 1:13pm
 Re: Agree... - Luckydog on 11/24/20 7:35pm
 Don't think we are taling about the same thing when - ananotary on 11/25/20 7:45am
 Re: Don -  JanetK_CA on 11/25/20 4:17pm
 Thanks for confirming what a BWR told me this afternoon. - Alz on 11/22/20 8:52pm
 4 months?? No, not even close. - NVLSlady/VA on 11/22/20 8:25pm
 Re: Adverse market Fee -  Cheryl Elliott on 11/23/20 4:16pm



 
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