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No need for further explanation I guess. The subprime mess is the result of greedy lending. But in the end it not only hurt the subprime borrowers but also ruined the housing markets damaging the credit histories of once credible borrowers.
I had long talks with my dad, one of the big things was money, Its a family thin.....g!Law one, Buy low, sale high! So after Fannie/Freddie ask for a raise in its limits. My hart just about stopped, Buy low Sale High!It will be the profit center of the century. Will you come out and play in the market? Is Fannie/Freddie trying to save the mortgage industry and make a LITTLE profit?Let the games begin. on you marks, get set, BANG! or was that a BOOM?