#FANNIEGATE $FNMA Example
I make $20K a year.
I own a home worth $5,000,000.
Can the government come in and force me to take a loan for $200,000 at 10% when I don't need it, making my interest payments on the loan roughly equal to what I'm making and use that to justify taking my home from me?
Can the government then settle for 80% of my home?
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Glen's Musings — AI, investing, and building things. Occasional. Free.
Glen Bradford
Investor · Builder · Writer
MBA from Purdue. Former hedge fund manager. Holds 26 series of Fannie Mae and Freddie Mac junior preferred stock. Built Cloud Nimbus for Salesforce consulting. Author of Act As If. Writes about investing, building things, and the longest financial fraud in American history.
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Read moreDisclaimer: This blog post reflects the author's personal opinions at the time of writing and is not financial, investment, or legal advice. Glen Bradford holds positions in securities discussed on this site. Past performance is not indicative of future results. Do your own research and consult qualified professionals before making investment decisions. Some content on this site was generated or edited with AI assistance.