Comments on: The Real Estate Market & What Gerald Romine & Maverick Frank McKinney Are Saying http://www.geraldromine.com/the-real-estate-market-what-gerald-romine-maverick-frank-mckinney-are-saying/ "The Web's Leading Authority on Real Estate, Kicking Butt in Real Estate, and stuff like that!" Thu, 07 May 2009 15:02:26 -0400 http://wordpress.org/?v=2.9.2 hourly 1 By: DesertDweller http://www.geraldromine.com/the-real-estate-market-what-gerald-romine-maverick-frank-mckinney-are-saying/comment-page-1/#comment-91 DesertDweller Tue, 19 Aug 2008 03:40:36 +0000 http://geraldromine.com/?p=94#comment-91 Gerald, as defaults on home mortgages soar, Fannie and Freddie have posted combined losses of around $14 billion in just the past four quarters. Some predict that their combined losses are expected to continue for a few more quarters, and some "experts" think the companies will not return into "the black" before 2010 or 2011. So, couple that with the other mortgage guys now under stricter REGULATIONS of higher down payments at around 80% loan to value, I have to surmise that we serious investors, wholesaling excepted, are looking at more "buy and hold" exit strategies. Would you agree? Darrell Barker Gerald, as defaults on home mortgages soar, Fannie and Freddie have posted combined losses of around $14 billion in just the past four quarters.

Some predict that their combined losses are expected to continue for a few more quarters, and some “experts” think the companies will not return into “the black” before 2010 or 2011.

So, couple that with the other mortgage guys now under stricter REGULATIONS of higher down payments at around 80% loan to value, I have to surmise that we serious investors, wholesaling excepted, are looking at more “buy and hold” exit strategies.

Would you agree?

Darrell Barker

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