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Fannie and Freddie Guarantee Bigger Losses

The Peter Schiff Show

  • U.S. Taxpayers will be forced to guarantee mortgages with 3% down
  • Qualifiers are low-income or have not owned a home for 3 years
  • Government is spinning this as “prudent”
  • Buyers have very little skin in the game
  • If real estate prices plummet, walking away is an easy choice