https://selfdirected.org/podcasts/investor-talk/fannie-mae-unjustly-targets-seller-financing-including-rent-installment-contracts-episode-266
The Big Idea
Fannie Mae, like most of the rest of the federal government, oversteps its boundaries and begins a campaign to target the elimination of totally legitimate seller-financing strategies like rent-to-own and installment contract sales.
Points To Ponder
- Happy Memorial Day. To the families who have lost a loved one in service of the defense of the United States, I (Bryan Ellis) and my family thank you sincerely. Please be sure to listen to the tribute in today's episode.
- Fannie Mae has accused a company called Vision Property Management of impropriety in seller financing transactions on homes purchased from Fannie Mae. (We have no knowledge of the business practices or innocence/guilt of Vision Property Management)
- Fannie's response: Prohibition of Vision from purchasing any properties, and targeting of so called "abusive seller finance strategies" from any other companies
- This is just an attempt to categorize seller financing - which is a competitor to bank financing and therefore to Fannie Mae's profitability - as an "abusive" practice so it will be blackballed through political correctness, even though there's nothing illegal about these strategies
- This is all a result of the actions of prodding from corrupt Democrat Congressman Elijah Cummings
- Bottom Line: It matters for whom you vote, because the effect of your vote will always trickle down to you... sometimes catastrophically
Resources
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