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Is the700 billion dollar bailout really needed?
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[QUOTE]Originally posted by Propertymanager: [QB] [QUOTE]fannie and freddie buy the notes fromte mortgage originators (brokers)... you should know this from your real estate license class... it's the second week..[/QUOTE]In practical terms, it's the same thing. Fannie and Freddie control the lending standards by dictating which loans will be bought on the secondary market. So, they directly control who the money is loaned to and they are providing the money that is loaned to these people, by buying the mortgage. FYI, I never attended "real estate license class". I am in the rental property business, I am not a real estate agent. [/QB][/QUOTE]
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