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Inman Poll: Will Fannie and Freddie tap new credit line?

By Glenn Roberts Jr., Tuesday, July 29, 2008.
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Participate in an <a href="http://www.inman.com/poll/what-are-chances-fannie-mae-and-freddie-mac-must-tap-their-new-temporary-line-credit-government">Inman News Poll</a>.Participate in an Inman News Poll.

Participate in a new Inman News Poll: "What are the chances that Fannie Mae and Freddie Mac must tap into their new, temporary line of credit to the government?"

An earlier poll, "Which type of real estate transaction is most difficult to close in your market area these days?" found that short sales are typically the toughest real transactions to close.

The results to date:

48% Short sale
19% REO (real estate owned or bank-owned properties)
13% Luxury home sale
10% New home sale
10% Entry-level resale home sale

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Submitted by on July 30, 2008 - 2:41pm.

The goal of Freddie Mac and Fannie Mae is primarily to boost up its stock price and make money for its owners. In order to achieve this goal it will draw capital from the cheapest source possible. That source will be our tax dollars. I'd say Freddie and Fannie will definitely tap the new credit line.

 
Submitted by Benjamin Dona on August 6, 2008 - 5:00pm.

With today's announced $821B Q2 loss for Freddie Mac, I'd say it's a foregone conclusion for them.

Florida Home Loans | Southwest Florida Blog

 
Submitted by Ki Gray on August 10, 2008 - 1:27am.

I think they will tap their new credit line. The question I have is how likely is that they will run through this credit line and ask for more.

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