Will the Obama Administration Eliminate Fannie & Freddy?

Wow. I found this article and just had to include it here because this will affect us all:

http://online.wsj.com/article/SB10001424052748703989504576128403630694340.html?mod=dist_smartbrief

If these two agencies are eliminated how that affect the mortgage industry and every other industry attached to it?

Beware of Mortgage Scams; Especially if they tell You to Send Your Mortgage Payment to a New Address

This scam is so easy to get caught up in so I wanted to post this so that you will become aware and don't just send your mortgage payment without first checking it out;

If you get a notice from a company stating to send your mortgage payment to a new address, call your mortgage holder first to confirm there haven't been any changes. Read this:

http://realestate.bryanellis.com/3915/real-estate-scam-of-the-day-stolen-mortgage-payments-in-nevada/#comment-25710

No More Reverse Mortgages from Bank of America

I included this bit of information because it's important to learn about the different strategies that banks use. I personally never liked this bank strategy because it always made me feel that somehow banks were in a stronger position although making the senior who actually is in possession of a reverse mortgage feel like they had something of value. But check it out for yourself.

http://realestate.bryanellis.com/3918/bank-of-america-exits-reverse-mortgage-market/#comment-25709