Unless and until some brave souls step out from under the wide-spread wings of the Federal Government's control of the mortgage industry, our home ownership economy will not grow again. I don't know about you but being in the mortgage business for the last couple of years, I am tired of the Big Eagle pooping on my head.
I read the blog at the following link and it really hit home that 96.5% of today's mortgage business is somehow touched by Fannie Mae, Freddie Mac or FHA. Federal Government Takeover of the Mortgage Business
We need to privatize the mortgage industry and in doing so make it leaner and more efficient. Read this article and realize that there is a much better way to make long term fixed interest mortgages with low prepayment risk and consistent cash flow. New Generation has answers and we need people that want out of the box.
