50 year mortgage

[neurosis]

Speaking of sub-prime borrowers.


https://www.reuters.com/business/autos-transportation/record-number-subprime-borrowers-miss-car-loan-payments-october-data-shows-2025-11-12/


Record number of subprime borrowers miss car loan payments in October, data shows

[TylerBeer]

"Fannie Mae and Freddie Mac together back or hold about half of all outstanding U.S. mortgages, totaling over $5 trillion as of recent estimates, making homeownership accessible to millions who might otherwise face higher costs or limited options".

Errrr, apparently not....

Why is that bad? (Other than many eggs in one basket)

[Newbeeee™]

Why is that bad? (Other than many eggs in one basket)

Errrr.... you said this....

We already know we don't learn lessons from history, do we really want to prove it?

I remember in 2008 the whole FannieFreddy shitshow....

[jstell]

All they had to do to know that was bullshit, was pay attention to how he worded what he was saying.

He worded it by making it come out of his mouth.  That point of origin is enough for me to know it's total bs.

[TylerBeer]

Errrr.... you said this....

I remember in 2008 the whole FannieFreddy shitshow....

True - although guy they're now in government conservatorship so more heavily regulated, likely less risky and insulated than indepdent banks.
But absolutely see your point

[Newbeeee™]

True - although guy they're now in government conservatorship so more heavily regulated, likely less risky

[TylerBeer]

Proof = housing market in Canada in 2007