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Response to oldhippie (Reply #64)

Tue Aug 13, 2013, 06:31 PM

65. Gee, oldhippie, what if I don't KNOW anyone with a lot of money?

What if I want to buy a home out in the sticks where NO ONE has any money to lend?

Are you catching on? The WHOLE POINT of GSEs was to provide liquidity to the mortgage market,
so you didn't have to count on having a bank around the corner being able and willing to lend you
money to buy a house.

As you said, "Jesus, how basic is that?"

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Bunnahabhain Aug 2013 OP
oldhippie Aug 2013 #1
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oldhippie Aug 2013 #23
muriel_volestrangler Aug 2013 #48
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oldhippie Aug 2013 #64
LineLineLineLineLineLineLineLineReply Gee, oldhippie, what if I don't KNOW anyone with a lot of money?
Dreamer Tatum Aug 2013 #65
oldhippie Aug 2013 #70
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