Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.
Dream on. And unemployment was not going over 8%.
Hope their right, but it is Fannie Mae who doesn’t have the greatest track record. Also, 1.5 million starts would be the largest perhaps ever and what predictable economics?
Pray for America
Somebody has been smoking something....
So when it’s less (and it will be) it will be “unexpected”.
There’s no way they will be building millions of houses with the foreclosure glut on the market.
Unless they plan to relax lending standards again!
Do you think interest rates are staying below 6% over the nest several years?
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There’s something like a 10 year supply of ‘houses’ already on the market with very few buyers. These people are demonstrably insane.
Coming from a defunct and worthless government institution who has been taxpayer bailed out already to the tune of $150+ billion dollars, I call BS!! =.=
Anyone expecting that in the next three years?
And boy howdy, I hate that word "recovery". Housing has just finished recovering from a non-sustainable bubble. What it needs now is several years of benign neglect from the government so that the historic fundamentals can be reestablished.
WOW!! TRIPLE? All the way from 50 to 150 starts? Great news!!
How many trillion dollars have these brilliant forward thinking and furture predicting scum cost the tax payers. A bunch of over paid buffoons. And their creditability is below zero.
Here is my negativity.
A percentage of the kids today aren’t even buying cars. The payments and insurance are out of their reach. The other 1/3 are living at home with their parent(s).
How many foreclosed houses are on the market now?
If they legalize all the illegal immigrants, it might bump up the numbers, but we will be deluged with immigrants trying to get in under the wire so as to be eligible. (Not good)
4th? The people elected Obama.
OK,
What a crock of shit!
Fannie Mae management required a forecast that would maintain their cap requirements.
BY making this number official Fannie can forgo writing off at least another $100Billion in loan losses between now and April 2013 when they’ll be required to revise their estimates.
This might be a good thing for taxpayers if enough garbage gets shoved through the REO pipeline and Obama isn’t reelected.
Even a RINO like Christie or Guiliani would wipe out FHA/Ginnie Fannie Freddie if in 2013 they have an overhang of 2 years worth of write offs that the management blackholed to maintain their cap requirements to maintain their employment and fat bonuses at the Agencies.
That fat scumbag Richardson from New Mexico just did it in the last weeks of his term, “oh hey, forgot to mention it, but the budget deficit is 100% larger than previously admitted, see ya, peace out suckahs!”