Fannie expands student debt mortgage swap program · PERT Florida Real Estate School

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Fannie Mae, the largest backer of mortgage credit in the country, has issued new guidelines allowing home owners to refinance their mortgages to pay off their student loan debt. The option to essentially swap student loan debt for mortgage debt is an expansion of a program launched last year with personal finance company SoFi.

Fannie expands student debt mortgage swap program PERT Florida Real Estate School The Curse of the First american austerity generation: The Student Loan Debt Bubble by Alan Nasser and Kelly Norman – Counterpunch It was announced last summer that total student loan debt, at $830 billion, now exceeds total US credit card debt,

There’s a very good chance that you’ve heard of Fannie Mae. But do you know what it does and how it operates? The Federal National Mortgage Association (FNMA), typically known as Fannie Mae, is a.

He also argued that Goldman wasn’t making an aggressive negative bet – or short – on the mortgage market’s slide. In addition to the $2billion so-called collateralised debt obligation that. owned.

On top of that, now we see a new suspect figure enter the scenario that may quantify the depth of this ugly credit-default swap market to a shocking figure of $28,500,000,000,000! (That’s my first.