Fannie Mae Could Lose Upwards of 22 Billion Dollars Due to Foreclosures
Gilchrist Berg, founder of $2 billion Jacksonville, Fla.-based hedge-fund firm Water Street Capital, said in a recent letter to investors that Fannie Mae could lose $22 billion to $29 billion if, as he expects, the housing bubble bursts and foreclosures increase.
Disaster in the works will translate into HUGE potential for the prepared investor. I am not implying that we should take advantage of people. I am simply stating the obvious. There will be alot of homes going into foreclosure. So get prepared and invest wisely. The "cycle" is here!!!!!
Visit House Foreclosure and Investing Blog to read Forclosure Experts discuss Foreclosure Investing and Strategies on a daily basis.
Gilchrist Berg, founder of $2 billion Jacksonville, Fla.-based hedge-fund firm Water Street Capital, said in a recent letter to investors that Fannie Mae could lose $22 billion to $29 billion if, as he expects, the housing bubble bursts and foreclosures increase.
Disaster in the works will translate into HUGE potential for the prepared investor. I am not implying that we should take advantage of people. I am simply stating the obvious. There will be alot of homes going into foreclosure. So get prepared and invest wisely. The "cycle" is here!!!!!
Visit House Foreclosure and Investing Blog to read Forclosure Experts discuss Foreclosure Investing and Strategies on a daily basis.
