Desty Lorino is a real estate agent with over 20 years as a licensed professional. Desty is with the Coldwell Banker Residential Brokerage’s North Shore office, located in Glendale, and prides his success on a high level of service and market knowledge. Today, he explains who Freddie and Fannie are, and why you should be cautious of them:
Saturday night my wife and I ran into some friends at a party. They’ve owned their home for over 10 years and are concerned about upgrading in the wake of Fannie Mae and Freddie Mac.
Ah yes, the two names that have haunted Realtors, lenders and bankers alike. So why are they relevant in the world of real estate? (more…)