Jeff, I am glad you are being agressive regarding the future of Fannie and Freddie. I spent most of the 90’s lobbying in DC on education issues. I learned a lot! I have a grave concern about this issue. I have been concerned since loose lending started. It has appeared to me that this has been a long term move to shift the U.S. from a nation of property owners to a more socialist climate of property leaseholders. I am sure you are aware that government secured loans change the Complexion of property ownership as opposed to privately secured loans. If Fannie and Freddie dissolve, or breakup into numerous government entities, and those entities are the sole security for ALL loans, we as a nation have lost our right to property ownership.

I have just finished my review of the final rules regarding S.A.F.E. published in the CFR July 28, 2010(Horrible code, at all levels) It is very clear that owner financing is no longer an option for us as Americans. We can take (a dwelling) property as collateral on a business loan, but we can not take a deed of trust or any security instrument on a “dwelling” unless we hold a L.O.L. and are registered with the NMLSR. We truly are entering a “Brave New World.”

I have had some connections with the conservative lobbying groups nationally. They typically don’t get into land issues, but under this threat they may consider it. If I can be of help let me know. Dani Hansen 208-709-2727.