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2012-01-10 08:00:00

The Wall Street Fraud Watchdog has become aware that Fannie Mae, and the Obama Administration may be preparing to do a pilot program on selling bulk portfolios of home foreclosures to investors. According to CNBC on January 9th 2012, "The Obama administration, in conjunction with federal regulators and led by the overseer of Fannie Mae and Freddie Mac, is very close to announcing a pilot program to sell government-owned foreclosures in bulk to investors as rentals, according to administration...


Word of the Day
cenobite
  • One of a religious order living in a convent or in community; a monk: opposed to anchoret or hermit (one who lives in solitude).
  • A social bee.
This word comes from the Latin 'coenobium,' convent, which comes from the Greek 'koinobios,' living in community.
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