Friday, July 29, 2011

What about Fannie Mae?

Fannie Mae declares its mission as something like "stabilize community values" and "promote home ownership". We also know Fannie Mae really likes to keep friendly investors happy. Lets see how our "coincidental" duo of Fannie Mae Associate Vice President Lea France and happy California investor Orchard Terrace Estates LLC helps Fannie Mae to achieve these goals.

"Stabilize Community Values". I would grade it as D, I really do not see how such sales can help stabilize community values.

"Promote Home Ownership". Still D in this area. I do not see a lot of moving trucks coming here from California.  Did I miss anything? I guess  I just do not understand how selling a property to an investor at half the price can "promote home ownership". Somebody, please educate me.

"Keeping friendly investor happy". We know it is not declared on the Fannie Mae web site but this is the only area we can give Sales Manager and Associate Vice President at Fannie Mae Lea France an A after looking at these records. She really knows how to make dreams come true. Sorry, I keep forgetting this is just a coincidence.

Of course, this is just our opinion and we do not pretend to know the whole  truth but this is what we see going on around us and we do not like it. Whether you agree or disagree I would like to hear your opinion, the blog and all comments are anonymous and you do not need to leave your name if you do not feel so.

7 comments:

  1. I am a Broker and have only had good experiences with Lea France and I've dealt with many of the various sales reps over the years. If you follow Broker Guidelines and perform, you shouldn't have any problems. I understand price reductions are subject to Fannie Mae policy and Manager approval. Your comments sound like sour grapes. Rather than doing a "hatchet job" on someone, why don't you call her directly and discuss your issues. You sound like a coward to me.

    ReplyDelete
  2. I am a Broker and have only had good experiences with Lea France and I've dealt with many of the various sales reps over the years. If you follow Broker Guidelines and perform, you shouldn't have any problems. I understand price reductions are subject to Fannie Mae policy and Manager approval. Your comments sound like sour grapes. Rather than doing a "hatchet job" on someone, why don't you call her directly and discuss your issues. You sound like a coward to me.

    ReplyDelete
  3. I am a Broker and have only had good experiences with Lea France and I've dealt with many of the various sales reps over the years. If you follow Broker Guidelines and perform, you shouldn't have any problems. I understand price reductions are subject to Fannie Mae policy and Manager approval. Your comments sound like sour grapes. Rather than doing a "hatchet job" on someone, why don't you call her directly and discuss your issues. You sound like a coward to me.

    ReplyDelete
  4. I am a Broker and have only had good experiences with Lea France and I've dealt with many of the various sales reps over the years. If you follow Broker Guidelines and perform, you shouldn't have any problems. I understand price reductions are subject to Fannie Mae policy and Manager approval. Your comments sound like sour grapes. Rather than doing a "hatchet job" on someone, why don't you call her directly and discuss your issues. You sound like a coward to me.

    ReplyDelete
  5. I am a Broker and have only had good experiences with Lea France and I've dealt with many of the various sales reps over the years. If you follow Broker Guidelines and perform, you shouldn't have any problems. I understand price reductions are subject to Fannie Mae policy and Manager approval. Your comments sound like sour grapes. Rather than doing a "hatchet job" on someone, why don't you call her directly and discuss your issues. You sound like a coward to me.

    ReplyDelete
  6. I used to work for Fannie Mae. These posts are absurd and border on slander.

    ReplyDelete
    Replies
    1. I'm a taxpaying buyer (not an investor) in need of a home in CO. I have to compete with this duo in bids for homes. The criticisms in this blog appear very well supported, and I'm interested in info on the class action suit!

      Delete