Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Tax Liens & Mortgage Notes
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 9 years ago on . Most recent reply

User Stats

265
Posts
27
Votes
Chet Mazur
  • Flipper
  • Cupertino, CA
27
Votes |
265
Posts

did you know Fannie Mae's auctioning 1.527 B of NPNs

Chet Mazur
  • Flipper
  • Cupertino, CA
Posted

FNMA  is conducting a auction this and in the next couple weeks for NPNs. I am writing my representative indicated that small businesses and other disadvantaged businesses were not included in this or previous sales.

I don't know if a web survey (to automate the process) can be used for this purpose, but I would like to write a group letter to congress that we can be heard en masse. (hmmm... BP  just passed 500K was it)?

It ticks me off that this continues to happen. I wrote a similar letter to the Treasury Dept. when the "toxic assets" where to be auction thru the TARP platform w/o inclusion of small and disadvantaged businesses.

If you agree,  let's see if we can do this.

Most Popular Reply

User Stats

1,723
Posts
1,451
Votes
Bob Malecki#5 Tax Liens & Mortgage Notes Contributor
  • Investor
  • Kingston, WA
1,451
Votes |
1,723
Posts
Bob Malecki#5 Tax Liens & Mortgage Notes Contributor
  • Investor
  • Kingston, WA
Replied

Its a compliance issue, also the pools are in the tens of millions and so most small and disadvantaged businesses don't have that level of capital to participate. 

Loading replies...