I went to a Fannie Mae presentation at my board today--not usually my gig (as an REO dragon, I usually sit in my cave breathing fire on damsels and sharpening my talons) but I thought that I could use the lunch.

WHAT A GREAT EXPERIENCE. If your board brings the Fannie Gurus in, definitely make the trip. There were 5 Fannie managers from across the nation--D.C. to Dallas to L.A. They gave an organized, dynamic presentation on what Fannie stands for, where they fit in the market, what they have worked up for HAMP and HAFA, when it will launch, who will be participating, how to counsel owners, buyers, loan programs, REO assignments and breaking in.

The speakers were smart and quick witted. They knew their stuff and kept it brief. Don't get me wrong, there was the usual barrage of dummies who couldn't see past the one transaction they have closed this year and wanted to hash out all of Fannie's missteps in front a room of 300 people. . . . in a very long winded way. But the Fannie panel ROCKED the presentation.

I loved to see that, deep in the heart of the organization, there are a heap of brilliant energetic people who care a lot about getting it right--mods, shorts AND REOs.
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  • If you can't get in, shoot me a direct email. I'll give you the Cliff's Notes on the phone one day next week.
  • FNMA is doing a dog n ponny show in my town I got an email update from our board so I went to sign up and space limited all full within a few hours of the email :( I wish they would video tape it and do an online media type infomercial since space was so limited. think it is next week, I am considering trying to crash it :) But everyone on the REOPRO dont crash it, that wont work if we all show up. I will take my flip cam if I get in and post it all here on REOPRO :)
  • The presentation didn't have a name, the board here brought in a panel of Fannie Movers and Shakers during the tech expo. It was a really great pres.
  • now that was funny. I got a visual.
    What the name of the presentation? Hope they make their way to Northern CA.
  • I couldn't read all of the post without wiping the tears from my eyes. The visual of the REO dragon -- I must borrow that!

    I will ask my board to bring them if possible. Hope you are well!

    V
  • Pam,

    I am still laughing @ the dragon visual...now I know where my REO buyers offers are going "up in dragon's breath smoke".

    Would love to know where the FNMA Panel is presenting next...since they are in neighborhood (well kind of) ...wondering where I could catch their next gig.

    Keep those post coming...GOOD JOB!
  • Going to this would be like a muslim going to Mecca....I would have liked to go!
  • Sounds like it was a great presentation. I would have definitely made an effort to attend but did not know about it.
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