Fannie Mae rolled out their clear boarding specification sheet which, I have to admit, was just and equitable with the exception of pricing as they are all aware that Contractors will see about twenty cents on the dollar — and Fannie
Mae knows that. Look, Tim Mayopoulos isn’t an idiot. Mayopoulos smells smoke. Not smoke from clear boarding, no. That is remedial. Mayopoulos realizes that the Trump Swamp is rolling into town. And the reality is that there is one thing and one thing only which Trump is going to micromanage: Real Estate. That aside, let’s not pull any punches, Fannie Mae and Freddie Mac are going down for the count now that the shareholders took one for The Team. And honestly, did anyone think it was going to go differently? I mean the Beltway bows for no one other than the K Street Boys. For those of you whom honestly believe that either Fannie Mae or Freddie Mac are owed a damn penny, you have honestly been living under a rock. No matter whom is in the White House; no matter whom is the President of the United States, the reality is that the Federal Reserve Board is always going to win — Just like the House in Vegas.
So, why is Fannie Mae on the radar this evening? Well, they squirted out a document that resembled the first diaper which my son left for the hospital the day he was born. Fannie Mae has decided that all plywood must go. Now, many remember how Robert Klein, Safeguard Properties founder, salted tens of thousands of dollars in political campaign financing across the United States, in a manner calculated to unjustly enrich his SecureView and the Robert and Ita Klein Enterprises, in my opinion. Nothing but the Jewish Mafia spreading their tentacles out to defraud Minority Females and Labor as these people have always done at Safeguard Properties. Moreover, though, Foreclosurepedia demonstrated that even the Ohio Governor, John Kasich, refused to say what should be used in the stead of plywood. Governor Kasich’s office stated, “It would be illegal for us to tell you what to use to replace plywood.”
We are unable to instruct you as to what product you may use instead of plywood as this would be giving legal advice. — Governor Kasich’s Office during phone interview with Foreclosurepedia today.
Ben Lane, over at HousingWire, has a typical Paul Jackson piece of rhetoric praising the march of the Jewish Mafia with respect to down with the plywood and up with the clear boarding. Lane emphatically rolls out his pom poms like a typical bootlicker as if he was carrying Tablets down from on high about how clear boarding is going to solve all the ills of the world. Look, Ben, I have some info for you which your Kippah wearing, advertising buying pals didn’t pass on: Labor will not see a penny of it and it is doomed to fail. And did I forget to mention what a cash cow these chargebacks will become?!
Ben, like most former LPS financed hack rags, continue to tow the party line for Klein and his Jewish Mafia in Valley View in my opinion.
Surprisingly, the National Association of Mortgage Field Services (NAMFS) actually took a stand against the millions of dollars of inventory which both SecureView and InvisiBoard had amassed. We reported upon this several weeks ago. In this I mean that Mayopoulos and his Team stated that 3/16″ could be used as is that which NAMFS demonstrated in their video below. This will be a huge blow to Cyprexx, whom owns InvisiBoard, and SecureView, a mere extension of Safeguard Properties, whom both invested heavily into the 1/4″ polycarbonate sheeting referred to as clear boarding. Moreover, though, both firms predominately utilize recycled materials and not the bona fide Makrolon which Fannie Mae believes is being applied. And just out of curiosity, has anyone read about the cancer causing properties of this material on the Material Safety Data Sheets (MSDS)?!
The main problem, though, is that the shot callers at the top of this misguided movement are politically connected. What we have today is an echo chamber with respect to generating monies for financially insolvent, predominately NAMFS controlled firms. The leg of the stool which is collapsing is that clear boarding is good for communities. Foreclosurepedia always has and always will ask why not simply replace the windows and cut the grass? Why continue to hoist unfunded mandates upon the shoulders of Minority Females and Labor?
We all know that Minority Females and Labor will never see the allowable pricing for the clear boarding mandated by Mayopoulos and his ilk. We all know that Wells Fargo is poised to demand the same. And we all know that at a time of low volumes where none of this garbage is sustainable, this is even a worse time to be imposing yet more costly endeavors which are even more prone to chargebacks than any other line item in the Industry combined.
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