{"id":19278,"date":"2024-04-17T14:44:30","date_gmt":"2024-04-17T21:44:30","guid":{"rendered":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=19278"},"modified":"2024-04-17T16:44:30","modified_gmt":"2024-04-17T23:44:30","slug":"bloodhoundbrag-fanniemae-and-freddiemac-are-finally-deploying-a-plan-we-proposed-in-2007","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/19278\/bloodhoundbrag-fanniemae-and-freddiemac-are-finally-deploying-a-plan-we-proposed-in-2007\/","title":{"rendered":"BloodhoundBrag: FannieMae and FreddieMac are FINALLY deploying a plan we proposed in 2007…"},"content":{"rendered":"\n

You know how it is. The NAR had to get itself sued to death first. Inasmuch as nothing is actually changing \u2013 adamantly, nothing<\/em> \u2013 that works out to be a decent deal. Rotting giants fall hard, but sic semper tyrannosauris<\/em>, as we have said all along.

Here’s what’s what: Starting in 2006 or so, BloodhoundBlog started debating ways to make the contradictions of our convoluted commission scheme more transparent and fairer to both buyers and sellers.

I ended up arguing for an idea I called The Divorced Real Estate Commission<\/a>. If you click the link, you can read an eBook I wrote on the subject. Or you could just read the news from FannieMae and FreddieMac, who are this week implementing the idea I came up with seventeen years ago.<\/p>\n\n\n\n

\"\"
The big new idea at Fannie\/Freddie? It’s the middle column.<\/em><\/figcaption><\/figure>\n\n\n\n

Seventeen years… And how many billions will the NAR have pissed away fighting a rear-guard action to get to where BloodhoundBlog was seventeen years ago…?

This amounts to a brag on BloodhoundBlog’s part. Out of seventy-ish contributors, only Brian Brady and I have written here lately \u2013 not very much and not very lately. Our whole server gets hammered when I blog here too frequently. But the blog of the dawgs endures, as witness. Because there is ALWAYS<\/em> something to howl about.<\/p>\n","protected":false},"excerpt":{"rendered":"

You know how it is. The NAR had to get itself sued to death first. Inasmuch as nothing is actually changing \u2013 adamantly, nothing \u2013 that works out to be a decent deal. Rotting giants fall hard, but sic semper tyrannosauris, as we have said all along. Here’s what’s what: Starting in 2006 or so, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,5],"tags":[],"class_list":{"0":"post-19278","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-blogging","7":"category-real-estate","9":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":4418,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/4418\/fannie-and-freddie-fall-to-foreclosure-but-still-lenders-lend\/","url_meta":{"origin":19278,"position":0},"title":"Fannie and Freddie fall to foreclosure, but, still, lenders lend","author":"Greg Swann","date":"September 14, 2008","format":false,"excerpt":"This is my column for this week from the Arizona Republic (permanent link). \u00a0Fannie and Freddie fall to foreclosure, but, still, lenders lend I write this column at the beginning of the week, and it appears at the end of the week. My topics are usually timeless, but, if I\u2026","rel":"","context":"In "Lending"","block_context":{"text":"Lending","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/lending\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":15040,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/15040\/some-black-real-estate-humor-for-friday-we-have-to-destroy-the-village-to-save-it-no-save-it-first-then-destroy-it\/","url_meta":{"origin":19278,"position":1},"title":"Some black real estate humor for Friday: We have to destroy the village to save it? No, save it first, then destroy it.","author":"Greg Swann","date":"September 2, 2011","format":false,"excerpt":"A couple of real estate headlines from the you-have-to-laugh section of the news-nets: From the New York Times, when a bank is too big to fail, you have to rescue it so you can sue it later. Missing, for some reason, from the list of parties to be sued: Barney\u2026","rel":"","context":"In "Big Mother"","block_context":{"text":"Big Mother","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/big-mother\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":14949,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/14949\/reforming-fanniemae-and-freddiemac-with-marx-rotarian-socialist-rent-seekers-of-the-world-unite-you-have-nothing-to-lose-but-your-brains\/","url_meta":{"origin":19278,"position":2},"title":"Reforming FannieMae and FreddieMac with Marx: Rotarian Socialist rent-seekers of the world unite! You have nothing to lose but your brains!","author":"Greg Swann","date":"August 17, 2011","format":false,"excerpt":"Totally cool. An actual newspaper article about America's favorite welfare program, government subsidized mortgages -- and in The Boston Globe, no less:Amid all the clamor about entitlement reform during the struggle to raise the debt ceiling, one enormous cost - and potential source of future savings - largely escaped scrutiny:\u2026","rel":"","context":"In "Flourishing"","block_context":{"text":"Flourishing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/flourishing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":15768,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/15768\/dont-you-love-reading-all-that-good-news-about-the-the-phoenix-real-estate-markets-recovery-guess-what-youre-being-lied-to-as-always\/","url_meta":{"origin":19278,"position":3},"title":"Don’t you love reading all that good news about the the Phoenix real estate market’s recovery? Guess what? You’re being lied to — as always.","author":"Greg Swann","date":"March 21, 2012","format":false,"excerpt":"This is what's really happening: FannieMae and FreddieMac are holding foreclosed houses off the market, in anticipation of \"selling\" them to campaign donors. Meanwhile, the town is being picked clean, with prices being bid up by buyers convinced that houses are going out of style -- a story we've heard\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4812,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/4812\/other-types-of-credit-may-be-feeling-the-crunch-but-home-mortgages-are-still-readily-available\/","url_meta":{"origin":19278,"position":4},"title":"Other types of credit may be feeling the crunch, but home mortgages are still readily available","author":"Greg Swann","date":"October 4, 2008","format":false,"excerpt":"This is my column for this week from the Arizona Republic (permanent link). \u00a0Other types of credit may be feeling the crunch, but home mortgages are still readily available Bad news about the economy is coming in from all directions, so you may be in the mood for some good\u2026","rel":"","context":"In "Lending"","block_context":{"text":"Lending","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/lending\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10203,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/10203\/the-net-effect-of-government-intrusions-in-the-real-estate-market-is-to-create-a-standing-wave-of-foreclosures-amid-steadily-declining-home-values\/","url_meta":{"origin":19278,"position":5},"title":"“The net effect of government intrusions in the real estate market is to create a standing wave of foreclosures amid steadily-declining home values”","author":"Greg Swann","date":"November 1, 2009","format":false,"excerpt":"This from my Arizona Republic real estate column: As I write this, the entire real estate industry is on tenterhooks, waiting to see if the $8,000 first-time home-buyers tax credit is going to be extended. It's not really a tax credit, it's a taxpayer-funded subsidy, a \"gift\" extracted by force\u2026","rel":"","context":"In "Big Mother"","block_context":{"text":"Big Mother","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/big-mother\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/19278","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=19278"}],"version-history":[{"count":4,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/19278\/revisions"}],"predecessor-version":[{"id":19284,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/19278\/revisions\/19284"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=19278"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=19278"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=19278"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}