I’m not shocked.

Fannie and Freddie plunge again, according to this article on CNN Money.

Chris pointed this out to me and said “didn’t you predict this over a week ago?” The short answer: yes. Even then I was asking “how does this make sense?” Now we’re seeing proof that it doesn’t.

The bottom line is – if people cannot pay their mortgage, don’t go slap more fees and interest on their already-stretched budget. Believe me, I know how difficult life is right now. I’m a work-at-home-mom with a husband who works and lives an hour away through the week to pay for a house he doesn’t even get to live in. Even though we are on a strict budget, we got behind on our house payment for 3 months and someone came out to take pictures of our house in order to “proceed with the foreclosure.” We were able to call them to work out a repayment plan, but do you have any idea how scary that is?

Ok, I have more work to do so I can’t really give my “full” opinion on what ridiculous business decisions big companies make in situations like this, but there’s the general idea