Fannie Mae-No Politics (FNMA)

[Wise Man]

Third part in the sequel to "navycmdr never learns".
Entitled: "French Hill road".
Navycmdr was told to post a bill introduced in congress in 2016 by representative French Hill, that would amend the Wall Street Reform and Consumer Protection Act of 2010 (Dodd Frank Law) in order to

force Treasury to study this issue and present its recommendations to Congress at least once a year, creating engagement on the best path forward on housing finance reform to end taxpayer exposure and ensure access to mortgage credit for Americans.”

Which basically is another attempt to supplant the existing mandate in the same Dodd-Frank Law, because it's a replica:

Require Treasury to conduct a study and submit recommendations on ending the Conservatorships, no later than January 31, 2011.

and subsequent UST/HUD Report to Congress that linked it to a Private Housing Finance System with 3 options, which means Basel framework and where the guarantee fee hikes, according to the Treasury in the report, were an essential part to that end, in order to make FnF reflect the actual credit risk assumed and thus, subject to the same capital standards as the fully private sector. A level playing field would bring in more private capital to compete with FnF.
If you can't read between the lines, it means to reduce the reliance on the UST backup of FnF with an endpoint of Charter revoked, which is also what rep. French Hill requires in the bill with "end taxpayer exposure", posted above.
Don't miss the first part of the sequel and the second part "Navycmdr never learns: $Town $Hall $Call".
This is the original and only mandate by law, and the report to Congress. 12 years in the making. The politicians and officials can't change what has already been started.