Fannie Mae (FNMA)

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I had a lunch meeting with the Vice President of Mortgage Banking from Chase Bank today. My company is partnering with Chase to use thier services and combine marketing together in the home lending division.

I told him about Investors Unite and he knew about us in DC last week. He also said he is part of the Coalition for Mortgage Security which has the same cause.

They are also fighting that the govt doesn't eliminate Fannie or Freddie... He said no retail bank will survive if thier use thier own money and will go bankrupt as they cannot support a 30 year mortgage with low interest rate. He said they have portfolio loans but they can only service a limited amount. They need to keep liquid.

There is to many supports in keeping Fannie and Freddie and these "Bills" are all smoke and mirrors... The Court will bring justice so hold tight onto your shares...

Fnma