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Glad to hear you finally talking about FNMA

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Daxxer   Friday, 10/03/14 12:58:15 PM
Re: Donotunderstand post# 252299
Post # of 690477 
Glad to hear you finally talking about FNMA and FMCC instead of simply spewing political rhetoric.

Since you bring it up, how is it that once the subprime loans ("affordable" for the lo/no income crowd) were no longer being stuffed down the GSE's throats at direction of THIS AND PAST administrations, suddenly Fannie and Freddie start to become profitable? And grow in profitability as the guidelines became clear on what paper they would now accept from banks? Clearly forcing the GSEs to dumb down and allow loans to be made so that "affordable" homeownership was available to ALL, doesn't work.

And you seem to want FnF to do it again? Yeah, ok.

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