Fannie Mae-No Politics (FNMA)

[CatBirdSeat]

LOOK WHO WANTS CONSERVATORSHIP TO END NOW!


ARP: Membership 37,000,000+
ACLU: Membership 500,000 members
AFL-CIO: Members 11,525,023 (2012)
UAW: 390,000 active members and more than 600,000 retired members
NAACP: Membership 300,000 (2011)
NOW: 500,000 contributing members (largest organization of feminist activists in the United States)

http://civilrightsdocs.info/pdf/policy/letters/2014/FHFA-letter-10-28-14.pdf

In light of this, in order to ensure the best path forward for increasing homeownership in the communities
we represent, we believe it is vital to initiate serious discussions about unwinding the conservatorship and
allowing Fannie and Freddie to begin rebuilding their capital. Both agencies have become profitable, and
could remain so while still giving the taxpayers a large return on the government’s investment. We are not
suggesting this be done without significant reforms to ensure that all markets are being served fairly, and
without important safeguards for the taxpayer. Fannie and Freddie can be fixed; discarding them in
entirety would be a colossal mistake.