Fannie Mae-No Politics (FNMA)

[Dallas66]

Reply from my Congressman. Wow, I guess we know where he stands

This came from Yahoo msg board. It's obvious some of our political leadership still has a death wish for FnF.

*************

STEVE STIVERS
15th District, Ohio
FINANCIAL SERVICES COMMITTEE
February 20, 2015


Mr. Me
Dear (wnu09):

Thank you for contacting me regarding the Federal Housing Finance Agency's (FHFA) conservatorship of Fannie Mae and Freddie Mac. I appreciate the opportunity to respond to you.

Fannie Mae and Freddie Mac as Government Sponsored Enterprises (GSEs) are huge liabilities for the U.S. taxpayer. As a member of the House Committee on Financial Services Committee, I have worked to support legislation and signed onto letters that call for fiscally-sound housing policy and proper risk management.

With our national debt at $18 trillion, we simply must end the bailouts of the past, especially given that the GSEs were the most expensive government bailout in the history of the United States. The Financial Services Committee, last year advanced a bill to rein in Fannie Mae and Freddie Mac, specifically H.R. 2767, the Protecting American Taxpayers and Homeowners Act of 2013.

H.R. 2767 would appoint FHFA as receiver of Fannie Mae and Freddie Mac to carry out mandatory receivership, thus terminating the current conservatorship and the total profit sweep by Treasury. I supported this bill when it was voted out of the Financial Services Committee, however it was not acted upon by the full House before the end of the 113th Congress.

Please be assured I will continue to keep your concerns in mind as this and other similar legislation moves forward in the 114th Congress.

Again, thank you for sharing your views with me. Please do not hesitate to contact my office if I may be of assistance in the future. For additional information on where I stand on the policies and issues before Congress, please sign up for my e-newsletter at: www.stivers.house.gov. You can also follow me on Facebook, Twitter and YouTube.
Sincerely,

Steve Stivers
Member of Congress