Fannie Mae-No Politics (FNMA)

[Dollars1]

"Affordable housing lending did not get the GSEs into trouble. While Fannie Mae and Freddie Mac purchased some subprime loans, they also made sound affordable housing investments in partnership with HFAs that have performed well and helped address unmet housing needs. The Federal Home Loan Banks’ partnerships with HFAs did not contribute to their financial difficulties. Further, the GSEs’ multifamily lending operations have been an unqualified success, supporting a liquid multifamily financing market and turning a consistent profit, including during the economic crisis."

http://www.ncsha.org/resource/2015-message-housing-finance-reform