Fannie Mae-No Politics (FNMA)

[Always wondering]

That last paragraph looks like a takeaway from the obama speech in Phoenix just a month or two ago. Probably quoted heavily from it. The lending practices comment was as well.

http://www.whitehouse.gov/the-press-office/2015/01/08/remarks-president-housing-phoenix-az
"But I’ll never forget the day we bought our first place, a place of our own -- a condo, back in Chicago. And for us, and millions of Americans like us, buying a home has always been about more than owning a roof and four walls. It’s about investing in savings, and building a family, and planting roots in a community."

"And that’s why we had the Justice Department fight for buyers who were discriminated against or preyed upon, and we won a settlement that awarded more money to victims in one year than in the previous 23 years combined. (Applause.) That’s why we worked with states to force big banks to repay more than $50 billion to more than 1.5 million borrowers who had been treated wrongly -- and that was the largest lending settlement in history. (Applause.)

"And that’s why I’ve called on Congress to wind down the government-backed companies known as Fannie Mae and Freddie Mac."

LMAO