Fannie Mae-No Politics (FNMA)

[Dollars1]

"Financials:
It takes a long time to develop a housing project, and that pipeline stopped in the recession. This has contributed to a lack of housing inventory.
“this idea about lack in inventory is becoming a bigger issue in more places…The life cycle of building a home is not the cost or time you use, put the sticks up or you build. You have to get convince a farmer, if it’s a raw land, the sell the land and him to get it plotted and then you have to get it improved with sewer, and streets and so forth then you have to find build it once or build on it or and then you build it so. It’s a fairly long life cycle and a lot of that didn’t happen, lot of that stopped, as a result of lot of foreclosures on the market. So getting the inventory flow working again takes some time.” —Wells Fargo (Bank)
Mortgage markets have benefitted from clarification of rep & warranty policies by GSEs
“We’ve had some policy changes at the GSEs where we know now more about when risk transfers, so the credit boxes opened up a bit for that reason” —Wells Fargo (Bank)"

http://skrisiloff.tumblr.com/post/120777824830/heres-what-ceos-said-about-the-economy-this-week