Fannie Mae-No Politics (FNMA)

[kilshaw]

Folks we have a Republican congressman on the House Committee of Financial Services spearheading a plan to recapitalize FNF whereby aligning him with multiple lawyers in the FNF saga, Obama golfing buddies, democrat leaders and community spokespeople (Sharpton.. cough.. cough..) urging the recapitalization of these two institutions due to their ability to bring homeownership to communities where otherwise inaccessible.

The solution here is public private partnership and the right amount of strategic regulation in lieu of the current model of government urging no lending standards, high risk absorbed by the private institution(s) / investors of securitized products and inevitable conservatorship of the failed institutions. They need FNF capitalized in order to do that.

About to see a slow buildup of support in congress here once the Administration gets behind it. If they can garner enough support to pass a sh*tty Iran deal, they certainly should be able to get enough support for this since it will ultimately help minorities and lower income folks.

About to get on the phone with Mulvaney's office to inquire about his FNF recapitalization initiative.