Fannie Mae-No Politics (FNMA)

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Civil Rights, Consumer Groups Urge FHFA to Recapitalize Fannie and Freddie

"Our organizations are deeply concerned that under the Preferred Stock Purchase Agreements with the Treasury Department, the capital buffers of Fannie Mae and Freddie Mac will be completely eliminated by the end of 2017," said the letter to FHFA Director Mel Watt. "This course of action is likely to destabilize the housing economy, undermine efforts to make housing finance more accessible and affordable, and drive up the costs of homeownership."


http://www.nationalmortgagenews.com/news/secondary/civil-rights-consumer-groups-urge-fhfa-to-recapitalize-fannie-and-freddie-1079147-1.html