Fannie Mae-No Politics (FNMA)

[jacklanvo99]

To be sure, Investors Unite’s chief concern – following the law and upholding the rights of shareholders in Fannie Mae and Freddie Mac – is too granular for a party platform. Nonetheless, Schoen’s poll did raise the issue. He found that those surveyed think what is happening to shareholders is emblematic of a system that is largely rigged and unfair. When asked about the Net Worth Sweep, a plurality (47%) of likely voters said they believe the sweep takes funds that could be used to increase the availability of mortgages and is a violation of shareholder rights. This perception was especially strong among Black voters. Overall, nearly two-thirds (63%) of likely voters believe the rights of shareholders and investors in Fannie Mae and Freddie Mac should be protected from the government.

Regardless of which party prevails this November, these surveys reveal a nation eager for their elected officials to take up the last and perhaps most important piece of unfinished business from the financial crisis and recession. It is impossible to extrapolate directly from the data but it is reasonable to assume that upending housing finance, carelessly abandoning shareholder rights, and turning Fannie and Freddie over to the whims of big banks without evidence it will help average Americans is not the kind of reform people want.
http://www.valuewalk.com/2016/07/fannie-mae-housing-affordability/