Fannie Mae-No Politics (FNMA)

[big-yank]

The part I am troubled by is that as long as the conservatorship remains, the government has its hands in everything Fannie. I have long stated that the sweep was an overreach by government. But who knows what else FHFA and government can dream up to constrain the GSEs. The departure of several board members strikes me as problematic and indicative of no release being in the offing, anytime soon. That's a purely "gut" view, not based on anything concrete.

The worst scenario for everyone is a perpetual detente between the affordable housing legislators and the Grover Norquist "wind down" legislators.