Fannie Mae-No Politics (FNMA)

[big-yank]

I am a Yankee fan. You have to trust me on this. Joe Girardi warms up his closing ACE during batting practice.

Back to Fannieland, defaults are always low during periods featuring declining interest rates and rising home prices and stable or improving unemployment rates. A Fed-manipulated recovery featuring near zero interest rates for the duration of the recovery is not normal or sustainable for the next 30 years of mortgage loan originations.

There are some thoroughly scary whispers floating around about how much of the housing "recovery" was either investors diving into the rental market, or, house flippers using HGTV magic math to stimulate activity in key markets with low on-the-market existing home inventory.

Bubble, maybe?

JMHO.