Fannie Mae-No Politics (FNMA)

[navycmdr]

Short Takes: Negative Feelings on GSE Reform / Zero Capital is Not An Issue /
GSE Subcommittee Chairman Garrett May be Vulnerable

By Paul Muolo, Brandon Ivey [e-mail], [e-mail]

A poll of IMFnews readers finds that 68 percent are feeling quite pessimistic about GSE reform passing in the next four years, no matter who wins the presidential election.

And roughly 24 percent believe that reform of Fannie Mae and Freddie Mac
likely won't happen in their lifetime

Some industry officials believe that if Hillary Clinton wins the White House she will take a hands-off approach on Fannie and Freddie, maintaining the status quo.

Collingwood Group CEO Tim Rood told us that officials at the GSEs believe zero capital
(set to happen in 2018) is a ?non-issue? and that if Clinton wins the Democrats will buy it.

Rood once worked at Fannie Mae? One possible change coming to Fannie and Freddie is
Congressional oversight.

Rep. Scott Garrett, R-NJ, who chairs the Subcommittee on Capital Markets and Government Sponsored Enterprises, is considered vulnerable and could lose to Democratic challenger Josh Gottheimer, a former speech writer for Bill Clinton?