Fannie Mae-No Politics (FNMA)

[rach22]

Why is Hensarling so bad for FnF? Pardon my ignorance, but I don't see how he's really that bad for them, especially in context of Trump.

From 2010:

"My bill would end the conservatorship for both GSEs within two years and, if they are financially viable, allow them to resume operations for a transition period of three years. It would also permanently repeal the GSEs’ misguided affordable housing goals mandate, which pushed the GSEs to purchase poorly underwritten loans for which taxpayers are now footing the bill.

During the transition period, the GSEs would face phased-in new limitations, including smaller portfolio holdings, increased minimum capital requirements, minimum loan down payment requirements, and tighter limits on the size of mortgages that can be securitized.

At the end of the transition, the GSEs’ government-granted charters would expire, and they would be required to operate on a level playing field with their private sector competitors without government subsidies."