Fannie Mae-No Politics (FNMA)

[kthomp19]

I've wondered for a while if anyone will bring a lawsuit over FHFA similar to CFPB, seeking to give the president the authority to fire the FHFA director at will. Depending on how soon the Supreme Court rules on the CFPB appeal, it's possible that Trump could fire Watt legally before Watt's term expires.

I hope, though, that none of that is necessary and that Watt will follow Mnuchin's orders as faithfully as he did those of Lew. I don't think we have any evidence that Watt wants the status quo to continue. On the contrary, he has said that the dwindling capital buffers are a danger to FnF and that the law "got trumped" with the NWS.