Fannie Mae-No Politics (FNMA)

[capitalismforever]

They absolutely do. In legal filings they are stating they can act as receiver "or "conservator. They are also attempting to sell off their assets and divert 100% of their income to the US treasury in lieu of building Captial or paying off the initial "loan" which they now call an "investment." They are by no means acting as they should be as conservator.

The FHFA can act as conservator or receiver. They were granted that authority through HERA. They're selling their assets off because those assets carry tremendous risk. They shouldn't be in the business of owning assets. They should be limited to insuring mortgages through mortgage backed securities. That is a less risky business and where they recieve nearly all their profit from. They were created to secure the housing market, not to own it. Nearly all of their loan loss reserves are from the assets they own. That equals $23b of risk, currently.