Fannie Mae-No Politics (FNMA)

[Cubshawk]

Fannie-Freddie Talks Focus on Finding Rivals for Mortgage Giants

By Joe Light December 15, 2017, 1:00 AM PST

Senators want to keep U.S. control until competitors emerge

-- Corker-Warner proposal aims to lower barriers to market entry

-- A pair of U.S. senators is determined to entice more companies to compete with Fannie Mae and Freddie Mac in the housing-finance market.

If no rivals develop, the mortgage-finance giants could remain where they are now: under government control.

That makes a lot of sense (not)-- they claim the reforms are designed so that no one company is too big to fail. But that's the nature of the beast - it requires a gigantic company with deep pockets to insure a massive mortgage market.