Fannie Mae (FNMA)

[navycmdr]

GSEs not gong anywhere !!!! - WSJ

Dec. 18, 2017 8:22 AM ET|By: Stephen Alpher, SA News Editor

-- There appears to be at least one thing the Trump administration and lawmakers from both sides of the aisle agree on: Reforming Fannie Mae while
keeping both at the center of the U.S. mortgage market, reports the WSJ.

-- Proposals to wind the two down finally appear to be fully dead, and bipartisan legislation on reform is expected early next year.

-- The "about-face" is hardly a surprise to those in markets, or - for that matter - anyone with even the most minor aptitude about how governments or bureaucracies function.

-- Even if the reform proposal goes nowhere, support for the GSEs isn't considered at all toxic in D.C. anymore - after all, they're now regularly profitable and have more than paid back their crisis-era bailouts.