Fannie Mae-No Politics (FNMA)

[Donotunderstand]

WOW

They say it publicly

The way we can compete against F and F is to lower our quality standards

They say it publicly

And likely - no one cares until the next crisis - all in the name of Reform?

But Sargent is starting to wonder if the PL RMBS market has matured to the point where it could gain more efficiency by relaxing its due diligence slightly.


slightly pregnant ?

some one define please ----- relax our due diligence (income - assets value - down payments) SLIGHTLY

Why do we not learn?