Fannie Mae-No Politics (FNMA)

[philipmax]

RickNagra I understand your reply. As it stands right now, Frank-Dodd is hampering the TBTF banks from initiating numerous types of loans, so they use intermediary outfits such as NEWTEK Corp, to originate and consolidate loan applications- including mortgages - into securities that they are permitted to own. I can contemplate a scenario where these small originators/consolidators will be set up as schills to 'share' the mortgage business with F&F. In this manner, the small Main Street people would feel comfortable with the new arrangement as it would disarm their fears that the Big Boyz are taking over. Trust me, the Big Boyz ARE taking over. They will just hide behind the facade of 'hands-off'.

Of course, all of this is pure speculation on my part and should be treated as such.