Fannie Mae (FNMA)

[bcde]

"Privatization of the Housing GSEs"

Obi,

FnF and SLM are fundamentally different in many aspects.

FnF loans are based on Physical properties whose prices varies over a period of time. In case of SLM there is no such thing to compare even though repayment depends on good employment market in both the cases.

Home owners can wipe out their loans through bankruptcy but not students.

FnF end consumers are much diverse and much more in numbers compared to SLM market. FnF consumers need to have good credit history but students have hardly any credit history.

So applying SLM real privatization experience may be simplifying to much to apply to FnF.