Fannie Mae-No Politics (FNMA)

[arkup]

Certainly as no one is omnipotent, one is surely not cognizant of what Waters will say either. However, look on the bright side, this is the most progress since 2008 to get housing reform done. Have we not realized that GSE's are necessary market participants in order to provide liquidity? Why should the private investors not be compensated for providing the investment to provide this liquidity as was the original intent of privatizing them. The bills statements are not unreasonable. Provide broader powers to FHFA director to regulate servicers and ensure that foreclosed account owners are properly notified of their rights. I'm ok with that though its also possible in the near future the FHFA will be declared unconstitutional.

The bill pertaining to the extension of the restriction to alter the pspa's is of most interest. Did it expire in 2018 and though Congress worded they wanted legislation passed is it enforceable to not alter the agreement now that the window has passed? The language is contradictory and perhaps a legal expert could shed some light on:

Public Law 114–113; 129 Stat.6 3025

pg.784 (ctrl-F for fannie mae)





I think this is a good opportunity for bipartisan cooperation and I look forward to a productive discussion to fixing housing tomorrow.