Fannie Mae-No Politics (FNMA)

[camaro4me]

This will force the gov't to push $100s of billions to FnF. Just a simple line item entry in the bill.

MORTGAGE SERVICERS WILL FORCE THE SUSPENSION OF COVID-19 BILL.
The bill stipulates that FnF's mortgages are "federally backed mortgage loans". That's false. Their Charter explicitly states that the U.S. Govt doesn't guarantee their securities and thus, their underlying mortgages.
This bill will make the mortgage servicers continue to fund the MBS obligations despite suspending the mortgage payments of borrowers (forbearance), prompting a liquidity problem.
The odds are that they will challenge the COVID-19 bill, increasing the suffering of the population.