Fannie Mae-No Politics (FNMA)

[bcde]

"To be sure, it’s not up to just Calabria whether mortgage servicers receive a bailout. That’s because the Fed and Treasury don’t need his sign-off to start a lending facility."


MBA lobbyists and fellow travelers are working hard to make sure that FnF deplete all their capital and delay the release. MBA is more worried that FHFA is more focused on FnF building their capital to end conservatorhip.

Forbearance is a Gov relief program and it should be the Gov (Fed or UST) that should provide necessary bailouts to these service providers.

The problem seems to be service providers are unregulated entities and the formalities need to be worked out for Fed/UST to provide help.