Fannie Mae-No Politics (FNMA)

[Louie_Louie]

What private investor do you know who will back a competitor of the GSE's, that is willing to fund an outrageous amount of capital? This is why competition talk is dead. No one can afford the start up cost, no one wants to tie up billions or 10's of billions in capital account doing nothing but providing insurance for a rainy day.

Then there's the shadow of the government constantly overhanging your business and the potential for them to sweep in and take you over.

Honestly...who in their right mind would be a competitor after studying the current GSE's political and financial requirements?