Fannie Mae-No Politics (FNMA)

[Louie_Louie]

Yank, question for ya...
Do you think the responses that are currently there, will they make a difference in the rule as far as changes? Or, Do you think MC will follow through on the rule as is?
I think he put out an overwhelming figure for capital on purpose to get the mortgage community fired up so they would comment and give himself leeway to change the numbers, without throwing congress and the banking committee into a melt down. Now, I'm not so sure. In the current form the rule will absolutely make mortgages less affordable for all, as Howard has said.