Fannie Mae-No Politics (FNMA)

[navycmdr]

it was interview today on CNBC TV w Treas Sec Mnuchin -

https://www.cnbc.com/video/2020/09/14/treasury-secretary-steven-mnuchin-on-oracle-winning-bid-for-tiktoks-u-s-assets.html

MNUCHIN ON HOUSING

HOUSING IS NOTHING LIKE IT WAS DURING THE FINANCIAL CRISIS.
THAT WAS A SITUATION WHERE YOU SAW A TREMENDOUS AMOUNT OF
OVERLEVERAGED LENDING, YOU SAW REAL CREDIT PROBLEMS. WE'VE
HAD A COMPLETE CHANGE ON THAT.

WE HAVE A SITUATION WITH GSE REFORM WHERE THE GSEs, BOTH
FANNIE MAE AND FREDDIE MAC, HAVE ALLOWED FORBEARANCE FOR
PEOPLE AFFECTED BY COVID. YOU SEE THE PRESIDENT'S EXECUTIVE
ORDER THAT IMPACTS OVER 40 MILLION RENTAL UNITS.

SO I THINK HOUSING IS THE BRIGHT SPOT OF THE ECONOMY.