Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

"Pinto expects the Biden administration to reprise the actions Mel Watt took during his stint as the Federal Housing Finance Agency director, namely keeping Fannie Mae and Freddie Mac in conservatorship.

"We also will see a push for Congress to pass first-time buyer down-payment assistance on 30-year loans, which we think would be a terrible policy decision as those subsidies would just get capitalized and [lead to] even higher prices," he said.

He anticipates an expansion of the low-income housing tax credit as well as housing vouchers being made an entitlement."