Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

I think it may be a tough sell for many politicians to understand how conceptually, releasing the gses is in the their best interests for increasing access to affordable housing and will likely be hit with a hard sell from the financial establishment that canceling the SPSA is a giveaway to the evil hedge fund guys....

You would think at this point after incurring Adverse Market Fees, limits on 2nd home and investor properties, and GFees 2x what they were when private corporations, that they would see it is in the financial establishments best interests to exit conservatorship.

The MBA, NHBA, and NAR seem to want it, but portfolio lenders like JP Morgan, Wells, and others may like the higher fees the way they are for their competition of mortgages with the gses.

We'll see what happens.