Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

On a $300,000 loan the low and moderate income American family will pay $300 the first year, $290 the second year, $280 the 3rd year, etc. There's also a 4.5 basis point Housing Trust fund fee, so $345 the first year, etc. This goes on until the gse borrower pays off the loan.

I'm sure these hard working American families could use these funds for other purposes.

For the 9 months ending September 30th, 2021, Fannie Mae alone paid $2.27B to the UST for the Payroll Tax Cut 10 bp fee enacted in 2011 and set to expire this year. Fannie also ytd sent up to $861 million to the Housing Trust fund.

That's alot of dough...