Fannie Mae-No Politics (FNMA)

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What will the Biden administration do about Fannie Mae?

Bove explained that the Brookings Institution’s report on the GSEs changes the narrative in the discussion. Instead of focusing on the need to recapitalize and release them from conservatorship, it describes the housing problems faced by low-income households.
The Brookings Institution accuses the government of not living up to its concepts of equality and participating in discriminatory behavior in housing. It goes on to suggest that Fannie Mae and Freddie Mac are the tools the Biden administration needs to right the wrongs perpetrated by the government. The authors say the GSEs can change the outlook for the future by providing the funds required to house low-income families.