Fannie Mae-No Politics (FNMA)

[Louie_Louie]

Well....so far this administration has turned 401k's into 201k's, or for some 101k's. Housing prices are now starting to fall drastically, so more of your wealth evaporating and much higher interest rates soon to negatively affect those with adjustable rate mortgages, and home buying will drop, no one knows how badly though. Also a Clowngress and Senate that passed a massive infrastructure bill under this administrations push, only now to see much of that money being put towards and evaporating by record diesel cost and not the roads building. There are zero electric back hoes, crains, front end loaders, cement trucks, etc. On top of all this, record inflation which is actually reported 2 to 3x lower than it actually is. And a world laughing at our leadership!

Yet on here we have folks (mostly JPS holders) actually advocating and cheering this administration to do an administrative release! Absolute suicide move. You may as well grab a knife and cut your own throat, because that's exactly what the outcome will be by supporting any action on the GSE's by the current administration. I do believe midterms will start to provide us a true path out of this mess. Then 2024...I know, more waiting and no one is getting any younger, but moving in haste on this will not be good for any of us.