Fannie Mae (FNMA)

[Robert from yahoo bd]

I've always been thankful to the ICBA to get us out of jail administratively, but the 'financial establishment' as TH calls them, calls for the US Congress to start handing out government guarantee charters to promote more competition in the MBS market (which is really why we had a financial crisis in 08 to begin with, PLMBS was rated AAA).

MC, SM, SLT, MW, and others keep selling the message US Congress is the Solution while they allegedly 'prepare the GSES for exit from the conservatorships'.

The National Association of Realtors or NAR (represents 1.7 million Realtors) hasn't changed their position either, they are looking for the US Congress to: " It is time for Congress and the administration to
work together to chart a durable course for the finalization of secondary market reform."

https://www.nar.realtor/fannie-mae-freddie-mac-gses/nars-vision-for-housing-finance-reform

The Mortgage Bankers Association maintains: "MBA supports comprehensive legislative reforms that would fix the structural flaws of the GSEs' pre-crisis business models while preserving what works in the market today."

https://www.mba.org/advocacy-and-policy/residential-policy-issues/fannie-mae-and-freddie-mac-policies-and-programs

I believe that these two giant lobbyists can outgun the ICBA any day of the week and would likely have more sway with the major decision makers in the federal government.