Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

He makes some solid points. Having Major Economic Questions affecting the backbone of the US Housing and Secondary Mortgage Market decided by one DC Bureaucrat at FHFA (controlled by the POTUS) with ZERO public hearings and accountability coupled with the political policies of whatever regime is in power, is a recipe that does not bode well for Americans generally and the Mortgage Finance Industry in particular.

Especially when Administrative political policies are contra to fundamental mortgage underwriting principles.

Shouldn't HUD and FHA be funding these Higher credit risks instead of making hard working American Families with better credit scores and down payments pay the costs?