Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

Here's Edward J. Pinto (2015), talking about the origination and emergence of the 30 year prepayable at anytime Fixed Rate Mortgage, did the Gubmint create it? Yes, and American Homeownership Rates increased:

"FHA introduced the 30-year, self-amortizing mortgage during the 1930s, which along with low-downpayments, helped raise the homeownership rate from 43.6% in 1940 to 61.9% in 1960."

https://www.aei.org/housing-center/housing-finance/housing-finance-fact-or-fiction-fha-pioneered-the-30-year-fixed-rate-mortgage-during-the-great-depression/

Damn! "These people" should be paying me rent instead in my latest housing development for rent, Pottersville! HeeeeHeeee !