Fannie Mae-No Politics (FNMA)

[Louie_Louie]

Took'em long enough to call out the Non-CONservatorship, illegal FHFA shenanigans! It would have been even better if the senators on that letter had a scotus suit challenging the FHFA's policy mandate attached. This is why release will get done, I thiink. Too much manipulation of the GSE's with each different administration or FHFA head. It keeps signaling constant disruption to the mortgage markets, which in turn drives up cost because of having to implement flavor of the day policy tactics. I believe this is why the different large mortgage places/organizations and banks are getting more involved, more vocal.

Each party trying to destroy the GSE's with their own rules, regulations or other nonsense mandates. Calabria with his 4% capital rule, now Thompson with racial housing mandated marching orders. It took them a couple FHFA heads and a few court cases to establish how each party would manipulate the GSE's.