Fannie Mae-No Politics (FNMA)

[JOoa0ky]

Precisely.

Once again, legal routes are all DEAD. Most probable catalyst is administrative action. The mortgage industry is losing their undies over the mortgage rate spreads from treasury yields. Dave Stevens is pounding the table right now.

Release of FnF and resumption of MBS buying will narrow the spread and single handedly drop mortgage rates by probably about 1.5%

Imagine Biden going into the elections with that headline: Joe Biden brings mortgage rate relief by lowering it 1.5%

And then couple that with the fed stating there will be 3 rate cuts next year.

Is this not election priming or what?