Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

True, Elizabeth Warren (much to the chagrin of a Dr. Mark Calabria, Senator Shelby's right hand man) also fought to keep the twins going in the onslaught of mostly R (with some D's, including Mark Warner) lawmakers calls to drive a stake through the hearts of the twins.

BUT, (1) take a listen to Rep. Foster from Illinois (he's like the ranking minority on the House Financial Services Committee) and his determination to keep the twins necks under the boots of the federal government and any gains to their beleaguered shareholders.

(2). CLEARLY Obama's Treasury pressed Ed Demarco hard on mortgage loan forgiveness to be paid for with funds extracted from the balance sheets of the GSES. To his (and Watt's credit) he refused. The NWS, which keeps them in perpetual CONservatorships was invented by the Obama Administration.

(3). The last time Sandra Thompson testified on the hill, which side of the aisle kept asking her about ending conservatorships? Which side was mostly silent or indifferent?

(4) Look at the Fannie Mae 3Q23 Financial Supplement and witness the 50% rise of loans with FICOS below 680, who do you think was behind that? And their JUST GETTING STARTED!

Fannie Mae and Freddie Mac under the federal government's unclenching grip of the over 15 year CONservatorships are just extensions of the federal government subject to the whims and desires of the Executive Branch of government.

If Sandra remains the FHFA Conservator for the next 5 years, Fannie Mae and Freddie Mac will get more deeply involved with funding initiatives at the expense of the GSES balance sheets to fund benefits for their targeted political voter base.