Fannie Mae-No Politics (FNMA)

[FOFreddie]

Thanks Guido! Great Post!

Arent the GSEs also collecting a surcharge tax on all mortgages - BO passed that legislation? Rather than lower the costs of home mortgages the BO Admin just used them as a piggy bank and no one has done anything sense.

Congress should repeal HERA and assign any NECESSARY supervision to the FED and UST. Maybe 10 to 20 Employees only?

When Congress repeals they should make it clear that they never intended give a Federal Agency "Special Conservatorship Powers" No DEI and no SPECIAL rights to take private capital. Congress intended the Conservatorship to be like the FDIC powers not "Special" - dangerous precedent set by SCOTUS that Congress should annihilate NOW.

Get rid of the Conservatorship by repealing HERA - keep capital standards - and selling the GSEs back to private investors.

SHUT THE FHFA DOWN!