Fannie Mae-No Politics (FNMA)

[Wise Man]

Has the White House turned into a think tank?
The White House NEC Director, Lael Brainard will attend an event at the Urban Institute headquarters next Tuesday, to promote this think tank.
It turns out that Biden's proposal at the SOTU speech, contending that FnF self-insure the Title Insurance, was written by UI three months earlier:https://www.urban.org/urban-wire/rethinking-title-insurance-could-dramatically-lower-costs-homebuyers
Has the White House ever met with the Judiciary Committees in the Senate and the House, or with the Democrats in Congress to pull ideas together, instead of meeting with these lobbyists, whose interests aren't aligned perfectly with the broad interests of the American economy?

This is why Bradford and Timothy Howard are harassing UST secretary Yellen, in favor of Lael Brainard.
"Yellen is clueless on housing" from Bradford.
Timothy Howard in one of his latest comments in his personal blog. We can read how he tries to discredit secretary Yellen, when she said "not knowledgeable" when asked about the possibility of monetazing the Warrant. She simply wanted to stress immediately after, that "she has staff that spends great amount of time thinking about it", and aiming to favor the hedge funds' choice, Lael Brainard, when he emphasized that he wants "the initiative to come from outside the FHFA and the Treasury, someone at the NEC, CEA or potentially the Office of the President"


This is why the hedge funds' social media crew repeats that POTUS is the one to release FnF from conservatorship, by the way, when it's an issue solely of the conservator, working with Congress as it was chosen by the UST in 2011, a Privatized Housing Finance System revamp for the release, at the request of the Dodd-Frank law, and there are many scenarios to ponder.

Urban Institute is a Special Interest Group doing political lobbying in broad daylight, with all the Investment Banks and hedge funds backing it up.

They know the trick in CARES Act of "Federally-backed mortgages", making sure that they don't change the reality of mortgages 100% guaranteed by FnF themselves and not by the United States, as expressly written in the Charter Act.


This is why the say "backing", but it refers to FnF having a UST backup as a last resort in their congressional charter that later they conceal, in exchange for a Public Mission regarding secondary market operations, not to waive protections like the Representations and Warranties obligations by the sellers of mortgages to FnF, self-insure the Title Insurance or to come up with a Title Opinion letter signed by attorneys, instead of a formal deed signed by a notary. 3 ideas pointed out in the UI's piece.

- The Charter Act doesn't authorize FnF to self-insure the Title Insurance.

- The FHEFSSA of 1992 "CONGRESSIONAL FINDINGS" section, requires FHFA to have sufficient autonomy from these Special Interest Groups (let alone the "Meeting with Moelis and Company LLC"


- HERA makes clear that the FHFA (as successor of OFHEO) is established as an independent agency of the Federal Government. It hasn't changed with the SCOTUS opinion.