Fannie Mae-No Politics (FNMA)

[LuLeVan]

Pagliara was wrong in his January 2 tweet (below). This week, Lael Brainard confirmed that the Biden administration won't do anything to release the twins in 2024.

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7. Biden will start the recap and release process, claim credit for solving the housing crisis, and appropriate the 100 billion warrant money to congressional districts in a variety of programs to address affordability but more importantly SUPPLY. This is the easiest big idea win available in the current election cycle.

Here is the set up for 2024 GSE Recap and release- a series of steps that will take 18 months or longer.
1. National Shortage of Single Family homes. Most estimates 5,000,000 or more.
2. Affordability at all time low.
3. 30 year mortgage spreads historically high. With the 10…

— Tim Pagliara (@timpagliara) January 2, 2024