Fannie Mae Preferred S (FNMAS)

[CatBirdSeat]

Caught that. I've been going through all it all. I can see this bill getting a lot of opposition. It could be very well be just a lot of political chest thumping.

I mean really,... do they really think this FMIC is going to do a much better job, be more efficient, and cost less than Freddie Mac and Fannie Mae that have worked well for decades prior to the housing crisis?

He states after the so called certification date the mandatory receiver ship would occur; which could be up to 5 years.