Fannie Mae-No Politics (FNMA)

[bmp152]

The FHFA cannot and should not support this bill, even if by some miracle it was ever passed.

As conservators of FnF, the FHFA has one duty, that is to return these companies to solvency. They act in the best interest of FnF, regardless of national economy, federal budget, housing market, some politicians' next election votes, etc.

In my opinion, they took a big hit with that 3rd SPSA amendment, allowing the dividend sweep (but they had to prevent future treasury draws during periods of negative profit). I think they know they've been screwed over once, and now they're clearly calling for the end of cship.

They have cautiously applauded the work of Warner and Corker to get discussion about GSE reform moving but have basically said it will not happen in the manner as currently drafted.

http://fhfa.gov/webfiles/25331/FHFAStatementonCorkerWarnerBillFinal.pdf