Fannie Mae-No Politics (FNMA)

[bmp152]

Guys, here is proof that FnF are not going anywhere anytime soon.

"Freddie Mac has ambitious plans for the product and hopes to issue multiple deals this year, according to a pre-marketing announcement. It plans to become a programmatic issuer of the structure by 2014.

It is also widely expected that Fannie Mae, the larger mortgage GSE, will come out with a similar and coordinated product very shortly."

http://www.cnbc.com/id/100852736

I love it. Instead of FMIC, why not let Fannie and Freddie recruit and raise the private capital needed to back mortgages. They could then charge some nominal fee for seeking the capital and still make bank while keeping the loans off of their books and 'reducing their footprint in the marketplace'.