Fannie Mae-No Politics (FNMA)

[Cash47873]

It's very crazy.

"The Obama Administration Wants Banks to Stop Being So Uptight About their Mortgage Underwriting. How Crazy is That? "

Obama is trying to sound like a democrat in support of "fair housing" but would rather that this come at both the risk and the benevolence if private banks.

I can tell you that I bank with a community bank for my business and a credit union for personal. My new 30 yr loan is held by that community bank. There is no way the private banks are going to lower their lending guidelines while at the same time being the backstop on those same 30 yr loans. No way!!

If the man worked a single day in the private sector and had even a clue on how private financing works he would see how absurd this proposal is. In fact for a socialist bent on NWO that statement smacks of conservatism.

The only requisite change that the system needed has already been employed and that IS the raised bar on proof of income.

F and F keep the banks liquid to write more loans. The requirements keep the risk at a minimum and low interest rates and low taxes keeps the whole machine running effectively.

$FNMA