Fannie Mae-No Politics (FNMA)

[mikoli007]

Additionally, Representative Jeb Hensarling (R-TX) has also put forward the "Protecting American Taxpayers and Homeowners Act" (H. R. 2767; PATH Act), which would wind down Fannie Mae and Freddie Mac within five years and centralize all housing finance operations in the Federal Housing Administration (FHA). This legislation would also

"limit the role of the FHA to only insuring loans made to first-time homebuyers, low income buyers, and buyers in depressed housing markets or presidentially-declared disaster areas".

The PATH Act has been passed by the House Committee on Financial Services and is awaiting consideration by the full House.

Yeah,let's insure the group that is most likely to default, yeah that make sense!