Fannie Mae-No Politics (FNMA)

[G-old-leader]

The worst thing about it, is if they want to get rid of F&F ,Chain reaction. The private sector wouldn't be able to handle all the loans, plus no MBS to sell to china which means, banks will have fewers loans to issue. Fewer loans means more demand for loans, which means an explosion of mortgage interest rates. Higher interest rates and less buyers who qualify, means less demand on expensive homes. Prices of homes will fall due to high interest rates so folks can still afford the payment. If homes prices fall again, we will be back were we started in 2008, people upside down letting things default. another snowball of chit !!. I think the strict leading practices with many lessons learned in place now, F&F RUBE goldberg machine (with the COD's IAW MBS) will continue as designed and be better then ever. F&F is not going anywhere guys !!!!