Fannie Mae-No Politics (FNMA)

[401kobessive]

Lets discuss our new LLC. We own a new LLC. Its a joint venture with Freddie and Fannie. I guess we are now competing with AIG on insuring home loans. It seems kind of odd that we are insuring 90% of the market. I would assume that we would insure our own mortgages firstly. I wonder if they will let free market forces determine what insurer gets the contract? This LLC will be the fall guy going forward. If another meltdown occurs, they will dissolve the LLC and move forward. That is my thoughts. However, if they do that, the GSES will take the right off which would put the Government again backing mortgages. I dont see anyway around having the Government as a back stop. I for one will not loan large sums of money at 4.0% for thirty years. Most individuals would think that crazy. So, who will? The GSEs will remain. IMO. Had to go through that thought loop...I guess my OCD is kicking in.