Fannie Mae-No Politics (FNMA)

[401kobessive]

Minorities have the most to loose with the removal of government subsidized mortgages. Hopefully, Mel will protect FNMA for minorities and low income workers who otherwise could not afford a home. I really feel that if you strip away all the politics, its the right thing to do for the taxpayer, home owner, and shareholder. Maybe we have been looking at this from the wrong direction. Maybe what needs to happen is a increase in BK credit risk. Suppose the length of time a default stayed with you was 14 years instead of 7. Also, increase the % down payment. Minimally 15% down to purchase. Add skin from the borrower, not the lender. All my humble opinion for the advancement of FNMA.