Fannie Mae-No Politics (FNMA)

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President's current stance on housing reform.

I'm not sure if anyone has posted this yet, but here is the President's feelings toward housing reform, as highlighted in his notes prepared for the state of the union address. This is found on the last page of the document and thus does not appear to be of priority. Moreover, note the same careful rhetoric we heard back in August, "as we know them". To me that suggests change but not shut down. Find a way to get the taxpayers off the hook (Emergency Housing Trust Fund, private capital...?) and let FnF continue to serve the needs of the middle class. IMO, of course.

http://www.whitehouse.gov/sites/default/files/sotu_2014_main_fact_sheet.pdf

"Ending Fannie and Freddie as We Know Them. The President has made clear that it is time to
turn the page on an era of reckless lending and taxpayer bailouts, and build a new housing finance
system that will provide secure homeownership for responsible middle class families and those
striving to join them. The President is encouraged by the leadership of Senate Banking Committee
Chairman Johnson and Ranking Member Crapo in seeking to forge bipartisan legislation. The
President is also appreciative of the bipartisan efforts of other members of the Senate, such as Senator
Warner and Senator Corker. As the President outlined in his housing address in August 2013, he
stands ready to work with members of Congress in both parties to enact legislation based on four core principles for reform that will (i) put private capital at the center of the housing finance system, (ii) end Fannie Mae and Freddie Mac’s failed business model so taxpayers are never again on the hook for bad loans and bailouts, (iii) ensure widespread access to safe and responsible mortgages like the 30-year fixed rate mortgage, and (iv) support affordability for creditworthy first-time buyers and access to affordable rental housing for middle class families and those aspiring to join their ranks."