Fannie Mae-No Politics (FNMA)

[3antar]

The leadership is very aware of the fact that private non-GSE mortgage securitization has exited the market. Almost prophetically, they appear to acknowledge that Fannie and Freddie must remain as a cornerstone of the remaining market to keep the system from completely burning up.

In fact, not only did Fannie Mae and Freddie Mac support the market by providing credit to millions of families during the financial crisis, they also implemented social programs such as the Obama Administrations Home Affordable Refinance Program [HARP] and Home Affordable Modification Program [HAMP].

http://m.seekingalpha.com/article/2045663-fed-officials-and-gse-shareholders-surprised-by-2008-crisis?source=yahoo