Fannie Mae-No Politics (FNMA)

[Pugilista]

To move forward:
their proposal said:
"To move forward, the following principles need to be reflected in any housing finance reform legislation:

• Protect taxpayers from bearing the cost of a housing downturn.
• Promote stable, liquid, and efficient mortgage markets for single-family and multifamily housing.
• Ensure that affordable, 30-year, fixed-rate, prepayable mortgages continue to be available, and that affordability remains an important consideration.
• Provide equal access for lenders of all sizes to the secondary market.
• Facilitate broad availability of mortgage credit for all eligible borrowers in all areas and for single family and multifamily housing types. "

the 30 year rate is the cornerstone IMO. I think a transition is possible from FNF as long as these issues are addressed and preserved. I believe that this will become an election issue regardless of lawsuits.

I just don't think the masses really care as long as people don't notice or feel the change.