Fannie Mae-No Politics (FNMA)

[Zargis]

Good find. This is good news.

Fannie Mae, Freddie Mac could be combined in the long-term

However, the research firm sees little likelihood of the FHFA placing Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) into receivership. Over the long-term, it may combine Fannie Mae and Freddie Mac.

The Johnson-Crapo bill is quite similar to Corker-Warner. However, the former requires only 3.5% downpayment for the first time buyers to be a qualified mortgage (QM). In contrast, Corker-Warner requires 5% downpayment to be a qualified mortgage.

Billionaire hedge fund manager Bill Ackman has increased his stake in Fannie Mae and Freddie Mac from 9.8% to about 11.1%

http://www.valuewalk.com/2014/04/fannie-mae-freddie-mac-what-can-fhfa-do/