and if the cost to borrow with FHA "help" drops that much as noted in the article ---- much much of what might have gone to F and F with the new 3% policy might well head right to the correct place which is FHA
If BO wants easy to understand headlines the 1/2% reduction in cost to borrow is it
(not language about GSE freedom to which people will ask what are you talking about)
Our goal = I assume
BO focuses on
50 bip decline in fees at FHA notes all that F and F have done is MUM quiet on anything else re F and F other than good stuff about helping keep the market going
and wow if BO says F and F have been there while the private market has been "cautious"
will likely thin out all of my TRADING shares if it gets high enough
rumor that is good for F and F may be incomplete or wrong and the market today may be buying the rumor and ready to sell on the news on TH
but I want a nice kick to tempt me to seel TRADING shares