Replies to post #434215 on Fannie Mae-No Politics (FNMA)

[Letgoofmyfannie]

GSEs Should Be Released

Yeah, well...

Corker n Warner said GSEs can be replaced
Hensarling sez we don’t need GSEs at all
But without Secondary Mortgage Buying
US Housing Prices are bound to fall

I see home ownership falling
From the West way over to the East
Every day every day GSEs are not released.

Down on Pennsylvania Avenue Jack Lew says he’s not to blame
Says he got the sweep from Geithner and Hanky Panky
But he collects shareholder profits just the same

I see shareholders vindicated
From the West way down to the East
It’s the right thing to do now, GSEs should be released.


We just had a contentious election
The candidates were focused on calling names
Now its time for the winner to turn attention
To a positive solution without blame

I see home ownership rising
From those with Most down to the Least
Any day now any day now GSEs should be released

Any day now any day now GSEs should be released
Any day now any day now GSEs should be released

[BaGr]

Two things that gives me hope is

1- The reaction of Camden Fine, ICBA president & CEO after meeting with Trump.
https://www.cnbc.com/video/2017/03/09/fine-independent-community-bankers-couldnt-be-more-pleased-with-trump-meeting.html

2- The EO cutting off funds to subsidies that reimburse insurance companies for high deductibles and co-pays. The EO did not affect subsidies for premiums so maybe that would free up the amount being taken from the GSEs and allow r&r in 2018.

No one knows what is being discussed or planned by Watt and Munchin.

Long shot but one can hope.