Replies to post #447276 on Fannie Mae-No Politics (FNMA)

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Exactly the way I see it.

Both trade groups are concerned that a system with multiple private companies could come to be dominated by nation’s biggest banks. Olson said the heavy competition might also result “in a race to the bottom” where risky loans get sold and securitized with some form of a government guarantee. Small-lender trade groups want assured equal access to the secondary market, with no price discrimination through volume discounts.

"The six small lender organizations testifying in front of Senate banking committee in July 2017 aligned quite well on what needs to be done in the secondary mortgage market: Make these guys utilities, probably more guarantors is not a good idea,” Zimmer said during a telephone interview. “To my knowledge, none of these organizations have been brought into the discussions on this new proposal, and neither have civil rights and consumer organizations."

As usual, Corker & Warner both are still not willing to heed advice from those in the know. They're both stubborn and blinded by their own fixation on gifting F&F to TBTF banks while destroying shareholders in the process.

After watching President Trump's "America First" speech at the World Economic Forum in Davos, there's no way he would permit the gifting of America's Secondary Mortgage Market to globalist bankers. Another DOA!

it's still in draft form ... but those who have seen it

have leaked portions of the draft plan ...

the mkt has OVER reacted negatively to the receivership word

even though the TOTALLY ridiculous notion of putting the #1 and #3

most profitable private companies per/employee in AMERICA

is BEYOND EVEN IDIOT CONGRESS COMPREHENSION

and WILL GO NOWHERE ... the current BILL is DOA