Replies to post #499642 on Fannie Mae-No Politics (FNMA)

[trunkmonk]

several things stick out by Waters statements and actions.
30 year loans secured.
ease for bowwowers to get loans.
she said she was going to do to banks what they did to her people.
the first 2 line up with us in general.
the first 2 do not line up with recap plans, since this will put loans at risk to lower income levels which may default easier.
the third one is the scary one, its not politics or business, its personal. no one in power should be allowed to make things personal. she will fight big banks to the end. which will be an issue for any involvement with big banks in GSEs if that was the plan.

[GVInvestments]

Sounds like we will have no problem having maxine waters suporting the freedom of F and F.

[Donotunderstand]

She did say the “core principles” she advocates including maintaining

access to the 30-year mortgage, ensuring sufficient private capital

is in place to protect taxpayers and maintaining access for all qualified borrowers.



Seems about right for public consumption

[HappyAlways]

Waters's request is already fully addressed. Not sure about the price fall yesterday.