Replies to post #519167 on Fannie Mae-No Politics (FNMA)

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That would certainly fit with pre-confirmation vote statements made regarding Administration, Treasury Secretary and FHFA all in agreement (Otting?). I find it hard to believe they would all go back on their word and let Congress have another crack at it, further delaying R&R another 2 years at least. This Congress has demonstrated it can't get agreement on anything. This Admin has reached it's limits with this Congress. Admin and Mnuchin have stated their urgent desire to get GSE's out of Gov control.

Quote:
“I enter this office with a sense of urgency. The foundations of our mortgage finance system remain vulnerable, and we must not let this opportunity for reform pass," said Dr. Calabria.



No fhfa director can act independently without the support from administration. Moreover Ending gov/conservatorship control of fnf is the most glaring unfinished work of reform. The housing finance system is too complex to reform in one go.

By trying to destroy fnf using lawless conservatorship has further complicated the reform efforts. True reforms can be made only following rule of law. So first fhfa has to unwind all lawless decisions of conservatorship to start true reforms.