Replies to post #520553 on Fannie Mae-No Politics (FNMA)

[north007]

yes.

[Unhombrealado]

I think this it it. I’m selling my commons the next pop I’m back in green territory. If Calabria won’t do anything, no one will because Congress will stall on this forever. This is ridiculous

[Guido2]

My most charitable assessment of Joe Ward is that he is ignorant in stating " Officially ending the conservatorship will require Congressional action... "

Congressional action is required to amend their charters but not for release from conservatorship or to end the Net Worth Swindle. I pity those who base their investment decisions on this incompetent 's article.

[cclose1]

I don't know what is going to happen, BUT i do know this article is BS. This article is a rehash of a prior WSJ article, but taken out of context. Here are some examples:

Officially ending the conservatorship will require Congressional action, (author opinion, Calabria never said this) but Calabria said he will work to overhaul the system to make re-privatization a smoother process. That could includes changes to the “qualified mortgage patch,” which allows for loans to homebuyers with higher debt-to-income thresholds, the Journal reported.

Calabria said he will not act to allow Fannie and Freddie to keep its profits, (WSJ stated this, but forgot the part but it could be with "separate package of agreements with treasury") which currently are directed to the U.S. Treasury Department. Reversing the policy would allow the mortgage securers to re-capitalize ahead of a privatization, but Calabria said he prefers to enact one sweeping overhaul instead of piecemeal changes.


I don't believe anything will happen until the Collins en banc case has been decided.