Replies to post #561960 on Fannie Mae-No Politics (FNMA)

[AuntyMamie]

After they stripped HUD of OFHEO it was just a matter of time for them to claw-back some ownership of program oversight and control. HUD wants to control mission. It's their core competency. FHFA took it away from them. It is what it is.

[camaro4me]

At the senate hearing a week or so ago Ben Carson asked congress for a plan to IPO FHA so that it will report up to HUD.

The Department of Housing and Urban Development recently released a major housing finance reform plan in conjunction with a Treasury Department report on future plans for Fannie Mae and Freddie Mac.
HUD’s reform plan states four main objectives – including refocusing the Federal Housing Administration to its core mission and providing FHA and Ginnie Mae the tools to appropriately manage risk.
Read on for a deep dive into the plan.