Replies to post #661345 on Fannie Mae-No Politics (FNMA)

[MLAT24]

Yep, I if I remember correctly it’s was something like $2B a year for 10 years so $20B total during the campaign. Treasury still holds the cards and ignoring a housing collapse, I think it will take a situation more like the creation of Freddie Mac where they “need” to make a move. A dangerous game (ticking time bomb as some have called it) but one we don’t have the intestinal fortitude to tackle politically or as a society.

[IL Padrino]

The corrupt and/or just pure stupid politicians have their claws dug so deep into this, only SCOTUS can help now. Welcome to communism, where the gov can just do what they want with no checks and balances to keep them honest.

"Pinto expects the Biden administration to reprise the actions Mel Watt took during his stint as the Federal Housing Finance Agency director, namely keeping Fannie Mae and Freddie Mac in conservatorship

[MLAT24]

One for you from the NYT quoting Mark Zandi. Sue Wachter is preferable for next FHFA head, I think!!!!!

“The changes are “modest” and nonbinding, basically accounting tweaks, said Mark Zandi, the chief economist of Moody’s Analytics. And they won’t dictate what the next Treasury secretary can do, which is a good thing in Mr. Zandi’s view. Quasi-governmental status has allowed Fannie and Freddie to be more flexible about extending credit, as well as foreclosure and eviction moratoriums, during the pandemic than if they were purely private. “It’s proof positive to me why a government corporation is the way to go,” Mr. Zandi told DealBook.”