Replies to post #694669 on Fannie Mae (FNMA)

[Robert from yahoo bd]

It's a Taking of our private property, but ALL THE FEDERAL JUDGES SEEM TO BE LOOKING THE OTHER WAY, MUTTERING, "THE KING CAN DO NO WRONG!". Those Judges know who butters their bread...

This sounds risky as sh*t: "To make affordable, sustainable home mortgages more available to lower wealth households, the GSEs
can take a number of steps. First, the GSEs should expand the availability of their low down payment
mortgages as well as other programs to assist homeowners with less wealth to obtain a mortgage and
sustain potential financial volatility during the mortgage. The GSEs should also remove so-called credit
overlays that are additional loan restrictions beyond the qualifications otherwise required for loans, as
these exclude sustainable loans.49"

Why can't the government through the FHA do these high risk loans?

[mrfence]

Good strategy...

Now, we just keep the GSEs in a state of limbo and wait out the equity holders until they all die.