Let's hope so, BUT right now it seems as if all the hands in his administration are working on these major pieces of legislation.
The previous administration had Craig Phillips studying the issues with the gses, who in the current administration is in charge of deciding on the final resolution of the two largest players in the Secondary Mortgage Market that have been nationalized? Bernstein? Where's the September plan?
A couple of issues need to be resolved first:
(1). Will there be $300B available for affordable housing as contemplated in the new bill?
(2). Is the nws an illegal taking by the federal government?
(3). Most importantly, will the current administration be upsetting the Secondary Mortgage Market by changing the status quo?
(4.). Can we use HUD and LIHTC'S as the vehicles to alleviate the affordable housing shortages?
Right now the federal government enjoys 100% control over the gses' with zero liabilities showing up on the federal balance sheet. Furthermore, they must be feeling very confident given the pyrrhic victories of the Plaintiffs so far from the judiciary.
The current administration does not want to be seen coming anywhere near helping the evil hedge fund guys and a settlement with the shareholder Plaintiffs involving giving up the LP or Warrants or really giving any breaks to shareholders. SM was the same way.
So what is the emergency or crisis facing the gses' and why exactly must the current administration act?
News 
Market Data 
Discover 
AI
