Replies to post #700162 on Fannie Mae-No Politics (FNMA)

[FFFacts]

I still don't see why if congress passes affording housing funds what the incentive is to releasing the gses right now. They don't meed the money for affordable housing if it is already coming from another source. Only reason for an urgency may be if they want to use the money for other purposes.

[Golfbum22]

I like your positive outlook


but from a crotchety older guy who isn't so positive since Scotus screwed us

moving up consists of passing Yuma 3.10

and 5 bucks

LMAO

thx for all your DD

[bcde]

"During the housing boom of the 2000s and the crash in 2008, the GSEs were woefully undercapitalized. They were rescued by the federal government and placed into conservatorship with strict oversight by their regulator the Federal Housing Finance Agency (FHFA)."


The unscrupulous guys are peddling the same propaganda garbage.

The correct factual statement should have been.

Fraudulent mortgage lending, fake rating, and PLMBS securitization practices created 2008 financial crisis. Revolving door bureaucrats abused their power to exact revenge on their private rivals and turned the bad situation in to worse situation. They used this as an excuse to impose dictatorial and unaccountable conservatorship on adequately capitalized FnF (as certified by the Gov Regulators and confirmed TSY Sy and Fed chairman) and the only companies that were in good financial health, and this triggered the 2008 financial meltdown. In the last 13 years, fellow travelers used FHFA to destroy FnF using every unlawful means and but failed. FnF have remained as TINA model companies and have become most profitable companies with even more high quality assets.