Replies to post #705227 on Fannie Mae (FNMA)

[LuLeVan]

The only sensible thing for FHFA to do would be to decide by consent decree (with treasury) to dissolve themselves so that their useless paychecks no longer contribute to excessive borrowing costs for less well-off mortgagees. Biden should enthusiastically agree.

[nats1]

https://www.fhfa.gov/AboutUs/Reports/ReportDocuments/FHFA-2021-PAR.pdf

The PAR provides a lot of information about FHFA.

I emailed them some time back about whether or not they renewed the contract(s) related to ending the conservatorship when the 1st 1 year option period came around - I believe in June. Although the PAR mentions it, because the first year of the contract ran from about June 2020-June 2021, its not clear that they renewed it beyond that point. I, as a stakeholder and/or a member of the public, emailed them to find out if the contract was still alive but they never got back to me. So if I have to do this again I learned that I should have told them I was president or chairman of the board or something like that - of the Mortgage Bankers Association.

They may have announced a renewal, but this may have been around the time of the June SC decision - so I was paying more attention to that.

Nats

[Louie_Louie]

Don't forget to add : who have been paid approx 4.5 billion over 14 years of doing nothing but collecting those pay checks.