Replies to post #733980 on Fannie Mae-No Politics (FNMA)

[Achilles deFlandres]

Hmmmm lets see. Did Otting as acting director have the ability to end the conservatorship? Why wasn't he chosen as Director? What did Calabria do as the actual chosen director? Did he increase the reserve capital required? How much? What did the Current director, ST say? Did she also reflect Otting the acting directors sentiments from 3.5yrs ago?

Our current state of affairs is the conservatorship actually is still in place and the GSEs are still amassing even more UST liquidation preference as the "varable dividend" NWS payments are suspended (equivalently more UST draw). Please

[ewtrader]

Interesting - 01-30-2019 “ FHFA head offers olive branch to Congress on privatizing Fannie Mae, Freddie Mac”

Andrea Riquier Published: Jan. 30, 2019 at 5:11 p.m. ET

In a letter obtained by MarketWatch, the acting director of the Federal Housing Finance Agency on Wednesday wrote to senior Democrats on the Senate Banking Committee, offering to work together on efforts to release Fannie Mae FNMA, -0.54% and Freddie Mac FMCC, +0.25% from government conservatorship. Joseph Otting told House Financial Services Committee Chairwoman Maxine Waters and ranking Senate Banking Committee member Sherrod Brown that he "would welcome your insight and perspective" as overhaul efforts begin. That step follows reporting by MarketWatch that showed Otting intended to work directly with the Treasury Department to release the two mortgage companies, with no participation from Congress. The White House also has said they will work with Capitol Hill to take the mortgage giants out of conservatorship.