Replies to post #755218 on Fannie Mae-No Politics (FNMA)

[skeptic7]

Oy vey.

[nagoya1]

Those less than outstanding 142 govrats have treated GSE companies and shareholders like dirt for the past 14 years.

When is this clusterfack insanity going to stop, when are we going to get "REAL JUSTICE" for the "mafia like" treatment we have endured.

FNMA

[Wise Man]

The CFPB is OFF-TOPIC. FnF are congressionally-chartered private corporations that renders the FHFA with limited powers.

[Robert from yahoo bd]

"In particular, Congress found a “hard learned
lesson” in the experience of the Office of Federal
Housing Enterprise Oversight (OFHEO). Id. at 163.
OFHEO was the regulator that was supposed to
ensure the financial safety and soundness of Fannie
Mae and Freddie Mac, but post-crisis analysis
concluded OFHEO’s effectiveness had been hindered
by needing to seek annual appropriations, rather than
having a steady stream of regular funding. Id.
For that reason, Congress had already chosen by
2008 to have OFHEO’s successor agency, the Federal
Housing Finance Agency, funded through
assessments on regulated entities—set at a level
determined by the Agency, with no cap—rather than
annual appropriations. Id.; Housing and Economic
Recovery Act of 2008, § 1106, Pub. L. No. 110-289, 122
Stat. 2653, 2669 (providing for agency to “collect from
the regulated entities annual assessments in an
amount not exceeding the amount sufficient to provide
for reasonable costs ... and expenses”)."