Replies to post #762022 on Fannie Mae-No Politics (FNMA)

[Donotunderstand]

the default rate for MBS issued by F and F is low and lower

if low income (meaning TOO LOW !!) was prevalent that would not be the case

everything I see says the low income efforts are for the NEWS and media and such - and never amount to even the tail of the dog

not saying good or bad policy --- just saying low income working people simply are not anyone's customers for mortgages and not F and customers for re purchase of mortgage paper