Replies to post #12120 on Fannie Mae-No Politics (FNMA)

[pusherone2three]

What Pres. Obama wants to do and will happen are 2 totally different things. If FNMA and FMCC are shut down this would most definitely put a strangle hold on the ability for people to purchase homes by making it more expensive for people seeking to get a mortgage.

I do think there will be some major changes but neither FNMA or FMCC will be shutdown(JMO). FNMA plans to sell $1 billion of benchmark bills on Wednesday.

The sale will include $500 million of three-month bills, due June 19, 2013, and $500 million of six-month bills, due Sept. 18, 2013.

Settlement is March 20-21.

[JLHammer]

So you believe this a bad investment?

[JLHammer]

So you believe this a bad investment?

[StockDuJout]

I am in the mortgage industry and I promise you Fannie and Freddie are not going anywhere, the system would crumble all over again, even worse actually, mortgage lending would come to a grinding halt. He wants to change the system not do away with it, Fannie and Freddie are fundamental to our financial system as a whole. FHA will not be around in 2-5 years, that I will assure you is true, this will only strengthen Fannie and Freddie's position.