Replies to post #51099 on Fannie Mae-No Politics (FNMA)

[jolly4]

Ok... that sounds impossible


"Today, the private market plays an even smaller role in the mortgage market than it did pre-2008 and the GSEs back almost the entire U.S. mortgage market. The future of Fannie and Freddie now lies primarily with a divided Congress under increasing pressure to wind down taxpayer commitments to them. While Fannie and Freddie have cost taxpayers a lot of money over the past two years, they also played an important role in the mortgage market since 1938. Reforming them will require lawmakers to find a balance between providing for stability in the market and promoting homeownership where appropriate, while reducing the potential for taxpayer loss."

http://ebook.law.uiowa.edu/ebook/content/promoting-homeownership-us-rise-and-fall-fannie-mae-and-freddie-mac

[skidoo31]

Funny these same banks (crooks) help put FNMA in the situation they are in.... Of course they are going to spread there "thoughts"... Lol
What credibility will these big banks have after they are sued for Billions?

[kamdesigns1]

It seems you're missing the subtle undertones of the article. Let me break it down for you.

First, the banks are pissed because FnF are suing them for billion$ and FnF are winning.

Second, the banks are crying because FnF has swept the rug out from under their business model and now FnF are making billion$ that usually would have gone to the banks.

Third, the banks are pissing their pants because FnF are going to have fully paid back their debt to the taxpayers within just a few months. Then they basically are fully functioning, enormous profit generating machines who are out for the banks blood because it was the central banks that caused the crisis in 2008 and let FnF with the bill.

The banks are screwed! We will win. You will lose. BIG!

[parrot head]

Look up Sallie Mae. Same deal. They're trading at $24 a share now. Release Fannie and Freddie!

[d-trdr]

How bout this part!
They added that would-be housing-finance reformers face several major headwinds. For one, the government is happily receiving dividends from Fannie FNMA and Freddie FMCC – payments that are cutting the federal deficit. Also, on the back of a strengthening housing market, the companies recently reported improved quarterly earnings – results that could cut the urgency for reform.

All speculation! There is nothing concrete in this article you post.