Replies to post #108509 on Fannie Mae-No Politics (FNMA)

[Sogo]

Curious- who here is willing to hold until potentially 2017? I probably would if there were enough consistent signs between now and then that my commons wouldn't be screwed.

[nocluetrader]

Nice find. looks like we are going to need a bigger boat. keep loading while we still can.


"How It Affects You

Congress probably won't adopt any measure until 2015, thanks to the mid-term elections next year. No elected official wants to take a chance on slowing the housing recovery. As much as everyone wants to get the government out of the home loan business, it has become the bedrock of the banking system. Therefore, don't really expect there to be any change to Fannie and Freddie's status. They will probably remain government-owned entities at least until 2017, where they will be a low-priority item on the new President's desk."