Replies to post #161783 on Fannie Mae-No Politics (FNMA)

[nogoodtrader]

This is good news. It almost spells it out that mr watt is going to support stabilizing the gse's and returning them fully to their previous status. Mr prez will back this approach as well. Imo.

[chessmaster315]

And now, Nareb "dances a little two step" (like the politicians) instead of addressing the real issue: Will Mr. Watt restore fannie shareholders money or give it all up to the president and his men??

Why is this so hard for everyone to understand? If the pres gets away with stealing fannie shareholders money, where on earth are we going to get new investors for "private mortgage capital"?

Has no one figured out investors talk to each other and when one government official (bleeps) us, all investors will stay away. In order to raise more capital for fannie or other mortgages, they first need to deal with the 600 pound elephant in the room and not dance around it and pretend its not there. The 600 pound elephant?
The government stole at least 60 billion from fannie shareholders and diverted it to the treasury, without so much as a promise, that, when all the governments money was paid back, with interest, they will resume the dividends to sharholders.

[smoke_em]

STATEMENT BY DONNELL SPIVEY President, National Association of Real Estate Brokers (NAREB) on the Confirmation of Mel Watt as the new Director of the Federal Housing Finance Agency (FHFA)
5:07 PM ET 12/11/13 | PR Newswire
The National Association of Real Estate Brokers (NAREB) applauds the confirmation by the U.S. Senate of former Congressman Mel Watt as the new director of the Federal Housing Finance Agency (FHFA). The importance of his appointment cannot be overstated. We believe the wisdom demonstrated by President Obama in selecting Mr. Watt for this position, signals a return to the founding missions of the two government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, established to enhance the availability of credit for affordable home purchase.