Fanniegate Hero
@DoNotLose
Cheerleading the eventual release of Fannie and Freddie from their mostly fraudulant conservatorships of government malarky.
I want to save this as my post to pin for when recap and release is announced in the next couple months. Carney is wrong. Josh is right.
Josh. I’m sorry that this will end so badly for you. I think you are very smart. This wasn’t a good moment for you.
In addition to Rule of Law Guys comments about the CBO error, note John Carney’s as well. No one asked him his opinion. And the CBO report concluded that there were multiple exit strategies. Carney said they recommended Receivership. They did not. Since mortgage spread stability…
The CBO and @BrietbartNews via @carney and @Lauriegoodman @urbaninstitute came after the truth along with @joelight late last week.
The Washington Post, like the WSJ and New York Times, is working on their version of The Coordinated Hit Pieces. They won’t tell me any of the supposed quotes or unnamed sources. Go figure. You don’t realize how fake the news is until it’s about you.
Fake news is coming after @pulte because he is one of President Trump’s most loyal allies — he is also doing a GREAT job!
The Washington Post, like the WSJ and New York Times, is working on their version of The Coordinated Hit Pieces. They won’t tell me any of the supposed quotes or unnamed sources. Go figure. You don’t realize how fake the news is until it’s about you.
The Washington Post, like the WSJ and New York Times, is working on their version of The Coordinated Hit Pieces. They won’t tell me any of the supposed quotes or unnamed sources. Go figure. You don’t realize how fake the news is until it’s about you.
Trump and Pulte can pound on them just like everyone else and eventually choke off their funding. This is one of the things that can be controlled by the party in power. It just has to be a matter of focus. The CBO currently constituted is legacy Biden.
Uh….isn’t that because AirForce 1 is in such bad shape that it doesn’t meet national security standards ? You are amazing Ratner….keep it up
@pulte They need to be fired. None of them have the skill set for what is needed to restore these entities to the President and the FHFA directors vision.
Washington DC won’t let them have free rein here on MBS purchases as F/F did before Conservs. But F/F should have power to intervene when $Mort/10yrT spreads widen beyond a certain #, say >200 bps (for example). You are correct that a lack of backstop MBS bid is major prob.
#1 reason to releae $FNMA $FMCC is to "manage" mtg rates again. Fed managed rates post-conservatorship until 2022. Mtg mkt can be wild like others—needs a buyer to stabilize rates. FNMA/FMCC need to be released to go back to doing this.
Completely agree. If the Fed won’t do it the GSEs should be able to support their own securities. It would lower rates and unlike some other initiatives actually reduce the cost of housing.
Can and will
GSEs could exit conservatorship fast, experts say americanbanker.com/news/end-of-gs… @potus @pulte @SecScottBessent $fnma $fmcc
Laurie contributed to the CBO piece yesterday $fnma #fanniegate
This person, who is a liberal-academic, should be thanking us for allowing Rent to be used to help people get a Mortgage, which is a policy initiative that will do more good for Americans than Biden and Obama combined! “I am not quite sure what the overarching policy is,” said…
GSEs could exit conservatorship fast, experts say americanbanker.com/news/end-of-gs…
Given the way the administration tends to operate, I think it's going to be spur of the moment," Haynie said. "I think it's going to happen overnight or over a weekend," americanbanker.com/news/end-of-gs… $FNMA #FANNIEGATE
I think @pulte is either being mischaracterized or misunderstood here. I believe both Fannie and Freddie (‘F2’) are likely to exit conservatorship within the next year or so. But that does not mean that the government is walking away from either company. The government will…
Fannie Mae, Freddie Mac Are Likely to Remain in Conservatorship, Pulte Says. The Stocks Are Flying. barrons.com/articles/fanni… via @BarronsOnline