Freedom of information act.
If FHFA is unconstitutional, wouldn't the quasi government agencies be too.
Get'em Trump.
The courts have failed to define what they are, after being
Since the GSE's are still technically not government agencies (although the government owns a controlling interest in their preferred stock), good luck with that.
And they are still in federal receivership a nice word for bankruptcy and it appears it maybe never be pulled out because it's a cash cow for the treasury who takes 100% of it's profits and, neither the democrats or republicans or communists have the political will to get involved because after all we all know there is nobody that wants to hold a 30 year fixed rate mortgage.
And if they receive taxpayer bailout money, you best believe they are government owned.
You have no clue as to how the GSE's work. The GSE's do not make federal banking regulations. No banks are obligated to follow GSE guidelines by any sort of regulation. Lenders are obligated to follow the GSE guidelines when they sell their loans to the GSE's because they are contractually obligated to do so.
Check your brain.
Nobody has ruled it's
The FHFA is unconstitional. Just like i told you. The government sweeps their profits. Check yours.
Creation of Fannie Mae A 1938 amendment to the National Housing Act established Fannie Mae.
a
Originally, Fannie Mae was a federal government agency. Its mandate
was to act as a secondary mortgage market facility that could purchase,
hold, and sell FHA-insured loans. By purchasing FHA-insured loans from
private lenders, Fannie Mae created liquidity in the mortgage market,
providing lenders with cash to fund new home loans.
Sure they aren't government. TimD is 1984.
For the first thirty years following its inception, Fannie Mae held a veritable monopoly over the secondary mortgage market. In 1968, due to fiscal pressures created by the Vietnam War, Lyndon B. Johnson privatized Fannie Mae in order to remove it from the national budget.
At this point, Fannie Mae began operating as a GSE, generating profits for stock holders while enjoying the benefits of exemption from taxation and oversight as well as implied government backing. In order to prevent any further monopolization of the market, a second GSE known as Freddie Mac was created in 1970. Currently, Fannie Mae and Freddie Mac control about 90 percent of the nation's secondary mortgage market.
Creation of Fannie Mae A 1938 amendment to the National Housing Act established Fannie Mae.
a
Originally, Fannie Mae was a federal government agency. Its mandate
was to act as a secondary mortgage market facility that could purchase,
hold, and sell FHA-insured loans. By purchasing FHA-insured loans from
private lenders, Fannie Mae created liquidity in the mortgage market,
providing lenders with cash to fund new home loans.
Sure they aren't government. TimD is 1984.
No it is a Government Sponsored Enterprise since 1968. The employees were and are not government employed - For the first thirty years following its inception, Fannie Mae held a veritable monopoly over the secondary mortgage market. In 1968, due to fiscal pressures created by the Vietnam War, Lyndon B. Johnson privatized Fannie Mae in order to remove it from the national budget.
At this point, Fannie Mae began operating as a GSE, generating profits for stock holders while enjoying the benefits of exemption from taxation and oversight as well as implied government backing. In order to prevent any further monopolization of the market, a
second GSE known as Freddie Mac was created in 1970. Currently, Fannie Mae and Freddie Mac control about 90 percent of the nation's secondary mortgage market.
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