$FNMA #FANNIEGATE

Judge Sweeney entered an order today extending the briefing schedule on the government's omnibus motion to dismiss as requested, and a copy of that order is attached to this e-mail message.  13-465-0408

https://www.politico.com/f/?id=00000164-2324-dbdc-a96d-373e4e2a0000 Document created on June 6th of this year...

Page 17 (and repeated on page 75 nearly word-for-word) Transform the way the Federal Government delivers support for the U.S. housing finance system to ensure more transparency and accountability to taxpayers, and to minimize the risk of tax payer-funded bailouts, while maintaining responsible and sustainable support for homeowners.  Proposed changes, which would require broader policy and legislative reforms beyond restructuring Federal agencies and programs, include ending the conservatorship of Fannie Mae and Freddie Mac, reducing their role in the housing market, and providing an explicit, limited Federal backstop that is on-budget and apart from the Federal support for low- and moderate-income homebuyers.

Page 75 This proposal would reorganize the way the Federal Government delivers mortgage assistance and go beyond restructuring Federal agencies and programs by transitioning Fannie Mae and Freddie Mac to fully private entities.