$FNMA THIS IS GREAT NEWS

ttp://www.valuewalk.com/2014/11/julian-castro-broad-support-away-fannie/

moar private capital into the mortgage market

Mi

 •

1 min

this is great

1 min

JULIAN CASTRO: Yeah. Housing finance reform certainly ahs been a priority and will continue to be a priority. As your viewers know, this has been an issue with a lot of attention over the last year or so. There was a bipartisan piece of legislation, Johnson-Crapo, that made it out of the Senate Banking Committee. There are others, Senators Corker and Warner, as well as folks in the House who have been working on this issue.

This could be I believe a good victory either in the lame duck session or more realistically perhaps in the next term of Congress where there is bipartisan support for – for housing finance reform, for doing away with Fannie and Freddie as we’ve known them, creating a backstop. However, introducing more private capital into the market and taking the taxpayers off the hook if we do ever experience what we just went through as part of the housing crisis in 2007, 2008, 2009, that is a priority this administration and for HUD.

you can't wipe out existing shareholders and then ask for private capital

AMIRITE ?!?!??!?!

M

 •

Now

this is great news

i'm going to copy this convo

k?

Now

don't use my name

M

 •

Now