thku4grace

Fannie and Freddie Shareholders Benefit More than Homeowners

Not curtailing Fannie and Freddie fee increases may not be part of a plan to return the GSEs to viable independent entities. It could be more about not aiding the foreclosure alternative to modification of loans. I seriously doubt the GSEs will return as independent entities, if they ever were. The GSEs do provide an important service in the mortgage market but more importantly for the Obama admin, they are easily manipulated to provide certain social benefits that aren't otherwise easily accomplished. Unfortunately, that is what got us where we are today, but they will never get their cotton-pickin' hands off the GSEs. The GSEs will always be used for social engineering.