I did not go to Fnma for a mortage i went to the bank. The bank says you qualify for 650,000.00 loan and with an arm mortage your payment will be X. I looked at the guy and said are you out of your F in mind. I know what i can afford and i do not want an arm i want a fixed rate. He didn't like that. Banks provided mortages without documentation of income and credit history. They then passed these mortages to fnma as fast as they could( houseing bubble) fnma starts to look at theses loans that do not meet there requirements and sue the banks and win. Shut down fnma, that's like cutting off your nose in spite of your face. Gov forces fnma and fmcc to take toxic assets from banks to save them and then blame it on fnma. In the word of Al Pacino. " shes got a great #$%$ and the gov has got it's head all the way up it".