The government definitely breached an agreement by taking 100% of the dividends after knowing those would be far in excess of the 10% dividend. They still haven't quit, it's like other owners of the GSE's don't exist. Owners are entitled to their fair share and just because one owner is bigger and bad doesn't give them the right to steal.
What do y'all think?
The WBHL provides low and moderate income borrowers a straight, broad highway to building wealth based on a 15-year, fully amortizing, fixed-rate loan. While the WBHL requires no down payment and has a broad credit box, the monthly payment is much less than a traditional 15-year loan and will result in much lower foreclosure risk than FHA and other 30-year loans made to similarly situated borrowers.
“This will be a game changer for generating wealth by making a 15 year mortgage affordable for working people” says Bruce Marks – NACA CEO. “The majority of the mortgage payment will now go to the equity in the home effectively providing debt free homeownership”. Continues Bruce Marks. “This is in effect a freedom mortgage created through an unprecedented partnership between NACA, one of the country’s largest progressive organization, the American Enterprise Institute, one of the country’s premier conservative organizations, and Bank of America, one of country’s largest financial institutions”.
"Title 8 Housing" are you stupid or what, I heard of Section 8 and what does that have to do with Fannie Mae?
Wiping my #$%$ with American flag, so I didn't pay you no attention
Its true white folks invented racism and that is their worthless quality
He paid off debt my #$%$, so that's worth more than freeing the slaves that made this country great at their expense
Big yank has a racist rant, what else could be expected from a worthless pos
Since 2008, the government has been closing out several cases against banks while none against government seem to be progressing at a pace anywhere close to what the government has been able to accomplish. Something mighty screwy has been going on with these courts.
If someone earns an insult it does not matter what they are. People insult people because they don't like them or what they do, personal preference. In one ear out the other is the way to handle insults, even when the truth is the insult
Obama has been a dud, a puppet but have to give credit for fooling millions of Americans
Congress and Executive branches should be doing everything to help the courts make a final decision. There can be only one reason they aren't, they will lose.
The government created Amtrak as a government owned corporation, so do anyone think FNMA is on that same track?
History has shown who the real haters are and those stupid people still exist today