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  • Comment Detail

  • Date: 12/23/14
    First Name: Chris
    Last Name: Peck
    Organization: N/A
    City: N/A
    State: N/A
    Attachment: N/A
    Number: RIN-2590-AA73

  • Comment

    While I am in in favor of the Housing Trust Fund, in particular due to thirty year mortgages and low down payment options for buyers, I am also increasingly concerned about the overall stability long term of GSE's. I'm more and more disgusted and ashamed with our government and what is the blatant theft of all profits from Fannie and Freddie. So, while I am for funding the Housing Trust Fund, this is a conditional opinion in that I am not for it until conservatorship is completed.

    This isn't about greed but basic principles of living in this society and what it's supposed to stand for. My grandparents and parents both owned stock in FNMA, which plummeted and they lost most of their money. They didn't buy FNMA to become rich but rather wanted to invest in something that was win-win for everyone involved. That is, they wanted to be ethical investors and not simply chase dollars.

    I strongly recommend the GSE's be released from conservatorship for the good of this country and the housing market. The current situation is not stable long term or legally justified.