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  • Comment Detail

  • Date: 12/24/14
    First Name: Mike
    Last Name: Rop
    Organization: N/A
    City: N/A
    State: N/A
    Attachment: N/A
    Number: RIN-2590-AA73

  • Comment

    While I believe funding the Housing Trust fund is a positive and necessary step, it is my feeling that it is a bit premature at this time as Fannie Mae and Freddie Mac are still under conservatorship with all of their profits being swept 100% into the treasury with no end in sight.
    What makes it right to make the exception for a portion of Fannies and Freddie's profits available to fund the Housing Trust fund with the remaining portion to be continually swept to the treasury? On the surface it looks as though one is picking and choosing who/what they want to benefit from a very profitable Fannie and Freddie while still maintaining the unnecessary conservatorship control of the two enterprises.
    Again, the Housing Trust fund is a good step forward, but feel that PRIOR to doing so a release from conservatorship, ending the 100% sweep to the treasury, and getting both Fannie and Freddie recapitalized would be the most important step in getting confidence back in the housing system.
    Do the right thing first!! Release, end sweep, and recapitalize!!