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Comment

Dear FHFA,

I am pleased to see that the GSEs are nearly fully functional again and resuming their obligation to further affordable housing. My family was recently displaced from,our home due to storm damage, and are temporarily in an apartment. I have owned homes since 1985 and feel blessed to have done so, but would be very discouraged if I had to raise my family, in an apartment, with no prospect of owning our own home. It is very difficult to get ahead without a home. It is a financial advantage, moreover a spiritual retreat where one can feel grounded and safe. I am also a long time shareholder of Fannie Mae as my college roommate worked there for 25 years and guided me to make an investment in this Blue Chip company. I did so and held through difficulties, including assurance from regulators and management that the company was sound and would be restored (like the banks) with government collateral. Regulators declared the company sound a week before treasury put the conservator ship in place. Now, the company has replaced the capital that it (borrowed) and has paid the treasury back. Practically speaking, Fannie and Freddie can work well with appropriate oversight. Why cheat the shareholders, many of whom were community banks and savers by continuing the net profit sweep. I feel that this era in finance and governance will go down in history as a dark period of corruption of principles and people not seen before and hopefully not again.please use your good judgement and common sense and end this travesty and end the sweep, restore capital so that the mission can go forward and do the right thing for shareholders.
Thank you.