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  • Comment Detail

  • Date: 07/07/18
    First Name: Gordon
    Last Name: Lane
    Organization: N/A
    City: N/A
    State: N/A
    Attachment: N/A
    Number: RIN-2590-AA95

  • Comment

    My comment as a real estate and stock investor is that I strongly support a Financial Market Utility structure for the GSEs as proposed by FHFA, Director Watt, key legisltive Senate and House leaders and many affordable housing, banking and fiscal conservative advocacies. Under Dodd-Frank the utility model needs to be considered under FSOC guidelines and the designation of Fannie Mae and Freddie Mac as non-bank SIFI enterprises. This would require higher capital standards be adopted than this current proposal. There is NO conceivable rationale for not designating the GSEs.

    My further comment is that shareholders seek to overturn the Amendment 3 provisions, claiming their interests are being undermined when the truth is that share prices for both common and junior preferred stocks have actually risen substantially after the Amendment 3 revised agreement was announced in mid-2012 and actualized in 2013.