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Comment

I believe that strong middle-class is the back-bone of a strong USA. I bought my home with Fannie Mae 30 year fixed loan and I know how important that is for the middle-class American to realize the American dream. Home ownership is an important positive force that grows families and communities and gives a goal in life and feeling of achievement to people. I believe in Fannie Mae(GSEs) and I have invested a large portion of my retirement in to these proud American companies. I really look forward for my children to benefit from it's services too. Long live Fannie Mae.
I encourage FHFA to allow Director Mel Watt to exercise his statutory authority under the Housing and Economic Recovery Act of 2008 (HERA) and end the GSEs’ woefully inadequate capital reserves by ending the Net Worth Sweep. As instructed under HERA, FHFA has guided the Enterprises back to a safe and solvent condition, accounting for future market liquidity and stability. A continued conservatorship and ongoing quarterly dividend payments will leave the Enterprises at danger’s doorstep in two short months, come January 1, 2018, when each entity is operating on zero capital.
The government has been paid back and there is no logical reason to continue the Net Worth Sweep, a practice that is counter to the interests of taxpayers and shareholders – a concern that has been echoed by Members of Congress, Director Mel Watt and Treasury Secretary Steven Mnuchin. As conservator, it is the Agency’s rightful duty to protect taxpayers from another bailout and to uphold the rule of law.