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  • Comment Detail

  • Date: 10/18/17
    First Name: Mark
    Last Name: Banville
    Email: Mjosephbanville@gmail.com
    Organization Type: fannie mae
    Organization: N/A

  • Comment

    I strongly urge FHFA to allow Director Mel Watt to exercise his statutory authority under HERA and end the GSEs’ shocking 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. I am a regular person who has invested my hard earned money into Fannie Mae and would like to see profits directed back to the rightful people--the shareholders (since the government has been paid back, and then some).