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  • Comment Detail

  • Date: 10/21/17
    First Name: Philip
    Last Name: Posey
    Email: peposey@bellsouth.net
    Organization Type: fannie mae
    Organization: Self

  • Comment

    I would like to 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 GSE's woefully inadequate capital reserves by ending the Net Worth Sweep. I am an individual share holder of Fannie Mae. I bought this stock many years ago in firm belief that it would be a great American company and rebound with the rest of the companies after the recovery. I am a Memphis Firefighter who has purchased three houses throughout my lifetime. All of them have been with the 30 year mortgage. Please keep these companies intact and release them. They are part of the American Dream. It has been proven that their business model works. Release the company and let the people that work their do their jobs. Keep politics out of it.

    Thanks