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  • Comment Detail

  • Date: 05/06/24
    First Name: Christopher
    Last Name: Thacker
    Organization: N/A
    City: N/A
    State: N/A
    Attachment: N/A
    Number: 2024-N-5

  • Comment

    As a single family homeowner and a taxpayer, I implore you not to transfer further personal lending risk in the form of a second mortgage onto these onto these entities. Interest rates should be much higher than for typical first mortgage given degree of default risk. Fannie Mae and Freddie Mac have proven to be "too big to fail" in the past creating significant moral hazard in the purchase of these loans. Any decision other than to veto this misguided proposal is a decision to further the US Treasury to bankruptcy and pass others' lending risk onto those who have saved and not taken such risk.