Wednesday, November 19, 2014

Watt and LEW will end conservatorship before two years.

Watt and LEW will end conservatorship before two years.

watt and lew put in by obama. Lew was obamas right hand man.
watt will end this conservatorship before the next presidential race.
or right after the election. I doubt it would be then, but less than 23 months and counting.
fannie is leasing a 30 year lease for its new building.
Republicans would ruin housing by having banks run it. 20% down and 3% points higher rates. almost double. This can be played for dems to be a GREAT thing for america.
Risk sharing is already in place and will be the only way they do MBS in future.
Watt said he does not care to give his opinion on future of housing, he is dealing in the here and now.
Watt also stated someone has to keep the 5 trillion in mortgages fannie and freddie now have. If its F&F, hes fine with that, or some other unknown entity. The unknowns are not winning this race.

Jacob Joseph "JackLew (born August 29, 1955) is an American government administrator and attorney who is the 76th and current United States Secretary of the Treasury, serving since 2013. He served as the 25th White House Chief of Staff from 2012 to 2013. Lew previously served as Director of the Office of Management and Budget in the Clintonand Obama Administrations, and is a member of the Democratic Party.

Melvin Luther "Mel" Watt (born August 26, 1945) is an American politician who has been Director of the Federal Housing Finance Agency since 2014. Previously he served as the United States Representative for North Carolina's 12th congressional district from 1993 to 2014. He is a member of the Democratic Party. An attorney from Charlotte, North Carolina, Watt also served one term as a state Senator and served as campaign manager for Charlotte MayorHarvey Gantt.
On May 1, 2013, President Barack Obama nominated Watt as the next head of the Federal Housing Finance Agency, which among other agencies, administers or has oversight for the FHAFannie Mae, and Freddie Mac.[1][2] The U.S. Senate confirmed Watt on December 10, 2013.[3]

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