Subject: is this confidence inspiring?
Fannie and Freddie are supposed to go public soon. If the thrust of this article is true, that the programs are being used to advance a partisan, political, agenda, rather than lubricate the mortgage industry, who would want a piece of it?
Pulte and other Trump loyalists at mortgage regulator clash with Fannie and Freddie staffers
“This reliance on a buddy system – in which people are getting into positions because of their political or personal connections – is unprecedented at these organizations,” said Richard Painter, a Bush administration ethics attorney who co-authored a book about ethical lapses in the banking industry and the 2008 crisis. “It’s a potentially explosive and dangerous situation that could be damaging not only to the mortgage industry but to our economy as a whole.”
https://finance.yahoo.com/news...
Steve