Let me start by saying, that no one was even qualified to run them making millions. It was at all times fraud and the cover up they have cost tax payers is insane. Lets not forget they got together with the “elites” to form MERS, knowing where it would find itself today with all missing papers.

Sadly, I bet you could only find an honest person $200,000 a year to run them!

HW-

Efforts to find a solution to the government-sponsored enterprises continue to spin in circles. This is especially frustrating for Federal Housing Finance Agency Acting Director Ed DeMarco and the CEOs of Fannie Mae and Freddie Mac.

To date, the only meaningful change is the move to abolish bonuses for the chief executives.

Sadly, this will only make things worse, as there is no one willing to do the job necessary to run the nation’s housing for $200,000 a year.

[HOUSING WIRE]

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