"When they call the roll in the Senate, the Senators do not know whether to answer 'Present' or 'Not guilty.” Theodore Roosevelt
(BREAKING NEWS, OP-ED) —
FHFA stands for Federal Housing Finance Agency:
- What it does:
- The FHFA is an independent agency that regulates and supervises Fannie Mae, Freddie Mac, and the Federal Home Loan Banks. The FHFA's mission is to promote a safer and stronger housing finance system in the United States.
- How it's funded:
- The FHFA is funded by a portion of the budgets of Fannie, Freddie, and the FHLBanks.
- Who leads it:
- The Honorable Sandra L. Thompson is the Director of the FHFA. She was sworn in on June 22, 2022.
- What it's responsible for:
- Ensuring the regulated entities operate in the public interest
- Addressing barriers to sustainable housing opportunities for underserved communities
- Overseeing the fulfillment of the statutory purposes of the regulated entities)
- Promoting the safety and soundness of the regulated entities
- Danny Hammond Version: The United States formed this entity to protect Fannie Mae (FNMA) and Freddie Mac (Federal Home Loan Mortgage Corporation (FHLMC)) from being sued by victims of their illeagal actions which facilitated millions of the fraudulent foreclosures.
- Fannie Mae foreclosed on $5 million worth of investment property that my wife and I had worked very hard on and and with earnings from other real estate projects we were able set the money aside to build these properties and we paid cash and had no loans.
- I am questioned often on how that can be true. Why do I think It is true? Because Fannie and Freddie which were not part of the government before the Obama administration took them over after their own internal fraudulent acts caused the spectacular failures of Fannie, Freddie, and Ginne, the Obama Administration made them part of the government (as state actors) and you can't sue the government. I have had a Federal Lawsuit against them since 2015.
- There are several recent court rulings that have determined that Fannie and Freddie are, in fact, not state actors.
