Via TimHoward717.com
I want to apologize for the delay in getting the Coup update post up but as always I am sifting through an at times huge stream of data and opinions. I must then try disseminate this and compile it into an intelligible and simple post.This is further complicated by requests to not reveal too much or not to reveal too much too fast. We also place a top priority to ensure that those that wish to remain anonymous do so. I think you will all understand this and trust in your ability to read between the lines.

With that said, I want to call attention to a few different stories that have come to light the last few days. One that has received very little attention is the fact that Fannie Mae is preparing its largest risk sharing MBS sale to date. Another is the widely reported news of the new capital requirements that are being considered on the PMI companies that do business with Fannie and Freddie.

These are both critical moves to ensure that Fannie Mae (OTCB:FNMA) and Freddie Mac (OTCB:FMCC) are far better prepared to absorb losses in the event of another catastrophic downturn. The Pace that these moves are being put into place are especially noteworthy. With the legal cases quickly approaching critical junctures and the utter inability of congress to pass any housing reform at all there are those in DC that are preparing to move far quicker than anyone may anticipate.

 

Fannie Mae, Freddie Mac: Bloomberg


The other article I want to call attention to is the Bloomberg piece by Clea Benson entitled “Dive in Minority Lending Puts Pressure on Fannie-Freddie.” I don’t think this requires much analysis, but I will say that its become apparent that the elimination of  Fannie Mae (OTCB:FNMA) and Freddie Mac (OTCB:FMCC) would exacerbate this problem ten-fold. Clea points out “The numbers are stark: Blacks are about 13 percent of the U.S. population, but represented about 5 percent of conventional mortgage borrowers in 2001, before the housing bubble, according to data collected by federal regulators. By 2012, they were only 2 percent. Over the same period, Hispanics dropped from almost 8 percent of such borrowers to 4.5 percent, even as their share of the population grew to 17 percent.The disparities are set to grow.

Fannie Mae, Freddie Mac: Demographics

By 2025, minorities could make up almost half of the population between the ages of 24 and 34, when most first-time buyers enter the market, according to a June report by Harvard University’s Joint Center on Housing Studies.” The numbers don’t lie; the elimination of  Fannie Mae (OTCB:FNMA) and Freddie Mac (OTCB:FMCC) will lead to a permanent apartheid type American housing market. I am not the only one who sees that grim fact. Please take a moment and reflect on how these stories play into our theory that a democratic coup is underway to control just how GSE reform will take place in America.


I also want to take a moment now and recognize the superb job that the employees of  Fannie Mae (OTCB:FNMA) and Freddie Mac (OTCB:FMCC) have done in valiantly and steadfastly manning their posts in the face of constant bombardments from all sides.You all should stand proud in the fact that your companies have not only paid back the taxpayers but have delivered a seventy-six billion dollar profit to date. Unable to publicly respond to the lies that are spoken about them on a daily basis I stand humbled at being allowed to be your voice.Though it may seem so at times, you have not been forgotten and before this is over the truth will be known. Do not give up, do not surrender and always Keep the Faith!

Fannie Mae Freddie Mac
Fannie Mae Freddie Mac