.@FannieMae & @FreddieMac have never made a 30-year FRM to a borrower. They’ve never made any mortgage for that matter. #PATHAct
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@FinancialCmte@FannieMae@FreddieMac What an idiotic thing to say. Both have strict criteria for underwriting such mortgages they then buy
@RykMo Fannie & Freddie are not lenders, they only buy loans made by others. The terms of a mortgage are up to the homebuyer & the lender.
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@FinancialCmte@RykMo You really don't know what you are talking about. Loan terms r set by GSEs if banks want to be able to sell loans. -
@RykMo The#PATHAct would eliminate the GSEs. Our point is that w/o the GSEs, a 30-year FRM would still be available. http://go.usa.gov/j2yJ - 1 more reply
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