.@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@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
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@FinancialCmte THAT'S highly debatable and very speculative on your part! Banks won't hold them -- their liability structure won't allow itThanks. Twitter will use this to make your timeline better. UndoUndo
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