(1) new Federal national mortgage association while the Government Financial Financial Company (labeled in this section collectively since enterprises), in addition to Federal Home loan Finance companies (known within this area as the Banks), features essential societal missions that will be reflected regarding laws and you will constitution Serves installing banking institutions plus the businesses;
(2) as the continued feature of Federal national mortgage association and the new Government Home loan Financial Firm to do their personal objectives is essential so you can getting homes in america in addition to health of one’s State’s discount, better Federal regulation is required to reduce the likelihood of incapacity of the people;
(3) due to the newest doing work procedures of one’s Fannie mae, the newest Federal Financial Home loan Company, as well as the Government Mortgage Financial institutions, the newest businesses and the Banking institutions currently perspective reasonable financial danger of insolvency;
(4) neither the fresh new enterprises neither financial institutions, neither people securities otherwise loans awarded by the companies and/or Finance companies, is actually backed by the full faith and credit of one’s United States;
(5) an entity controlling brand new Federal national mortgage association together with Federal Financial Home loan Organization need to have enough independence about companies and you may special-interest groups;
