What is so outrageous is that even after the crash the gubmint has continued using FHA/Fannie as a affirmative action giveaway and to prop up the housing market. They are still pushing 3% down loans after the mess they made! No way the community organizer gives up control of this. Too many blacks benefit.
Not only have they continued, but put them in overdrive, guaranteeing either new loans or re-refis.