Whoops once again

Alt-M is running a series of posts on Fannie and Freddie 

Despite the significance of DTI, the CFPB made Fannie and Freddie exempt from its post-crisis DTI limit, creating the loophole known as the "GSE patch” or "QM patch." Since the patch came into effect five years ago, lenders have dished out high-DTI mortgages at a rising pace, safe in the knowledge that Fannie and Freddie — by now in government "conservatorship" — would buy them. Sure enough, the GSEs obliged, so that — as the chart below listing Fannie and Freddie mortgage acquisitions shows — an increasing share of the loans they buy from lenders have been high-DTI loans.

 The Consumer Protection Bureau made an exemption for government backed mortgages that allow high debt to equity. Another one of Liz Warren's efforts to rig the financial system.

Thus, Freddie and Fannie have a down graded value, these loans are not marketable and if their is a crash, then once again, a bunch of poor people will lose their homes.  This is the wash, rinse and repeat cycle of Swampers.