Fannie Mae - You SUCK!

So - Mr President Obama has this ambitious plan to help all mortgage holders and encouraging all of us to refinance. However, he's forgetting that Fannie Mae SUCKS. They don't care if your house appraisal comes up about 100k over what they say your house is worth. They will WITHOUT any appraisal of the neighboring houses will set their price and not budge from it! So what can the home owner do? Refinance with a different lender - and put in money again (to make it 5%, 10% or 20%) or what not, and cannot take advantage of the Homeowner Affordability plan.

So in short - Mr President - your plan sucks!