Fannie Mae-No Politics (FNMA)

[John Deere1]

After the Obama Administration announced that they will not end the conservatorship or the Sweep anytime soon, I reached out to some of my contacts within Congress.

I was told "off the record" that they believe this announcement could have been made in order to satisfy many GOP members prior to starting the debt limit/budget talks with the WH. I believe this is also the primary reason "Tim Howard" is taking a step away from his blog. In other words, he was told to step back for a little bit.

I fully believe that once the new budget/debt limit deal becomes law, resolution talks to end of the conservatorship and 3rd Amendment Sweep will begin and the WH will move swiftly. You will see Tim back in full force as well.

Buying Volume is back, short volume down yesterday. It should be a NICE November

KTF