Wednesday, April 26, 2017 10:43:08 AM
Various groups have been reversing course and supporting some type of recap and release. Major news outlets have been following and reporting at least once a week, and asking questions.
Some members of Congress have been slowly doing an about face and digging into the facts.
Sec. Munuchin continues making positive statements for fixing F&F. Says they have been having meetings on the subject and have received a lot of good ideas. Has said they expected to get moving on it after tax reform is under way in the 2nd half of 2017.
I still believe the claims court is in our favor. Watch out if the documents are released and they get into news, it could put a lot of people in DC in a precarious position.
My opinion is 2nd quarter payment could tell a big story. I think they only take a partial next time and use the rest for capitalization before a full recap process starts. Release, I believe could happen in mid 2018. I do not see why they would have to be fully recapped to end conservatorship. Obamacare and tax reform have to be addressed.
This is my opinion only, as I cannot actually see what is happening in treasury, FHFA, or F&F. Only connecting dots from news, courts, and of course a lot of people like me on these boards who have been holding for a long time. My thanks to many of you for staying on top of it.
I have had fannie since 2008, only wished I had not sold the bulk of it off.
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