Fannie Mae (FNMA)

[along4zride]

Could get ugly this week. Hopeful investors bag (FNMA) of tricks is nearly empty and others are optimistic one more letter might do the trick as time on the GSE scoreboard is about to expire. The more experienced board veterans at this point are either short or in cash waiting for inevitable next PPS plunge. Probably a good idea to lighten load this week or just get out completely.