Fannie Mae (FNMA)

[contrarian bull]

HR 4560 was "Ordered to be reported" by the Financial Services committee yesterday. Next step would be to put it on the calendar for a full House vote, but I don't see it on the calendar yet.

There is still plenty of time to get it on the calendar and voted on, but then it would have to go through the Senate... then maybe get tacked on to the tax bill or the budget bill.

That is a lot of steps and this thing is not a slam dunk bill. They might not think this is important enough to jeopardize the tax bill or their Christmas recess. But - as slow as congress is - they sometimes move extremely fast if they are trying to slip something through before it gets noticed by the MSM.

In my opinion it won't get serious action until after Jan 2nd - and that leaves a window for FHFA or Treasury to do something to head it off. But if congress sees that as a threat they might jumpstart the jumpstart2 bill...

At least it's not boring lately...