Fannie Mae-No Politics (FNMA)

[along4zride]

IS IT TRUE THAT CONSERVATORSHIP WILL NOT END THIS YEAR

Yes. No possible way. Congress is set to start their summer recess

July 31st and when they return they will have a full plate to deal

with such as immigration and veteran affairs the GSE issue will not

be resolved anytime soon. With this will come total profit sweep

of the GSE's for 2nd Q as normal. Uplisting is not in the picture as

well. In summary expect (FNMA) PPS to continue to drift south as

there are no reasons at all for an increase.