Fannie Mae Preferred S (FNMAS)

[44centsAKAchoccake]

"There's no reason to give Congress another six years to fiddle around with housing finance while the poor and homeless face a declining level of government housing assistance each year. The only feasible path is to end the government's federal conservatorship of the GSEs and return Fannie and Freddie to their stockholders, with an ongoing mandate to fund affordable housing."

Funding a 0.42% affordable housing mandate isn't inconsistent with the conservatorship as implemented via the SPSPAs through 2028. That's obvious.

The SPSPAs are ok. The Third Amendment is not.