Fannie Mae (FNMA)

[obiterdictum]

The news report is vague (no specifics on % involved in redemption vs offerings for sale), pejorative (dumping, unloading), and dated (the debt securities "released" are on varying dates going back at least 3 years-not suddenly). There is no way to determine the impact from these news reports, especially when considering the dating, the small amounts involved, and the small number of banks reported. This report seems to be a "Chicken Little" hit piece under the title "The sky is falling, the sky is falling."

See: http://www.wsj.com/articles/j-p-morgan-readies-mortgage-backed-deal-1457997755
http://www.nationalmortgagenews.com/news/secondary/why-banks-are-dumping-fannie-freddie-debt-1078955-1.html