Fannie Mae-No Politics (FNMA)

[big-yank]

Many of the Fannie Mae preferred shares have specific redemption windows which must be followed under terms of the initial offer. The next window to redeem the FNMAS shares I own would be in December of 2018, so speculation on just wiping all these out is just nonsense.

The coupon rate pay on all Fannie preferred series is only about $1 B per year. The math to retire all this debt via redemption makes no sense vs. just paying all or partial divvies and using the balance to recapitalize.

JMHO.