Fannie Mae Preferred S (FNMAS)

[NobodyFromNowhere]

new buyers will have higher mortgage rates and fixed mortgages can't be sold with the property like they were in the 80's. that will bring home prices down and fannie credit losses up. expect them to add to credit loss reserves and require more capital.
all in, should play out okay for pfds.
commons will get nothing. if they do get something, it will be so diluted, it will be like trying to get drunk off of welch's grape juice.