Fannie Mae-No Politics (FNMA)

[kthomp19]

So you wouldn't consider purchasing a series like FMCCH? 5.1% dividend rate, $50 par, ask price $12.48 right now.

And it doesn't matter what your cost basis is, FMCCH at par represents a 300% gain from today's price, FNMA at $10 represents a 150% gain from today's price.

I have both as well, though I'm more tilted to the preferreds. Partially for "safety" (a tighter range of outcomes) and partially because of Glen Bradford's reason: the big boys bringing the lawsuits are in the preferreds for the most part, so I want to be aligned with their interests.