Fannie Mae-No Politics (FNMA)

[Donotunderstand]

4. If Steve Mnuchin is confirmed then we look for the beginning plans and efforts how this statement by Mnuchin will be carried out:

“It makes no sense that these are owned by the government and have been controlled by the government for as long as they have. In many cases this displaces private lending in the mortgage markets and we need these entities that will be safe. So let me just be clear— we’ll make sure that when they’re restructured they’re absolutely safe and they don’t get taken over again. But we gotta get them out of government control.” - http://www.foxbusiness.com/politics/2016/11/30/steve-mnuchin-time-to-jettison-fannie-mae-freddie-mac.html Mnuchin also said the incoming administration “will get it done reasonably fast.”

The new Treasury Secretary can quickly and greatly influence and work to change the provisions of SPSPAs, the net worth sweep, capital reserve reduction, senior preferred stock, warrants and more.