Fannie Mae-No Politics (FNMA)

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While today's appeals court ruling most likely means Fannie Mae (OTCQB:FNMA -29.2%) and Freddie Mac (OTCQB:FMCC -31.3%) shareholders aren't going to get satisfaction in the court system, there's still Treasury Secretary Steven Mnuchin and his desire for changes at the GSEs, says Bank of America's Ralph Axel.
It's unclear what Mnuchin means when he says that, but it's possible he's talking about the net worth sweep.
The timeline for Mnuchin dealing with this is unclear, but Axel suspects sooner rather than later.
Source: Bloomberg