Fannie Mae-No Politics (FNMA)

[navycmdr]

Capital buffer chatter sends GSEs sharply higher

Sep. 14, 2017 1:36 PM ET|By: Stephen Alpher, SA News Editor

-- The move began late yesterday afternoon after six Senate Democrats called on the FHFA and Treasury to let Fannie Mae (OTCQB:FNMA +13.5%) and Freddie Mac (OTCQB:FMCC +13.3%) begin to build capital.

-- This morning, Cowen's Jaret Seiberg said he could see the FHFA either allowing a small capital cushion or changing when it collects dividends from the two. He's not expecting quick action from yesterday's letter, noting some powerful names who didn't sign: Sanders, Warren Schumer, Durbin

Source: Bloomberg