Fannie Mae (FNMA)

[MannSinger]

Great News hiding in Treasury report=2%-3% cap needed

"Examining the impact of Basel III capital standards on secondary market activity in securitized products;"

Watt said 2%-3% cap needed for GSEs - secondary market in securitized products.

Now Treasury is examining the impact of Basel III (5% cap) on secondary market in securitized products. That means treasury will reduce it from 5% to 2%-3% for secondary market in securitized products.

That's why late hour liftoff on Friday which is rare.

Have a great weekend