Fannie Mae-No Politics (FNMA)

[CatBirdSeat]

Height Securities updates on GSEs

Height Securities says the outlook for Fannie Mae (OTCQB:FNMA) and Freddie Mac (OTCQB:FMCC) improved significantly over the last week as housing finance reform was taken up by Congress.

• "While a copy of the draft is not available at present, there are some additional details emerging. The GSEs will either lose their charters or the charters will be very limited. The entities will be considered guarantors and regulated by the Federal Housing Finance Authority," updates the firm.

• "We expect the GSEs will continue to operate in conservatorship until they are recapitalized," adds Height.
• Source: Height Morning Commentary


http://www.seekingalpha.com/news/3317712