Fannie Mae-No Politics (FNMA)

[DumbDumberDumbest]

NYSE + Stock split 100x1 is my bet.
If the stock is worth $170 ps ($200ps FMCC) with the previous operations and projected 2018 earnings, if there is an overhaul of all the Housing Finance System, where the Small Banks will no longer sell loans to FnF, but will deposit them into the FHLBanks (less volume of business for FnF), the fair value is lower.
I've read that the big banks account for 75% of FnF's purchases, so FNMA's fair value would drop to $128.
More competition with the big banks will be offset with more business if the Government withdraws from the mortgage guarantee business (FHA, VA, USDA programs).
NYSE + Split 100x1 means the share price will be the same but we will have our number of common shares multiplied by 100.