Fannie Mae-No Politics (FNMA)

[Cubshawk]

I think some were hoping the report would indicate the sweep wasn't going to be made this quarter. But of course Fannie and Freddie can't report that without an agreement with FHFA in place - so we should have expected their earnings report to say business as usual. That doesn't mean the sweep will actually occur, though. Plenty of time for Calabria to stop that before the end of March.