Freddie Mac (FMCC)

[CatBirdSeat]

4th Amendment Coming. Common to the Moon. JPS refinanced (Not converted).

https://gatorcapital.com/research-article/gse-preferred-stock-2/

“As a next step for the GSEs, we expect the FHFA will release a plan in the 1st Quarter for the GSEs to exit Conservatorship. We believe the second step will be for a 4th Amendment to the Treasury agreement with the GSEs that will allow the GSEs to retain capital. Other components of the plan will probably include a preferred for equity swap and an initial public offering (“IPO”). The FHFA may also institute a reinsurance fee on the GSEs for a catastrophic guaranty.”