Fannie Mae-No Politics (FNMA)

[obiterdictum]

Hi ano,

There may be some confusion in the June 6, 2008 reporting of the source of the statements made by analyst Ed Mills of Raymond James Financial, Inc.

The common line repeated in digital media is:

Before any IPO, analyst Ed Mills wrote in a note, the mortgage giants, or government-sponsored enterprises (GSEs), need to build around $200 billion to $250 billion in capital reserves.

https://www.bloomberg.com/news/articles/2019-06-06/any-fannie-freddie-ipo-would-be-years-off-raymond-james-says

https://www.bnnbloomberg.ca/any-fannie-freddie-ipo-would-be-years-off-raymond-james-says-1.1269583

https://www.nreionline.com/finance-investment/any-fannie-freddie-ipo-would-be-years-raymond-james-says

http://wallstreetexaminer.com/2019/06/fannie-mae-and-freddie-mac-ipos-need-200-250-billion/

https://seekingalpha.com/news/3469582-fannie-freddie-ipo-years-raymond-james

Then an Inside Mortgage Finance by Paul Muolo article omits analyst Ed Mills and states that:

"Raymond James has issued a report estimating that any initial public offering by Fannie Mae and Freddie Mac could take three to four years."

https://www.insidemortgagefinance.com/articles/214919-short-takes-a-fannie-freddie-ipo-not-so-fast-20-a-share-when-in-doubt-pick-the-white-guy-category-if-cordray-was-running-the-cfpb-new-hires-for-waterstone-loanlogics?v=preview

So, is it an unsourced Ed Mills note or a Raymond James Financial Services, Inc. report?

So far neither a Raymond James' Washington Policy Analyst Ed Mills note (research, report, twitter, email, etc.) nor a Raymond James Financial Services, Inc. report has been found.