Fannie Mae-No Politics (FNMA)

[obiterdictum]

Hi RCChristian,

i think en banc takes precedence over reform? en banc will change parts of reform plan?

Treasury and FHFA can voluntarily end the NWS and make the reform plan without consideration of a positive En Banc decision.

On the other hand, a positive En Banc decision ending the NWS can end the need for Treasury and FHFA consideration or effort to renegotiate the SPSPAs.

Which comes first?

A positive En Banc decision or a proactive Treasury/FHFA reform plan that ends the NWS by renegotiating/amending/voiding the SPSPAs.

Time will tell.