Fannie Mae-No Politics (FNMA)

[cclose1]

I am going to disagree with you on this one. The SPSPA is a CONTRACT and not a statute or regulation. As such, the wording definition act 2010 and the supreme court case are actually bared by the parol evidence rule. The court "must" look to the four conners of the document first. If shall means "may" or "maybe" then "shall pay to Purchaser quarterly" means the payment of dividends is also optional!