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Re: kthomp19 post# 551466

Tuesday, 09/03/2019 5:21:32 PM

Tuesday, September 03, 2019 5:21:32 PM

Post# of 798332
Considering the $600k Pay Cap, I imagine Management will want to get this Recap done sooner rather than later. The $600k Cap will go away once the GSEs are out of Conservatorship.

$FNMA's Management team will likely propose the quickest Recap possible in order for Sr. Management to be in a position to make the money the deserve.

Fast Recap = Give Away a lot of Equity to the New Money wink