Wednesday, September 11, 2019 4:31:29 PM
“We expect a deal prior to Sept. 30 in which Fannie and Freddie
will stop paying a quarterly dividend to Treasury,” Jaret Seiberg,
Cowen’s managing director, wrote in the note.
“Instead, they will pay a commitment fee for the outstanding preferred
capital line.
This means they can retain the rest of their profits in order to rebuild capital.”
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