Fannie Mae-No Politics (FNMA)

[Letgoofmyfannie]

More Important Stuff--

This is from Seysmont, someone that you should pay attention to, from over on the googboard:


"" seysmont
7:35 AM (53 minutes ago)

I think consent agreement is the temporary agreement to layout exit plan. They hit a certain capital, and they can be out, much lower than what sound and solvent implies. But then they will have to build capital to whatever level. MC doesn't understand the timeline here. This is a typical government privatization. Those are generally fast. Just dump their stake and get out. Investors don't want to buy the GSE's equity under uncertain conservatorship with uncertain threats. It's pretty clear that the show for the Congress has ended. MC already raised multifamily limit. Nobody wants to put their money ahead of the UST if there is nothing in it for them. Nobody wants to deal with the government grandstanding unless they get paid for it.