Fannie Mae-No Politics (FNMA)

[Chronic The Hemp Hog]

Board postings are slow and have been slowing daily since Sept 30th after news that there wasn't going to be any sweep. There just isn't anything left to discuss that hasn't already been discussed because the GSEs are being held in limbo. The stock volumes have declined as well since Oct 1. No news = slow bleed. Its sad to know that with the litigation victory we are only $.30 above the previous pre-Enbanc decision highs.
The shares are currently undervalued in my opinion. The GSEs traded above $3 before Enbanc and should be valued in the range of $3.80-$4.00.