Fannie Mae-No Politics (FNMA)

[camaro4me]

Seems pps will rise 2020 2021

Watt originally proposed 3.24% or 190B. Calabria wants more like banks 5% or $250B. Maxine Waters wants much less so that affordable housing is not affected. Calabria is on record at the last hearing saying he needs to carefully balance the capital rule. In the end the final amount will be around $160B. I think that is quite reasonable. I would be shocked if it is any less. The GSEs can uplist to NYSE once consent decree is in place since conservatorship will be over. This is a requirement for the NYSE. Secondary offering the absolute earliest would be early 2021 as per Squidly. Probably more like late 2021. The more retained earnings in the bank the more successful the offering.