Fannie Mae-No Politics (FNMA)

[nagoya1]

Action, a poster from another board that I follow had this to say about today's late FNMA filing.

1manband Friday, 06/05/20 08:42:04 PM
Re: nagoya1 post# 173587 Post # 173588 of 173590

This is just a record keeping filing.

The Form 15 only covers the "8.75% Non-Cumulative Mandatory Convertible Preferred Stock, Series 2008-1, stated value $50 per share", which according to the filing, all converted to common shares in 2011. There hasn't been any outstanding for 9 years! No one at Fannie Mae seems to have bothered to terminate the registration! That is just sloppy regulatory compliance. No excuse for that.

It seems that they finally figured out their mistake and this rectifies it. The 17 other classes of securities, including the common stock, are unaffected by this filing and remain registered and reporting to the SEC.

Are the pencil necks getting everything lined up for something important at FNMA...