Fannie Mae-No Politics (FNMA)

[Potty]

Delinquency will only get worse into Fall -- this inept stoppage in unemployment will panic a bunch of people into various categories of deferal, delinquency etc

Calabria has said that admin action can only take place if economy is right -- the economy is WORSENING and so is risk of no admin action

A lot of people here debate common vs pref, but you need to start discussion admin action vs NO admin action -- odds are lengthening against action imho

But carry on like Bradford, stick your head in the ocean, dream about the possible gains, and ignore the risks... it usually ends badly