Fannie Mae-No Politics (FNMA)

[Commons_Cancelled]

JPS will be left hanging until SPO or even longer.

We'll see. Starting to wonder if there will ever be an SPO. Maybe Commons just get Cancelled after all?

I will bet Lambreth will give a ruling no-one likes on the jps pumper wagon.

Doubtful. Have you read the Remand? It basically tells Lamberth what he needs to do.

even Bove crying wolf four plus times now trying to unload his jps positions.

Incorrect. Bove still has a Buy rating on Jr. Preferreds and a Sell rating on Commons.

why are here and not on JPS board?

Assuming the SPO moves forward, then JPS have to be Converted to Commons. So it would seem Jr. Preferreds and Commons will be one in the same. Unless the entire thing gets derailed.

Thankfully the Capital Buffers will be enough to cover the Jr. Preferreds soon. So even in Receivership, JPS get paid while Commons get zeroed out. Yikes!