Tuesday, December 01, 2020 8:36:22 AM
The GSEs don’t have to do anything with JPS
right now. It’s money that was obtained long ago and
they are paying nothing in interest right now to have it.
JPS does not EVER have to be converted.
The GSEs can hold JPS until Cap Rule requirements
are met say 10 years from now then buy them all
out.
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