Fannie Mae-No Politics (FNMA)

[RumplePigSkin]

There hasn’t been an answer as to when the JPS conversion happens ... 1 month, 1, 3, or 5 years? What is the rush? There hasn’t been one for 12 years. Why go from 0 to 120? To protect the taxpayer? FnF’s books are squeaky clean. They have the FHFA as regulator. They just survived a significant adverse event in Covid19 and they’re about to rush them to recapitalize? Doubtful ...

Add to that a more conservative administration... JPS better hope for consent decree, otherwise even their ACG buddies say it’s very bullish for commons.

All I see is no JPS answering the timeline question for conversion, nor do I see any JPS answering ACG’s analysis that a PSPA amendment wout consent decree is very bullish for commons. Those specific questions need to be addressed by JPS ...