Fannie Mae-No Politics (FNMA)

[RumplePigSkin]

Nats - once Calabria is gone all bets are off. If the new FHFA director wants to provide more favorable terms to FnF on anything, any CRP, etc., then the old is replaced with the new as long as FnF agree, hence “favorable.”

Calabria will not be around for a capital raise.

Trump losing really threw a wrench into JPS plans. T-Minus 21 days ...

Why did Brickman leave? What is the rush to raise capital under Biden? Calabria’s fate is sealed politically speaking.

I think a Big Bang is a bridge too far and believe just a PSPA amendment is all we get to help us on our way in retaining capital.