Fannie Mae (FNMA)

[Robert from yahoo bd]

I think the gses are in a very sweet spot, their book of business is as solid as it has been in decades, they have great market share, the pls market has been neutered (so no race to the bottom), the need for private capital in a 1st Loss Position was highlighted last March 2020, they are retaining earnings, the governments unclean hands have been exposed, an imminent USSCT ruling that could permanently return $30B of capital and end the LP, all previous conservatorships have been temporary, the refi fee, want more...