Fannie Mae (FNMA)

[RumplePigSkin]

Let’s see if the next nominated director is a utility advocate.

Pre-Collins, I’d say the gov would need to have congressionally approved legislation to change the GSEs business model to a utility model.

Post-Collins, I’m not sure FHFA needs anyone’s approval to transform them into utilities. All an FHFA director needs to say is, “It is in the best interests of the companies per my sole discretion as ward of the GSEs, and given the sound business judgement of my proposal, I have decided to transform the GSEs into utilities.”

I say this semi-facetiously, but wouldn’t be surprised at such unilateral actions …