Fannie Mae-No Politics (FNMA)

[FOFreddie]

Thanks for all the info! For what it is worth - I own FMCC JPS and Common and will NOT opt out. I was considering opting out for FMCC Common on one of my accounts but decided that there could be a legal downside regarding the "standing" issue that FFF Facts raised.

If the UST wants to settle this is a golden opportunity - settle Lamberth and start paying divs on the JPS and FMCC common as part of the settlement. We should know in a couple of months if this suit is going to survive the motion for summary judgement and we should go to trial in the 3rd quarter if we do survive summary judgement.

We should try to get info on what percentage of each series of JPS did opt out and how much of the FMCC common opted out. If these are small numbers the Plaintiff lawyers will have all they need to offer the UST a way to resolve most of the legal issues and go ahead with the Calhoun Plan.