Fannie Mae-No Politics (FNMA)

[M I A]

If $$ should have gone somewhere and not swept then aren't there only three options?

1. Sp deemed paid and return $27+B toward recap / retained

2. Return $125+B toward recap/retained, reduce inflated lp number back down to $189B ( so Sp debt still remains)

3. Return $125+B to shareholder as dividends so we can party like rockstars

1 or a combination of those three?

If not swept, what other option besides the three above would a shareholder reasonably expect?

I expected paydown first while recapping simultaneously.
So maybe 80% over 10% interest was sent to paydown and 20% of the overage toward recap. Then when finished, dividends.

Thoughts

JMO