Fannie Mae-No Politics (FNMA)

[Stern is Bald]

They are looking at all options, but, what other option has 93+ billion in cash reserves and spits out $$?.... My only guess that what is holding them back are these pending court cases and how to navigate that quickly before the election year... They also know the republicans once back in office might not release these in a way they want. This year should be the year we hear real rumblings...

Just like in the Trump WH they didn't want to do anything like this too close to the election and Calabria had like 6 months to do anything before that year and all he could do was internal reforms to stabilize the GSEs and halt the sweep.

Nothing is as political as the GSE and it's a ton of $$ involved now and long term... I do see Biden as going forward w/ a release framing it as a "housing crises" is how you swallow this pill and w/ them ramping up these meetings a week after mid-terms something is brewing. Good thing is a house led GOP will not reform these this will be an admin release if anything. Putting a restructuring bill in a divided congress will never happen.

https://www.spglobal.com/marketintelligence/en/news-insights/trending/og6durjxiie41kawguzljw2