Fannie Mae-No Politics (FNMA)

[JOoa0ky]

Most of the lawsuits go away with conservatorship exit, conversion of seniors, exercise warrants, and convert JPS.

All of the above essentially meet the "ask" by the plaintiffs, thus closing off most of the cases.

An Admin Action will most likely be challenged by new litigation relating to MQD issues if the action has policy objectives imbedded in the Admin Action. Would expect MQD litigation regarding the LLPA mortgage subsidy of low credit rating borrowers by high credit rating borrowers. The Admin needs to settle the law suits if it really wants to have any chance of being successful with an Admin action.