Fannie Mae-No Politics (FNMA)

[FOFreddie]

Thanks Guido. We are still waiting for the 5th Circuit to set a date for the En Banc oral arguments for the appeal of the remand of Collins v Yellen. Fingers cross for the Lamberth class action, but we should manage expectations since Mr. Market has not given us any indication that the plaintiffs will win. If we win - it will be the beginning of the end of the USG misappropriation.