Fannie Mae-No Politics (FNMA)

[FOFreddie]

Hi Fannie Heyyyy - Low chance rather than No Chance. The FHFA could release the GSEs if POTUS directed the FHFA and UST to do so. With the JB Admin - it really is a political calculation and a long term policy consideration. Would a release be a net political positive for the 2024 election? Do the affordable housing advocates like Parrot and Bernstein want to risk loosing control of the GSEs to implement the Utility Model from a long term policy point of view. If DJT wins the Utility Money and a lot of the affordable housing initiatives go away. Does Sherrod Brown get reelected? Will Brown's legacy be a lost opportunity to restructure the GSEs in the Utility Model framework?