Fannie Mae-No Politics (FNMA)

[LuLeVan]

Perhaps the JPS drop because they are pricing in the approximately $1 payout they will receive when the Lamberth ruling becomes final (similar to "ex-dividend" trading).

Could it be that the parties to the lawsuit will declare at the time of the ruling that they do not intend to appeal, and therefore no further 60-day waiting period is required for the payout?