Fannie Mae-No Politics (FNMA)

[The Man With No Name]

do you see an SPO (aside from GOV selling its common shares - which "post agreement" say are 80% of the company - like now)

an SPO to raise more capital OR waiting say 2-3 years of earnings accumulation to get high enough capital

Thoughts ?

80% like now? Of course not. As you refer, Treasury for all intents and purposes owns 80% of the commons right now. That will change.

A SPO is necessary unless you want to wait another ?? decade. Depends on the size of the portfolio and profitability. KT tracks all that stuff.

My thoughts are simple. Nothing will be done unless Trump wins the election. Assuming he does, I think there's a fair chance the JPS will own 7-9% of a released FnF. I also think Treasury will not be charitable to legacy commons.

I also think any talk of "affordable housing" "equity" and "inclusion" that FnF would be in charge of is dumbassery and in opposite to release. The policy at FnF should be profitability, not social handouts. FnF will never be released by a Democrat administration.