Fannie Mae (FNMA)

[navycmdr]

Whalen & friends: 2 problems with the GSEs -
1. Moody's will be forced to downgrade Fannie/Freddie's credit if they exit conservatorship.
2. The GSEs' work culture is like the U.S. Postal Service. Operationally incompetent.

Howard's (Fannie ex-CFO) reply:
1. No operational…

— Alec Mazo (@Alec_Mazo) April 15, 2024

1) Fannie and Freddie had an implied guarantee for years without impact to ratings 2) today they would exit with a periodic commitment fee that provides a stand-by line behind significant statutory and regulatory capital. It seems Chris is playing for the greedy asset managers…

— joshua rosner (@JoshRosner) April 15, 2024

@rcwhalen
2 problems he states are LIES.

He is corrupt.
He is FAKE NEWS.#fanniegate $fnma

— MIA (@MIA95629998) April 16, 2024

Good Morning Joshua,
A recent quote from the former CFO of Fannie Mae”The companies have over $125bn of capital and growing every quarter..The chances of them tapping into the paid-forTreasury line are minuscule.”Leads to question why an exit strategy hasn’t been implemented?

— d.l. (@outerspace987) April 16, 2024