Fannie Mae-No Politics (FNMA)

[FOFreddie]

$ 20 would be awesome - I am assuming $ 5 less but Pulte as Chairman could find ways to boost EPS. To me the risk is that the JPS gets converted before the warrants are exercised. Settling the JPS lawsuits could result in a consensual JPS conversion. Of course, this is all speculation, but we have many data points now, including the DJT Letter to Rand Paul and now the comments by Secretary Bessent regarding the SWF intended assets that the UST will end up with at least 79.9% of the common.

Looking forward to some stock option plan being implemented at Fannie and Freddie by Pulte as he has hinted.