Fannie Mae Preferred S (FNMAS)

[brandemarcus]

Fannie vs Freddie : From the 10Q's Fannie has 8 billion a year in guarantee income vs about 4 billion for Freddie. Fnma guarantees about 2.7 billion in mortgages vs Freddie's 1.6 billion. Either Freddie measures fee income different or Freddie needs to charge more? If Freddie charges less why don't they pick up more business?

On a another topic , with the back up in 10 year rates there could be 1 billion or more in derivative gains for fnf this quarter?