Fannie Mae-No Politics (FNMA)

[44centsAKAchoccake]

[[now that we have a left (some would say far left) administration for four more years, i don't expect govt backed investments to go anywhere. in fact, i'm expecting those investments to grow.]]

I don't think O is especially left, basically pretty moderate, imho. Granted, the teabaggers don't see it that way (all they see is a black guy in the WH, lol).

I think O does value a "new deal" institution such as Fannie Mae, created in the 1930s, to help create a national mortgage market. Its worked well since then, although it seems Fannie takes some heavy losses about once every 20 years. 2004-2008 has been rough, but we are working through the bad mortgages, and will be moving on up someday soon.

I think FnF will do well in the next few quarters (I like the preferreds better though).