Fannie Mae Preferred S (FNMAS)

[jwnoble3]

The restoral of Jr Pref divis could be done by FHFA, possibly even the GSEs board if the continued timely payments are made to Tsy. Jr pref redemption, purchases, retirement would need Treasuries written consent (not Demarco or Congress).

"In accordance with the Senior Preferred Stock Purchase Agreement, until the senior preferred stock is repaid or redeemed in full, Freddie Mac may not, without the prior written consent of Treasury, redeem, purchase, retire or otherwise acquire any Freddie Mac equity securities (other than the senior preferred stock or warrant)."