Fannie Mae Preferred S (FNMAS)

[skibrian]

ha ha!!! this the best negative news they could find?!?!?!?!

" More importantly, Fannie Mae continues to use questionable methods. Its use of “inverse floaters,” which are bets on homeowners staying in expensive mortgages, received some congressional scrutiny last year.

The company said it stopped making the bets, but you can see the problem here. Fannie and Freddie are still overwhelmingly the biggest buyers of mortgages in the country. The government backs more than 90% of such loans — more than twice the amount it did a decade ago. "

http://www.marketwatch.com/story/fannie-mae-and-fuzzy-math-2013-04-02?siteid=yhoof2