Fannie Mae Preferred S (FNMAS)

[jwnoble3]

When will they release them from Conservatorship?

I'm thinking they (FHFA & TSY) want the Bank lawsuits and put-backs completed before any big move is made. The two GSEs can continue their reform, single-platform securtization, and portfolio wind down outside of conservatorship, while not being utilized for other policy (ex: paying for a payroll tax cut).


FYI...I just wrote my congressional reps (via thier website)

Can find yours at: http://www.contactingthecongress.org/


Letter was brief

"Dear Congressman/Senator (add name)

As partial owners and with the GSEs recovery we are urging thier release them from conservatorship. These companies have done a great job with the raising of fees and raising the criteria of the loans. As real estate owners we feel this release would further bolster the market and that the two GSEs have served the US quite well in good and bad economic times. The two GSEs can continue their reform, single-platform securtization, and portfolio wind down outside of conservatorship, while not being utilized for other policy (ex: paying for a payroll tax cut)."

We truly appreciate your consideration

Sincerely,
JW