Fannie Mae-No Politics (FNMA)

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Just because Watt has a confirmation hearing in the coming week, does not in any way guarantee that he will be voted in by the Senate (he needs 60 votes I believe). The GOP largely doesn't want him to hold the FHFA director position.

In fact, Watt is strongly in favor of providing current loan holders with more relaxed refinancing options, as well as forgive some outstanding housing debts. By doing so, in my opinion, he is partly undoing some of the hard work FnF have done to decrease the government's bond buying risk.

As far as shareholder interests are concerned, it seems like DeMarco at least has a plan for exiting the conservatorship, while Watt's mission is unclear at this point.

Of course, all IMO...