Fannie Mae-No Politics (FNMA)

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Yep. Pretty much. Now we don't know for sure if Freddie will take those DTAs this quarter, but all recent reports indicate it will likely happen.

Depending on the continued profitability, I really think they could cut a final check in December (Q3 earnings) that will make dividends paid equal to treasury draws. If not, no later than spring 2014.