Fannie Mae Preferred S (FNMAS)

[feralcomprehension]

Chris sed: "Mkt says 50s are better vs. 25s as they ALL may be called in, as interest rates are higher; the difference is liquidity, but if resolution is swift, 50s are better"

For whatever reason I never really reviewed the 50's prospectii; they're not callable?

I hold 'CKJ only (in the pref realm), chosen because a) I could buy them, b) best interest rate, c) since they never paid a single div they have slightly better legal standing with respect to damages wrought by conservatorship, d) call window open only every 5 years starting in 2012.