Replies to post #488908 on Fannie Mae-No Politics (FNMA)

[pauljon4]

Sorry Glen, should have read the fine print.

[Joseph_Otting]

That just means JPS don't have the "Right" to Convert to Commons. That does not mean the FHFA/Companies can't request the JPS to Convert by means of a 2/3rds majority vote.

I'm not sure what Contract Commons/JPS entered into. That sounds fishy.