Replies to post #508781 on Fannie Mae-No Politics (FNMA)

[HoldenWalker99]

The Moelis Blueprint includes seven valuation methodologies ranging from $159-315 billion.

In scenarios where there is no legislation to add multiple guarantors and market share caps, I use $200 billion (simply assuming $20 billion annual earnings and 10 P/E that give 10% return).

[kthomp19]

what do you think these companies are worth?

I see market caps of around $150-250B combined. That's a bit lower than Moelis, but I think Calabria will curtail FnF's reach to the extent that he can do so by himself.