Replies to post #584035 on Fannie Mae-No Politics (FNMA)

[Commons_Cancelled]

It appears the CMLA is long GSE JPS stock. This is another great ally for $FNMA and $FMCC.

I'm curious if they only own Jr. Preferreds or if they also own $FNMA Commons.

We know several of the small banks were screwed over by the Conservatorship since they held a lot of JPS.

The more allies the better!

[955]

Yep, these guys are in the trenches. They know their stuff.

WOW!! Great support from community bankers!! 2nd article today pointing to a recap plan in place by mid 2020?

[YanksGhost]

I am astounded to hear support for the Community Lenders position. Fisrt they say the SPS should be retired because all of the payments under the SPSPA made in senior dividends exceed the contractual 10% as stipulated. Then they go on to obsrerve that the 79.9% warrants are valid ans proper.

This view is certainly not favorable for common shareholders holding on for some, eventual payday.