Replies to post #603771 on Fannie Mae-No Politics (FNMA)

[Louie_Louie]

Pref's always, always, always neglect to say they are non cumulative! So basically the GSE's can deny interest to be paid forever if it suits the businesses needs. Does that mean commons won't get a divvy? Sure, but it won't stop commons from price appreciation. Now if your pref's and GSE's say no interest payments for 5-6 more years....where will that leave them?