Replies to post #612310 on Fannie Mae-No Politics (FNMA)

[stink stack]

Let's all try to be positive and make some money. ;)

[TRCPA]

There are a couple of months to readjust the FHFA/Treasury mindset. What we are seeing is the first stages of doing so. Although the negativity towards Calabria may depress investors in the short term, comments and adjustments to this process can and likely will swing the pendulum back the other way.

You know the mindset of the marketplace by now. Its run by fear and greed in the short term, and rational analysis in the long term.

This is just another blip in the long and winding road toward release and recap. Nobody yet knows how it will finish. But the timing looks pretty good to me. The real concern remains the economy, in my view. And that concern should be alleviated with a covid vaccine sometime near the end of the year. And that will release a tidal wave in the housing marketplace, months before the recap actually takes place.

So assuming the capital standards get adjusted appropriately.....more to the tune of what Maloni, Rosner and others have been saying....this is setting up quite well for legacy commons for the summer of 21, in my opinion.

And all of the above doesnt even scratch the surface of remedies that the courts are still pondering.

[Potty]

Yank, I agree that the momo just got zapped and that we sit (or slowly fade) till news -- and a market correction will take the FnF securities along for the ride to some degree

But I don't blame Maloni and Howard. Anyone who can read Calabria's rule sees that we just injected another risk -- that either investors will say "No Bueno" or ask for punitive prices

Hopefully Calabria will be brushed back. I cannot remember whether alterations to the rule require further comments, or can Calabria make alterations and then issue the rule? More time and then we are sitting before Maxine Waters while she peels the flesh off the RnR...

[amelia43]

Yank, what did Howard and Maloni say? I give up reading Howard because every article he puts out is like a friggin PHD dissertation that goes on and on, good grief!

I am feeling that you are not as positive about this as you were just a few weeks ago?