Replies to post #619635 on Fannie Mae-No Politics (FNMA)

[Patswil]

what would you estimate share price if
30B is returned, seniors declared payed, and warrants either not exercised or sold back to the twins

How much do the GSEs make quarterly? 30B is too low IMHO

[Guido2]

Not Patswil, but would like Patswil to consider the following when he comes up with his figures:

WARRANTS BUYBACK: FHFA & Treasury define "fair value" as closing price of the prior 20 days in their agreement. This would be roughly $8 billion for Fannie and $5 billion for Freddie.

EQUITY: Current Capital plus Current Reserves plus $30 billion less JPS.

EPS: No comment. (Defer to Patswil's expertise.)