Replies to post #626240 on Fannie Mae-No Politics (FNMA)

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Wouldn't surprise me if 0.5% Refi fee was recommendation of JPM & MS to level the playing field. Higher GSE capital rule also levels the playing field with TBTF banks. Net result: Increased competition for GSE's, higher cost to consumer. Level playing field has been THE major complaint of TBTF banks for decades. Compromise between Obama wind down policies and the old GSE policies. DJT negotiating skills at work. Like it or not, this is the new way forward. The clouds of imprisonment are clearing. Exit from conservatorship is drawing near. Good time ahead if Biden kept from throwing a monkey wrench into the whole ordeal.

It's good and bad news. Good that Recap is likely moving forward, but Bad since this increase means Calabria's 4% Capital Rule is likely here to stay.

This capital requirement significantly hinders Commons' future price potential.

#Catch22

[Brooge warrants cancelled]

seriously?