Replies to post #638659 on Fannie Mae-No Politics (FNMA)

[Commons_Cancelled]

Excellent! JPS will probably be in the money after this Quarter or for sure by 4th Quarter.

I wonder if that's why we're seeing so much strength in the Jr. Preferreds in comparison to Commons.

Once the GSEs hit their capital buffers, everything else gets swept to the Treasury.

Interesting that the capital buffers are just enough to make the Jr. Preferreds whole. Isn't it!?

[Brooge warrants cancelled]

Yes