This means that the Liquidation Preference will go to zero so don’t be concerned with it.
To many people here constantly squabble about who’s getting paid first. It may be important to you since your in deep at 5m. To me and many others here it’s that we get paid period.
I only have a small investment here approx 150k shares of Fannie and Freddie common so I could care less if I get paid first.
Inertia will likely be the status quo for a while as the current administration doesn't want to be seen as giving a break to hedge fund billionaires when millions of hard working American families are getting shut out of the affordable housing market and the financial divergence between lower middle income and higher income Americans continues to expand.
Do you think that the 4th Amendment was enacted to deny the new administration access to free money and continue shrinking the gses footprint or was it done to eliminate the chance for prospective relief in Collins (which the SCOTUS bought hook, line, and sinker) or both?
With inertia in the executive and legislative branch of government the only one left is judicial.