Replies to post #717136 on Fannie Mae-No Politics (FNMA)

[MoneyRobot]

I am. I bought some FNMA commons. JPS is up to about 10-13 cents on the dollar. Still good monies ahead to be gained. But, I chose to buy the FNMA commons because they are not apart of the Class Action....go figure

[Brooge warrants cancelled]

Fannie CEO resigns

[Patswil]

FHFA Is Working With Fannie/Freddie To Help End Conservatorships
Apr. 08, 2022 12:13 PM ETFederal Home Loan Mortgage Corporation (FMCC), FMCKJ, FNMA, FNMASFMCCG, FMCCH, FMCCI, FMCCK, FMCCL, FMCCM, FMCCN, FMCCO, FMCCP, FMCCS, FMCCT, FMCKI, FMCKK, FMCKL, FMCKM, FMCKN, FMCKO, FMCKP, FNMAG, FNMAH, FNMAJ, FNMAK, FNMAM, FNMAN, FNMAP, FNMAT, FNMFM, FNMFN, FNMFO, FREJP22 Comments1 Like
Glen Bradford profile picture
Glen Bradford
4.53K Followers

Summary
FHFA's Sandra Thompson says the GSEs have barely any capital and that adequate capital is a precondition for exiting conservatorship.
Sandra Thompson says she can't unilaterally end the conservatorships, presumably because the Senior Preferred Stock Purchase Agreement with Treasury prevents raising capital.
Sandra Thompson says that FHFA is committed to working with Treasury and is working with the enterprises to take steps to end their conservatorships.


https://seekingalpha.com/article/4500467-fhfa-working-fannie-freddie-end-conservatorships?utm_campaign=twitter_automated&utm_content=article&utm_medium=social&utm_source=twitter_automated