Replies to post #760222 on Fannie Mae-No Politics (FNMA)

[BREAKER098]

That's where you and I diverge, Bubba. Any reasonable person would say the loan has been paid back and there is no reason to convert the SPSPA to common OR the JP's. For as strongly as you and others hold that view - there are many more that disagree. Time will tell. Until then, BLAH BLAH BLAH. Go figure...

[Mnemonic]

Thanks for the info. Thought you meant 70% par, which I would have taken in a heartbeat. 70% haircut is ridiculous, IMO.

[Donotunderstand]

35% (haircut on an OFFER to = supposed $ owed)

Interesting - given current PPS


Thank you