Good Morning Ace Trader - what do you think the near term catalysts will be? I am thinking new ERCF cap requirements and Housing Initiative announcement in the SOTU - thoughts? Dont you think we should be expecting a new ERCF soon?
Just par for the course. I'm pretty sure that all this Litigation hasn't cost the government a dime. To add insult to injury, I believe the FHFA not only deducts the Judgment from the GSES Balance Sheets but ALSO includes the Arnold & Porter team of attorneys and support staff (and Fannie Mae and Freddie Mac attorneys) and court costs from the GSES.
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