Replies to post #793183 on Fannie Mae-No Politics (FNMA)

[RickNagra]

Great find and thanks for sharing. I read what Tim wrote. All good stuff but somewhat confusing and hard to understand. Maybe someone can explain what he is saying in plain English.

Read the latest comments from Tim Howard on the senior preferred stock and SPS line of credit: https://howardonmortgagefinance.com/2024/01/16/the-crt-charade/#comments

[Guido2]

With leaders like Tim Howard, who needs enemies. Instead of rallying his followers, he's given up. PATHETIC!

[Fannie Heyyyyy]

Thanks Neo, I just subscribed to TH blog. Good info.

[The Man With No Name]

Read the latest comments from Tim Howard on the senior preferred stock and SPS line of credit: https://howardonmortgagefinance.com/2024/01/16/the-crt-charade/#comments

I read the comment by 'Rule of law guy' and had a laugh. If you don't understand that the SPS aren't "fully repaid", then you shouldn't be commenting at all. And certainly TH's follow-up was just as stupid.

[Wingsjr]

Don’t need to read TH’s BS. FnF owe nothing to anyone anymore.

[Donotunderstand]

kill the guarantee by Treasury
kill the asset held by Treasury - LP/SP that does not pay cash

use the WTS

(and ?? free us ?? as you raise say 100B on 4B shares over two years - for total shares outstanding of 5B !!)
No conversion and I can live with it mild dilution

I love it - with my expansion