The warrants for both Fannie & Freddie will have to be adjusted or used in some way or form. The possibility of this administration having to make another amendment change before the next election on Fannie & Freddie is now going to have to happen. Things to consider are:
The warrants. How much control will the FHFA have over the GSE's Who will be the new CEO's of the company When will they be Up listed to a major exchange
We now know the timeline will be before Sept 2028.