Replies to post #3793 on Fannie Mae Preferred S (FNMAS)

[Joe Stocks]

They could be consolidating offices too from another state where the employees decided not to move. There have been several mentions in the past from management that employee morale is low.

I agree, hard for us to have the inside scoop. I am sure the treasury would not be happy is FnF went on some kind of expansion of their business unless it is in relationship to handling more troubled underwater loans.

[CatBirdSeat]

Doesn't look like it, IMHO.