Replies to post #93766 on Fannie Mae-No Politics (FNMA)

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Lawsuit settlements goes to FNMA first and then go to Treasury. It was mentioned in their quarterly release.

Although in the lawsuit, they are suing for 200Bn which is the amount these banks originated and are of questionable credit. But the real losses to FNMA is not 200Bn. This is why FNMA have been releasing some reserve (accounting losses).

So, if each bank settles with 1Bn each, that is another 13Bn to come. If the lawsuits settle quickly, we can be at net zero by Q3 earning release. Just in time for Perry's lawsuit.