Replies to post #12263 on Fannie Mae Preferred S (FNMAS)

[Sam1212]

Excercising the warrants would not in itself put the Fannie/Freddie on federal balance sheet. 79.9% ownership does not necessitate that parent corporation has to report holding company assets/liabilities on its own financial statements. 80% ownership is the dividing line, wonder why the ratio was set to 79.9% not 80% or some other round figure, just to skirt the holding company law ... Ha!!

[KylieM]

i would think fnf would carry a value of at least 10x earnings, which is 150B plus assets.

So pps of FNMA will be like 150+, considering the float is around 1B?