Replies to post #171831 on Fannie Mae-No Politics (FNMA)

[penknee]

I would think it would just come out of FNMA profit. Anything over $3 billion goes to the treasury.

[lubberboy]

It just shows you how solid these two giants are if they plan on funding FHTF and CMF with income from FnF. Doesn't this letter confirm the fact that FnF will be around for a long time, only so they can use some of their huge profits to expand and strengthen the GSE's in the long run? JMO Go FNMA FMCC

[Donotunderstand]

Interesting letter

The sentence on reform could mean anything. And I assume no one here actually thinks F and F will go back to exactly what they had - a duopoly with a semi government backed ability to borrow at better/lower rates then others

Re funding x y z with the sweep

Not hard IMO - and I hope he does it and earns some favors! Fund x y z as an expense. Thus it is pre sweep. There is no need for a change in the sweep for this purpose - as much as I would love to see a change in the sweep (an end).

[Mikey Mike]

C-ship must end for this to take place. They can't amend one without amending another. Change is coming for FnF and it's for the better. FnF is not the same as it was precrisis. FnF has already made the necessary changes and backstops are already in place just incase we do see another crisis, it just hasn't been tested until the next recession.

LONG LIVE FnF!!!