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FMCKK - Fannie Mae And Freddie Mac SPSPA Prime Time
Freddie Mac 5.00% Pfd
Fannie Mae and Freddie Mac are unable to raise third-party capital without a SPSPA Amendment and are rapidly reaching their capital buffers.
If not all the preconditions for the SPSPA modification have been met, the vast majority have been. It appears that everything is set for imminent SPSPA modification.
Tim Pagliara says the largest cash dividend in the history of the world was paid by Fannie Mae to Treasury and recapitalization and release is the right thing to do.