FMCC - Incoming Fannie/Freddie Stock Offering Plan Good For Existing Shareholders

With Craig Phillips having left Treasury, the general consensus is that the Treasury housing finance reform plan will come out publicly the first half of July, with the point estimate being the second week. This is important to Fannie Mae (FNMA) and Freddie Mac (OTCQB:FMCC) because Trump ordered Treasury to produce a plan that gets them out of conservatorship.

Investment Thesis

There are publicly traded common and preferred shares. Secretary of Treasury Steven Mnuchin has largely said they'll be restructured as part of getting them out of conservatorship. When he started his job,