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FNMFO - No Timeline Extension Great For Frannie Shareholders
Fed Nat Mtg Assn Pfd
Fannie Mae (FNMA) and Freddie Mac (FMCC) are two companies in conservatorship that is run by the Federal Housing Finance Agency (FHFA). Mark Calabria who wrote the law that governs FHFA, HERA 2008, was made director of FHFA by Trump to change the course of history from one where FHFA took all Fannie and Freddie's money as conservator and gave it to Treasury to one where FHFA thinks about what the law says before deciding what actions to take. In the spirit of following the law, FHFA and Treasury have