- Now that the Biden administration has complete control over Fannie Mae and Freddie Mac, they have begun to implement reforms starting with the elimination of the adverse market fee.
- The focus of the stock market and many existing shareholders has been on what we lost instead of what we won at the Supreme Court.
- The Biden administration has not yet restarted the net worth sweep and as such the base case for this being an equity restructuring recapitalization and release is still alive.
- We are now seeing some very positive updates on the lawsuits further interpreting the Supreme Court's ruling on Collins v. Yellen in favor of the other legal claims.
For further details see:
Fannie And Freddie: Supreme Court Upgrades Some Plaintiff Legal Claims