A New Solution For Fannie And Freddie
A New Solution For Fannie And Freddie Apr. 29, 2014 7:50 AM ET | 3 comments | About: FMCC , FNMA Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. (More...) Summary The 100% profit sweep: unreasonable in spirit, law and effect.. New equity terms can strengthen Fannie, Freddie, banks too.. Congressional staff might want to check out this article.. Contents: 1. A Few Statutes 2. New Equity Terms 3. Vouchers for Equity 4. Senators' Sentiments 5. Obligations to Community Banks 6. Fiduciary Duties, Representations 7. Senate Committee 8. Disclaimer 1. A Few Statutes Seeking Alpha has excellent background on Fannie Mae ( OTCQB:FNMA ) and Freddie Mac ( OTCQB:FMCC ). I'll skip background, review my thoughts on the infamous Third Amendment ("TA") and suggest new equity terms for...