Saw squawk box this morning VP of Mortgage Bankers Association, wants to create new private backed subsidiaries with a government guarantee. Basically wasn’t this the purpose of FRE and FNM. He wants to decrease the risk by breaking them down into smaller companies. How would you divide up the good and bad debt? Just more of the same , but people will sell on this news.
TAKING SOME OFF THE TABLE AND WILL BUY AT NEW LOW ONCE IT GETS STABLE.