GSE Prefs FAQ
Yes, Trump will 100% end the conservatorships of Fannie and Freddie via recap and release and in the process there will be a simple equity restructuring where junior preferred shareholders have contracts that cannot be changed without a 2/3 vote --- aka they're getting par. And they probably exit conservatorship in 2025. This will only have a positive impact on the mortgage market and agency mbs.
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Read moreDisclaimer: This blog post reflects the author's personal opinions at the time of writing and is not financial, investment, or legal advice. Glen Bradford holds positions in securities discussed on this site. Past performance is not indicative of future results. Do your own research and consult qualified professionals before making investment decisions. Some content on this site was generated or edited with AI assistance.