For those involved in the FNMA Saga, it's been a good 4 weeks.FNMA and FNMAS each had great weeks. Not surprising they close off the highs as long suffering investors take some profits. Still a long way from dividends being restored on preferred and capital build on common (but maybe not, you never know). At these levels preferred might make more sense than common. Either way undeniably positive news ... if it pulls back to low $3s buy some more (but regardless hang on to what you have).
www.nytimes.com
