We pointed it out before, but the situation has not changed: Nonbanks that went public over the past 16 months are not doing well when it comes to share price. As for meaning: Such a performance does not bode well for other nonbanks contemplating life in the public realm.
Also, because Thompson is a Democratic appointee, she likely is leaning toward the option of using the government-sponsored enterprises to improve the lot of low-income borrowers.
The consensus is that FHFA Acting Director Sandra Thompson wants to cut LLPAs, but if she does, how do the government-sponsored enterprises pay for it?