Kyle Bass earlier today on Bloomberg.
The Fannie solution begins at 1:10. Hayman Capital's Kyle Bass discusses the housing market, and dumping Fannie and Freddie preferred shares.
The Federal Housing Finance Agency is targeting five states in its plan to adjust the guarantee fees Fannie Mae and Freddie Mac charge for single-family mortgages. It hopes to recover a portion of the “exceptionally high costs” the GSEs incur in cases of mortgage default in those states.
The five states are Connecticut, Florida, Illinois, New Jersey and New York.