Re: Fannie/Freddie-Bracketing SCOTUS Outcomes.
I see 3 potential paths, ALL of which just influence timing/relative leverage in settlement discussions, because TINA.
1) Bullish Sweep. Plaintiffs win on all counts with backward relief. While this would be great, imho, it complicates recap/release because it inflates the cap prior to Indy Switch. That said, leverage favors Ps in recap negotiations.
2) M…
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