Fannie Mae-No Politics (FNMA)

[Dallas66]

Correct me if I'm wrong, but isn't this article just a little inaccurate? This part highlighted below would be true if you remove Freddie and Fannie from being involved with making this agreement as they were/are both under conservatorship at the time the third amendment sweep was initiated, and as such, neither of their BOD's had or currently have any authority to agree to anything. Soooo...that means the agreement was made soley by Treasury and FHFA....which incidentally violates the requirements of conservatorship by FHFA. Fannie and Freddie BOD's had no authority or power to agree to anything.

In August 2012, Fannie, Freddie, the Department of Treasury and Federal Housing Finance Agency (FHFA) amended their deal with what is called “the Third Amendment.” Under the Third Amendment, the government began sweeping all the companies’ profits into the Treasury.