Fannie Mae-No Politics (FNMA)

[obiterdictum]

The FHFA can release the GSEs from conservatorships by placing the GSEs in receiverships followed by liquidation. Also, the FHFA, as receiver, can choose to establish the GSEs as limited-life regulated entities wherein these entities can inherit the charters and receive a transfer of the assets of the GSEs. If the GSEs are placed in receiverships with either liquidation or establishment of limited-life regualted entities, the conservatorships automatically end and Treasury's consent is not required.

‘‘(D) POWERS AS CONSERVATOR.—The Agency may, as conservator, take such action as may be—
‘‘(i) necessary to put the regulated entity in a sound and solvent condition; and
‘‘(ii) appropriate to carry on the business of the regulated entity and preserve and conserve the assets and property of the regulated entity.

‘‘(E) ADDITIONAL POWERS AS RECEIVER.—In any case in which the Agency is acting as receiver, the Agency shall place the regulated entity in liquidation and proceed to realize upon the assets of the regulated entity in such manner as the Agency deems appropriate, including through the sale of assets, the transfer of assets to a limited-life regulated entity established under subsection
(i), or the exercise of any other rights or privileges granted to the Agency under this paragraph.

See: HERA 2008, Section 1367. AUTHORITY OVER CRITICALLY UNDERCAPITALIZED REGULATED ENTITIES (b)(2)(D)and (E)
https://www.gpo.gov/fdsys/pkg/PLAW-110publ289/pdf/PLAW-110publ289.pdf