Fannie Mae-No Politics (FNMA)

[Commons_Cancelled]

Can we be placed in Receivership now that it's been 60 calendar days and we have a negative net worth due to the DTA write-downs?

‘(A) IN GENERAL- The Director shall appoint the Agency as receiver for a regulated entity if the Director determines, in writing, that--

‘(i) the assets of the regulated entity are, and during the preceding 60 calendar days have been, less than the obligations of the regulated entity to its creditors and others

Receivership scares me also. But Contract rights will at least hold up in court. As long as Commons have contract rights, they can't be cancelled.