Monday, September 23, 2019 10:30:51 AM
https://www.fhfa.gov/Conservatorship/Documents/Senior-Preferred-Stock-Agree/2008-9-26_SPSPA_FannieMae_RestatedAgreement_N508.pdf
This is false. Please post the SPSPA terms.
As per original SPSPA, SPS liquidation value changes based on draws and repayments.
page with all the documents :
https://www.fhfa.gov/Conservatorship/Pages/Senior-Preferred-Stock-Purchase-Agreements.aspx
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