Fannie Mae-No Politics (FNMA)

[YanksGhost]

No. Junior preferred stock is equity that pays a non-cumulative stock dividend. It is not debt. JPS equity owned is in its Liquidation Preference.

Preferred shares are treated as equity as recorded on the Balance Sheet and are counted as part of required core and risk-based capital requirements as defined by FHFA, the GSE's Regulator.