Fannie Mae-No Politics (FNMA)

[bcde]

"But make no mistake: Calabria's minimum capital requirement (not the statutory one) is the one that will have teeth. Calabria's is the one that will determine FnF's capitalization level by HERA, and FnF having less core capital than Calabria's minimum standard is what will make them "significantly undercapitalized", which in turn gives Calabria the authority to determine the form and amount of the capital raise."

LOL, Calabria and FHFA do not have any financial/insurance business knowledge/skills to make such determinations. FHFA even do not know how to organize as a regulatory agency even after 12 years.

FnF are insurance companies and Calabria keeps on talking about Bank like capital.

White House / Administration will tell FHFA and Calabria about the capital requirements and how to phase it out.