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Saturday, May 23, 2020 7:38:02 AM
It seems that you don't read #Fanniegate on Twitter.
What is only expected is a UST refund worth between $110 billion to $158 billion. Enough to become Adequately Capitalized and continue to build Capital for the Capital Surplus requirement of 73%.
Now it's a question to debate whether the FHFA is abusing on its power pointing out that, in the absence of Conservatorship, it gives only 1 year since the publication of the rule, to reach the full Capital amount.
Congress gave the FHA 10 years to meet its Capital requirement. It's obvious to think that we are in the same case. Assuming that FnF repaid the SPS in 2013/2014, 10 years into the plan of recapitalization ends up in 2023/2024.
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