Fannie Mae-No Politics (FNMA)

[Wise Man]

BOMBSHELL! THE SHAREHOLDERS UNVEIL THEIR OWN ROADMAP.
Based on The Secret Plan which is a plan sent to judge Sweeney on April 20th in the form of a brief of Amicus Curiae. So, it's a big deal.
According to this plan that includes $158 billion owed by the Treasury and assumes that the $20 billion CECL reserve is deemed TIER2 Capital (currently it's not), FnF had $201 billion Total Capital as of end of the 1Q2020.
Two more years building up Capital with earnings retained, and FnF will meet the $235 billion threshold of Total Capital set by the FHFA to resume the dividend payments, when the JPS reach their par-value.
It'll fall short of the 10 years requested by the shareholders for their recapitalization (10 years were granted by Congress to the FHA) under the CFR1237.12, that started once the SPS were redeemed in 2013 for FMCC and 2014 for FNMA, under HERA's exception to the Restriction On Capital Distribution. That is, under The Secret Plan.
Under this plan, all the lawsuits are meritless. The plaintiffs will retire their lawsuits because they have a lot to hide, since all the plaintiffs have covered up the key provisions mentioned that are the grounds for this Secret Plan.
More detail.