Fannie Mae-No Politics (FNMA)

[Wise Man]

***SCOOP*** NEW COMPLAINT FILED WITH THE SEC.
In brief. FNMA posted a charge on the Income Statement in the 1Q2020 earnings report, in the line item related to the dividend to the SPS holder, but the amount of SPS handed out to the UST is equal to the Net Worth increase and FNMA posted a reduction of the NW in the quarter and, thus, no SPS liquidation preference was required to be increased.
This charge made FNMA post $0 EPS.