Fannie Mae (FNMA)

[Robert from yahoo bd]

This was the language I was looking for, it's from the June 2020 Monthly Summary Snapshot, Note 7:

"The amount of mortgage assets that we may own in our retained mortgage portfolio is capped under our senior preferred stock purchase agreement with the U.S. Department of the Treasury at
$250 billion and by FHFA, our conservator, at $225 billion. Effective January 2020, FHFA directed us, for purposes of calculating the size of our retained mortgage portfolio in regard to portfolio
limits, to include 10% of the notional value of interest-only securities we hold. For this purpose, the balance of our retained mortgage portfolio was $169.2 billion as of June 30, 2020, which
includes $2.2 billion representing 10% of the notional amount of the interest-only securities we held as of June 30, 2020."

I am thinking, MAYBE MC/SM WILL LET THEM RESTART THE RETAINED MORTGAGE PORTFOLIO (with a potential Net Interest Margin of 1%) to increase earnings and hence the need for the Basel III International Commercial Bank like capital ratio of 4%.

Wouldn't this be consistent with setting them up to compete with tbtf banks, as envisioned in the Sept 2019 UST/WH Plan?