Fannie Mae-No Politics (FNMA)

[camaro4me]

Just what has Calabria been doing all summer After submitting the draft Capital Rule; I would think he's been drafting an amended PSPA. With comments he's receiving through Monday, the PSPA should need only a tweek.

Timeline

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I guess my main questions revolve around the timing between the amendment of the PSPA and the approval of the capital plans. These amendments will, obviously, have a substantial impact on those capital plans. How long will the GSE's need to formulate these capital plans, how long will the FHFA need to review them and approve them?

If they try to postpone all of this until after the election, can all of this be done before inauguration?

Are there any historical examples that provide a template for this timeline?


And since any conversion of Pfds will be a part of the capital plan (assuming that is the route FnF want to go), those capital plans first need to be approved before that conversion takes place.