Fannie Mae-No Politics (FNMA)

[camaro4me]

My estimate is PSPAS to end the net worth sweep will be by December 15 so that the gov't can go on vacation until the 2nd week in January, as usual.

"Per FHFA officials, the move to finalize the capital requirement tees up FHFA and Treasury making amendments to the PSPAs to end the net worth sweep sometime before the end of this year, which would allow the GSEs to retain all of their earnings. (Current cap is $45 bil)"

FHFA has finalized its post-conservatorship capital rule for Fannie and Freddie with some key changes, including more capital relief for CRT & a higher mortgage exposure risk weight floor that ups the amount of capital the GSEs will be required to hold. https://t.co/HWM1ROmyYJ

— Hannah Lang (@hannahdlang) November 18, 2020