Fannie Mae-No Politics (FNMA)

[RumplePigSkin]

Navy, here is the full PSPA amendment decoded in that article:

-- "The real issue is how do you get them out of conservatorship?" he said. "You need to raise third-party capital and you need to retain capital. That’s, to me, the issue."

So the above quote can be broken into two PSPA pieces.

"You need to raise third-party capital ...” You can’t do that if the PSPA is not deemed paid off. So there is the part of the amendment that deems them paid, written down, effectively no longer an impediment to raising capital.

“...you need to retain capital ...” The NWS is cancelled otherwise you can’t retain capital nor can you raise capital with any specter of gov overhang.

Mnuchin has essentially publicly stated the full PSPA amendment will be done.