Fannie Mae-No Politics (FNMA)

[RumplePigSkin]

Donot, the document would need enough size and scope to obviate the need for some of the “critically under capitalized” verbiage of HERA/FHFA.

I don’t know if the agreement on Mnuchin’s desk goes that far. It may only go as far as significantly writing down the liquidation preference, cancelling the NWS, and extending a line of credit for a fee. I don’t think it will cross over into HERA/FHFA territory that much. That is my guess ...