Fannie Mae-No Politics (FNMA)

[RumplePigSkin]

Well, the question is, can a substantial PSPA amendment be done in such a way to make said efforts irreversible while still maintaining the conservatorship until sufficient capital is raised to be released on a consent order?

Basically, once the PSPA is amended and would require, say, GSE signoff for future amendments, there would be virtually no influence from Treasury on the GSEs. FHFA would excerpt primarily regulatory governance over the companies, and would be governing their CRP plans.

I think ACG is spot on in their analysis. SCOTUS also must play into the calculus.

Why would Mnuchin even state he is working on a framework for the GSEs to essentially hand off to Yellen? Makes no sense if there is going to be a Big Bang.