Fannie Mae (FNMA)

[Guido2]

COMPARISION OF JANUARY 14TH AND APRIL 13TH DOCUMENTS
https://home.treasury.gov/system/files/136/Executed-Letter-Agreement-for-Fannie-Mae.pdf
https://www.fhfa.gov/Conservatorship/Documents/Senior-Preferred-Stock-Agree/FNM/SPSPA-amends/FNM-Fourth-Amended-Restated-Certificate-04-13-21.pdf
The January document is called a “Letter Agreement”. The April one is referred to “Fourth Amended And Restated Certificate”.


Letter Agreement includes and Fourth Amended RS doesn’t:
Litigation. Not a condition to exit conservatorship.
Termination of conservatorship. LA discusses conditions.
Limitations on mortgage assets held by Fannie and Freddie.
Limitations on quality and volume of loans purchased. See item VIII of LA particularly 5.12 (c).
Secretary of Treasury’s signature.