Fannie Mae (FNMA)

[Wise Man]

How can you say:

FnF's combined CET1 capital right now is around -$4M.

when the Core Capital posted in their earnings reports was -$96 billion as of end of 2020 for Fannie Mae and -$54 billion as of March 31, 2021 in the case of Freddie Mac.
So, around -$150 billion combined.
- means negative.

The Core Capital includes the JPS valued at par value, so the CET1 that excludes the JPS is $33 billion lower than the Core Capital.
So, currently their CET1 is around -$183 billion.