Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

Here's JB'S FY2022, I couldn't find much on Fannie Mae, maybe Nats1 or someone else knows where to look, AT LEAST THE NWS FUNDS SHOULDN'T BE IN THERE: https://www.whitehouse.gov/omb/

"On September 6, 2008, FHFA placed Fannie Mae under Federal
conservatorship in response to the GSEs' declining capital adequacy and
to support the safety and soundness of the GSEs. On the following day,
the U.S. Department of the Treasury entered into a Senior Preferred Stock
Purchase Agreement (PSPA) with Fannie Mae to make investments of up
to $100 billion in senior preferred stock as required to maintain positive
equity. In May 2009, Treasury increased the funding commitments for the
PSPA to $200 billion and in December 2009, Treasury modified the funding
commitments in the PSPA to the greater of $200 billion or $200 billion
plus cumulative net worth deficits experienced during 2010–2012, less any
surplus remaining as of December 31, 2012. Based on the financial results
reported by Fannie Mae as of December 31, 2012, and under the terms of
the PSPA, the cumulative funding commitment cap for Fannie Mae was
set at $233.7 billion. As of March 31, 2021, Fannie Mae had received
$119.8 billion under the PSPA, and had made a total of $181.4 billion in
dividend payments to Treasury on the senior preferred stock. The Budget
continues to reflect the GSEs as non-budgetary entities, though their status
will continue to be reviewed. All of the current Federal assistance being
provided to Fannie Mae, including the PSPA, is shown on-budget. For
additional discussion of Fannie Mae, please see the Analytical Perspectives
volume of the Budget documents."