Fannie Mae-No Politics (FNMA)

[Wise Man]

@navycmdr, you've posted a wrong analysis, thus, you are misleading the investors.
The Capital requirements are met with the Core Capital or the Total Capital, and you've posted the Net Worth.
The Core Capital is published every quarter in the earnings reports. Look it up in the report as of end of 2020FY or the 1Q2021 in FMCC's SEC Filing.
FnF post a Core Capital of around NEGATIVE -$144 billion.
As negative Core Capital we have to add the offset when FnF increase the SPS for free. So, the real Core Capital is -$194 billion.
By the way, due to the offset mentioned, the Net Worth that you are pointing out, represents only the value of the SPS, no Retained Earnings anymore. So, all the NW is owned by the UST.

Also you have to take the Adjusted Assets, not the Assets.
Just read my comments to see all the in-depth analysis regarding FnF.