Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

Report from the accountable to NOONE in Government, MC: "Effectively ended the Net Worth Sweep via
negotiations with U.S. Treasury on amendments
to the Preferred Stock Purchase Agreements
(PSPAs), which now allow the Enterprises to
retain earnings until they satisfy the
requirements of the 2020 Enterprise capital rule.
Combined Enterprise leverage reduced from
almost 1,000:1 (approximately $6 billion
supporting $5.5 trillion in total assets) in April
2019 to 159:1 ($41.7 billion supporting $6.6 trillion
in total assets) as of December 2020.1

1 “Enterprise capital” here means net worth setting aside senior preferred shares and liquidation preference."

Source: FHFA Accomplishments 2021

https://www.fhfa.gov/mobile