Fannie Mae-No Politics (FNMA)

[FOFreddie]

Thanks Robert - it looks like the FHFA will have to publish its capital raising plans sometime in 2022 under the new rules out for comment:

On December 16, 2021, FHFA issued a notice of proposed rulemaking that would require Freddie Mac and Fannie Mae to
develop, maintain, and submit annual capital plans to FHFA. Under the proposed rule the Enterprises' capital plans would be
required to include the following:
n An assessment of the expected sources and uses of capital over the planning horizon;
n Estimates of projected revenues, expenses, losses, reserves, and pro forma capital levels under a range of the Enterprise's
internal scenarios, as well as under FHFA's scenarios;
n A description of all planned capital actions over the planning horizon;
n A discussion of how the Enterprise will, under expected and stressful conditions, maintain capital commensurate with its
business risks and continue to serve the housing market; and
n A discussion of any expected changes to the Enterprise's business plan that are likely to have a material impact on the
Enterprise's capital adequacy or liquidity.