Fannie Mae-No Politics (FNMA)

[Wise Man]

Besides, you have copy/pasted a large excerpt from the earnings report, that only shows highlighted

net of unamortized premiums and discounts

but the entire post doesn't explain anything about the unamortized premiums.
It only says that the unpaid principal balance of the loans (Asset) is valued net of unamortized premiums (upfront g-fee ***EARNINGS***), but later in the table it talks about the Allowance For Loan Losses (the expected credit losses under the CECL accounting standard). So, the assets are shown net of Allowance for Loan Losses, that is, it's assumed that the loss already occurred and thus, it reduces the assets.
Two different things: Allowance for Loan Losses and Unamortized Premiums.
You saw that the assets are presented net of Allowance for Loan Losses and later you associated it to what you have just read "net of unamortized premiums and discounts" and you now claim that both are the same and that the unamortized premiums need to be recorded on the Assets.

You don't know what you are talking about, which is what you've been hired for, by the American Mafia: tarnish the image of the shareholders, by making bogus claims.

**************BOOM!***************