Fannie Mae (FNMA)

[kthomp19]

I highly suspect that the higher-ups around the POTUS used the expiration of the UST Commitment on 12/31/12 AS A STICK to try to force DeMarco to forgive the principal on millions of low and moderate income American Families mortgages securitized in Fannie Mae and Freddie Mac MBS and in their portfolios, prodding him to choose between something as draconian as the NWS OR MORTGAGE PRINCIPAL REDUCTION.

This is the first I have heard that Treasury's funding commitment had an expiration date at all, let alone specifically December 31 2012. Where did you hear this?

What I know about the funding commitment's termination is from Section 2 of the SPSPA contract, specifically Section 2.5 on page 5.

These high level intra governmental internal discussions were protected as 'Executive Privilege and National Security' exemptions to Discovery for the P's.

I thought many of the emails that the plaintiffs wanted introduced into evidence (including the "smoking gun" email from Parrott saying that the NWS was designed to prevent FnF from recapitalizing and escaping conservatorship) were denied by Lamberth because they were only internal to Treasury and since Treasury is not a party to the case those emails are hearsay.