Fannie Mae-No Politics (FNMA)

[Rodney5]

Barron question,

The FHFA PUBLIC LAW 110–289—JULY 30, 2008 HOUSING AND ECONOMIC RECOVERY ACT AMENDED CHARTER ACT Section 304 for a Temporary time period that expired December 31, 2009. This portion give the Treasury TEMPORARY AUTHORITY TO PURCHASE OBLIGATIONS AND SECURITIES; Here is my question, Is this Authority to Purchase Obligations and Securities completely separate from the SPSPA?

My understanding the Treasury was given temporary approval to purchase Mortgage Backed Securities. If this is the case and The Charter Act being the Supreme Law of the land governing Fannie and Freddie, the Treasury would be bound to the limits of $2,250,000,000 recorded in the Charter. The Below Amendment increases the Treasury’s Commitment way beyond $2,250,000,000

SECOND AMENDMENT dated as of December 24, 2009, to the AMENDED AND RESTATED SENIOR PREFERRED STOCK PURCHASE AGREEMENT dated as of September 26, 2008, between the UNITED STATES DEPARTMENT OF THE TREASURY

Link: https://www.sec.gov/Archives/edgar/data/310522/000095012309074293/w76743exv4w1.htm