Fannie Mae-No Politics (FNMA)

[Wise Man]

I'll color in red "12yrs in the making" just for you.
Plan submitted by the U.S. Treasury to Congress in February 2011: Privatized System (bank-like capital requirements)
Notice that Congress gave FHA 10 years to build capital.
Maybe this is why the scammer here "Ihub guy" talks about "$97B cash reserves" like the FHA, referring to today's Capital Reserve in FnF that includes the SPS (In truth, $0 Capital Reserve, not the $97B reported, due to the offset with the $97B gifted SPS that reduce the Retained Earnings account, concealed by FnF with Financial Statement fraud, as these SPS are missing on the balance sheets), when for FnF, it's bank-like regulatory capital (Basel framework): $-96 billion Core Capital (deficit) together. $-194 billion adjusted for the offset with the gifted SPS, as of end of 2022.
FnF have had the burden of the guarantee-fees sent to UST (10 bps TCCA fees + 4.2 bps to UST and HUD) and the upfront fees recorded as Deferred Income (Debt)
It's been estimated that, if we include just the CRT expenses, net, in the core capital (considered a scam. UST refund requested), FnF would have met the undercapitalized threshold (also the Adequately Capitalized threshold, as it's lower) in the 3rd quarter of 2021 under the Separate Account plan, the only plan that upholds all the statutory provisions, and released from conservatorship with the prior FHEFSSA provision: Mandatory release, that was struck by HERA, or released before at the discretion of the conservator.
As of end of 2022, Freddie Mac would have met 100% of its Prescribed Capital Buffer (181% if the Deferred Income is amortized into earnings in one fell swoop. 77% in Fannie Mae)