Fannie Mae-No Politics (FNMA)

[Rodney5]

The danger of the conservatorship continuing in time the Liquidation Preference continues to grow and the SPS remains outstanding. Money owed to the Treasury becomes much larger.

Company’s financial statement

Risk Factors Summary
GSE and Conservatorship Risk

Quote: "Our business activities are significantly affected by the senior preferred stock purchase agreement. Our regulator is authorized or required to place us into receivership under specified conditions, which would result in our liquidation. Amounts recovered by our receiver may not be sufficient to pay claims outstanding against us, repay the liquidation preference of our preferred stock or to provide any proceeds to common shareholders." End of Quote Page 33

Link: https://www.fanniemae.com/media/46276/display