Fannie Mae-No Politics (FNMA)

[Wise Man]

The back-end Capital Rule (it was unveiled at the end of the transition period when the rule came into effect) is evidence of the Separate Account plan.
The Federal Agencies always allow a transition period to meet the capital requirements.
Let alone Congress' 10 years to FHA.
In the tweet, it's pointed out the 5 years that the Fed and the FDIC have given to the banks for the recent proposed capital rule, until it becomes fully effective in 2028.
The Capital Rule of FnF came into effect on February 16th, 2021. Freddie Mac met the Adequately Capitalized threshold with the first quarter 2021 results, under the Separate Account plan.
After that, FnF entered the period to determine which threshold to choose for the release from Conservatorship, taking into consideration that it has to be met together.
I can't think of a more stringent threshold than becoming Adequately Capitalized after redeeming the JPS. That threshold is met with the results of third quarter of 2023 in Fannie Mae that was lagging ($1B Tier 1 Capital shortfall over Min Leverage Capital requirement as of June 30, 2023)

THE FED's🆕CAPITAL RULE, EVIDENCE OF FnF's SEPARATE ACCT
🆕requirement to record unrealized losses as AOCI,effective 2028:"Phased in over 3yrs starting July1,2025"
FnF: effective Feb16,2021.
Thresholds met in 1Q2021-3Q2023:
Adeq Cap?
25% Buffer?
Adeq Cap +JPS redeemed?#Fanniegate pic.twitter.com/aMtk9nE7VC

— Conservatives against Trump (@CarlosVignote) October 5, 2023