Fannie Mae-No Politics (FNMA)

[Wise Man]

Don't forget that no dividend can possible be distributed out of earnings, with Accumulated Deficit Retained Earnings accounts, in addition to the statutory restriction on capital distributions.
A dividend isn't interest payment, as you claim with your other alias, Rodney.
As always, the chameleonic plaintiff Joshua Angel with one of his more than 30 different aliases on this board and Yahoo's, writes something correctly but the objective is to post a lie at the same time, to see if it sticks:

as Wise Man has for years noted, FHFA has made a few exceptions to the prohibition on capital distributions. None of the exceptions allow dividends.

The Restriction on Capital Distributions is set forth in the law FHEFSSA, not in HERA as you claim in other post with Rodney, or as you are referring to now, in the CFR 1237.12 that "((c) it supplements and shall not replace or affect the restriction established by statute", which is the statute FHEFSSA, as seen in this amendment inserted by HERA:





🚨The SPS were fully repaid through capital distributions under the guise of dividend payments to Treasury (Exceptions A + B. Cash raised with the double-entry accounting when the Common Equity increases, as per the intent of the Congress required in the Exception A. It's not a refinancing option as you keep on saying with Rodney here). No dividend was ever possible and legally available.
The CFR that you mentioned, was for the case once the SPS were fully repaid, a follow-on plan (it "supplements"). That is, something new to apply the phony dividends towards, using the exceptions to the restriction, in order to continue the separate account that is recapitalizing FnF on the sidelines (Exceptions 1, 2, 3 and 4: Common Equity held in escrow)
Cumulative dividend though, at a rate as per the original UST backup.