Fannie Mae-No Politics (FNMA)

[Wise Man]

No. Navy commodore spread lies, about "market expectations" on ERCF changes on December 31st. It was not "his opinion" as you falsely claim with another lie.
He was called out for spreading the same lie on Sunday:

a leak of new GSE Capital Rule limits ?

They aren't limits but a minimum required. Sesame Street: TOP-BOTTOM.
You want me to pass that two stooges are spreading false information on the internet and, then, he comes up with "market expectations" based on those posts.
First of all, the FHFA hasn't announced a Proposed Rule with expected changes.
Secondly, it's a Capital Rule Basel framework, an international standard. So, no one can have the expectations that there will be changes.
Thirdly, this Basel Framework is linked to the February 2011 3-option plan for the release of FnF from Conservatorship, at the request of the Dodd-Frank Law (image below), based on a Privatized Housing Finance System, which means "stringent capital requirements" as expressly written in the option 3: a Government Catastrophic-Loss Reinsurance, for which Freddie Mac unveiled in June 2022 the Resecuritizations or Commingled Securities, recently incorporated in the Capital Rule with a 5% Risk Weight and 50% Credit Conversion Factor (when an External Position is posted on-Balance Sheet). Option 1 or 2 with a Private Reinsurance.
Fourthly. This is the heart of the matter. All of the above makes the 2021 Capital Rule a "back-end Capital Rule", because it came into effect at the end of the Transition Period to build capital, that any Federal Agency grants when there are changes in the capital requirements.
A "back-end capital rule" was possible thanks to the absence of the provision IMPLEMENTATION, when HERA inserted in the FHEFSSA an authority of FHFA to change the capital requirements, that would have compelled FHFA to come out with changes within 18 months, and not 13 years later (2008-2021), and it would have hindered the Separate Account plan, as both ends would have coincided on the same year, 2010, and people would have spotted that the Conservatorship turns out to be a simple case of Regulatory Risk with stringent capital requirements.

Navy commodore and others want to change the past and they rather pretend that nothing I have mentioned has happened. There are no do-overs.
Like the "humble European farmer", Glen Bradford, with his alias LuLeVan, that wants us to accept that the $301 billion sent to Treasury as regulatory capital (not simple cash) is gone, and the $118 billion core capital swept to Treasury with the gifted SPS, is gone as well, for a fresh start after 15 years in a conservatorship. Those amounts are Common Equity held in escrow, in order to uphold the law and basic finance.
Please, don't come out now with "it was an honest mistake" or "free speech".