Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

It takes 2 to tango, as I recall the FHFA Director has to approve the transfer of funds (or increase in the LP?) from the balance sheets of the GSES to the US Treasury.

Remember this request from the banking industry:

"We urge FHFA to suspend the dividend payments to the U.S. Treasury this month and allow the Enterprises to rebuild their capital buffers to avoid a draw for widely anticipated non-credit related losses at the Enterprises. We know this decision is time sensitive, so we thank you for your consideration of our views and we would welcome an opportunity to speak further."

https://civilrights.org/resource/letter-to-secretary-mnuchin-and-director-watt-regarding-fannie-mae-and-freddie-mac-profits/