Fannie Mae-No Politics (FNMA)

[Wise Man]

Credit Risk Transfers, likely a backdoor fee to UST (barred in the Fee Limitation of the United States)

Following Mnuchin's slogan: "The taxpayer be appropriately compensated".


Also, barred in the Credit Enhancement clause of the Charter Act.
Not among the enumerated ones.


The CRT don't "protect the taxpayer", as Sandra Thompson asserts, primarily because the taxpayer doesn't bear credit risk in FnF.
This is why it's been requested a refund of the CRT expenses, net (turned into Retained Earnings. Core Capital). $18 billion.