Fannie Mae-No Politics (FNMA)

[Wise Man]

Don't mistake the 4th amendment of the SPS Certificate, dated April 13, 2021, for the 4th amendment of the SPSPA.

Because it's the fourth time it got amended. Knucklehead.
https://www.fhfa.gov/Conservatorship/Documents/Senior-Preferred-Stock-Agree/FNM/SPSPA-amends/FNM-Fourth-Amended-Restated-Certificate-04-13-21.pdf

The Certificate is also known as the Prospectus of a Preferred Stock, where is set forth the specifications of the security.
Is this why you keep on calling the SPS "SPSPA", so the certificate is passed off as an amendment, Glen Brad Bradford - LuLeVan - JOoa0ky?

The amendment of the SPS Certificates come out in light of a prior amendment of the SPSPA. So, it's just restated with the changes already approved the weeks before, and it doesn't need the counterparty, U.S. Treasury, again to sign off on it for a second time.
In this case, it just reflected the changes in the January 14, 2021 "Letter Agreement", which, by the way, I don't know who came up with that name, because all the letter agreements are amendments of the SPSPA. So, it would be the 6th amendment of the PA.
Officially, there are only 3 amendments of the PA and 4 Letter Agreements.
https://www.fhfa.gov/Conservatorship/Pages/Senior-Preferred-Stock-Purchase-Agreements.aspx
For instance, justice Alito also called this January 14, 2021 Letter Agreement "4th amendment of the SPSPA", just like you. It seems that both of you received the same orders.
Also he passed it off as a groundbreaking development, when it's a NWS 2.0 (Same Common Equity Sweep as before. Instead of through dividends, through the offset with the gifted SPS. Both capital distributions, restricted)
Justice Alito's opinion:

After oral argument was held in this case, the FHFA and Treasury agreed to amend the stock purchasing agreements for a fourth time.

I know... "It's complicated", you may say, like all the plotters say to rip us off.
Complicated? DEAL WITH IT!

Why is this important? Because secretary Yellen was sworn in on January 26, 2021, 12 days after this Letter Agreement was signed by Calabria and Mnuchin (January 14, 2021), and you want to pass it off as 4th amendment of the PA dated April 13, 2021, to transmit the idea that secretary Yellen was involved and she signed off on all the flawed conditions therein. For instance:
- The concept of "Capital Reserve End Date", the "capital reserve" (which is how the minimum Net Worth has been called in the PA since day one. "Applicable Capital Reserve" to be precise) is allowed to rise (as if a conservator could decide the amount of Net Worth a conservatee can have) until it fetches the regulatory capital requirements. As a result, this is why the plotters peddle the idea nowadays, that the capital requirements are met with the Net Worth, instead of with the regulatory and statutory capital metrics (Core Capital, Total Capital, CET1 and T1) commented yesterday with Robert from Yhoo bd:

FnF have 1.25%-1.50% Capital

- Mandatory Pay Down of Liquidation Preference Upon Issuance of Capital Stock.
- It also directed FnF to exercise the Warrant.

Hand-in-hand, Bradford and the pro se plaintiff Joshua Angel with his more than 20 different aliases (Rodney, Barron, etc), with their posts yesterday, are giving the SPSPA more importance than what it really has.
FnF are statutory corporations, which means that everything is decided, controlled and required by law.
This way, the SPSPA and amendments are more like fact sheets.
Otherwise rogue officials like an ambitious Calabria and the Goldman Sachs alumni, Mnuchin, sat at a table, would attempt to circumvent the law at their will and at the stroke of a pen, and more importantly, an attempt to thwart the announcement of the Separate Account plan, which is what happened with this "Letter Agreement" or 6th amendment of the SPSPA.
They were in a hurry because secretary Yellen was coming.