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Post# of 796177
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JOoa0ky

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JOoa0ky

Re: Donotunderstand post# 781470

Wednesday, 01/10/2024 10:43:41 AM

Wednesday, January 10, 2024 10:43:41 AM

Post# of 796177
Yes, NWS is set to resume once FnF reaches full retained capital.

However during capital retention, LP goes up dollar by dollar.

Once NWS resumes, LP will stop rising.

In other words, seniors need to be dealt with. Munckin set it up this way so that treasury/president/fhfa still holds all of the cards in their hand in case there is something that they want to do...
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