Fannie Mae-No Politics (FNMA)

[Wise Man]

kthaput19 repeats

"capital requirement in HERA".

More fallacies defended firmly, DOJ's Mooppan-style before the Supreme Court.
Can't you read in HERA that it's an amendment of the FHEFSSA of 1992? A law exclusively meant for capital adequacy matters, at the request of a GAO report the year before (Source).

Authorization to come out with a new formulaic for the Risk-Based capital requirement. Provision "18-month Implementation" missing here and in all others too, as seen, precisely, with the first capital rule of FnF in the FHEFSSA (Source)


Authorization to change the percentages in the Minimum (Leverage) Capital Levels, and, secondly, permission to add new capital metrics (CET1 and TIER 1 Capital) and reserves (capital buffers)


And even HERA with the allocation of 4.2 bps to two Affordable Housing trusts managed by the UST and HUD, commented yesterday, a breach of the Fee Limitation of the United States in the Charter Act, that Calabria/Pelosi "forgot".
Guess what, it was an amendment inserted in the FHEFSSA too:


Therefore, it's always the FHEFSSA the law in force and HERA just inserted patches in the FHEFSSA and the Charter Act. You want to conceal what HERA didn't amend.
Although the Risk-Based Capital requirement is outlined by regulation, it's required by law, and thus, the Capital Rule that came into effect on February 16, 2021, called ERCF, is, in reality, a FHEFSSA Capital Rule, and not FHFA Capital Rule.

By the way, the FHEFSSA Critical Capital level is missing in the ERCF, because HERA didn't amend it. They are 3, not 2 capital requirements. Not meeting a threshold called "critical" bothers for the big lie of "rehabilitaton of FnF" peddled by the CEO of Fannie Mae and company, for the release today ($-194B Core Capital) and their invalid capital metric "Capital Reserve" used by the Federal Reserve only (Capital Surplus), badly assessed (adjusted Capital Reserve = $0) by the way.
This is why you want to conceal the FHEFSSA.


BUSTED. Or I should say "Kaput".