Fannie Mae-No Politics (FNMA)

[Wise Man]

That "overdue report" was submitted to Congress on February 2011, at the request of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Rep. Davidson was referring to a report required by Goldman Sachs' Mnuchin at the UST and Calabria, in the flawed January 14, 2021 SPSPA amendment: "Capital Reserve End Date", etc. Adjusted Capital Reserve= $0, and an invalid capital metric in FnF.
Obviously an attempt to supplant the prior mandate by law for the release from Conservatorship: a 3-option Privatized Housing Finance System revamp. Increase the guarantee fees, etc. Wind down their Investment Portfolios (Charter-barred PLMBSs) funded with low cost bonds thanks to the UST backup of FnF, etc.


A showdown Congress versus FHFA and UST is brewing.

SHOWDOWN
Rogue UST didn't purchase even 1 security to skip the prerequisite in its 2nd authority(Charter Act)
1-Warrant to(iii)protect the taxpayer(collateral)
2-SPS under(i)(ii):It dodged the Dec2009 deadline.
FnF aren't ordinary businesses(UST backup)#Fanniegate @TheJusticeDept https://t.co/kPMDg1PU9o pic.twitter.com/soUCur44KI

— Conservatives against Trump (@CarlosVignote) February 6, 2024