Fannie Mae-No Politics (FNMA)

[Wise Man]

It was an expense in Q3 of 2023 under accounting rules.
But, as capital distribution (an expense unrelated to the normal operations and, considered so by regulation), it's a restricted payment.
Restricted for a reason as pointed out before: build capital.
Yeah, we know. "Zing!" (FHFA-C's Incidental Power)