Fannie Mae-No Politics (FNMA)

[Wise Man]

Only FHFA-C is in charge of the release from Conservatorship, working with Congress because of the UST's 3-option Privatized Housing Finance System revamp in a 2011 Report to Congress, chosen as "recommendations on ending the conservatorships", at the request of the Wall Street reform and Consumer Protection Act (The Dodd-Frank law).
The U.S. Congress didn't direct Pagliara to lay out his recommendations.
The Biden Administration can provide input, but it can't change the plan for the release, in motion since then (guarantee fee increases, Basel framework for capital requirements, the commingled securities for a Government- or private- catastrophic loss resinsurance) and DeMarco began to work on it right away.

The extended Conservatorship is evidence of this Privatized Housing Finance System revamp, because the FHFA has already made clear that it wants a "Membership cleansing", as seen in its 2016 Final Rule with the FHLBanks: ordered to wind down their affairs with the captive insurers in the next 6 years (hedge funds getting cheap funding from the FHLB system). This final rule was first proposed in 2010.
With an adjusted CET1 > 2.5% of Adjusted Total Assets (Separate Account), the JPS can be redeemed, still comply with T1 > 2.5% of ATA and, as of the recent 4Q 2023 Earnings report, the laggard Fannie Mae had a Capital Buffer > 25% of the Prescribed Capital Buffer for the resumption of dividend payments after this JPS redemption.
The stars are aligned and this is how FnF "wind down their affairs with them".
It's evidence because all possible prior thresholds for the release have been skipped:
1- At the discretion of the FHFA-C (prior FHEFSSA),
2- Prior mandatory release with Capital Classification Undercapitalized,
3- Resumption of dividend payment (laggard Fannie Mae with the 3Q2022 earnings report. $FNMAS's Fair Value chart),
4-CET1 >2.5% of ATA (laggard Fannie Mae with the 3Q 2023 earnings report)
We are in the last one.
5- Number 4 + Capital Buffer > 25% of Prescribed Capital Buffer (Fannie Mae, 4Q 2023 earnings report)

Although the Congress might disagree with the conservator acting "in the best interests of the FHFA" (Incidental Power), the redemption of the JPS is now a corporate decision.

It's clear the collusion to spread the slogan that it's the White House the one that decides about the release. It began with Pagliara in the tweet that you post, peddled also by his social media crew and, recently, the NEC Director Lael Brainard and Timothy Howard, adding both that the Biden Administration won't release them, thinking of the Trump letter, as seen in this comment from Howard posted on Ihub:

the administration is not currently considering tackling the much bigger issue of removing Fannie and Freddie from conservatorship this year.” Yesterday, Brainard simply “said the silent part out loud.”

The post prompted my reply yesterday: "Howard feels comfy with Brainard playing along".
And I posted this image that turned the plotters mad.