Fannie Mae-No Politics (FNMA)

[Wise Man]

"Fully capitalized".... "NWS resumes". A bunch of lies.

Fully capitalized.

It's the infamous "Capital Reserve End Date" by Calabria/Mnuchin in the January 14, 2021 SPSPA 6th amendment: when the Capital Reserve meets the capital requirements.
A FHEFSSA invalid capital metric, badly assessed and a fraudulent threshold.JACKPOT!
It's core capital, Total Capital, CET1 or Tier 1 Capital the ones that meet the capital requirements.
Adjusted $402B core capital shortfall over minimum Leverage capital ratio.
With the same adjustment (offset absent from the Balance Sheets, explained below) that makes the Capital Reserve be $0.

NWS resumes.

And the NWS doesn't resume, because it's been an ongoing NWS.
The same Common Equity Sweep as before. Instead of through a dividend payment (NWS dividend), through the offset (reduction of Retained Earnings. Core Capital) attached to the ongoing SPS LP increased for free, equal to the Net Worth increase in the period.
This is why now it's called NWS 2.0.

What would resume is the NWS dividend.
Both are capital distributions restricted, and it's being used the exceptions to legalize this payment. Currently, pointing out that the Common Equity is held in escrow with the aforementioned offset, despite that it's been concealed when these SPS LP increased for free and its offset, are missing on the Balance Sheets (Financial Statement fraud).
So, we are safe. We just need to get rid of the rogue litigants that cover up this fact in frivolous lawsuits.

Please, refrain from talking about what you don't understand, FnF.