Fannie Mae-No Politics (FNMA)

[Donotunderstand]

?
Better or worse

right now - it is - I THINK -? All profit is kept in cash by F and F - (so called capital growth) - and the same (unlimited ?) amount is sent to Treasury BUT ONLY in the form of IOU. Nothing kept by F and F is not matched with an IOU?

At some point - full cap - the dividend is the lower of 10% or profit - per year (maybe measured each quarter) . And would that be in cash to Treasury or the same IOU approach? And would that mean that any profit >10% of value of LP -- is 100% kept by F and F with no IOU ?