Fannie Mae-No Politics (FNMA)

[DaJester]

Correct. As written today... Future dividend payments to Treasury would be in cash. Any amount over the 10% of the LP value is kept by GSEs.

IMO - this will need to be re-amended. The LP amount will be huge by time of release. It will feel like a near-sweep or full sweep, and will feel like an ongoing fee (even though a dividend is not quite the same as a fee) it will appear to conflict with the Charter Act.