Fannie Mae-No Politics (FNMA)

[imbellish]

•Extended the compliance date for the advanced approaches of the enterprise regulatory capital framework to January 2028, or such later date as FHFA may order

Trader I know at Freddie has indicated to me 2028 is the year he's been told to expect to have the capital to exit conservatorship.

Compliance with the regulatory capital requirements can be ignored until 2028 at this point in time.