Fannie Mae (FNMA)

[Wise Man]

The Capital Rule is effective February 16, 2021.


Although the same Capital Rule stated that FnF must keep it secret until January 1st, 2022 (They only gave a broad figure with the 1Q2021 Earnings reports).
Therefore, the ERCF tables were posted for the first time with the 1Q2022 Earnings reports.


A measure tailored for representative French Hill in the annual testimony of the FHFA Director of July 2022, so he asked about the 2021 FHFA Report to Congress without the ERCF tables and huge regulatory capital shortfalls over capital requirements.

The same with representative McHenry in 2023. The 2022 FHFA Report to Congress in question was released in June 15, 2023, but he had already convened the annual testimony of the FHFA Director weeks earlier.

Anyway, the core capital available and Minimum Capital level have been posted every quarter since day one on their Earnings reports, because it's statutory (with the old weights).
The Risk-Based Capital requirement absent, because HERA struck the entire section with the formulaic in the FHEFSSA.
The capital shortfall is evidence in itself of a Separate Account plan (Adjusted $402B core capital shortfall over Minimum Leverage Capital requirement as of December 31, 2023, combined).