Fannie Mae-No Politics (FNMA)

[kthomp19]

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.

That's only for Freddie. Fannie can hit the base leverage capital requirement in 2026 if the seniors are cancelled or converted to common.

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

It can be ignored until either company exits conservatorship. FHFA has decided not to classify FnF using any of HERA's required capital classifications while conservatorship lasts.