Fannie Mae-No Politics (FNMA)

[obiterdictum]

There is a GSE draw for the US Treasury for operations and agreements. There are dividends given to the US Treasury per agreement. The conditions of how the draw occurs and under what conditions, what amount is available for the draw, and what amount of dividends that are allowed to be taken from profits made and to be given to and received by US Treasury and until when this process will go on is made by the US Treasury in the SPSPAs.

What is being paid down? What is owed? Where is that stated? "Owed" in quotations marks is an opinion or interpretation?

This fiscal arrangement only allows one to say that the amount of dividends given is approaching the amount of the draw taken and that if dividends continue they may eventually exceed the the total amount of the draw taken.

The increasing value of the initial shares concerns the US Treasury's liquidation preference. The liquidation preference is another matter.