Fannie Mae-No Politics (FNMA)

[obiterdictum]

Yes. There is a threshold said to be 80% and above. I did not mean to agree with Nick's statement as the issue was grammatical not financial.

It is not discussed often or well that the US Government treats the GSEs in the US Budget in different ways. The Congressional Budget Office (CBO) has something of the GSEs on the books for its estimation purposes (costs, etc) and the Administration Office of Management and Budget (OMB) claims it does not.

In the 2014 US Budget (OMB), you can find references to the GSEs as being off the federal books in the Appendix: Other Materials http://www.whitehouse.gov/omb/budget/Appendix

See the account here: Government Sponsored Enterprises:
http://www.whitehouse.gov/sites/default/files/omb/budget/fy2014/assets/gov.pdf

The CBO tells a different story: See CBO’s Budgetary Treatment of Fannie Mae and Freddie Mac
http://www.cbo.gov/sites/default/files/cbofiles/ftpdocs/108xx/doc10878/01-13-fanniefreddie.pdf

What I have not been able to find is the IRS rule for 79.9% as not meeting a threshold for ...or description as GAAP. I found only references to noncontrolling interest, subsidiaries, consolidation, etc.

Do you have references for this?