Replies to post #337293 on Fannie Mae-No Politics (FNMA)

[Patswil]

I found out that they actually have an analysis in the quarterly report had

(From timhoward717.com)

they marked assets and liabitilities to fair value. here you can see the impact from decreasing interest rates, when accounting for hedges+assets/liab, is only 1.4 billion. but for some reason they choose to not mark the balance sheet to market, so they report a 4+ billion fair value loss to their comprehensive income, using non cash fair value losses to offset cash profit.

my hypothesis is that they are preventing treasury draws in this way. if they had reported 1.4 billion fair value loss against their 3.8 billion profits, they would have had to pony up more cash to treasury this quarter.
interesting to note that fair value gain/loss on assets used to be part of comprehensive income
yay/nay?