Replies to post #449130 on Fannie Mae-No Politics (FNMA)

[Unhombrealado]

The liquidation preference is not the same as the value Treasury puts on their ownership stake in the GSE's, else the number would be 190B+ instead of 95B.

I'm not sure why there was such a decrease in valuation if they expect the g fee revenue to increase.

There are some details on how they calculate the worth based on a 2015 report (I couldn't find one for this year):

https://www.fiscal.treasury.gov/fsreports/rpt/finrep/finrep15/note_finstmts/fr_notes_fin_stmts_note8.htm

At any rate, the only news I see here in the budget is that they are expecting to increase the g fee to allow banks to compete with FnF. So open the market to competition and keep FnF profits for the next 10 years.