Replies to post #472983 on Fannie Mae-No Politics (FNMA)

[HoldenWalker99]

RE: capital restoration plan timeline, per HERA:

FHFA requests capital restoration plan from GSEs with response required in 45 days plus undefined extension if necessary.

FHFA approves or rejects the plan in 30 days plus extension of 30 days if necessary.

Could be as quick as 6 weeks... or extensions until we die...

[whipstick]

mnuchin said he would prefer an explicit guarantee at the security level

What does that mean for the future of the GSEs to you?

To me, that means he wants to give the market to private re insurers a la AIG