Replies to post #688293 on Fannie Mae-No Politics (FNMA)

[Mnemonic]

Good point. Almost forgot about that.

The new arrangement also stipulates that Fannie and Freddie cannot exit government conservatorship until litigation between the government, the companies, and various shareholders is resolved. Furthermore, the pair will not be allowed to issue common stock until the Treasury has exercised its warrants to purchase nearly 80% of their stock.

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U.S. Treasury Secretary Steven Mnuchin and Janet Yellen, Biden’s pick to take over the Treasury, have met to discuss the issue, a senior Treasury official said on Thursday.