Replies to post #756872 on Fannie Mae-No Politics (FNMA)

[NeoSunTzu]

I do not have a fundamental misunderstanding; it is you who made the statement about 2.5% and the capital figures that would allow release which is ABSOLUTELY WRONG. All the detail you added in this post is nothing more than covering your mistatement. I did not add the rest of the capital rule details because they are unnecessary to restate with regard to your original statement about the captial figure you quoted. The FHFA web site completely defines the requirement and Tim Howard did the calculation for both enterprises which gave the figures I quoted; furthermore, UNLESS the letter agreement is changed UST is requiring two consecurive quarters of 3% before the enterprises can be released from c'ship - another direct refutation of the figure and percent you posted. Again, 2.5% will NEVER be figure as you seem to realize now with the additional information you posted once you were called out.