Replies to post #787615 on Fannie Mae-No Politics (FNMA)

[Wise Man]

OFF-TOPIC. They have accumulated a CET1 of 2.7% and 2.8% of Adjusted Total Assets as of December 31, 2023 (Fannie Mae and Freddie Mac, respectively), with a Separate Account plan.
This is the Common Equity generated during Conservatorship.

Below, it's the accumulated figure, with a beginning balance on June 30, 2008. Freddie Mac as well. Here, the 3 charges for changes in Accounting Standards don't show up, in order to not distort the beautiful chart.

[LuLeVan]

"Munchkin injected ~1B into NYCB and will be taking more than 50% of the equity."

Mnuchin would never invest in Fannie and Freddie because he is on the side of the private banks (as are Buffett and Calabria). And for these thoroughbred capitalists, the GSEs, with their "socialist business model," are troublesome competitors that take market share away from the private banks in the real estate market.