Interestingly, the original House Bill in 1992 did not use the term “Products” but rather the term “Program”. The original proposed bill also did not include section 304 of FNMA’s charter act.
Can you link the FNMA charter act like I did for Freddie? In which paragraph(s)— 2, 3, 4 or 5 of section 302(b) or 304–is the language you cite? Thanks in advance.
“A fee that violates the plain letter law of the very section 304 that prohibits such an abomination.”
The Senior Preferred Stock upon creation was created as a new type of Preferred Stock Fannie and Freddie had never sold before. The Regulator, the unelected bureaucrat of the 4th branch of government, failed to apply the APA… FHFA as Regulator / Treasury broke the law by not following the APA governing the Regulator.
News 
Market Data 
Discover 
