The article was written by some guy who has time in his hands and lives in his mother's basement. Stock will be cancelled by June. No parallel with sallie Mae. Don't drink the kool aid
The Federal Housing Finance Agency is expected to allow Fannie Mae to claim billions of dollars in “deferred tax assets” over several quarters, industry executives with knowledge of the issue told Inside Mortgage Finance. One former Fannie executive said it’s likely that the DTA will be captured over “two or three” reporting quarters. In a recent SEC filing, Fannie reported that the “valuation allowance” on its deferred tax assets was $64.1 billion at December 31.
A spokesman for the regulator declined to comment to Inside The GSEs.
The GSE has delayed releasing fourth quarter and full year earnings because of the issue. Sources told IMF that Fannie wanted to capture its DTA (or a large chunk of it) for the fourth quarter, but was originally blocked by FHFA. This occurred several weeks ago. However, since then, FHFA has changed its mind and is now working with the GSE, officials said.
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