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  • Comment Detail

  • Date: 02/24/22
    First Name: Dean
    Last Name: Featherston
    Organization: N/A
    City: N/A
    State: N/A
    Attachment: N/A
    Number: RIN-2590-AB16

  • Comment

    If Sandra Thompson and Janet Yellen are so inclined, there is nothing in the law that prevents the release of Fannie and Freddie from conservatorship. They just have to writedown the SPS to zero which both their predecessors have acknowledged has been paid in full.

    Fannie's minimum capital requirement per FHEFSSA as of 12/31/2021 stands at $25.6 billion. Assets subject to 2.5% are $321.4 billion = $8.0 billion. Assets subject to .45% are $3.9077 trillion =$17.6 billion.

    Freddie's minimum capital requirement per FHEFSSA as of 12/31/2021 stands at $17.6 billion. Assets subject to 2.5% are $197.3 billion = $4.9 billion. Assets subject to .45% are $2.828 trillion =$12.7 billion.

    Despite what might have been posted on Ihub, HERA doesn't have a 2.5% minimum capital requirement. The governing law is FHEFSSA.