April 14, 2022: 2022-2026 FHFA Strategic Plan since Biden’s Sandra Thompson took over includes objective of implementing capita plans to achieve regulatory capital requirements. source: https://www.fhfa.gov/AboutUs/Reports/ReportDocuments/FHFA_StrategicPlan_2022-2026_Final.pdf a. This is impossible to achieve in this time frame absent Treasury’s involvement. b. Fannie and Freddie have continued to retain earnings. This aligns with maximizing the value of the warrants as outlined in the CBO report: “Effects of Recapitalizing Fannie Mae and Freddie Mac through administrative actions” source: https://www.cbo.gov/system/files/2020-08/56496-GSE.pdf
April 2022: White House NEC Director Brian Deese said 12-18 months to get the conservatorships resolved. source: https://twitter.com/DoNotLose/status/1753093476378382843 a. October 23, 2023: ~18 Months Later, Jim Parrott floated a plan to recap and release Fannie Mae and Freddie Mac through the White House. source: https://www.insidemortgagefinance.com/articles/229238-short-takes-in-gse-mbs-we-trust-the-10-year-coming-soon-a-bond-market-rally-the-state-of-warehouse-finance-fhas-hecm-tweaks?v=preview
