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FHFA Predicted $72B Profit For Fannie Mae 26 Days After Grab

Value Walk

 July 31, 2014, Tim Howard

 

In light of the news regarding the newly leaked secret treasury documents, I want to share a nice little gem. It’s a report produced on October 26,2012 entitled “FHFA Updates Projections of Potential Draws for Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC).” I have attached a PDF file below. Keep in mind the Third Amendment Sweep was signed in August of 2012 to be effective September 30,2012.

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