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Foreclosure Defense Florida

Fannie Mae- The Federal Government- The Wizard Attacking Americans From Behind The Curtain.

 

fannie-mae-documents

WAKE UP AMERIKANS, IT’S NOT THE BANKS FORECLOSING ON YOU

IT’S THE FEDERAL GOVERNMENT!

AND IT’S COSTING US ALL BILLIONS!

The company’s net worth deficit of $4.6 billion as of December 31, 2011, reflects the recognition of its
total comprehensive loss of $1.9 billion and its payment to Treasury of $2.6 billion in senior preferred
stock dividends during the fourth quarter of 2011. The Acting Director of the Federal Housing Finance
Agency (” FHFA”) will submit a request to Treasury on Fannie Mae’s behalf for $4.571 billion to
eliminate the company’s net worth deficit. Upon receipt of those funds, the company’s total obligation
to Treasury for its senior preferred stock, which will require an annualized dividend payment of
$11.7 billion, will be $117.1 billion. The table below shows the amount of Fannie Mae’s requested
draws from Treasury and dividend payments to Treasury since entering into conservatorship on
September 6, 2008.

fanniedraw

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