Statement on Department of Treasury and FHFA Amendment to Preferred Stock Purchase Agreement from Hugh R. Frater, Chief Executive Officer, Fannie Mae
"This is a significant milestone and creates a path to end the conservatorship. Continuing to rebuild our capital base will make us a fundamentally safer financial institution for the long term. I thank Secretary Mnuchin and Director Calabria for taking this important step forward. While increasing our capital base is essential, more work lies ahead to create a durable housing finance system to serve future generations of homeowners and renters of all income levels, through good times and bad. We look forward to working with Treasury, FHFA, and other policymakers to advance that goal."
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