FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE : Entry right into a Materials Definitive Settlement (kind 8-Ok)

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Merchandise 1.01 Entry Right into a Materials Definitive Settlement.
Letter Settlement with Treasury
On September 14, 2021, Fannie Mae (formally referred to as the Federal Nationwide
Mortgage Affiliation), by way of the Federal Housing Finance Company ("FHFA"),
performing on Fannie Mae's behalf in its capability as conservator, and the United
States Division of the Treasury ("Treasury") entered right into a letter settlement
(the "Letter Settlement"). The Letter Settlement briefly suspended the
following provisions of the Amended and Restated Senior Most well-liked Inventory Buy
Settlement, as amended (which we consult with because the "SPSPA"), between Fannie Mae and
Treasury:
•Part 5.12(c)-relating to the only counterparty quantity cap on single-family
acquisitions for money;
•Part 5.13-relating to the restrict on multifamily quantity;
•Part 5.14(a)-relating to the restrict on specified higher-risk single-family
acquisitions; and
•Part 5.14(b)-relating to the restrict on acquisitions of single-family mortgage
loans backed by second properties and funding properties.
These suspended provisions had been new enterprise restrictions contained within the
January 14, 2021 letter settlement to the SPSPA. The Letter Settlement gives
that the suspension of those provisions will terminate on the later of 1 yr
after the date of the settlement and 6 months after Treasury notifies us. We
describe the phrases of the SPSPA, together with the suspended provisions described
above, in our annual report on Kind 10-Ok for the yr ended December 31, 2020
(the "2020 Kind 10-Ok"), below the heading "Enterprise-Conservatorship, Treasury
Agreements and Housing Finance Reform-Treasury Agreements."
The outline of the Letter Settlement on this report is certified in its
entirety by reference to the total textual content of the settlement, which is filed as
  Exhibit 10.1   to this report and included herein by reference.
Materials Relationships with Treasury
Treasury beneficially owns greater than 5% of the excellent shares of our widespread
inventory by advantage of the warrant we issued to Treasury on September 7, 2008.
Discussions of Treasury's useful possession of our widespread inventory and our
transactions with Treasury are contained in our 2020 Kind 10-Ok below the heading
"  Sure Relationships and Associated Transactions, and Director
Independence-Transactions with Associated Individuals-Transactions with Treasury  " and
are included herein by reference. Our 2020 Kind 10-Ok additionally comprises a
description of the SPSPA, the senior most well-liked inventory and the warrant below the
heading "Enterprise-Conservatorship, Treasury Agreements and Housing Finance
Reform-Treasury Agreements."
Merchandise 9.01 Monetary Statements and Displays.
(d) Displays. The next displays are being submitted with this report:
Exhibit Quantity               Description of Exhibit
10.1                           Letter Settlement between america 

Division of the Treasury

                             and the Federal Nationwide Mortgage Affiliation, 

performing by way of the Federal

                             Housing Finance Company as its duly appointed 

conservator, dated September

                             14, 2021
104                          Cowl Web page Interactive Information File (embedded throughout the Inline XBRL
                             doc)


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