Monday, September 15, 2014

fannie Financial statement shows 44 billion in DTA left

1,158,080,657 shares outstanding
1,308,762,703 shares issued

Fannie mae could sell 150,682,046 shares right now to market. Creating 9 billion in equity without issuing a single new share. at $60 a share.
Fannie also has well over 44 billion in DTA it could release to recapitalize. 
Fannie also has 117 billion being added to its liability side of the equation. When this is found to be paid back in full by the courts There becomes a whole new equity equation that would look more like this:
$3,218,817 Trillion in assets 
$3,101,668 Trillion in liability
117 billion in shareholder equity

This is important, This is $101 dollars per share in equity assets!!!!!!!!!!


Item 1.  Financial Statements
FANNIE MAE
(In conservatorship)
Condensed Consolidated Balance Sheets — (Unaudited)
(Dollars in millions, except share amounts)


 
As of
 
June 30,
 
December 31,
 
2014
 
2013
ASSETS
Cash and cash equivalents
 
$
20,847

 
 
 
$
19,228

 
Restricted cash (includes $25,401 and $23,982, respectively, related to consolidated trusts)
 
29,587

 
 
 
28,995

 
Federal funds sold and securities purchased under agreements to resell or similar arrangements
 
16,700

 
 
 
38,975

 
Investments in securities:
 
 
 
 
 
 
 
Trading, at fair value
 
26,630

 
 
 
30,768

 
Available-for-sale, at fair value (includes $561 and $998, respectively, related to consolidated trusts)
 
34,026

 
 
 
38,171

 
Total investments in securities
 
60,656

 
 
 
68,939

 
Mortgage loans:
 
 
 
 
 
 
 
Loans held for sale, at lower of cost or fair value (includes $25 and $31, respectively, related to consolidated trusts)
 
625

 
 
 
380

 
Loans held for investment, at amortized cost:
 
 
 
 
 
 
 
Of Fannie Mae
 
284,609

 
 
 
300,159

 
Of consolidated trusts (includes $15,116 and $14,268, respectively, at fair value and loans pledged as collateral that may be sold or repledged of $389 and $442, respectively)
 
2,758,619

 
 
 
2,769,547

 
Total loans held for investment
 
3,043,228

 
 
 
3,069,706

 
Allowance for loan losses
 
(39,067
)
 
 
 
(43,846
)
 
Total loans held for investment, net of allowance
 
3,004,161

 
 
 
3,025,860

 
Total mortgage loans
 
3,004,786

 
 
 
3,026,240

 
Accrued interest receivable, net (includes $7,470 and $7,271, respectively, related to consolidated trusts)
 
8,472

 
 
 
8,319

 
Acquired property, net
 
11,560

 
 
 
11,621

 
Deferred tax assets, net
 
44,809

 
 
 
47,560

 
Other assets (includes cash pledged as collateral of $1,821 and $1,590, respectively)
 
21,400

 
 
 
20,231

 
Total assets
 
$
3,218,817

 
 
 
$
3,270,108

 
LIABILITIES AND EQUITY
Liabilities:
 
 
 
 
 
 
 
Accrued interest payable (includes $8,213 and $8,276, respectively, related to consolidated trusts)
 
$
10,203

 
 
 
$
10,553

 
Debt:
 
 
 
 
 
 
 
Of Fannie Mae (includes $3,432 and $1,308, respectively, at fair value)
 
477,535

 
 
 
529,434

 
Of consolidated trusts (includes $16,420 and $14,976, respectively, at fair value)
 
2,712,010

 
 
 
2,705,089

 
Other liabilities (includes $453 and $488, respectively, related to consolidated trusts)
 
12,957

 
 
 
15,441

 
Total liabilities
 
3,212,705

 
 
 
3,260,517

 
Commitments and contingencies (Note 17)
 

 
 
 

 
Fannie Mae stockholders’ equity:
 
 
 
 
 
 
 
Senior preferred stock, 1,000,000 shares issued and outstanding
 
117,149

 
 
 
117,149

 
Preferred stock, 700,000,000 shares are authorized—555,374,922 shares issued and outstanding
 
19,130

 
 
 
19,130

 
Common stock, no par value, no maximum authorization—1,308,762,703 shares issued and 1,158,080,657 shares outstanding
 
687

 
 
 
687

 
Accumulated deficit
 
(125,123
)
 
 
 
(121,227
)
 
Accumulated other comprehensive income
 
1,620

 
 
 
1,203

 
Treasury stock, at cost, 150,682,046 shares
 
(7,401
)
 
 
 
(7,401
)
 
Total Fannie Mae stockholders’ equity
 
6,062

 
 
 
9,541

 
Noncontrolling interest
 
50

 
 
 
50

 
Total equity (See Note 1: Impact of U.S. Government Support  for information on our dividend obligation to Treasury)
 
6,112

 
 
 
9,591

 
Total liabilities and equity
 
$
3,218,817

 
 
 
$
3,270,108

 

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