It's fascinating accounting-wise. Matt Levine has a good write-up here: https://www.bloomberg.com/view/articles/2016-08-08/fannie-and-freddie-will-be-profitable

It's fascinating accounting-wise. Matt Levine has a good write-up here: https://www.bloomberg.com/view/articles/2016-08-08/fannie-and-freddie-will-be-profitable-after-their-next-bailouts-too https://www.bloomberg.com/view/articles/2016-08-08/fannie-an... The interaction of the accounting rules and the new tax plan was fascinating too because the value of their deferred tax asset changed: > “A reduction in corporate tax rates would require us to measure our net deferred tax asset using the new rate in the period in which the rate change is enacted, resulting in a one-time charge through the tax provision in the period the tax rate was changed, ...” More here: https://www.housingwire.com/articles/42130-trump-to-sign-tax-reform-into-law-that-will-trigger-fannie-freddie-treasury-draw https://www.housingwire.com/articles/42130-trump-to-sign-tax...