Letterhead of the U.S. Department of the Treasury]

Exhibit 10.1

[Letterhead of the U.S. Department of the Treasury]

Secretary of the Treasury

September 14, 2021

Xx. Xxxxxx X. Xxxxxxxx

Acting Director

Federal Housing Finance Agency

000 0xx Xxxxxx, XX

Washington, DC 20219

Dear Acting Director Xxxxxxxx:

Reference is made to the Amended and Restated Preferred Stock Purchase Agreement dated as of September 26, 2008, as amended (the Agreement), between the United States Department of the Treasury (Treasury) and the Federal National Mortgage Association (the Enterprise), acting through the Federal Housing Finance Agency as its Conservator.

In accordance with Section 6.3 of the Agreement, Treasury and the Enterprise hereby agree that the requirements under Sections 5.12(c), 5.13, 5.14(a), and 5.14(b) of the Agreement are suspended as of the date this letter is countersigned by the Enterprise. Each such suspension shall terminate on the later of one year after the date hereof and six months after Treasury so notifies the Enterprise.

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Sincerely,

/s/ Xxxxx X. Xxxxxx

Xxxxx X. Xxxxxx

Agreed and Accepted:

Federal National Mortgage Association, by

Federal Housing Finance Agency, its Conservator

/s/ Xxxxxx X. Xxxxxxxx

Xxxxxx X. Xxxxxxxx

Acting Director

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