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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