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Freddie will surpass Fannie - he has half the shares outstanding.
Buying in families accounts where no disclosure is needed
Almost $150 Billion dollars
Friday will be better no worries
I reckon today is just a bend over and take it in the ass day. Nothing more than just that.
Temporary Indefinite, corrupt judges are not going to help you!
Republican senators introduce bill to expand federal oversight
of housing programs The bill was introduced by key members of the Senate
Banking Committee, including Tim Scott, Katie Britt and Mike Crapo
September 18, 2024, 4:17 pm - By Chris Clow
Republican senators introduce bill to expand federal oversight of housing programs https://t.co/Qd7dDD5yUH
— Cmdr Ron Luhmann (@usnavycmdr) September 19, 2024
$FMCC anyone confirm cash on hand?
Be careful today folks! Games will be played with the GSE stocks, pref's. I have no doubt. Futures are way up due to that late announcement yesterday of the fed cutting. As always, this will fly and then drop like a hot cake by the end of the day, or fly today and jump tomorrow, then drop off a cliff over a weeks trading. SO, groundhog day as usual.
We don' have a treasury head right now. We have a climate change activist who travels around on the taxpayer dime preaching greenhouse gases. Every other time there is news about the treasury head it is climate related, So anything GSE is miles and miles away from that q-tip noggin. I for one, am thankful for Treassuries non-involvement in the GSE's. That can be the norm until Nov 5th, for all I care. After that, let's hope we get a very vocal supporter in treasury and a solid FHFA head.
A good Utiltiy Model is doable, i will admit, its the fees set by Treasury that bothers me, they cheat steal and lie all day long, and i dont think Yellen has a clue what it means anyhow. Its better than wind down, used by idiots like Obama and other crooked people who just want to steal all profits. But how will Shareholder profit. well guess what, if they did do an IPO into a utility company that would just pay fees to Treasury and FHFA most everyone would be happy. the issue is the residual freaks like shellmans masters who just hate everyone who is an investor, and want to steal everything for nothing. I still say all is well if shareholders are bought into the New Utiiity, and Dividends are restored. all of the retirement funds who lost money can now have stable ground to fall back on before they expire like the rest of us.
The New CEO Diana Reid of FMCC reported zero shares yesterday, so all execs in both companies hold zero shares…
WTF does that tell ya?
thanks Louie for your detailed response. it is much appreciated.
Hey golfbum. I only get one post here and zero emoji's lol. I know, childish. Here's why I think Lamberth might be trying to hold off after election....
#1 Trump getting in would change the tone and approach of every GSE lawsuit.
#2 Lamberth being a Reagan man and Trump also, seems to give with a major middle of the road approach to the twins release which would piss off groups on both sides.
#3 Lamberth has taken too long as we all know.... Why? Is there an underlying method to the madness? Look at the first trial. He interfered lots, the jury was not unanimous, his instructions, the juror who left, numerous other extensions based on both plaintiff and gov.
#4 to me, it seems Lamberth is allowing carte blanche government appeal. This drives the award up, yes... But it opens the government to more litigation and possibly a bigger higher settlement (maybe).
#5 Chevron and it's implications. Lamberth was instructed by SCOTUS to determine damage done, what if he's fishing or angling to send this back to SCOTUS, especially if the plaintiff lawyers come up with a good anti Chevron way of challenging? Is it possible? IDK. Would SCOTUS rule differently on this case if the Chevron doctrine had been defeated like it has? I believe they absolutely would rule differently.
#6. The government is the only one procrastinating things so far. Some on these boards are supposing it's because the current admin wants to leave a Trump admin a large bill to pay. That tells you a few things... If true, they're very worried about his getting in. He wouldn't care about the bill, he'd pin on the current admin, justifiably, for not settling. He'd possibly even have his DOJ offer to drop the case and settle out of court, for possibly more, to avoid any further challenges. He knows litigation and how to cut it short.
#7. There's probably a few other reasons why Lambeth is slow walking this. Maybe good, maybe bad. I just wonder with him and Trump both being big Reagan fans, and him being appointed, there's maybe a connection ???
I truly support your opinion.
they are finally starting to get it. maybe, its the best one single way to float America again, all the rest is noise, talk, and promises. this gets it done
can you please explain in more detail as to your opinion on Lambreathe motives to do what? tia
I'm getting the feeling that Lamberth is pushing this decision (final) out past the election (Nov 5) for a reason. If you look at the snippet from his Bio below, He's a Reagan appointee and Trump is a huge Reagan fan. Makes me wonder JMHO. Could it be he is giving the government enough rope to hang itself? It is truly odd, from day one of the first trial, if you all remember?
Federal judicial service
Lamberth was nominated by President Ronald Reagan on March 19, 1987, to the seat on the United States District Court for the District of Columbia vacated by Judge Barrington D. Parker. He was confirmed by the United States Senate on November 13, 1987, and commissioned on November 16,
Notice the MKTs Fannie / Freddie $Reply to WSJ news ? ... lol
Fannie +.04 Freddie +.05
The government’s stakes in Fannie and Freddie could be valued
in the Hundreds of $Billions of dollars, bankers estimate. That could
allow the government to sell more than $100 billion of securities
in one swoop, some bankers say. ...
Fannie Mae, Freddie Mac Stock Jumps on Renewed Hope of Freedom
— Cmdr Ron Luhmann (@usnavycmdr) September 15, 2024
By WSJ
Fannie Mae Freddie Mac surged Friday, after Wall Street Journal reported Donald Trump’s allies were drawing up plans to end their govt control if he wins the presidential electionhttps://t.co/ombBf81xJB
Trump Allies Are Working on Plans to Privatize Fannie and Freddie
A deal would call for the government to try to sell a chunk of its holdings in the mortgage giants to investors, including sovereign-wealth funds
https://www.wsj.com/politics/policy/trump-allies-are-working-on-plans-to-privatize-fannie-and-freddie-a9c4e5ff
Anna Maria Andriotis & Gina Heeb
Updated Sept. 13, 2024 12:02 am ET
Donald Trump’s allies want once again to try to untie the Gordian knot of the mortgage market: what to do with Fannie Mae and Freddie Mac.
Former Trump administration figures and bankers have been discussing plans on ending U.S. government control of the mortgage-finance giants should Trump win the presidential election, according to people familiar with the matter. The talks have been under way since at least this past spring and include reaching out to investment managers for advice on how to get the deal done.
Trump confidants including Larry Kudlow, former director of the National Economic Council, and John McEntee, former director of the White House presidential personnel office, are among those involved, the people said.
“The [former] president himself has never said anything about this throughout the campaign,” a Trump campaign spokeswoman said.
The government’s stakes in Fannie and Freddie could be valued at hundreds of billions of dollars, bankers estimate. That could allow the government to sell more than $100 billion of securities in one swoop, some bankers say. That would top the biggest stock and bond offerings in history and require interest from the largest investors, including sovereign-wealth funds.
Earlier efforts to free Fannie and Freddie from government control, including during Trump’s presidency, failed. Critics worried about the companies’ safety and the impact on the housing market, which relies on their backing. There were also doubts about whether bankers could actually drum up enough money.
A top focus of the talks is ensuring that the companies will be well capitalized so as to not pose a risk to the U.S. housing market. The role of Fannie and Freddie in funding 30-year mortgages, the foundation of the U.S. housing market, has hinged on the government’s full support.
The Trump allies have discussed having the Treasury Department partially back a certain amount of Fannie and Freddie loans through a so-called standby guarantee, the people said, similar to the way the Federal Deposit Insurance Corp. backs deposits below a certain threshold at banks.
Fannie and Freddie purchase and securitize a huge portion of loans in the U.S. residential and commercial mortgage markets. Nearly 40% of the $435 billion of residential loans originated in the second quarter were sold to Fannie or Freddie, according to Inside Mortgage Finance. The two firms owned or guaranteed roughly 40% of the $2.2 trillion in multifamily mortgage debt as of September 2023, according to estimates from their latest annual filings.
Fannie and Freddie operated with implicit government support when they were created but have been under full government control for 16 years. After a 2008 rescue, the Treasury Department took warrants to purchase about 80% of common stock at Fannie and Freddie, as well as senior preferred shares. Other investors can own junior preferred shares, which used to pay a dividend, or common stock.
Trump’s allies and other Republicans view privatizing the firms—or putting nongovernmental shareholders in control—as a way to reduce the country’s deficit and return money to taxpayers.
Opponents of privatization have said that it would decrease access to credit for home buyers and increase the risk for taxpayers.
Different paths being discussed
Trump’s allies are assessing different paths to privatization. One includes bypassing congressional approval and instead proceeding through the Federal Housing Finance Agency, which oversees Fannie and Freddie, and the Treasury Department, the people said.
The FHFA would be key to any plan. It sets the capital requirements and other standards for Fannie and Freddie.
The allies are discussing how to divide any newly found value between the government and other shareholders and avoid drawn-out legal battles.
The preferred and common shares had rallied after Trump’s 2016 election and his 2019 proposals to privatize the companies, only to fall during the Biden administration.
Big investors could profit
Some prominent hedge-fund investors, and Trump backers, have for years been pushing for Fannie and Freddie to be freed from government ownership. Depending on the plan, they could stand to profit handsomely.
Bill Ackman’s Pershing Square owns a roughly 10% stake in the common shares of both Fannie and Freddie.
John Paulson, who is viewed as a potential pick for Treasury secretary under Trump, owns a sizable investment in the preferred shares.
Both Paulson and Ackman have endorsed Trump for president.
“The conservatorship was always intended to be temporary so it makes sense that policymakers release them from conservatorship now that reforms are complete,” a Paulson spokesman said. “The government will be the biggest winner in a release of [Fannie and Freddie].”
Write to AnnaMaria Andriotis at annamaria.andriotis@wsj.com and Gina Heeb at gina.heeb@wsj.com
Bullish
Bullish
Fannie & Freddie privatization story by Trump Allies on CNBC confirmed ...
Boom ! Must listen & Share ! Future of Fannie Mae & Freddie Mac comes into question on CNBC https://t.co/p0AIPouxJh
— Cmdr Ron Luhmann (@usnavycmdr) September 14, 2024
Conversation was manipulated by the paid for hire media and the tbtf banksters
Duh
Future of Fannie Mae and Freddie Mac comes into question. Finally, F&F officially on CNBC market news. Go figure. Both of F&F combine worth 100 of billion. Too bad the corrupt crooks soon will be leaving with their tails between their legs. Exactly. What were the crooks in charge F&F done in the last 4 years except corruption and bs talking and talking and who will give a damn about the background unless they are too much free time and there to collect weekly pay check and they are good at it. Good luck with F&F SH and mm try very hard to shake out the weak hands. Again patient is the virtue.
https://www.cnbc.com/video/2024/09/13/future-of-fannie-mae-and-freddie-mac-comes-into-question.html
What did he say. Did he talk about GSE
I hope for top and look for middle road.
John Paulson is making an appearance on the CNBC show today. The good news comes one after another. The train is leaving!
Hopefully this time is different and real.
END OF CONSERVATORSHIP !
https://finance.yahoo.com/news/trump-allies-working-plans-privatize-152503014.html
I still think Ackmans higher end is the fair price for any buyout of commons. When he did his study and power point presentaton his estimate was like $24 to $45 a share. I think at current capital levels, the book of business and how they keep growing, the $40-50 range would be a fair buyout, considering the government would no doubt be selling renewed IPO shares at $50 plus. They know the true value is north of $250. The only reason they'd do a buyout and re-IPO is so all those money grubbing politicians and their supporter friends, family can get their insider buys made before or during. Once any Sovereign buys in, the prices will climb quickly and high.
Think $20 something.
Hi
It has been a long time.
Conservatorships will end within 3-4 months if not sooner IMO
Sovereign incoming
Conservatorships are over
I would bet January 2025
Booom Booom Booom !
https://www.wsj.com/politics/policy/trump-allies-are-working-on-plans-to-privatize-fannie-and-freddie-a9c4e5ff
-Trump Allies Are Working on Plans to Privatize Fannie and Freddie
A deal would call for the government to try to sell a chunk of its holdings in the mortgage giants to investors, including sovereign-wealth funds
Anna Maria Andriotis
& Gina Heeb
Updated Sept. 13, 2024 12:02 am ET
Donald Trump’s allies want once again to try to untie the Gordian knot of the mortgage market: what to do with Fannie Mae and Freddie Mac.
Former Trump administration figures and bankers have been discussing plans on ending U.S. government control of the mortgage-finance giants should Trump win the presidential election, according to people familiar with the matter. The talks have been under way since at least this past spring and include reaching out to investment managers for advice on how to get the deal done.
Trump confidants including Larry Kudlow, former director of the National Economic Council, and John McEntee, former director of the White House presidential personnel office, are among those involved, the people said.
“The [former] president himself has never said anything about this throughout the campaign,” a Trump campaign spokeswoman said.
The government’s stakes in Fannie and Freddie could be valued at hundreds of billions of dollars, bankers estimate. That could allow the government to sell more than $100 billion of securities in one swoop, some bankers say. That would top the biggest stock and bond offerings in history and require interest from the largest investors, including sovereign-wealth funds.
Earlier efforts to free Fannie and Freddie from government control, including during Trump’s presidency, failed. Critics worried about the companies’ safety and the impact on the housing market, which relies on their backing. There were also doubts about whether bankers could actually drum up enough money.
A top focus of the talks is ensuring that the companies will be well capitalized so as to not pose a risk to the U.S. housing market. The role of Fannie and Freddie in funding 30-year mortgages, the foundation of the U.S. housing market, has hinged on the government’s full support.
The Trump allies have discussed having the Treasury Department partially back a certain amount of Fannie and Freddie loans through a so-called standby guarantee, the people said, similar to the way the Federal Deposit Insurance Corp. backs deposits below a certain threshold at banks.
Fannie and Freddie purchase and securitize a huge portion of loans in the U.S. residential and commercial mortgage markets. Nearly 40% of the $435 billion of residential loans originated in the second quarter were sold to Fannie or Freddie, according to Inside Mortgage Finance. The two firms owned or guaranteed roughly 40% of the $2.2 trillion in multifamily mortgage debt as of September 2023, according to estimates from their latest annual filings.
Fannie and Freddie operated with implicit government support when they were created but have been under full government control for 16 years. After a 2008 rescue, the Treasury Department took warrants to purchase about 80% of common stock at Fannie and Freddie, as well as senior preferred shares. Other investors can own junior preferred shares, which used to pay a dividend, or common stock.
Trump’s allies and other Republicans view privatizing the firms—or putting nongovernmental shareholders in control—as a way to reduce the country’s deficit and return money to taxpayers.
Opponents of privatization have said that it would decrease access to credit for home buyers and increase the risk for taxpayers.
Different paths being discussed
Trump’s allies are assessing different paths to privatization. One includes bypassing congressional approval and instead proceeding through the Federal Housing Finance Agency, which oversees Fannie and Freddie, and the Treasury Department, the people said.
The FHFA would be key to any plan. It sets the capital requirements and other standards for Fannie and Freddie.
The allies are discussing how to divide any newly found value between the government and other shareholders and avoid drawn-out legal battles.
The preferred and common shares had rallied after Trump’s 2016 election and his 2019 proposals to privatize the companies, only to fall during the Biden administration.
Big investors could profit
Some prominent hedge-fund investors, and Trump backers, have for years been pushing for Fannie and Freddie to be freed from government ownership. Depending on the plan, they could stand to profit handsomely.
Bill Ackman’s Pershing Square owns a roughly 10% stake in the common shares of both Fannie and Freddie.
John Paulson, who is viewed as a potential pick for Treasury secretary under Trump, owns a sizable investment in the preferred shares.
Both Paulson and Ackman have endorsed Trump for president.
“The conservatorship was always intended to be temporary so it makes sense that policymakers release them from conservatorship now that reforms are complete,” a Paulson spokesman said. “The government will be the biggest winner in a release of [Fannie and Freddie].”
Write to AnnaMaria Andriotis at annamaria.andriotis@wsj.com and Gina Heeb at gina.heeb@wsj.com
DJT very clearly so clever. Why give another chance for done nothing in the last 3.5 years for the third debate? Everyone don't forgot DJT already first debate with her boss sleepy J. Sept 10 is the second debate and 3.5 years comes out bunch of accusation and liars. Will see who will be last laugh and for the entire corrupt crooks in charge fhfa soon will be looking another job after Nov. Because all of them will be fired due inept running 4 trillion company. They are good about talking and talking and how growth up from here and and there who care about your background where their from except continue put F&F SH in Cship something they very afraid mention why stolen $$$ for hardworking people? $$$ from F&F earning each of the quarters for green project bs to cover the corruption is their # 1. DJT will liberate F&F this Nov and the country will be in the right track MAGA. In the mean time ignored lowlife mm game to shake out the weak hands. Bottom line who care about the win or lost in the debate. In the end the Winer will be DJT. Wall street already who will be winner in the WH Nov. Good luck for die hard F&F SH......You soon will shower with a lot of $$$$$. Patient is the virtue.
https://finance.yahoo.com/news/federal-judge-allows-prediction-market-181429324.html
Arnold tried telling us, oh well, if this election is lost everything will be shit anyways! Don’t get to upset! 40 trillion in debt closing in upon us!
Helpless hopeless bunch we are
GSE's no mention for past 3.5 years.
still in prison and left for dead.
if you still don't know what to do soon.
LMAO
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