[Robert from yahoo bd]

"If you got rid of Chevron you would essentially force - you'd make the executive branch a little less powerful. You'd make the other two branches a little more powerful," Clement says.

https://abcnews.go.com/Politics/fishermens-supreme-court-fight-government-monitors-make-big/story?id=102060183

[Guido2]

My response to Vivek:

But will @VivekGRamaswamy release Fannie Mae and Freddie Mac from a fraudulent conservatorship (since to 2008) while the administrative state swindled $301 billion of their equity for pet projects not funded by Congress? https://t.co/RQykDuzlpT

— Guido da Costa Pereira (@GuidoPerei) September 27, 2023

[KenKong]

Truedat!

[Guido2]

Without checking on exact numbers, roughly $26 trillion in equity backing their $7.6 trillion books of business. Why even discuss capital requirements?

[Robert from yahoo bd]

"The company also announced an expansion of its Special Purpose Credit Program (SPCP) pilot to provide downpayment assistance to eligible first-time homebuyers living in majority-Latino communities."

https://finance.yahoo.com/news/fannie-mae-announces-resources-assistance-163500270.html

What if I'm not Latino, can I still get a federal subsidy from Uncle Suggy?

20-1199 Students for Fair Admissions, Inc. v. President and Fellows of Harvard ...

https://www.supremecourt.gov/opinions/22pdf/20-1199_hgdj.pdf

[Robert from yahoo bd]

For the GSE'S a portion of the $52T in US Residential Real Estate market value is the collateral for the $7.6T in Mortgages that the GSE'S are guaranteeing the timely payment of interest and principal.

[Freddie bagholder]

yes kbw research has been spot on like you always in the past.

[Donotunderstand]

I think SANDRA was at (ran) the FDIC in 2008-2009?

[Donotunderstand]

BO did start the NWS

Seems - from posts here and stories on the OVERALL web - that the goal was simpler and more direct

Skinny the GSEs --- so that other entities would enter a more competitive market

We know that no POTUS can direct money paid by GSEs to any pet project --- it all goes to Treasury

Recall my comment --- if BO could "push this money to ACA" then DJT could have built 300 more miles of the wall

Just not possible (unless one breaks the law like in the Contra Affair - and people went to Jail) (and ACA taxes made it budget neutral)

https://en.wikipedia.org/wiki/Iran%E2%80%93Contra_affair

https://www.taxpolicycenter.org/briefing-book/what-tax-changes-did-the-affordable-care-act-make

[Donotunderstand]

KBW?

[EternalPatience]

Sandra was Trump's #2 behind Mark. I know you will say, that was inconsequential but basically all I am saying is don't expect anything out of these politicians

[Donotunderstand]

What does that tell us ? If that value includes the discount for RELATIVELY higher interest rates as well?

Country must be going to hell in a handbasket

?

Prices out of reach to those who do not already own?

[Donotunderstand]

FL v NJ and IL

did not even read yet - but I bet not

https://www.businessinsider.com/federal-taxes-federal-services-difference-by-state-2019-1

[Donotunderstand]

have you researched the bottom line on which states pay more to the FEDERAL GOV then they get back and which get back more than they paid ?

my memory is Blue States pay in more and receive less

my memory many Red States pay in less and receive more

is the goal to have every state get back what they put in?

??

will try and learn

[Donotunderstand]

While they likely have their own problems - expected and unexpected - some form of voucher should work

but something in me keeps thinking that was tried a few places and did not work ?

??

[chessmaster315]

Correct. It was Obama-Biden who started the net worth steal to fund Odumba Care at the expense of shareholders, because the GOP would not fund it.
Obama rationalized the net worth steal, suggesting "rich hedge funds" should pay for the poor Obama care.
It was all a lie. Fannie Mae has always been owned mostly by widows for dividends. He stole their pensions, the pensions of police, firemen, Veterans, and anyone else whose pensions invested in Fannie/Freddie, which were many. It was individual shareholders who were hurt the most. Hedge funds with billions of dollars in a diversified portfolio suffered very little. It was the little guy, the widow, the Veteran, the fireman, who lost their pensions to Obama Biden net worth steal.
Banks did not lose, they dumped toxic mortgages on fannie and freddie shareholders, and were bailed out using taxpayer funds. Later, judges awarded fannie shareholders zero, while putting fines on banks for dumping toxic loans on fannie..penalizing them 5cents on the dollar.

[bradford86]

did you see the kbw research report that came out yesterday?

Fifteen years after originally being placed in conservatorship for a “timeout” by the Federal Housing Finance
Agency (FHFA), the status of the Government-Sponsored Enterprises (GSEs) remains unchanged. However,
going into a presidential election year in 2024, we think there could be renewed investor interest in GSE
shares as a change in the White House could result in GSE reform being moved to the front burner. So,
while we maintain our Underperform ratings and our $1 price targets, we think a close Presidential election
is likely to result in a rally in GSE common and preferred shares.

[QueenVic]

The Honorable S T.
Sworn into "False Hood Fiduciary Agency"...💩🕳️


♥️ that 🐔 Pop 👁️‍🗨️👁️‍🗨️ s

[navycmdr]

Sandra still doin' the Fat Chicken Lunch circuit ...

Save the date! Join @BPC_Bipartisan on Oct. 25 for a special conversation with @FHFA Director Sandra L. Thompson to discuss the agency’s anticipated report, FHLBanks at 100: Focusing on the Future. Register now: https://t.co/Y7cK1aWsO5

— Dennis Shea (@DennisCShea_) September 27, 2023

[navycmdr]

The Value of Residential Real Estate Broke a New Record $52 Trillion - the U.S. housing market is 49% higher than before the pandemichttps://t.co/al990baobx

— Cmdr Ron Luhmann (@usnavycmdr) September 27, 2023

[Robert from yahoo bd]

https://www.google.com/amp/s/www.zillow.com/research/total-market-value-2023-33031/amp/

$52T

The Value of Residential Real Estate Broke a New Record $52 Trillion

[navycmdr]

SHORTIES are backin' off ? ... 13.91% & 11.46%



https://otcshortreport.com/company/FNMA

https://otcshortreport.com/company/FMCC

[stockprofitter]

We should be at $3 - $4 or more right now per share

Remember when we were trading in this range prior to the court loss?

[stockprofitter]

We should be at $3 - $4 or more right now per share

Remember when we were trading in this range prior to the court loss?

[stink stack]

Biden is a Dope.

[Robert from yahoo bd]

Were US Taxpayers in Florida paying for NJ and IL residents who got a yuge write off on their Federal Income Taxes, via Form Schedule A, Itemized Deductions for exorbitant local Real Estate Taxes that paid for extensive local government services, prior to the recent tax changes?

[Guido2]

Can't mess with classics. It's 3 Stooges for me. Watt makes a good Larry. My preference is Calabria as Curly Joe and Thompson as Moe. But Calabria as Moe and Sandra as Curly Joe also works. Though I'd rather watch Calabria being boinked on the head by Larry rather than Sandra.

[Robert from yahoo bd]

Incentivize the market (e.g., LIHTC) don't punish investors in affordable housing (e.g., RENT CONTROL).

It's pretty simple really. Just have the local, state, and/or federal government pay for the subsidies they wish to grant to the American People instead of off the budget subsidies paid for by those who own property.

[Donotunderstand]

Should we continue to be able to itemized interest payments on ownership ?

[Donotunderstand]

hey
I do not have many answers
Tell me - what is the incentive in a 100% private market for even one developer to build apartments for less than maximum rent in the best neighborhoods. So it is the same problem - just a different reason.

Too much GOV interference and one gets crazy unexpected outcomes
No GOV interference and the bottom 1/3 are crushed - I mean crushed -- be they small farmers or miners or urban dwellers . Yet we need that 1/3 in our hospitals and restaurants and retail and food service and at airports and ...and ... and round and round we go

[Donotunderstand]

no question much of the job growth is filling back up (indeed a bunch filled back up under DJT)

yet - in one day 2-4 posters will say that Joe is a socialist and destroyed the economy

the reality that there are 1-2 million more jobs today then pre Covid stands that "he destroyed the economy" nonsense as either ignorance or propaganda

and lets remember - pre COVID - how DJT kept publicly begging for the FED to let interest rates drop --- and JOE is facing some FED created high rates

all good re the economy - DJT not too bad for economy even if the income gap grew and Joe has done just fine . We have 2 or 3 or ? decade long problems from the growing income and wealth gap ---- and that is going to be a problem for all of us - D or R if not fixed

[jcromeenes]

True, MTG is a HUGE Stooge but I don't recall her getting involved with the GSEs at any point so she's an outside Stooge with Boebert, Gaetz, etc.

[nagoya1]

Fleet fingered Royce can't find the GSE calculator to calculate the damages. I think he ate it...
FNMA

[navycmdr]

Booooom ! - 50,077 ...100,000 shares - .6430 ..1,577,701

FNMAT _ -.05 _ -2.14% ... 8,045

[Robert from yahoo bd]

Would you give up a 30 year prepayable at anytime Fixed Rate Mortgage of below 4% to put your home on the market and buy a new one at over 7%?

Isn't it better to pay back your Fixed Rate Mortgage with dollars that are worth less each year?

Some of these below 2% 30 year Fixed Rate Mortgages from the pandemic era are sitting on banks assets books at 50%-70% of principal.

[Robert from yahoo bd]

Basic Economics tells us if you want more of something like affordable housing, then don't artificially through a government mandate disincentivize the market by capping rents below market rents.

It's like Nationalizing Private Corporations, the Government gets a short term gain for society but the long term losses are substantially greater.

[Donotunderstand]

he did not
for every dollar that F and F keep --- F and F see the LP grow by one dollar

[Donotunderstand]

?
home prices up and up (only read one sentence)

and no one can afford to buy and no one is in the market

WTF ??

home prices ONLY go up in a hot market and economy ---- and indeed i thought they fell 13% per what I read (which fits with rising interest rates as it comes down to cost to own and operate)

[Donotunderstand]

same issue with - you must rent to all qualified applicants and not discriminate by color or ...

that does not apply to houses with less than X units where the owner lives there

such carve outs - logical and fair to the mom and pop operation (as long as not part of 20 such mom and pop as one company) -- exclude a lot of the smaller stuff

the whole thing goes in circles and I honestly have never given it much thought (other than enjoy all the New Yorkers who read the Obits)

rent controlled buildings (say 100 units) have less value (resale or whatever price) so they are appraised LOWER than if no rent control and higher rents ----- and THAT city gets less tax income - so ? and yada yada and the circle moves on

I did think - (and it is cheated with doormen and ?) that when some one moved out - THAT unit went to market rates ? If that is enforced and works it takes a TON of the sting out of the negative. People pay some normative rent increase - and landlord goes to full market when those people move. ?

I think it is MI or maybe Wisconsin - that has a very interesting program to help seniors stay in their homes as neighborhoods gentrify and prices and taxes move up and up and up (I know my taxes reflect the value of my house of 40 years and sting). For people over the age of 70 I think - their property tax cash payment is frozen. it does not go up. AT same time the appraiser - county - city - continues to put a market tax assessed value on the books. The next owner (regardless of age!!) starts there at that rate. You should not be surprised I favor approaches that continue private markets but "try" to protect the individual from the omnipresent powerful push of 100% pure capitalism (as much to protect capitalism from a revolution as to protect those in need)

[Patswil]

Not enough volume, but there might be rumors

[Robert from yahoo bd]

Someone needs to send Sandra and her Sherrod Brown General Counsel this link:

20-1199 Students for Fair Admissions, Inc. v. President and Fellows of Harvard ...

https://www.supremecourt.gov/opinions/22pdf/20-1199_hgdj.pdf

It sounds like it's a race based federal government subsidy? If so, it would have to withstand the "Strict Scrutiny" Constitutionality Test.

Whose bankrolling this program that discriminates against people based on something as superficial as belonging to a particular race?

[Louie_Louie]

How many times you going to deny?
Jobs = COVID scared going back
Definition of inflation is too much money chasing too few goods. Too much FREE money given to chase manufacturers under the gun to produce from high rates and high energy costs.
People are trying to buy food! Food has one of the highest inflation measures of all and is a necessity.

Are you dreaming that folks are chasing EV's and solar panels with their free money?

There's going to be mass layoffs soon, especially in automotive (I'm in Michigan). Biden backing the union wage dream package while simultaneously stabbing them in the back and two timing the Michigan based automotive mfr's over EV and these contracts will definitely put them on a road to bankruptcy. Every person they end up laying off will affect about 3-4 in the tier 1, 2 & 3 supplier base plus another 2 who work retail, restaurants, etc.

I'll be throwing this post back at ya, after the next election, because when and if a republican gets in, you'll immediately say these layoffs are their fault, but this will be a reminder of yours.

Biden has been a nightmare. He lies and makes false promises for votes. Proven with the student loan garbage

[Donotunderstand]

MTG

[955]

Paulson, Geithner, Lew, Yellen, Obama, Bush, Schumer, Demarco, Parrott, Stegman, Ugoletti, Corker, Warner, Stevens, Brown, Buffett, Gasparino. But Waters was queen as head of Senate Banking Committee.

AGENCIES
FHFA, Treasury, Moody's, S&P, Fitch, Deloitte & Touche