Fannie Mae-No Politics (FNMA)

[TightCoil]

Language like that isn't very lady-like

[MRJ25]

CON-ship started under Bush/Paulson government.

[krab]

The fu..king coward & criminals CEO, CFO and Board ff Directors of both FnF should have said the same. Instead they sold out the out the shareholders to Obama GOV.

[MRJ25]

If the NWS had not happened the GSE's would be out of CON-ship a long time ago.

[MRJ25]

Yes, and that statement was before the NWS.

[ron_66271]

Jamie Diamond lost. And Owes F&F.

And Lehman’s, WaMu(WMI/WMB), and a few others.

The basic numbers;
According to Treasury back in 2008, the residential mortgage market was $13 Trillion. This number doesn’t include commercial mortgages.

From the DB Globic litigation (DB is the Trustee for WMB securitized offering including the WMB Notes) it was determined that the RMBS losses to be 11.9%.
The RMBS like the CMBS are insured by Derivative Contracts largely written by the TBTF Banks.
JPM wrote ~57% of the contracts.

The Regulators have our money in lockdown to pretend to pay fictitious claims and not release the accumulation of money in the Trust.

Example;
RMBS/CMBS(Certs) Trustees are required to keep the Trusts insured by the Prospectus.
The standard structure of the Offerings is to make three payments a year, two interest and one Performance.
The Performance Payment is still accumulating, but not the interest payment.
Perpetual, Non-accumulating!

The Offerer of the Certs both invested in the offerings, but over capitalized them.


The WMB Notes;
$26 Billion securitized for $13 Billion in Notes.
WMI Preferred Funding was also covered by a factor of two.


TBTF needs money to cover the Derivative losses of 2008.

I have posted it before, TBTF owes F&F $60 Billion just for the Derivatives.



Ron

[TightCoil]

Keep your fingers on the Buy button,
Breaking News is In The Making as
I type

[Golfbum22]

It wasn’t a deal

It was the greatest theft in history to save the banksters who were all going bk with fraudulent loans

And it was done by a bankster who was the treasury head at the time

Talk about an inside job

No bankster should ever be allowed to be treasury head again

[RickNagra]

I believe the CEO of Boeing also said the samething a few years ago.

[Vancmike]

Someone remember the quote from Jamie Diamond? Something like, I rather let it burn down than take that deal. referring to the conservatorship.

[TightCoil]

I see $7 by Friday - Minimum

[jwood9207]

Thank you. Extremely well done. I have copied and saved for future use.

[Wingsjr]

I got to get me one of those. 🤣🤣🤣

[RickNagra]

I want to visit the moon.

[GVInvestments]

The first 3 are my favorite qoutes all by judges.

[TightCoil]

Let's Get Some High-Altitude Gear
and
Get Ready to Fly Tomorrow

[sekander]

So, enlighten us, O mystic one.
So far, I'm not impressed.

[nagoya1]

It sounds like you have no clue about what Pulte is doing about the GSEs,
Fnma

[Clark6290]

Way to call out that POS. Pulte may just be another smoke and mirrors DC turd as well.

What Ackman did for Hertz pps, we need here 🤠

[Vancmike]

Please post on X. No permission needed as these are from public information sources.

[fdicr]

Relisting may only happen a day or two ... a few days before conservatorship ends to prepare investors to invest in FNMA and FMCC.

[sekander]

Everything Pulte has done is for FHFA. While that may indirectly affect FNMA,
then again, it may not. As far as I'm concerned, its all just talk so far.
The share price reflects it.

[jog49]

Yet nobody, in or out of government, has seen fit to do a thing about the situation and thus, it lingers, going on 17 years. Fannie Mae and Freddie Mac were, traditionally, dividend stocks. Shareholders have died during the wait, with their rights stripped away and absolutely no income from their stock shares.
And where was the SEC in all of this?

[jog49]

"If Pulte is finding fraudulent activity will he seek prosecution? Is anyone ever jailed? Seems like a lot of talk."

Based on what I see so far . . . . NO . . . . . . NO . . . . .A BLOWHARD WITH A LOT OF HOT AIR.

[jog49]

"Ok, I asked the Magic 8 Ball if we get re-listed on Monday? "

I bought a Billy Bass at Ollie's Outlet, asked the same question, and he laughed at me!

[jog49]

The only meeting Pulte ought to be having with the SEC is to find out why the SEC did not protect the shareholders from unscrupulous acts by previous administrations committed since 2008. That is, after all, the mission of the SEC.

[amelia43]

Thanks for sharing your analysis.

It is a great post and very realistic!

So by mid 2027 maybe a release?

[dw99]

Please post to Pulte on X...or I would be glad to re-post with your permission.

[bradford86]

according to ackman that is not true; and frankly i think i trust him on this one:
https://assets.pershingsquareholdings.com/2025/01/16112701/Fannie-Mae-Freddie-Mac-01-16-2025-Presentation.pdf

page 92
Fannie and Freddie meet all the NYSE listing requirements today and could re-list on the NYSE before exiting conservatorship, subject to
approval by FHFA

[Vancmike]

I have posted these quotes in the past years. Just thinking someone may have others to add:

1) Federal Judge Margaret Sweeney called this a “mafia style loan”.

2) Federal Judge Edith Hollan Jones said, “The treasury has been compensated like a Pay Day Lender”.

3) Federal Judge Janice Rogers Brown, wrote, “This was an act of a banana republic.”

4) Former FHFA Director Mel Watt; “The law was trumped before I got there”

5) Former US Congressman Mike Capuano; “The shareholders of FMNA & FMCC have been screwed for years unnecessarily. They have paid back three times over”.

6) Former FHFA director Mark Calabria, who drafted HERA quote, “Ed DeMarco should be standing in front of a judge.” In regards to the Net Worth Sweep, for subverting HERA and the law.

7) Supreme Court Justice Sotomayor - "For no rational reason, FHFA sold all of Fannie and Freddie's assets, in exchange for $1.00, to itself. It did exactly what Justice Breyer said, it nationalized things. It nationalized the companies."

8) Supreme Court Justice Breyer’s comment “This is a takings case.” “They say, nationalization is not the kind of thing conservators and receivers do and, therefore, you can examine it. And when you examine it, you will see how unreasonable it is.”

9) From the attached letter by former President Trump to Senator Rand Paul, “The idea that the government can steal money from its citizens is socialism and is a travesty brought to you by the Obama/Biden administration”.

10) “The court will not condone the misuse of a protective order as a shield to insulate public officials from criticism in the way they execute their public duties.” ORDER GRANTING MOTION TO DE-DESIGNATE SEVEN DOCUMENTS; Judge Margaret M. Sweeney, April 13, 2016.

11) On January 23, 2025, Mark Calabria, former Director of the Federal Housing Finance Agency (FHFA), stated on X (formerly Twitter), "One of the more disappointing aspects of Fannie/Freddie conservatorships is the degree to which so many DC insiders believe agencies outright ignoring the law is a completely normal and fine outcome."

[wdereb79]

I wonder why they need capital for a capital raise after 16 years of the government “looking after them.”

[nagoya1]

Can you provide anything relevent to the GSEs that ST did before Pulte replaced her rubber chicken luncheon loving azz besides gifting 1B a year while our market cap was less than that…
Pulte has done tons…
I ‘ll wait for your answer…it’ll take longer than Catman actually doing something except cat pics.
Fnma

[Donotunderstand]

Pulte acts like fraud is new and deserves five posts a day

WHY

Seriously - why so much focus on fraud and so much posting

1. It takes one to know one?
2. It is easier than dealing with the bigger issues of improving the housing market (whatever that really means)
3. It is easier than digging in - understanding the THEFT - TAKING of our company and fixing it
4. Maybe it is to our advantage ? Maybe PULTE talks Fraud and Fraud and Fraud (the rallying cry of DJT people) so that he can then FREE F and F ? Seriously ---- yell fraud over and over and THEN PRESENT F AND F FREEDOM AS THE ANSWER TO THE FRAUD - AS WHEN FREE THEY WILL FIGHT BETTER

I hope it is number 4 --- the setting up of a new logic to FREE F and F --- but I do fear it is #1

[Rodney5]

FrostyEmpire44 Quote: “The only other option is an IPO style relisting where the GSEs get capital by adding additional common stock.” End of Quote

First off it would not be an IPO the companies already exist. Second, no reason for a capital raise, absolutely no reason for a Re-IPO.

Fannie Mae and Freddie Mac, the minimum leverage capital requirement is to maintain tier 1 capital equal to at least 2.5% of adjusted total assets (minimum), and adjusted total capital equal to at least 4.5%, 6.0%, and 8.0% respectively, of risk-weighted assets. From Form 10K

First Tier 1 - Second risk-weighted assets

Tier 1 CAPITAL REQUIREMENT

Fannie short $12.9 billion
Freddie short $23 billion

Fannie, Total Assets $4.3 trillion, Total equity $94.6 billion Form 10k page 68

$4.3 trillion x 2.5% = $107.5 billion capital requirement, $107.5 billion minus $94.6 billion = $12.9 billion shortfall.

Freddie, Total Assets $3.3 trillion, Total equity $59.5 billion Form 10k page 133

$3.3 trillion x 2.5% = $82.5 billion capital requirement, $82.5 billion minus $59.5 billion = $23 billion shortfall.

With Treasury returning the stolen money to the companies both companies are capitalized. IF the Treasury chooses to continue on the path its on stealing from the Shareholders the 2.5% minimum leverage capital required with the companies $30 billion plus net income per year Fannie Mae will meet the number in less than one year and Freddie Mac less than two.

With the amount of earnings power of the businesses management can easily turn to the open market for less expensive capital to fund the risk-weighted assets. (line of credit).

Under these conditions absolutely NO REASON for a capital raise by a re-IPO. NO REASON for a government explicit guarantee. The companies are private entities explicit actions would necessarily turn the GSEs back into agencies of the executive branch as they were originally created.

First, Treasury and FHFA must agree to cancel the net worth sweep (NWS increase dollar for dollar on retained earnings) eliminate Treasury’s liquidation preference, and cancellation of the Senior Preferred. Fannie and Freddie already have repaid their senior preferred stock, to make the companies’ repay their indebtedness to Treasury twice would be fraudulent.

The JPS are non-cumulative, no reason for management to allot any money on behalf to the shareholders at this point in time to exit conservatorship and re-list on the NYSE. When management determines to reinstate dividend payments the companies can choose to sell into the open market new issues of cumulative preferred stock at a lower payout amount replacing the higher yield on the existing JPS and shareholders of the then old issue receive par.

Link below courtesy of Kt…

4.5%, 6.0%, and 8.0% respectively, of risk-weighted assets.

kthomp19
Re: Rodney5 post# 823266
Tuesday, 03/25/2025 11:15:22 PM
Check p. 129 of the pdf in Fannie Mae's 2024 10-K form to see its risk-weighted assets of $1.364T.

Check p. 217 of the pdf in Freddie Mac's 2024 10-K form to see its risk-weighted assets of $1.118T.

Those pages will also show you how far away FnF are from their regulatory capital requirements.

I would highly recommend bookmarking these documents. They contain a wealth of relevant information.

[sekander]

Eric Holder, Obama's AG did nothing. Didn't prosecute a single banker.
Big talker. So far, Pulte is just another big talker. Let's see some action.
The shell game continues.

[Rodney5]

If Pulte is finding fraudulent activity will he seek prosecution? Is anyone ever jailed? Seems like a lot of talk.

I do not remember a single person being prosecuted over the 2008 market crash. It was theft and until bankers and politicians are sent to prison for this theft it will continue.

[Guido2]

HYPOCRISY!

Lawyers representing @MarkCalabria fought in courts to uphold @POTUS44 's Net Worth Swindle of Fannie Mae & Freddie Mac equity.

Is @pulte really so dumb that he doesn't know that lawyers representing him are doing the same?

FREE FANNIE!
FREE FREDDIE!

— Guido da Costa Pereira (@GuidoPerei) April 20, 2025

[Guido2]

Happy Easter!

Did you know that every single Wall Street bank and investment house was charged by the Justice Department for selling fraudulent mortgage securities to Fannie Mae and Freddie Mac leading up to the 2008 Financial Crisis? That's a federal felony.

— Bryndon Fisher (@bryndonfisher) April 19, 2025

[JOoa0ky]

Yo Pilgrum, listen up. Believe it or not, Ackman's track record here is the same as Bradford.

[Wingsjr]

I was just helping some of us to unplug and enjoy the Easter weekend. Magic 8 Ball? Personally I think they will be relisted before CShip ends, but just before. Not Monday.

[TightCoil]

Fannie Mae - All the Way
We have nothing to lose but our chains - Fight Back

[RickNagra]

Yo Pilgrum.  Listen on up Ackman said it is easy to up-list to the NYSE while in conservatorship.  I reckon he would know.  Ackman already talked to the NYSE them fine folks over there.  So let's up-list give it a shot.  Let's put it on the porch and see if the cat licks it up Pilgrim.  Cowboy WhaleBalls.

[navycmdr]

Pulte on X ...

[navycmdr]

CFPB is 90% toasted by DOGE

🚨ELON: The reason we are seeing this extreme amount of hatred and violence is because we are actually succeeding in getting rid of corruption and waste. If we weren't succeeding in getting rid of corruption and waste they wouldn't care. Without Trump, this would be impossible. pic.twitter.com/RbfWtAnLm7

— TRUMP ARMY (@TRUMP_ARMY_) April 19, 2025

[fdicr]

FNMA FMCC will not be re-listed as long as they are under conservatorship. Where is the profit going as we speak under conservatorship? FNMA with 17 billions NET PROFIT what is its EPS? 0.0005 not even a penny under conservatorship. So it is nothing but a big dream to have FNMA listed while under conservatorship. FYI i am not a basher I love FNMA.

[amelia43]

Wow! Judge Sweeney that is a blast from the past!

[Patswil]

I asked GROK earlier, but there is insufficient data for an accurate response

[Wingsjr]

Ok, I asked the Magic 8 Ball if we get re-listed on Monday? It said Out Look Good. So have a great rest of your weekend and Happy Easter. 🤑🚀

[Golfbum22]

when is this SEC meeting?

link please

Is new SEC director sworn in by Potus yet?

I know he passed the vote but needs to be sworn in, been busy and not sure if done yet?

TIA all

[bradford86]

hence i own jps (john paulson stock) (junior preferred stock) (who is trump's friend)