Fannie Mae-No Politics (FNMA)

[krab]

Even Better, do NOT sell !!!

[RickNagra]

Oh wow. Sherwin Williams strikes again end of day one second before the closing bell. Right on cue.

[EternalPatience]

The world definitely has space for 2 idiots. So coexistence is a possibility.

[akennedy_stocks]

IGNORED!

[TightCoil]

RAISE THE ASK - RAISE THE ASK - RAISE THE ASK -

[TightCoil]

FNMA/FMCC

Go, Belugas, Go

[Dano02VFR]

Oh wow.

[JOoa0ky]

I believe most recently Bradturd is saying below a dollar but I say 5 cents firmly. Is there a reason that we can't have differing opinions?

[RickNagra]

Calling all whales.

[EternalPatience]

They know so well to walk it up and down 10% every week.. If you know how to play along with them, you could have recovered your losses here...Bastards

[RickNagra]

Oh wow. Is something going on ? News ? Big volume jump in the last thirty minutes. Oh wait a minute. It’s probably my whale horn kicking in. Never mind.

[Patswil]

$1.43 now

[Stern is Bald]

Yeah you need to sell now i dont know how you live with this unsubstantiated paranoia…

[Red Cloud]

Burn Shortie Burn...!!!

https://www.cnn.com/2024/07/26/investing/andrew-left-citron-fraud-charge/index.html

[trunkmonk]

at least he is right once and a while, cant say the same for the rest of his buds.🤣🤡

[RickNagra]

Does anyone know what green looks like ? I can’t remember anymore.

[The Man With No Name]

He's an optimist.

[akennedy_stocks]

How about F'n IGNORED!

[Sammy boy]

$1.70 by Friday, still got time. Someone is loading up, rocket ships, launch pads, multiple id’s, we have the players to remake One Flu Over the Cuckoos Nest !

[DaJester]

Sounds like you need to short this stock with that amount of confidence.

[jcromeenes]

I'll believe you. It's just one of those things you like to see on your own. I simply stated I had not seen it. Wasn't denying it happened.

[RickNagra]

Okay fess up which one of you jokers just placed a premarket trade for 1 share ?

[RickNagra]

LOL Bradturd said 10 cents for the commons. Make up your mind is it 5 cents or 10 cents ?

[Golfbum22]

Did anyone other then
Us hear the Millstein interview?

Will we get a pop today?

Can someone tweet/x trump to see if it gets a reaction or confirmation?

Maybe sherwin and his band mates on Wall Street take off early for the weekend and we get a late pop.

Go FnF

[EternalPatience]

Nope I don't remember

Was that when Freddie decided to find his multifamily purchase in NYC? I remember Freddie did the loan for his NYC new property between 17-20 term

[Wise Man]

But...but...but...Fairholme said there might be a Separate Account plan. Source.
$Booooom

Commons going straight down to 5 cents as soon as restructuring plans are announced.

[JOoa0ky]

Commons going straight down to 5 cents as soon as restructuring plans are announced.

Hopefully, Barron & Co (Rodney, Dajester, and who's that other arm chair lawyer) have enough funds to get the lawsuit rolling for you guys.

[Guido2]

Next they’ll claim @USTreasury didn’t spend funds swindled from @FannieMae & @FreddieMac on Obama Care!

If US isn’t a 🍌REPUBLIC…

RETURN THE SWINDLED FUNDS!
FREE FANNIE!
FREE FREDDIE! https://t.co/MaygPDyoFn

— Guido da Costa Pereira (@GuidoPerei) July 26, 2024

[Wise Man]

Fairholme asked about the existence of the Separate Account plan.
In a question addressed to the Treasury Department, seeking documents that gave response to the question RFP 12:

Whether Treasury dividends were to advance taxpayers interests and/or prioritize Treasury's financial interest.

In other words, whether the dividend payments were in reality assessments sent to UST applied towards the reduction of the SPS, and/or just dividends as we were told.


Obviously, Fairholme's Berkowitz knew that the reduction of SPS is an exception to the Restriction on Capital Distributions (U.S. Code 4614(e)) that he has covered up in court, like all other plaintiffs. This is why he asked about it, in order to legalize the capital distribution (dividend) that went through, despite the restriction, thanks to the FHFA-C's Incidental Power "any action authorized by this section,..."

But in August 2021, his attorney, the controversial David Thompson, withdrew this motion.


The Capital Rule had an effective date February 2021 and, although in the same Capital Rule it's stated that it must be kept secret till January 2022, the companies gave us a broad number of capital requirement with their first quarter 2021 earnings reports.

Not only Fairholme's Berkowitz realized that, even under the Separate Account plan, Fannie Mae won't resume the dividend payments until the end of 2022, and it's when the JPS's fair value fetches its par value (JPS's fair value chart), but also, presumably, he was told by the FHFA that we are going to overtime in the conservatorship, seeking "Membership cleansing", and it would take at least one year more for the public announcement of a Separate Account all along.
Taking into account that the JPS, without a dividend, trade at a discount to par value (estimated at 6% discount rate: a fixed-income security without a "coupon" payment), this was devastating for him.
Then, they agreed to keep the Separate Account plan secret until the end, and, in exchange, not only the FHFA will help the JPS holders to try to get back dividends colluding in the Lamberth court with the fiction of "implied contract" claim (the damage of a one-day share price drop, plus interests), but also they will go full con mode and try the "Equity restructuring" slogan, because it'd be easy to draw the DOJ into their cause, avoiding a backlash with the Separate Account plan.

Judge Lamberth is here to help, and he has already stated that the plaintiffs were certain to receive dividends while FnF remain undercapitalized, disregarding the Restriction on Capital Distribution.

No genuine dispute remains on the fact of harm on the theory of plaintiffs were denied dividends that they otherwise were reasonably certain to receive.

[Wise Man]

The Table 8 (Payout ratio) of the Capital Rule has been used for the assertion that the dividend rate on the cumulative SPS has yet to be assessed (commented here), despite that the SPS corresponding to the draws from the UST ($191B) were fully repaid in December 2014 (Freddie Mac one year earlier).
Payout ratio, refers to the amount of Earnings distributed to the Equity holders as dividend (Changes in Equity operation), which includes the Treasury Department as holder of SPS.
A capital distribution restricted.

The slogan "dividend obligation" by Justice Alito, plaintiffs, FHFA and the former Fannie Mae CEO (screenshots) thinking of interest payments, doesn't exist in this world: to begin with, you need surplus Retained Earnings account beforehand, in order to proceed with the disbursement. Then, there is a restriction on capital distributions by law when FnF are undercapitalized, which is meant for the recapitalizaton. Finally, the Table 8 that depends on Capital Buffers.

Certainly, the overtime in the Conservatorship in order to satisfy the FHFA's desire of "Membership cleansing" (best interests provision) beginning with the JPS holders in any event, and, maybe, the existing common shareholders, FHLB-style in a 2016 Final Rule that got rid of the unwanted "captive insurers" ("5 years to wind down their affairs with them"), has affected the UST with a delay in the payment of the cumulative dividend that no longer accrues. But, because it also owes interests to FnF on the $152B due, it's hedged for this overtime, as it's been determined that both amounts will be netted out.

[RickNagra]

FNMAS should be around 10 cents. Pure crap. Belongs in the crapper.

— Rick Nagra (@RickNagra) July 26, 2024

[RickNagra]

He did speak verbally. I guarantee it.

[RickNagra]

There was a third time which most people do not remember. He was giving a talk in front of a large group. He started talking about the GSEs. The video clip was posted here. I remember watching the clip. He said something like “Fannie and Freddie are great companies but they can do better” implying that the stock price does not reflect their potential. Does anyone else remember ?

[jcromeenes]

I saw the letter. I never saw him speak of them verbally.

[TightCoil]

FNMA/FMCC
I'm keeping my high-altitude gear on all day tomorrow...
Houston Command says we're clear to Launch,
so I'll be ready.

[EternalPatience]

You should buy Sherwin Williams stock. You would have been a millionaire by now

[EternalPatience]

No Obama? No Corker? No warner? No and so on....

[EternalPatience]

You don't count the once in 2017 letter ordering his team to work on release and once in 2021 letter saying he would have released, as two times in 8 years? Twice in 8 years the R word is a big deal...

[jcromeenes]

You mean Trump? I have not heard him utter a word about the GSEs.

[EternalPatience]

Wait until you confirmedly hear from the horses mouth

[jcromeenes]

Wow. First time I've ever wanted to vote Trump.

[RickNagra]

Oh wow.

[KenKong]

Boom!

[Sammy boy]

Until a Bush, Cheney, Paulson, Clinton, Corker or Pelosi buy this is a Dead Hand!

[jog49]

Unfortunately, it's all talk until it happens. We can't do it and neither can Millstein. Trump, if elected, can force action to be taken to end the fiasco but I'm not fully convinced F&F are on his mind or a constantly echoed topic by his aides and confidants.
I'm getting older, as are many of you, and this shit needs to end. I bought these stocks for dividends. Since they have become grossly profitable, 2013 to present, the denial of dividends has cost me, literally, millions of dollars.

[akennedy_stocks]

Mmmmoooootttteeeedddd!

[blownaccount9]

He must have a position to dump. I’ve seen him out there shilling for Fannie and Freddie on every show about markets in the last couple weeks.

[Dano02VFR]

Oh wow.

[RickNagra]

[RickNagra]

Oh wow. Great video. Price should have gone up today based on this interview with Millstein. Instead Sherwin ruined it end of day.