Fannie Mae-No Politics (FNMA)

[stink stack]

LOL, yea ok!

[CatBirdSeat]

You might be shocked, and maybe commit suicide after you see what might be about to happen.

Federal reserve closed
Bond markets closed

All Monday.

If your going to make big changes for the GSEs you certainly do not want MBS trading to be going on. You have to reassure the markets that everything is going to be alright.

Something BIG maybe be happening...

[contrarian bull]

Sold 1\3 of my holdings @3.00 this morning.

Uh oh - when the market gets wind of stink selling the stocks are sure to plummet.

[stink stack]

Sold 1\3 of my holdings @3.00 this morning. Glta :)

[Red Captain]

Alrighty then.

I guess I will take a quick small profit then.

[navycmdr]

no news expected today that I'm aware of ...

[Red Captain]

Thanks for this.

Quick question: Is there any news supposed to come out today?

[Patswil]

$11Bill Earnings/1.16 bill shares X 17 P/E= $161.00 +16=$176.00

$44/share….perhaps after a 4/1 forward split–warrants are invalid= the biggest variable is what the P/E should be

so treble damages—-=$528/pps…that’s with P/E of 17===could be higher–A LOT===think like TRUMP—not only do we have TBTF
screwing us–now it’s confirmed that accounting Fraud screwed us too–Un-F*****ng believable–Deloite will probably go the way of Price Waterhouse–IMPLOSION

How long have I been saying this? We should this level of PPS upon Release--with full restore and recap

getting closer by the day

[CatBirdSeat]

$94.31 conversion...

[CatBirdSeat]

Anything under $96.31 is a bargain in light of FNMFO conversion price.

[Stern is Bald]

5-10x on the commons right off the bat or after a full recap?

Thanks!!

[navycmdr]

FNMA Support and Resistance



FMCC Support and Resistance

[whipstick]

We're the UST - we get to take 80% of your company based on now proven lies and obfuscation. Would you like to invest in our country? No? Why not?

[navycmdr]

FNMFO Value of conversion option

For a full $100,000 to be realized via conversion,
common shares would have to be worth $94.31 per share.
Considering Fannie Mae common shares currently trade at $2.96,
this conversion option would be considered busted under most definitions.

But there is the possibility that this conversion option could prove valuable.
In Bill Ackman's presentation on valuing Fannie Mae shares,
he estimated a post net worth sweep valuation of $23 to $47 per share.

However, Ackman still assumes the Treasury is able to exercise
its warrants for 79.9% of the common stock.

[CatBirdSeat]

FNMFO up listed from Grey market to OTCQB.

https://www.otcmarkets.com/stock/FNMFO/quote

It states it's a conversion security. FNMFO has to go above $94.31 to convert.

https://seekingalpha.com/article/3492166-fannie-maes-100000-liquidation-preferred-comes-possible-common-stock-upside

[navycmdr]

How large and how soon will the GSEs bottom line feel the impact ?

will the mkt anticipate and OVER REACT (as it usually does ? )

HUD - GSEs have authorized a 90 moratorium on Foreclosures
for Homes in areas eligible FEMA Disaster Relief also
mortgage services may temp suspend 90 days - mortgage payments

***************************************************************

Fannie Mae is suspending evictions and foreclosure sales for 90 days
for borrowers with properties that are eligible for FEMA assistance.

Additionally, mortgage servicers may temporarily suspend a homeowner’s mortgage payments for up to 90 days, under Fannie Mae’s disaster relief guidelines.

https://www.consumer-action.org/alerts/articles/disaster_assistance_for_victims_of_hurricane_harvey

[Clark6290]

Have to wait until first week of FEB 18 (4th Quarter). No real impact anticipated in next quarterly announcement (3rd Quarter) reported first week of NOV 17.

Guess we have another 75 day carrot to dangle, let us all get excited.

[Letgoofmyfannie]

Net Worth Sweep Won’t Stop a-Takin’: #Fanniegate Blues No 9

Net worth sweep won’t stop a-takin’
Net worth sweep won’t stop a-takin
Net worth sweep won’t stop a-takin’
US Treasury is stealin’ from me.

Biggest Fraud ever in the nation
Biggest Fraud ever in the nation
Biggest Fraud ever in the nation
Largest theft in financial history.

Contact your elected representatives
Contact your elected representatives
Contact your elected representatives
Ask ‘em for a meetin’ tell ‘em what you see…

Net worth sweep won’t stop a-takin’
Net worth sweep won’t stop a-takin
Net worth sweep won’t stop a-takin’
US Treasury is stealin’ from me.

[navycmdr]

1st impacts of Hurricanes just being announced in JOBs report

-33,000 non-farm payrolls for Sept
1st time we've had a negative JOBS report since 2010

my take - will have a general downward pressure on mkt today

the BIG question needed to be asked is:

WHAT IMPACT will this have on the next QTR REVENUEs for GSEs ???

[QueenVic]

Crooks, thieves, and robbers...Oh my!

http://www.esquire.com/news-politics/politics/a12787808/jp-morgan-mortgage-scam/

[QueenVic]

http://www.ukiahdailyjournal.com/lifestyle/20171006/hows-the-market-time-to-buy-thanks-to-a-loosening-of-loan-restrictions

[bradford86]

"affects the appointment of Conservator as conservator of Seller or otherwise curtails Conservator’s powers as such conservator"

1. a net worth sweep ruling does not affect the appointment of conservator as conservator of seller

2. a ruling won't curtail the conservator's powers as conservator, but will simply say that it is their duty to conserve assets as conservator, aka follow the law, don't ignore it.

good luck to you, but you're wrong.

ps. this isn't going to end in court, watt will implement a capital buffer by end of year, and then early next year a plan like moelis will get implemented, it will be a few years till recapitalized

ackman says 5-10x here on the commons, which is more than i was/am expecting, but i mean, power on!

[justradin]

You really should create a new user name after that last response.

To begin, you are not being honest in regards to what Mr. Howard has been privy to.

He has been hired as a consultant by plaintiffs. You don't know what he has been privy to.


And sure board members should give credence to an anonymous poster playing a lawyer on a message board over Mr. Howard's miniscule understanding of the enterprises...

"Timothy Howard was a senior executive at Fannie Mae for 23 years. After beginning his career there as chief economist in 1982, he quickly became involved with financial matters. He was given responsibility for managing Fannie Mae’s largest business—its portfolio of purchased mortgages—in 1987, and in 1990 became the company’s chief financial officer. He added the duties of chief risk officer in 2000, and was named vice chairman of the board in 2003. When Howard left Fannie Mae at the end of 2004, it was safely and profitably financing more than one in every four home loans in the U.S."

The lols that this deserves would use excessive bandwidth, so I've created a new abbreviation in your honor... Lol Infinity, lol8.

Congratulations!

[tutt1126]

To be honest, I never spent times to read it. And what I said was just my opinion.

[Clark6290]

Okay. I am still waiting for the big news early August, the 75 day gimmick. Perhaps that will be tomorrow following the fake court victory.

[tutt1126]

I only assume or let 's pretending that on future we win on any court cases. They will repeal .

[CatBirdSeat]

IF WE WIN IN COURT..., C-SHIP IS NULL & VOID!

We Open $22 Minimum.

Conservatorship Can Be Null And Void Upon A Ruling

http://www.fhfa.gov/Conservatorship/Documents/Senior-Preferred-Stock-Agree/2008-9-26_SPSPA_FannieMae_RestatedAgreement_N508.pdf …

6.7. Effect of Order; Injunction; Decree. If any order, injunction or decree is issued by any court of competent jurisdiction that vacates, modifies, amends, conditions, enjoins, stays or otherwise affects the appointment of Conservator as conservator of Seller or otherwise curtails Conservator’s powers as such conservator (except in each case any order converting the conservatorship to a receivership under Section 1367(a) of the FHE Act), Purchaser may by written notice to Conservator and Seller declare this Agreement null and void, whereupon all transfers hereunder (including the issuance of the Senior Preferred Stock and the Warrant and any funding of the Commitment) shall be rescinded and unwound and all obligations of the parties (other than to effectuate such rescission and unwind) shall immediately and automatically terminate.”

This is Trump's Nuclear Button On ObamaCare.

[cfljmljfl]

What court case are you referring ?

[tutt1126]

If we win in court tomorrow, they will repeal.

[tennis3131]

"duplicitous manipulator of the truth" James Wood, you made my day with that spot on comment on Obama. THE most crooked President of the U.S. of all time.

[tutt1126]

They do nothing. We do nothing, ,only buy. Buy. Play their games we will win.

[CatBirdSeat]

Actor James Woods Supports GSE Shareholders & Shames Obama For Largest Theft In World History

https://twitter.com/jemiller12/status/916125760007655425

Because he is a duplicitous manipulator of the truth. https://t.co/1rjrjdgPt9

— James Woods (@RealJamesWoods) October 5, 2017

[pablocruize]

Fridays can pretty ho-hum without news one way or another. Bounce around and close at the same PPS as today?

[tutt1126]

10000 shares = 0
Even thought zero is nothing. It still has it's value of 0.
10000 shares are still 10000 of shares. Nobody can touch your 10000of shares.

[Jason-H]

It looks good from chart.

[whipstick]

making conclusions based on facts not in evidence

literally makes no sense.

and my post was somewhat of a joke.

much like yours, I hope.

[tutt1126]

Imagine if you could buy a share of 0.005xx with your money of $10000.00.
So $10000 ÷ 0.005 = 2000000.
You simple own 2million share.
2million shares time $3 = you will earn 6 million dollars.
Just think!

[tutt1126]

Let it drop to less than 0.10 before they bring it back up.

[tutt1126]

65%, I am afraid that they will use a scare tactics by simply letting it drops to less than 0.10 pps. In this case they can eliminate all shareholders.

[tutt1126]

10 or 5 or 3 billions, I only use it as an example.

[rekcusdo]

Thats a fair statement.

I dont really read his stuff that much because it has no effect on my investment choices. Im holding no matter what.

But I could have misunderstood his purpose for posting about testimony he hadnt seen.

[navycmdr]

I try to get as much info as possible before comitting $$$$

it's not perfect ... but making informed bets is FAR preferable

I'm fortunate to have lots of time to do the DD

the GSEs being Volatile lend themselves to being VERY TRADABLE

[matmlg]

Do you do that with all stocks navy?

[navycmdr]

FNMA / FMCC both Candlestick patterns ...

need to see how it plays out tomorrow



Bearish Evening Star

Pattern: Reversal
Trend: Bearish
Reliability: High

How to Identify it

First day is a long white day
Second day is a small day that gaps in the direction of the previous trend
The third day is a black day
What it Means

In an uptrend, the market builds strength on a long white day and gaps open on the second day. However, the second day trades within a small range and closes at or near its open. This scenario generally shows an erosion of confidence in the current trend. Confirmation of the trend reversal is the black third day.

[matmlg]

Where are you seeing 10 billion a quarter?

[tutt1126]

With more than 10 billions earned in profit each Q. If Fnma drops back to $.25 again, than I will buy more and hold until 2028.

[BaGr]

https://www.google.com/url?sa=t&source=web&rct=j&url=%23&ved=0ahUKEwib8oLDz9rWAhUL5yYKHcShA30Qxa8BCCUwAA&usg=AOvVaw0VTJzWxrN8ZFOD4xbU2nov

[tutt1126]

Very impressive

[bcde]

justradin,

Thanks for your contributions with your views.

I think, we do need to respect the reasonable opinions that question the credibilty of any news, facts, or expert opinions. At the same time the comments like yours also required.

Experts can not be expected to know everything and keep track of all the facts and news. So called Experts also have their own personal conflict of interests, biases and many have their own egos and eccentricities. Same is true with TH.

TH is good in financial analysis and Fannie Mae financial facts but relies only on published facts. TH lacks expertise in other fields like law and forensic accounting. I also found him to be more PC oriented.

Rek is not prefect but helps us to understand many legal issues. He takes time to respond back. So if rek questions something it should be ok as part our exchange of views.

[Letgoofmyfannie]

GSE Bummertime

GSE Bummertime Blues

Eight years ago Congress took over Fan and Freddie
By HERA Law control was gonna be temporary
Treasury's Third Amendment Sweep sounds like a Joke:
"You'll never pay us back 'cuz you'll always be broke"
A shrinking Middle Class sez Congress whatcha gonna do?
'Cause there ain't no end to the Fanniegate Blues

They've released Depositions, it's getting pretty messy
FHFA was controlled by Treasury
Well...Treasury manipulated Shares on the open market
"To keep Investors from making a Profit"
RICO is the Statute the Feds oughta use,
Except the Feds are the Cause of the Fanniegate Blues

I'm going on Social Media, I'm gonna file a Lawsuit
About Congress stealing' GSE Profits
I trolled Bobby Corker, Senator tweeted *quote*
"I won't help Shareholders and I recommend you go Short"
Our next Housing Crisis will be caused by Government stooges
And there ain't no end to the Fanniegate Blues...