Fannie Mae-No Politics (FNMA)

[Wise Man]

BOOM. New evidence against Timothy Howard never commented before.


Remember that he is required to pay us Punitive Damages, for going to the Supreme Court as Amicus Curiae, to repeat a dozen times that "the SPS are non-repayable securities", when it's precisely the paydown of the SPS the only capital distribution authorized in this amendment inserted by HERA in the FHEFSSA.





Why doesn't he mention the capital distributions that are really restricted? Dividends, today's SPS LP increased for free and the Lamberth rebate.


I will add a comment not posted ever before, about his assertion: "SPS, non-repayable securities" not written anywhere, because that was a feature of the company Resolution Trust Corporation (RTC), owned by the government, created for the bailout of the FHLBanks in 1989 and their small and regional banks, in what is known as the savings and loans (S&L) crisis.
It was also set up Resolution Funding Corp (RefCorp), fully owned by the FHLBanks (Equity holders) for their bailout and a $30B RefCorp obligation that only paid interests, which doesn't mean that the FHLBanks only had to pay interests stated by the FHFA below.
A 10% interest rate at the time, with a 0.299% spread over Treasuries GAO report-. It was Sandra Thompson who tapped the maximum $30B authorized by law (Who does that?), just when she arrived at the FDIC in 1990 and later, both DeMarco (sole Accountant GAO after the expulsion of PwC. Then, UST) and ST, decided to pay only interests ($300mll annuity), not the principal of the obligation as clearly stated in their Separate Account statutory wording:


They changed the payment of the principal of Refcop obligation, for "an obligation to pay interests", as we can read in this press release.


The obligation (security) only paid interests. The FHLBanks had to pay interests and principal of the Refcorp obligation. Isn't it clear?

Resolution Funding Corp (RefCorp) invested in RTC, which, in turn, invested in Public-Private Partnerships with Wall Street. What can go wrong?
This is why FSOC requested to Congress last Friday another fund for the resolution of the non-bank mortgage servicers.
Yellen, FSOC Chair, and Sandra Thompson (FSOC member) have become addicted to these "resolution funds" that end up in Public-Private Partnerships with Wall Street and it's when the manufactured crises become very profitable and useful for "loss-mitigation options for borrowers" and the politicians' dream to put a name on (Obama's programs, etc.)
As we can read in the FSOC press release of May 10th (mortgage servicers don't own the mortgages, so they can't carry out loss-mitigation activities without an express authority of the owners of the mortgages):

The fund should be designed to facilitate operational continuity of servicing, including loss-mitigation

The 40-year RefCorp obligation paying a 10% interest rate remains outstanding in full. Thank goodness that ST became FHFA Director to prompt a liquidity crisis in some regional banks, with outsized avances (loans) and the Held-To-Maturity portfolios authorized by the Federal Reserve and the FDIC, and the FDIC could seize $SVB recently, to make up for the $30B in losses with the RefCorp obligation.

The point is, shares in RTC where RefCorp invested in, were non-repayable securities, as stated in the statutory wording of the bailout.
So, Timothy Howard must have known the dynamics of the 1989 bailout of the FHLBanks. This is why he has brought up the feature of non-repayable securities for the SPS as well.
But a few months ago, about a Separate Account plan in FnF too, he said in his blog:

Separate Account? I don't know what that is.

"Separate Account" is expressly written in the statute of the FHLBanks. Evidence that he was playing the fool.

It's time for the plotters to learn what is restricted and what is not. We are running out of diapers.
Capital distributions, restricted.

I am not a regulatory lawyer but a litigator (another attorney for Berkowitz, David Thompson)

[TightCoil]

Today is Friday - May 17
A Day to Dazzle
for Fannie and Freddie

[EternalPatience]

Lol. Put it on ignore :) like the rest of us

[Wingsjr]

Roaring Kitty has joined us in this play. Look closely at the note pad in this meme he posted. 🤑

pic.twitter.com/JqwaBJFI9i

— Roaring Kitty (@TheRoaringKitty) May 16, 2024

[Rodney5]

You’re right math is off not 386%

$1.99 (52 week high) is a 342.22% increase of 0.45 on June 12, 2023 the day JOoa0ky prophesied

"Commons are going to sink... Sell out now while you still can..."

Link to prophecy: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172114484

[imbellish]

Market still prices it like a coin flip on FNMAS

[JOoa0ky]

Karen, your math is off.

[NeoSunTzu]

Meh... a nickel ... it beats nothing, sure ... and all we need is 1,200 more trading days of nickel gains to get back to about where FnF were before the whole $hithouse went up in flames 😁 At the rate we've been going of 1 or 2 of those trading days every month or so we'll be there in no time ....

[detearing]

Good day. Must say. 🤑

Fannie mae

[NeoSunTzu]

Houlihan Lokey is dying to hear from you. Fire up that resume, list your vast client and deal experience, and those cracker jack analytical financial statement skills. Don't forget to include your market and industry trend experience, recommendations from prior clients and stakeholders, and for Christ's sake don't forget to add your iHub posts to your portfolio. I'm sure they'll be just as impressed as we all are here. Then move on to Howard's blog and post a detailed critical analysis of where and how he's clueless.

[Rodney5]

Advice to Common Shareholders to sell their shares at the absolute bottom 11 months ago just before a 386% return. Continues to give out advice!

Quote: JOoa0ky Monday, June 12, 2023,

"Commons are going to sink... Sell out now while you still can..."

Do you have any dignity at all lady??

Link: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172114484

[EternalPatience]

So who is the restructuring guru... You or Bradford? We can have only one king in town and the other can play his b, I mean queen

[Patswil]

We had some very decent upward movement today--should continue tomorrow-Heads up folks!!

[stockanalyze]

$1500 went up to $1700 today. 💹

[JOoa0ky]

TH is absolutely clueless. Spoken like someone who's never been through a restructuring. I don't blame him since Fannie never went through one throughout his entire time he was there. So sad.

[JOoa0ky]

BRUH, there ain't no fannie mae in there. WRONG BOARD.

[NeoSunTzu]

Grab a screen shot while you can ... I'm sure it'll get deleted

[Guido2]

Used that in my response to Tim Howard. It's there now but could be deleted soon.

[EternalPatience]

Are you becoming another navy bridging the gap between twitter and ihub?

[EternalPatience]

You should know by now the list of players on this board with an agenda... :)

[RickNagra]

Michael Burry has updated his portfolio @michaelburry_ pic.twitter.com/HK1N0Fwmuv

— Patrick (@InvestIt3) May 15, 2024

[KenKong]

That goes against their agenda

[stockanalyze]

what is his agenda? you do for sure. tim knows most than anyone of us do, has a legit blog and does not hide behind 'no name', has a book and a long history with it. i believe none of us know anything, its like a black box. i am skeptical of everything and want to hear what is his agenda? very curious.

[tutt1126]

This is now a trump trade only if he will win.

[The Man With No Name]

TH's comment about P/E ratios should be used as toilet paper. Either he is being purposely dishonest to suit his agenda or he's clueless.

[NeoSunTzu]

It's a version of the Stockholm Syndrome to acquiesce ANY further to TSY. Those thieving ba$tards don't deserve another nickel

[Donotunderstand]

I believe - with reasons from years ago - but leave me now

HERE - because the Senior Paper (Preferred Shares) never change in "price" or quantity - i.e. do not trade

THUS - the GOV needs a way to add to the original obligation for the IOUs that are written each quarter and any other obligation of F and F to TREASURY

SO the LP is > the "equity value" of the SP and is the amount the Treasury believes it would take to buy out the SP

some one want to show me where that is wrong?

[stockanalyze]

95% ownership? they kept 79.9% for a reason

[RickNagra]

Tim Howard's comment on Treasury's options to monetize its stake in Fannie/Freddie. The math should be obvious to everyone:
1. Warrants exercised, seniors written off: 80% of $250-$300bn market caps is $200bn-$240bn upon organic release from conservatorship in 24 months at 10-12x… pic.twitter.com/fSpbw7t4QL

— Alec Mazo (@Alec_Mazo) May 16, 2024

[tford]

Thanks!

[FFFacts]

This is now a trump trade.

[FFFacts]

True just a legalized form because gubmint can do no wrong.

[stockanalyze]

silver, white and then bald. i know as my 4th job is giving masage, this inflation is killing me. i am bald already, 16 years did it.

[FFFacts]

In congressional testimony Calabria concurred when asked by warner.

[FFFacts]

You have no money to bet.

[FFFacts]

This is actually a correct post.

[RickNagra]

Oh wow. Sherwin Williams showed up end of day and did his magic.

[Forrest Gump Luck]

I’m coming around to the view that getting rich off release of GSEs isn’t going to happen. Doesn’t mean I’m selling as I do a mumbling of release by Trump will drive this to 4 bucks quickly. It would benefit the Paulson of the world and still wouldn’t require gov to do anything.
So there are a few ways to win.
And many ways to lose.

[tford]

What will happen to someone who already has gray hair?

[stockanalyze]

if you will keep worrying about the day to day volatility, you will soon have grey hair. $1500.00.

[RickNagra]

Oh no. The gains are starting to evaporate. Raise the ASK they will pay.

[skeptic7]

My God in heaven.

[The Man With No Name]

Spreadsheet? Of what? Because your predictions of $1500/share are delusion.

[stockanalyze]

even though i will win, i don't bet or gamble, have my spreadsheet unlike you. read your thinking again.

"It will be a painful fall to 5 cents." 🤣
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173631680

[The Man With No Name]

How much do you want to bet?

[stockanalyze]

"Midas–For some reason the comment you submitted went into the blog’s spam file" even blogs know who is a nuisance . lol.

[Guido2]

"for nor reason at all". Exhibit A that the author is a government stooge. Vermint!

[stockanalyze]

kt is busy framing his 30 posts, formatting, editing takes more time and attention than what he pays to his publication. you will soon see all 30 of them posted within less than 100 seconds.faster than we can even open one

[FNM500K]

We really need KTCarney and kite boy to start chiming in right about now….

[stockanalyze]

"Yes, that would benefit existing shareholders, but it would benefit Treasury even more, and thus would not be a giveaway “for no reason at all.”

meaning finally we get our $1500 after 16 years?
midas is a big short and was here, changed alias. may be kt or no name