Fannie Mae-No Politics (FNMA)

[Donotunderstand]

AND
AND
they both keep passing super stringent safety of capital TESTS !!!

but alas - still in jail

[Donotunderstand]

I do not see why WTS are dead or gone

And - the real issue re dilution ---- is the LP anyway - huge monster of 60B-120B share dilution --- not 4B

[Donotunderstand]

YES
Combine some good real news on F and F with some ??? about lowering mortgages etc. and heavy PR

sitting there waiting to be done !!!1 (indeed was available to DJT as well - so maybe I am missing something obvious)

YES
FNMA and FREDDIE sit as ripe and ready PR for Biden

(and as I noted prior - use Executive authority to suspend the FEE for 12 months ---- so interest rates drop right that day!!)

[cvcog]

Chart pattern is suggesting another pennant pattern which looks like it is not done forming yet. The bollies are getting tight again.. The flag that is developing appears to be a lot larger than the ones that drove the price higher over the last six months, so FNMA may trade sideways for a little while until this bigger flag completes. Thats what it looks like anyways..

[RickNagra]

Stuck at $1.46 we need a proctologist. I will now call Dr. Ben Dover.

[skeptic7]

We'll continue to politely agree to disagree on Lamberth and his motives at any time during his tenure in these trials. Regarding SCOTUS, I recall vividly having correspondence regarding the amount of times it was pointed out that they said "nationalization" during the oral arguments. It was 23, if memory serves.

My only comments were that saying the companies had been nationalized and their profits taken as a result is one thing, but ruling on it is quite another. SCOTUS proved what myself and many others have known for a very long time...this is not a fair fight.

[NeoSunTzu]

I’d pay good money to see someone tell Calabria shut the fuck up on X

[NeoSunTzu]

Ahhh the never-ending cycle continues.

[lookaheadfuture]

Wow, this part also stood out to me:

"...- both during conservatorship and following the conclusion of the conservatorships".

Sounds like its a done deal! Finally! Longest investment ever!

[Donotunderstand]

GREAT
GREAT

Is this administration - maybe building on prior and ? prior and ? -- building the case - step by step that - say in 2025

NOW -- BECAUSE the F and F you see/get are reformed and improved and fat with cash - NOW we can free them ?

I would love that

(and then as always - what happens to the LP $ of 300B is key)

[Donotunderstand]

The one piece about MIKE

Arguing to make them GOV -- in essence and agency --- is not illogical

Private - GOV regulated Monopoly privately owned utility - Agency

With any proposal to NOW --- NOW -- make them an agency ---- I hope we (equity of any sort) can then AGAIN bring up the TAKING - and use Charter act or whatever and focus away from NWS which is where we lost

Just thinking out loud - that becoming an agency via a PAID FOR taking - is fine by me --- (That is GOV policy beyond me - but we should get paid some average of PPS for the three months prior to Paulson Bush taking us (and then three more Presidents or administrations equally guilty by lack of reversal !) GOV has the right to take my store to build a needed and approved highway on my plot - but they must pay for that when they take it. YES - I view all of this as a TAKING (if not defacto by now) without the quid pro quo required - payment to us for taking these profitable companies away from Equity ownership

[Donotunderstand]

YUP

As I understand it ---- for purposes of the claims court and the case that went to SCOTUS (same or not?) ---- the thought process was something like --- NWS is so insanely obviously illegal - "on its face a taking" (all our equity profit?) --- that it was best to attack at what was viewed as the most vulnerable GOV action (BO starting the NWS - all profit) . We lost . Yet I am not sure there was no logic there at thinning the issue to one viewed by the plaintiffs and their attorneys as the most blatant clear illegal act

Others have argued for 5 10 ++ years they suits should have gone after HERA ---- I assume Charter Act and ... and

That is way beyond me --- . I see the logic of that!!!! I also see the logic of trying to slice off what was viewed as the most vulnerable action by GOV

Lawyers did not prove themselves right or particularly able? We suffered and they got paid

[TightCoil]

Yes, of course, The Cheat Code...why didn't we think of that?
That's the Answer

[pauljon4]

I will try to Google the cheat code.

[RickNagra]

We cannot seem to breakthrough $1.46 today.

[TightCoil]

The day is young still, and tomorrow is Friday
Load up now before the Buying Stampede gets here
FNMA/FMCC GET SOME NOW

[Guido2]

Look at the facts, not "experts" opinions. Fannie & Freddie had $95 billion in capital before the fraudulent "temporary" conservatorship. Despite their conservators, including @MarkCalabria , swindling $301 billion of their equity they still have $125 billion.
Experts or facts?

— Guido da Costa Pereira (@GuidoPerei) April 25, 2024

[imbellish]

Fairholme replies due in June and July

[detearing]

Investor Relations call a joke...it's like a slave owner talking to slaves they gunna get more bread and butter next week.

Trump only one that knows the reparations due, an will/can do anything.

Biden checked out, right? Pause.

All good.

Trust in Jesus as Savior as He THE only one that can pop-N-lock the FnmaFmcc Twins...

Hope of Hunter and Nancy loading and Obama/Biden stop stealing is a .0005% chance...

Do not fret over those who do evil and do not envy those who do wrong as they wither quickly like grass and wilt like tender plants

When yah get set free...yah feel free indeed...twins will be set free indeed imho

[RickNagra]

Crappy day.

[jcromeenes]

Font 2? I need to move to the next level reading glasses. Damn it.

[Fannie Heyyyyy]

Clearly you did not read the fine print with the asterisk that says "wishful thinking".

It's at the bottom of his post printed in font size #2

[jcromeenes]

Can you point out where it says it's time to exit conservatorship? I read that many reforms have been completed and they will be safer institutions after exiting conservatorship BUT are well short of their capital goals and more is needed. I see nothing that says it's time to exit. Please enlighten me. Thank you.

[RickNagra]

Oh wow you need a rocket ship to get home ? Which planet are you from ? I am also visiting. Perhaps I can bum a ride from you. I need to get back home. My spaceship is in the shop right now waiting for parts. NASA is taking forever.

[jog49]

I think it to be nothing more than political lip speak. It's the same old shit; they just change the date on the letter.

[JOoa0ky]

In the spirit of old news.
$BOOM Treasury Secretary to free FnF!!!!!!!! 🚀🚀🚀

https://money.cnn.com/2016/11/30/investing/fannie-mae-freddie-mac-mnuchin-trump/

[wingnutt01]

Our Commander should be honored to be Your Captain.

[stockprofitter]

I was suspecting a nickel but okay :)

[stockprofitter]

Dont include the warrant, that is nonsense.

Warrants are dead.

[JOoa0ky]

The boom was last week bro.

[trunkmonk]

🚀🚀🚀🚀🚀🚀🚀GSE = Free....Im getting closer to my Home💥💥
✝️✝️✝️✝️✝️✝️✝️✝️✝️✝️✝️✝️✝️✝️✝️✝️✝️✝️✝️✝️✝️✝️✝️

[Stern is Bald]

I retract my last comment - I am thinking this could happen in the next few months and be a election statement. I'm sure the WH is well aware and maybe even nudging ST to finalize plans for an announcement.

[Stern is Bald]

Holy crud!!! Man getting more official - started w/ Fireside chats now in writing. An announcement will happen after hours w/ in the next year maybe before if this admin thinks there are going to lose...

[navycmdr]

$Boooom ! ... as per the Director of the CONSERVATORSHIP ...

Reforms have been COMPLETED ! - EXIT CONSERVATORSHIP NOW !

[Wise Man]

Only Bloomberg, involved in Fanniegate.
Mike Bloomberg's campaign: Nationalization, CRTs,... Coincidence?

Analysts Expect FNMA To Report At least 0.60 EPS Next Week…

It was exposed a few days ago in a reply to you, with the KBW estimates of $2.8, $3 EPS on a Bloomberg Terminal .
The EPS refers to a Common Stock. Then, don't take the entire Net Income of FnF like KBW. You have done the same, but adding the Warrant. So, worse. With shareholders like you, we don't need enemies.


With the ongoing Common Equity Sweep, the EPS is always $0, depending on the Other Comprehensive Income (OCI) that usually is very small in FnF.
Net Worth increase or Comprehensive Income = Net Income of FnF + OCI.

For the EPS (Earnings per Share), Earnings refers to Net Income Attributable to Common Shareholders.
=
Net Income of FnF, less the amount of SPS LP increased for free, equal to the NW increase posted above. Or other compensation to Preferred stocks like dividends.

Then, EPS = close to $0.
Investing.com Freddie Mac.


I repeat, DO NOT TAKE THE ENTIRE NET INCOME OF FnF TO CALCULATE THE EPS.

I repeat,.....

🚨 Freddie Mac states above Net Income per common share, but it refers to Net Income Attributable to Common Shareholders per common share.
The paid shills saw an opportunity of deception.

[navycmdr]

Buy Buy Buy ... Bullish Doji Star ... ...

[JOoa0ky]

We need to move on with our lives... Sandra, just shoot some fireworks already.

[CatBirdSeat]

Analysts Expect FNMA To Report At least 0.60 EPS Next Week…

[Wise Man]

First, Barron is another alias of the rogue plaintiff Mr.Pro Se, among his 30+ different aliases he uses regularly on this board. Just so you know.
We don't need hedge fund managers turned into Shareholders' Rights advocates, and even the attorney Hamish Hume hiring a famous Human Rights activist, Rebecca Musarra (Source. At the same time President Biden was being portrayed on the media as a tyrant. Coincidence?), defending our property rights because they remain intact during a conservatorship.

Among the property rights, the legal ownership is embedded into a stock, and we have always had the right to dispose of our shares, that are kept in our broker accounts under custody.
Other rights that emanate from this ownership, like the Voting Right, right to scour the books, etc., were transferred to the conservator momentarily, so that it helps it fulfill its mandate, otherwise two-third shareholder vote would still be necessary and we would have opposed to every action, for the sake of saying no.
Therefore, our rights weren't "eliminated" as the hedge funds claim in court. They were transferred to the conservator. They are still there and, at some point, they will be returned.
And a point in time is related to the soundness and solvency of FnF "Put FnF in a sound and solvent condition", that is, their capital levels, which is how it's measured. This is why the prior FHEFSSA established MANDATORY release upon declared Undercapitalized: Core Capital > minimum (Leverage) capital requirement. Struck by Calabria's HERA but it's still a useful threshold to ponder.
What has happened is that, before, the minimum Leverage capital requirement was calculated with 0.45% of the off-balance sheet obligations (MBS Trusts. Financial statements consolidated on the balance sheets), and now, it's 2.5%. Notice the difference?
A Basel framework for capital requirement pursuant to the UST's recommendations on ending the conservatorships. A 3-option Privatized Housing Finance System revamp, with the goal to remove their privileges in capital standards as a result of a subsidized guarantee-fee, and the UST backup of FnF attached: Finance their operations as a last resort (upon negative Net Worth), after FnF had tapped the private capital markets before ((2) in the Public Mission: "respond appropriately to the private capital markets". What FnF did during 2006-2008 with issuances of Cs and JPS), otherwise their Public Mission can't be carried out (high credit risk and not properly compensated).

The crooked litigants with their frivolous lawsuits, have had the mission to deprive FnF of the possibility to rebuild their capital. First, agreeing with a 10% dividend during conservatorship and pretending that FnF are mutual funds, so they simply ask for SPS "repaid" and with the SPS overpayment, a $29B cash refund. $0 Core Capital recovered as a result.
They haven't challenged the SPS LP increased for free, so that now, they stage a necessary haircut in the amount of this gifted SPS, and attach it to a haircut on the JPS too, as required by Mnuchin for the JPS of his buddy Berkowitz (holding several series of JPS that nowadays no one knows where they are, and no one cares. All lies.) and Co, according to Calabria in his book.
The last option, they ask for debt forgiveness (Argentina/IMF- style), which is pathetic and it's struck down right away, after agreeing with the government that everything is authorized, forgetting the second leg regarding that it forms part of a Separate Account plan that rehabilitates FnF (the "authorized by this section" in the FHFA-C's Incidental Power), as required by Justice Alito and judge Willett (financial rehabiltation is related to capital levels: SOUNDNESS. Not with a $125B Net Worth built with the $125B SPS LP absent from the balance sheets, but with the $426B common equity generated by FnF and held in escrow in accordance with the law).

Finally, the courts have no say on the conservatorship of FnF, so going to court is pointless. Besides, it can be considered unlawful for the fact that to become Director of the FHFA and thus, conservator nowadays, it's required by law to have a deep understanding of mortgage finance and financial matters, which isn't the case in a judge, let alone the jurors.

(f)Limitation on court action
Except as provided in this section or at the request of the Director, no court may take any action to restrain or affect the exercise of powers or functions of the Agency as a conservator.

The FHFA can't collude with the plaintiffs to circumvent it, which is what is happening in the Lamberth court, with Bekowitz complaining about a breach of "implied contract" (fiction when claiming damages) in order to get back dividends on his Non-Cumulative Dividend JPS. He isn't interested in the enterprises keeping his dividend for their financial rehabilitation (Retained Earnings is Core Capital) and he wants it back.

This is why today, in the adjusted ERCF, they post an adjusted $402B core capital deficit over minimum Leverage capital requirement.

This is an image of the brief where the attorney for Berkowitz, David Thompson, asked for debt forgiveness (SPS, canceled or written down) or a swap SPS for Common Stocks, with the Collins case on remand from the Supreme Court, disregarding that by "rehabilitation of FnF" means rehabilitation since day one, not now asking for debt forgiveness.

[Wise Man]

"Bad faith and unfair dealing when the Regulator......"
It's a Conservator to begin with. Wake up, bro.
You still don't understand that the CONSERVATOR's Incidental Power allows it to pay down the SPS and recapitalize FnF in a Separate Account and lie about it (your "bad faith and unfair dealing"). This is why the Separate Account plan is both authorized and lawful, and we can't claim the payment of Punitive Damages for it (although it has needed 7 Securites Law violations that aren't authorized, obviously, that need to be settled. One of them is stock price manipulation, precisely, for this Separate Acct plan), because it's:

any action authorized by this section, in the best interests of FnF or the Agency

.
"Authorized by this section", because it's authorized in the CONSERVATOR's Power: it both recapitalizes FnF and reduces their debentures (obligations with respect to Capital Stock, SPS)


As a side note, it's precisely the improvement of the SOLVENCY (abilitiy to meet the obligations), the reason why the FHFA Director Mel Watt, might have lifted the suspension of the 4.2 bps allocated to two Affordable Housing funds managed by HUD and the UST, in December 2014. A capital distribution that had been restricted all along, since it was enacted in HERA in an amendment of the FHEFSSA, but it has its own provision in the FHEFSSA with its own exceptions, not the general ("IN GENERAL") Restriction on Capital Distributions explained at the bottom of this comment.
FnF didn't comply with any of the enumerated conditions that had it suspended. And "it doesn't contribute to the financial instability of the enterprises," (Explained here), likely was threshold that was met, with the finalization of the paydown of SPS by the laggard Fannie Mae in December 2014, one year later than Freddie Mac (signature image below).

Both occurring at the same time, because FnF sent assessments to the UST under the guise of cash dividend payments and thus, it reduced the Retained Earnings (Dividend, a distribution of earnings. Core Capital.). and that's restricted and unavailable Earnings for distribution, out of an Accumulated Deficit Retained Earnings account. Then, upon unwinding the Separate Account plan, turning it into a normal Conservatorship (So, don't tell me that the Separate Account didn't happen, if it's a normal Conservatorship made public. In the end, the Separate Account is a normal Conservatorship carried out secretly with lies), these SPS have been paid down with normal cash as the Retained Earnings account (Common Equity) was increasing (double entry accounting Cash/RE; You are paying down the SPS with this Cash and the RE stays). Watch my signature image to see how it works (the Common Equity stays).
Which is how the Federal Reserve plans to reduce its Deferred Asset too. Its DA (amount of operating losses. Latest: $164B) is a made-up scheme (fraud) that substitutes a bailout with SPS purchased by the UST, saving the cumulative dividend on SPS, public outcry and a Conservatorship.
A mechanism of reduction of the Fed's DA that we see in its definition (Fed's website):

It represents the amount of future Net Income that will need to be realized before remittances to the Treasury resume.

You repeat your flawed analysis of the Restriction on Capital Distributions, in order to sneak your lies (refinancing option, HERA instead of the FHEFSSA, etc.)
I will just post my prior comment calling you out, rogue Mr. Pro Se, here.

[RickNagra]

Oh wow. Hope you had a nice rest today as you slept right through the closing bell ding ding ding Dr. TightCoil. We closed one penny lower than the HOD. That would be the high of day although some call it the high on drugs LOL. Nevertheless I digress. That’s besides the point. No doubt tomorrow we will breakthrough through $1.50 cause we need to raise the ASK. We are headed to $2 I reckon.

[naveedkhan]

Better call Saul

[bradford86]

If you are not going to file your own lawsuit, your negative thoughts against people who have fought in court to defend your property rights should be kept to yourself because they are not helpful

[TightCoil]

Tomorrow?
FNMA up 5-8 cents minimum
FMCC up 5-8 cents minimum
Take it to the Bankola

[FFFacts]

Correct I have been saying the same thing for years. Corrupt attorneys. If you heard Hume on the Rood podcast he openly admitted dropping the appeal on national security grounds and not challenging the original takeover apparently his patriotism is stronger than his duty to his clients. There is a reason why most these cases were consolidated and in almost every filing they said they were competent attorneys so to avoid anyone else from interfering.
Also just because a billionaire is funding the lawsuit doesn't make him smart. In all likelihood they are probably conflicted financially and the gubmint has dirt on them so they put in a little effort but don't go all the way and drop appeals. Sort of like a catch and kill scheme.

[Rodney5]

Name any lawyer who brought before any court in connection with Fannie and Freddie

HOUSING AND ECONOMIC RECOVERY ACT OF 2008 RESTRICTION ON CAPITAL DISTRIBUTIONS.

As plain as day!

It’s bad faith and unfair dealing when the Regulator is authorized to pay down the Senior Preferred Stock and sent the Net Worth without the pay down option. The FHFA Director doesn’t need the Treasury approval to pay down the Senior Preferred Stock the Director has the authority from Congress written in HERA:

HOUSING AND ECONOMIC RECOVERY ACT OF 2008

RESTRICTION ON CAPITAL DISTRIBUTIONS.— page 2731
‘‘(1) IN GENERAL.—A regulated entity shall make no capital distribution if, after making the distribution, the regulated entity would be undercapitalized. The exception.

Quote: “Page 2732

EXCEPTION.—Notwithstanding paragraph (1), the Director may permit a regulated entity, to the extent appropriate or applicable, to repurchase, redeem, retire, or otherwise acquire shares or ownership interests if the repurchase, redemption, retirement, or other acquisition— ‘‘(A) is made in connection with the issuance of additional shares or obligations of the regulated entity in at least an equivalent amount; and ‘‘(B) will reduce the financial obligations of the regulated entity or otherwise improve the financial condition of the entity.’’.

NOTE: REPURCHASE, REDEEM, RETIRE...

WILL REDUCE THE FINANCIAL OBLIGATIONS OF THE REGULATED ENTITY.

Link: https://www.congress.gov/110/plaws/publ289/PLAW-110publ289.pdf

In essence allows the trustees of Fannie and Freddie to go to the market at any time to raise new capital, including new capital with lower dividend coupons, to buy back the Treasury’s senior preferred. Any loyal conservator of Fannie and Freddie would take advantage of this refinancing option to end the bailout arrangement, by paying off the senior preferred in full. The Treasury did not take a Perpetual Equity Investment in the enterprises, the Treasury stated a temporary investment period!

[The Man With No Name]

Advise to not hold your breath. Even if Lamberth flushes the jury verdict down the toilet, it's not happening.

[Rodney5]

This is my understanding of what took place at the SCOTUS. The Plaintiffs brought the wrong lawsuit. The federal statutes ( THE LAW ) was not mentioned at all before the SCOTUS.

The Federal statutes are the Charter Act, the Safety and Soundness Act of 1992, as amended by HERA, and Administrative Procedures Act, and potentially the Chief Financial Officers Act. None of the litigation made any claims of violation of these acts.

All the lawsuits challenged the actions of the Conservator within the terms of the SPSPA... AND The Supreme Court basically said we will not rule or give Judgment are act as an arbitrator on the contract the SPSPA. So, the NWS was not validated as legal or illegal by the Court: The Court dismissed the lawsuit.

Well, looks like big money people who hired and paid the lawyers were that stupid THE LAW was not mentioned. Not only at the SCOTUS but I’m thinking every lawsuit that has been brought. Can anyone name one that actually referenced the Federal Statutes governing the GSE’s ??

[TightCoil]

I was sleeping through the close, sorry, but looks like
we stayed green for both Fannie and Freddie...

[stockprofitter]

Berkowitz has run for the hills..if that is any sort of indication lol