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They now build capital that can be erased - to zero and worse - with a Treasury decision
i.e. they do not
Yer Gov will change the rules and allow the NWS to start again or something like that to Robb us blind.
We need to breakthrough $1.52 today then clear skies. Dr. TightCoil what is our vector ? Do we have clearance from Clarence ? Shirley this can be accomplished during power hour.
Can one or both of the gse CEO’s
Say we have more than enough capital now
Just look at what the stress tests show.
Don’t the gse’s have more capital than they ever had before?
Gse’s are politically in prison is why this soap opera continues
Free FnF
Ackman, Hines, Gretchen, etc. it’s time to
Spread the news
Ten quarters from now two of the most profitable companies in the world will achieve overall combined net worth of $200 billion! This is how close that we are to finally putting this saga behind us with minimal dilution! GLTA!!
The next 6 months are going to be a WILD ride🚀
Mark This Posting
Fannie and Freddie are getting ready to
BREAK OUT - BIG TIME - PACK 'EM IN
BEFORE THE BUYER FRENZY STAMPEDE
Hi EternalPatience, I am glad you didn't give up and sell after reading your posts last night. ;)
GLTU
dividend? they don't even want to honor unanimous jury verdict, as they are above the law. they have caused many to die without seeing their retirement, took money away from 529 tuition over last 16 years while other companies market cap has become over 2 trillion. $1500 down to $0.40. lost hope, forget about dividends.
Non-Interest MF Income Drives Freddie 1Q24 Profits
dhollier at Inside Mortgage Finance
It’s not often that multifamily plays a key role in the profitability of the government-sponsored enterprises. However, in its first-quarter earnings call this morning, Freddie Mac reported a remarkable $1 billion in non-interest income from its multifamily business, a sequential gain of $653 million and up $593 million from a year ago.
Meanwhile, Freddie’s $2.8 billion in consolidated net income was up $771 million from a year ago, though still off $148 million from the fourth quarter.
Net revenues on the single-family side were up $271 million year over year, but down $303 million from the fourth quarter, mostly due to a $259 million decline in non-interest revenue. At the same time, the single-family business posted a $120 million provision for credit losses in the first quarter after a $548 million benefit in the fourth.
That $668 million flip-flop, combined with a $259 drop in single-family non-interest income in the first quarter, drove a 37% sequential decline in net income for the division. It’s worth noting, though, that Freddie’s $1.9 billion in single-family profits in the first quarter were up from about $1.7 billion in 1Q23.
catman also wrote hera. he wants the c ship to last forever, don't be mistaken
Since when, did we start calling half cent a "swing". :). :) :)
If I M trading in millions of shares may be
I was Answering your legit question on why no volume
It can go up 10 cents also on 1000 share volume like the preferred. But that was not your original question though
Combined Net Worth FNMA and FMCC approx. 132.5b
Both companies making big money every QTR.
The half-cent swings when it was at $0.46 is now replaced by .04 swings at $1.50...
Day traders and MM still making money. But the actual owners of the companies, not so much.
Both
This is from catmans ridiculous cap rule changes
5 cents isn’t much, but for this stock at this level, it is
"governments and agencies can remain corrupt much longer than we can remain liquid"
Not to mention longer than we can remain in solid corporeal form. 😪
You Enjoy taunting "SammyBoy"?
Lack of interest
Lack of progress
Lack of clarity
just for Fannie or both?
I think it’s 150 billion to get a consent decree release
250 billion for normal dividends
Can anyone confirm the real numbers ?
Tia
So how much capital do they need before they can start dividend even minimum?
So what’s the combined cap for both gse’s?
130 billion?
Tia
The govt crooks must be noticing how big the cookie jar is now
just toying around with llama2 - AI model
Bryndon Fisher already filed an appeal with a Derivative Takings case (on behalf of FnF) after insisting to judge Sweeney, because it could only appeal the lead plaintiff (Fairholme) and not the 11 related cases. But he loves to be in the spotlight.
Then, the same claim was appealed to the Supreme Court with Andrew Barrett individually (Fairholme plaintiffs).
Everything denied, because Justice Alito already said that necessarily, there is a Separate Account plan for the rehabilitation of FnF, if you know what that means.
Anyway, this unsophisticated lawyer still doesn't understand that a Direct claim and a Derivative claim are, in essence, the same claim. Because what is swept is the Common Equity that belongs to the common shareholders.
INCOME STATEMENT
Net Income of FnF
+Other Comprehensive Income (OCI)
= Comprehensive Income (Net Worth increase), is the amount of SPS LP increased for free.
BALANCE SHEET: the quarterly numbers of the Income Statement posted before, are Accumulated here for the picture of the company.
Accumulated Retained Earnings account
Accumulated Other Comprehensive Income (AOCI)
Both are used to calculate the Common Equity, also known as the Book Value of a company that belongs to the Commons:
+Common Stock par value
-Treasury Stock (stock buybacks)
+Additional Paid-In Capital
+Accumulated Retained Earnings account
+AOCI
We see how the Common Equity is swept to the Treasury, when the Common Equity generated in the quarter is substituted for SPS in the Net Worth.
The figure of Net Worth under GAAP doesn't change.
Seeking Alpha, Yahoo and others don't tell us how they calculate their ridiculous estimates. Here's an article that says how it should be calculated. I exclude warrants from my calculations because warrants issued by one govt agency to another is a fraud.
https://corporatefinanceinstitute.com/resources/valuation/earnings-per-share-eps-formula/#:~:text=Since%20outstanding%20shares%20can%20change%20over%20time%2C%20analysts,that%20can%20affect%20total%20shares%20outstanding%20when%20exercised.
Another question for the accounting knowledgeable people.
If the warrants have not been exercised, why is the price per share earnings calculated as it includes that number of shares?
Fannie and Freddie warmin' up in the paddock
as we speaketh
Freddie made .52 more per share than Fannie! This is why the majority of my shares are in Freddie. I still keep 18 percent of my shares in Fannie. GLTA!!
The Federal Circuit will hear our derivative-case arguments later this year. I will be attending those arguments in person with our attorneys in Washington. I hope to meet many of my fellow shareholders there.
— Bryndon Fisher (@bryndonfisher) May 1, 2024
Who's the author?
FMCC - Net Income up 39% YOY
That's why they call Buffett "Hawkeye, cause he's watchin'
Fannie and Freddie like a hawk, ready at all times to move
Wow! That's even better then Fannie! $4.30 for the quarter!
Freddie Mac Net Worth climbs to 50.5 Billion
Freddie Mac Reports 2.8 Billion Profit First-QTR-2024
https://www.freddiemac.com/investors/financials/pdf/supplement_1q24.pdf
What do fellow travelers do when faced with a log in the road?
Oh wow. Big day on day. Freddie reporting earnings this morning. Launchpad ready. Launch to the moon. Moon before noon. Anything under $2.50 is a great bargain. Buy all shares before WB gobbles them up. Oh wow. Ready the engines ready the rocket ship to the moon. All systems check. Here we go.
Is it just me or do idiots multiple quicker than normal people?
Fight for your right
A new journey to two starts today
Slap that ask
Door is open
Blowout earnings
Oh wow big day on deck
Crappy day
There were lots of big buys in
Take note
Strong buy anything under $2.50
Don’t let WB gobble up all the shares
We are begging another large bull run
Launch before lunch, moon before noon
Wiseman Quote: “ What has changed is the existence of a Common Equity Sweep, when it's substituted for SPS LP.
A NWS 2.0.” End of Quote
When you say Common Equity Sweep are you saying wipe out the Shareholders?
What is the right thing to do? The money kept by the Treasury by the NWS should it be applied to principle and 10% interest and over payment should be returned to the companies. $301 billion is more than enough to pay the liquidation preference and redeem the Senior Preferred Stock?
Same Financial Statement fraud: SPS LP increased for free and its offset with reduction of Retained Earnings in the same amount, are missing in their Balance Sheets.
If Fannie Mae states that
BOOM. Fannie Mae meets market expectations of $0.00 EPS.
YEEEEEEEEEE!
Beware of the fraudsters that take the Net Income to calculate the EPS, instead the Net Income Attributable to common shareholders after the payment of dividends or other compensation to Preferred Stocks, in order to conceal the ongoing Common Equity Sweep (NWS 2.0).
The Common Equity generated in the quarter (Net Income + Other Comprehensive Income), is the Net Worth increase in the quarter that later is used to assess the compensation to the Treasury.
Reminder: this compensation is another Capital Distribution (number 1 in its statutory definition), just like dividends (#1 too), and thus, restricted.
Common Equity held in escrow, in order to uphold the CFR 1237.12 (we use the exception to this Restriction on Capital Distribution to legalize it: for the recapitalization) and the fhfa-c's Rehab power as well.
EPS at the bottom of the image.
A determined traveler doesn't let a log
across the trail impede his journey
Go, Fannie, Go
Run, Freddie, Run
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