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I’m out here saying f this crazy mess! Been deep fucking value investing this shit since I got in the game. I started buying at 2.20 and all the way to .35 and I ain’t fucking leaving!
You got that right, I'm going to sit on my 3% mortgage forever.
But the government objects to the 8-0 verdict, your honor! It should be thrown out and you rule.
"The narrative was established and they never lifted the boot off the necks of Fannie and Freddie."
The media couldn't find enough hours in the day to report about George Floyd but when it comes to the necks of something far more important (F&F) . . . not a peep in 16 years.
are you talking SCOTUS
8-0 verdicts spoke loud and clear that conservatorship and news violated shareholder contracts under corporation charter.
Had Govt not trashed their reputations with blame for Housing collapse and operated the GSEs with the intention to release- this issue wouldn’t exist.
The narrative was established and they never lifted the boot off the necks of Fannie and Freddie.
They need to change their narrative, admit reform and release them from C-ship.
the parrot is a pest
the worst we have met
it created net worth sweep with a hall of shame
and can even play a little political game
it woke up in the middle of the night
to plot a heist
it finds pleasure in ruining lives
plots a theft with itching hives
it identifies with fellow travelers
it gets paid by bankster vultures
if it finally goes to jail
there will be no bail
Jim Parrott is explicit on attempting to wipe out JPS. $FNMAS $FNMA #fanniegate pic.twitter.com/fwyBKBUArP
— Swamps & Shitholes 🇯🇵🇱🇷🇺🇦🇮🇱 (@AZbroker) August 13, 2023
One GSE govrat out and a new govrat in to continue the cycle of sharing useless chit chat with lots of free rubber chicken luncheons.
Can't wait for the GSE release, the current board members that have done squat for shareholders with not have the luxury of continuing on the board.
They deserve nothing better than a quick dismissal.
FNMA
Remembering the answers is a whole notha ball game.
Already has the questions.
Those are just facts. I don't make the news, I just report it. The GSE's are trapped, that's the bottom line.
Most likely having brain cramps in the process. I have to agree with you on this one lady. Ha
FHFA Announces New Staffing Update - IMMEDIATE RELEASE
06/20/2024
Washington, D.C. – Today, the Federal Housing Finance Agency (FHFA) announced that Antonio White has been named Director of the Office of Congressional Affairs and Communications (OCAC).
The Office of Congressional Affairs and Communications is responsible for the Agency’s public and media relations strategy, stakeholder relations, internal communications, and content management oversight of the FHFA public website, which provides a wide range of information to external stakeholders. OCAC is also responsible for working with members of Congress to respond to inquiries and provide information on the programs and operations of FHFA and its regulated entities. OCAC analyzes legislation, tracks statutory changes, and prepares FHFA officials to testify before Congress.
“Antonio brings an immense depth of experience in communications, corporate and civic outreach, and stakeholder engagement that will be a valuable asset to the FHFA leadership team,” said Director Sandra L. Thompson. “His strategic guidance will be essential as we continue to promote equitable access to affordable and sustainable housing in a safe and sound manner.”
About Antonio White: White’s public affairs experience spans two presidential administrations, philanthropy, and the financial services sector. He served in senior advisory roles at the U.S. Department of the Treasury during both the Obama and Biden Administrations, including most recently as Treasury’s Deputy Assistant Secretary for Community Engagement, where he advised Secretary Yellen and her senior staff on stakeholder communications and directed Treasury’s external affairs strategy during the pandemic recovery. He also held senior communications and government affairs roles at the Gates Foundation and Bank of America, respectively. A native of Cleveland, Ohio, he earned a B.A. from Miami University and an M.A. from Morgan State University. He is a recipient of the Treasury Department’s Distinguished Service Award and was recognized by Fortune Magazine on its 2022 Top 40 Under 40 list.
No, it"s not the President. It's the Congress, since the Treasury chose a 3-option Privatized Housing Finance System revamp for the release from Conservatorship in 2011.
13 years in the making.
Biden release of FnF by end of this month has 0.0001% of happening. He's busy trying to memorize what he has to say for the debate next week...
Where’s the boy genius skateboard? Trying to time my purchase right before the announcement of release that is coming in June. Do you remember which day you said it would be in June so Biden could take credit?
all interesting
just announce and EO to suspend for 12 months the Guarantee Fees FNMA collects
note this should drop mortgage rates 10% or a full half point
more to follow in 2025
just do it -- (still do not understand why DJT did not smash BO and NWS and help us -- and now it is JOE that does not see the opportunity)
Companies - Brokerages - have different words for different things
I worked at Dean Witter - Morgan Stanley - and Raymond James
I never used the word accredited as in accredited account ?
dedicated
segregated
enumerated
(qualified - as in qualified for margin or speculation )
but never accredited --- maybe you answer before you see this
If not
what is an accredited account ?
right or wrong
those here for 16 years have lost big and bigger
those advising to hold - SO FAR - have been WRONG
but
I will continue to speculate and wish -- as by now this is less than 1% of my money - and I would love for it to become 5% of my money by going way way way up --- that is the purpose of a crazy speculation
You are not a day of Sunshine!
Just Saying!
We have been dug in with this for over a decade. I figure i might as well stay the course and see if I drown in this Shit Hole.
@timpagliara believes Biden will take credit for solving affordable housing crisis by recap & release of GSEs.
— Hitesh Patel (@HiteshP84901225) June 18, 2024
Tim, any update on admn resolution regarding consent decree? We shareholders have been counting on you for many yrs. Hope to hear from White House before the 1st debate
The FAs hired by Fannie, Freddie would have the expertise to get this done. Unclear what is needed by Exec beyond a greenlight to get it done.
— Joseph Waske (@jwaske3) June 20, 2024
$1.30 a share is Nasty work When she blows it’s gonna be bitter sweet.
I was a lurker for a good 5 years before my first post. It's like Pandora's box. Some days I wish I was just a lurker again...
Sorry... Berkley Insurance Co from Oct. Yes, I know FNMA was not party to it, but FMCC was which is why I was asking.
$Freddie $Mac target price = $2.50
I remember after Buying @ .45 then went to .35 then Buying @ .75 then went lower
people pointed out glad they "waited" but they never follow thru - also Bought a ton
@ .99 - last purchase was FMCC @ $1.33 - my 600,000 share avg price is below $1
Fannie / Freddie previously paid $2/sh dividend & had a share price 0f $60 -$80
they are now LARGER part of U.S. Housing , STRONGER & MORE PROFITABLE
when released - even if they "only pay" 25% of that = .50 Dividend -
that's $300,000 /year in Dividends alone
IF YOU ARE A SHAREHOLDER & LURKER it's time to stop being a peeping Tom - drop in let us know you are out there. This mess is enough of a black box without knowing what kind of shareholder base we have.
GSE MBS Issuance Increases in May, Led by $Freddie ...
- -
Thursday June 20, 2024 - nbhatia@imfpubs.com
Fannie Mae and Freddie Mac issued $55.41 billion of single-family mortgage-backed securities in May, according to a new Inside The GSEs ranking and analysis. That was up 7.9% from April but issuance in the first five months of the year was off 0.7% from the same period last year.
Freddie saw the bigger monthly increase in MBS output, up 9.4% from April. Business was up 6.3% at Fannie.
PennyMac overtook United Wholesale Mortgage and Rocket Mortgage to become the top GSE seller last month, with $5.75 billion in volume. PennyMac drastically increased its GSE business in May as its Fannie sales increased 66.6% and Freddie volume grew 46.8%.
Meanwhile, combined, the GSEs accounted for 53.8% of total residential MBS issued during the first quarter of 2024. That’s well below the share the GSEs have commanded of the residential MBS market in recent years.
Sure there are. Go to your nearest area rug and look underneath to where they're all being swept.
Mortgage Rates Move Lower -
Freddie Mac - Thu, Jun 20, 2024,
MCLEAN, Va., June 20, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.87 percent.
“Mortgage rates fell for the third straight week following signs of cooling inflation and market expectations of a future Fed rate cut,” said Sam Khater, Freddie Mac’s Chief Economist. “These lower mortgage rates coupled with the gradually improving housing supply bodes well for the housing market. Aspiring homeowners should remember it’s important to shop around for the best mortgage rate as they can vary widely between lenders.”
News Facts
--- The 30-year FRM averaged 6.87 percent as of June 20, 2024, down from last week when it averaged 6.95 percent. A year ago at this time, the 30-year FRM averaged 6.67 percent.
--- The 15-year FRM averaged 6.13 percent, down from last week when it averaged 6.17 percent. A year ago at this time, the 15-year FRM averaged 6.03 percent.
--- The PMMS® is focused on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20 percent down and have excellent credit. For more information, view our Frequently Asked Questions.
Freddie Mac’s mission is to make home possible for families across the nation. We promote liquidity, stability, affordability and equity in the housing market throughout all economic cycles. Since 1970, we have helped tens of millions of families buy, rent or keep their home. Learn More: Website | Consumers | Twitter | LinkedIn | Facebook | Instagram | YouTube
MEDIA CONTACT:
Chad Wandler
(703) 903-2446
Chad_Wandler@FreddieMac.com
@navycmdr 🚀
Re: None
Monday, June 10, 2024 5:15:16 PM
Post# of 796108
$Boooom ! - $GSE $Shareholders $Reply to Govt Motion ...
Link to 65 page Filing : https://t.co/bkTSLwBxbo
Bullish
BULLISH
There’s no updates at this point in time .
When I sue it will be all of you Ps, shorts and non owners who have been orchestrating take downs for years.
The housing market has been in dire straits since mid 2021, 100% predictable and 100% avoidable. GSE's are red because serious investors know there is no chance for them to exit c-ship and escape the threat of the NWS. Oh, and also because the current action in the courts also demonstrates there's no path there either.
earlier in the week or last week I saw an analyst put a 75 penny one-year target on Fannie
I believe some yahoo lowered the 1year price target to $1.25. Lemmings are just following.
Dude always gets chesty when there’s a drop in SP…
You’re barely relevant…
Guess you entertain yourself too much… lol
Total garbage post with zero basis…
If you’re shooting for zero credibility keep it up… lol
A neighbor and a friend told me 10 years ago
To sell and move on because the government is involved with this investment
I should have sold spring 2017 and never looked back
Only hope is November
Will gb finally be right with his November to remember
lol
Ackman is hedging his commons with JPS.
It is all of you guys who aren't hedging your commons that think you're smarter than Ackman.
That's actually some amazing foresight. 2 years later and it still holds true.
All the negative media coverage on the housing market have GSE investors skiddish. That's my guess as to why we have been Red lately. :(
if they are paying any dividends to JPS that means they are free or semi free - enough to have FHFA or a BOD approve dividend payment out of real profit
At that point - a normal resumption of any JPS payments of dividends - we likely are at 20 or 25 a share (unless my FEAR of LP/SP proves out)
Again - WTS are mild in comparison and we can hit 25 a share with 5B outstanding
reasonable expectation?
I have an expectation that around the time of the Warrant expiration - if we have friend or are lucky? -- there will be noise and news about our captivity
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