Fannie Mae-No Politics (FNMA)

[Rodney5]

Yes, it's a blow to the power of federal agencies. FHFA and its Director are executive branch entities. They cannot make changes to federal laws. Only Congress can change the law. Therefore, the U.S. Congress did not give DeMarco the power to take all the future profits of their wards in conservatorship into perpetuity, thus Nationalizing the GSES, based on an Incidental Power in HERA: The Net Worth Sweep. The U.S. Congress would have given the FHFA more explicit instructions to do so than merely drafting in the HERA to do whatever it feels is in its best interests. DeMarco, this non-elected bureaucrat, has been allowed to steal the companies for the Treasury.

[RickNagra]

Lemmings slow to react to the Chevron ruling. Making their way right now to the buy window. Too much heavy drinking the night before. Must be Europeans.

[Homebrew]

There is no symbol.

What is the symbol for this board ? Obviously it cannot be FNMA. Is there a fifth letter ?

[RickNagra]

What is the symbol for this board ? Obviously it cannot be FNMA. Is there a fifth letter ?

[Guido2]

Depends on what he and his friends own.

[Guido2]

With Chevron gone way over $2.00.

[Homebrew]

Post here.
https://investorshub.advfn.com/Fannie-Freddie-Politics-Board-Poltics-Allowed-Non-43002

[jog49]

"Ignore does $1000+/share, yes its possible after 5 years without the GOVT deep claws & intrusions into FNF."

NO it's not and you know it. Any price explosion like that and it would split long before $1000. $200-300 is possible if fully unencumbered, but forget about $1000 and that such nonsense.

[NeoSunTzu]

Nice to see greater than average volume early in the day .... profit takers make everyone cautious ... probably won't see any more advances till later in the day then maybe a run at the end of the day ...

[RickNagra]

Stuck at $1.43 this morning. We need a catalyst. Paging Captain TightCoil STAT.

[Patswil]

PPS should be $325/share

[stoxjock]

Yes. Previously many here said overturning that case will mean we willhave much better outcomes in the court cases! Just heard on CNBC that it got overturned by SCOTUS. Great news,hopefully our cases will have better outcomes using this precedent now. Add his to JB's disaster in debate yesterday, I am adding substantially today...

[RickNagra]

Supreme Court delivers blow to power of federal agencies, overturning 40-year-old precedent https://www.cnbc.com/2024/06/28/supreme-court-delivers-blow-to-power-of-federal-agencies-overturning-40-year-old-precedent.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard

[Patswil]

Chevron overturned

Any implications for us?

[KenKong]

Yelp! Just say that news scroll

[Brooge warrants cancelled]

did someone here say the chevron case will affect us?

chevron was just overturned

[RickNagra]

$5 by blueberry season. Blackberries and strawberries excluded.

[krab]

My friend, for me $200/share, with $3 annual dividends and I will be happy camper for now !!
Ignore does $1000+/share, yes its possible after 5 years without the GOVT deep claws & intrusions into FNF.

[trunkmonk]

When is the last time there was a 10% up day here. Let’s close above 10%. Nice way to begin 4th of July✝️✡️🇺🇸🏁

[Boat Shoes From Yahoo]

Good Morning Warriors! Need I say more!

[EternalPatience]

Does anyone know what Gavin Newsom opinion and stand is on the GSE (Just asking for a friend) :) :)

[RickNagra]

Oh wow. Everything is up this morning including my you know what. It’s a miracle.

[Patswil]

Close over $2.00. ?

[RickNagra]

Oh wow. Did I just see $1.45 or was I dreaming again ?

[EternalPatience]

You find my 2.00 ask in the near term (next few days to weeks) more hilarious than the 1500 and 2100 $ expectations??

[TightCoil]

Come on, Fannie Mae - Going North on Friday
Make it A Freddie Friday, Go Freddie

[JOoa0ky]

Barron = Rodney

[Wise Man]

No sign of the annual testimony of Sandra Thompson in the calendar of the House Financial Services Committee.
https://financialservices.house.gov/calendar/

[Wise Man]

The one in charge of Affordable Housing is Congress, because is the one that pays for it with the tax credits.
FnF, hedge funds, housing developers, etc., just invest in the LIHTC offered by Congress annually.
FnF no longer subsidize the guarantee fee to low- and moderate-income families as mandated in the Charter Act, which was the center of the Public Mission related to Secondary Market Operations (section Purposes), not Special Assistance functions that were kept by GNMA (FHA) when it was spun-off from Fannie Mae in the Privatization Act of 1968 (Source).
Other Public Missions are obsolete, like the "Duty to Serve" ("promote access to mortgage credit throughout the Nation, including central cities, rural areas, and underserved areas").

It's unacceptable that now, as "activities for low- and moderate- income families" with "a return that might be less than the return earned on other activities" (Charter Act), the FHFA, as conservator, compels FnF to sell their NPL and RPL at fire sale prices because it includes a debt forgiveness string, to the hedge funds. This isn't part of the Purpose of the Charter Act about secondary market operations, and this isn't what the mortgage business is about either. This is simply, the sacking of FnF, and this is why Wall Street adores Sandra Thompson's secured deals. For instance, the winner bidder in the last 10 sales of RPL in Fannie Mae, was PIMCO, for 3 years in a row.

FnF's profitability is very small because the insurance business is more about volume. The Net Interest Yield (difference between what they earn and the cost of funding those assets) was 0.67% in Fannie Mae and 0.57% in Freddie Mac, during 2023 (Earnings reports). We don't know what the CFO of Freddie Mac is doing, as now, with the UMBS, there are no excuses about what Freddie Mac pays for its MBS like before, in comparison with Fannie Mae.
This is why the financiers can't be tasked with Affordable Housing, otherwise it goes to the detriment of their solvency and the reason what there is a UST backup of FnF at rates similar to Treasuries, expressly written as part of the Charter dynamics, that, no only no one wants nowadays, but also they refuse to honor it after being tapped in 2008-2010. What lies behind this lengthy conservatorship is an excuse to secure good deals for Wall Street.
There are other costs in the formation of the house prices, which is what affordable housing is about.
For instance, the Net Interest Margin in the United States banks stands at 3.3%. Different business.

[krab]

$2.00 ? Think big man LOL !!

[EternalPatience]

All I care about is going back to 2.00 tomorrow if what you say is the consensus opinion.

[ron_66271]

So stockanalyze;

You are behind the DD curve.

Not my job to educate you.
I gave you very important information to track regarding your investments.

When you understand the Derivative Market Meltdown of 2008, then you will understand.



Ron

[EternalPatience]

Barron 2 - No name 0

Go Barron

[TightCoil]

Yes...being Groomed for Release, it seems

[navycmdr]

FNMA: Fannie Mae guaranty book of business edges up 0.3% in May

[JOoa0ky]

More clowns on the payroll to decrease networth.

[skeptic7]

...and NOW you'll see why it's so important that the NWS was left in place. Let the pickpocketing begin.

[Viking61]

With the new FMCC program, Freddie will increase market share, volume and dollars to the bottom line.
Even though it will create more risk later and possibly stifle the real estate delema of having enough affordable housing. People will get second mortgages and fix up the house that they have because they can stay in their 3% rate instead of churning their house and moving up to larger or newer homes. However, Freddie has a huge new market in the second mortgage category $$$$$$$

[Donotunderstand]

somehow - this court in particular - makes me wonder how we do better when 100s of BIG and BIGGER decisions impacting all aspects of our life are made by 9 lifetime appointees under MQD

We need a working congress - and it is AWOL

[The Man With No Name]

“I thank the Committee members for their willingness to share their deep housing expertise with FHFA,”

What a clown show, here is one of Sandra's advisors:

Ozaa Echo Maker sits in her apartment at Bridger Heights in Bozeman where she lives with her 4-year-old daughter. Echo Maker is a single mom and suffers from a neurological disorder that keeps her at home. As a child, she was raised in the same low income apartment where she lives now.

https://www.bozemandailychronicle.com/news/economy/has-montana-really-solved-its-housing-crisis/article_ce7db0b2-8d6e-11ee-8445-b7c321deb752.html

[navycmdr]

FHFA Announces Inaugural Members of Federal Advisory Committee

on Affordable, Equitable, Sustainable Housing Diverse 20-member committee will

advise Director on housing needs & housing finance policies

IMMEDIATE RELEASE - 06/27/2024

Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced the inaugural members
of its Advisory Committee on Affordable, Equitable, and Sustainable Housing. The Committee will provide
non-binding advice to FHFA on how its regulated entities (Fannie Mae, Freddie Mac, and the Federal Home Loan Banks)
can best serve as a reliable and responsible source of liquidity and funding for housing finance and
community investment, including both single-family and multifamily housing.

“I thank the Committee members for their willingness to share their deep housing expertise with FHFA,”
said Director Sandra L. Thompson. “The wide-ranging factors driving the Nation’s housing affordability
challenges will be best identified and addressed with perspectives anchored in on-the-ground experience.”

FHFA publicly sought representatives from various fields to focus on an array of housing topics, including
fair housing, tenant advocacy, single-family and multifamily lending and servicing, affordable housing
development, capital markets, and technology.

Each Committee meeting will better inform FHFA's policy development, rulemaking, and community and
public engagement functions as described in the Committee’s charter. The Committee is advisory in
nature with members serving a term of two years. The Committee will convene for its first meeting this fall.

Advisory Committee on Affordable, Equitable, and Sustainable Housing:

-- Laura Arce, Senior Vice President, Economic Initiatives, UnidosUS
-- Nikitra Bailey, Executive Vice President, National Fair Housing Alliance
-- David N. Castillo, CEO, Native Community Capital
-- Ozaa EchoMaker, Leader/Organizer, Bozeman Tenants United
-- Ofo Ezeugwu, CEO & Founder, WYL.co (WhoseYourLandlord)
-- Lisa Gomez, CEO, L+M Development Partners LLC
-- Tiena Johnson Hall, Executive Director, California Housing Finance Agency
-- Alexis Iwanisziw, Senior Vice President, Policy and Communications, Inclusiv
-- Lark Mallory, President & CEO, Affordable Housing Trust Columbus/Franklin County
-- Michael Newman, General Counsel, Insurance Institute for Business & Home Safety
-- Pamela Patenaude, Principal, Granite Housing Strategies LLC
-- Sosseh Prom, National Housing Justice Director, African Communities Together
-- Janneke Ratcliffe, Vice President, Housing Finance Policy Center, Urban Institute
-- Paula Reeves, President, Affordable Housing Division, Land Home Financial
-- Sipho Simela, Founder/CEO, Matrix Rental Solutions
-- Debra W. Still, Vice Chair, Pulte Financial Services
-- Sheri Thompson, Executive Vice President, Head of Affordable Housing, Walker & Dunlop
-- Eileen Tu, Vice President, Mortgage Policy and Credit Development, Rocket Mortgage
-- John Wiechmann, President/CEO, Midwest Housing Equity Group, Inc.
-- Stacie Young, President and CEO, Community Investment Corporation

Visit FHFA’s website for more information about the Agency’s Advisory Committee on Affordable, Equitable, and Sustainable Housing.

###

The Federal Housing Finance Agency regulates Fannie Mae, Freddie Mac, and the 11 Federal Home Loan Banks. These government-sponsored enterprises provide more than $8.4 trillion in funding for the U.S. mortgage markets and financial institutions. Additional information is available at www.FHFA.gov, on Twitter @FHFAExternal link icon, YouTubeExternal link icon, Facebook,External link icon and LinkedInExternal link icon.

Contacts: MediaInq?[e-mail]

[stockanalyze]

i can't figure out, $ each may get and time it wraps up from the docket. since you follow it, you may have better inkling

[The Man With No Name]

Hey great comment thanks again. How is releasing the GSEs from conservatorship advocating for socialism? Hmmm. Also Treasury allegedly paid 1 billion for their equity of 1 million shares of senior preferred shares. The Jury already ruled on the LP as violating common law. Collecting the LP increased for free under the latest agreements would just trigger more of the same violations. Treasury received back all the money they loaned through the commitment thereby satisfying the requirement to protect the taxpayer. Calling the commitment dollar amount tacked on to the shares equity is just word play. I call it an illegal charge or fee attached to their 1 billion equity investment. If on the other hand Treasury bought 400 million shares of seniors your calling the outstanding LP equity might make sense. Thanks again for the comments.

It's not a loan and you ought to quit perpetuating this lie. What you're doing is what I'd call 'silent pumping'. I'm sure there are some naive people that read your comments and think you are right and every lawyer in all these lawsuits are idiots; the Collins decision means nothing; preferred equity is a loan and all this other nonsense you keep posting.

And they'll end up losing their butts because of it.

[navycmdr]

(and so did Fannie & Freddie but still held GOVT Hostage)

All 31 big banks subject to stress tests by the Federal Reserve passed the tests,
the Fed announced Wednesday. The stress scenario included a 36% decline in
home prices and an unemployment rate near 10%.

“This year’s stress test shows that large banks have sufficient capital to withstand
a highly stressful scenario and meet their minimum capital ratios,” said Michael Barr,
vice chair for supervision at the Fed.

Congress Ponders Partial Claims Program for VA on par w FHA, Fannie & Freddie

[e-mail]

A bill to establish a partial claim loss-mitigation option at the Department of Veterans Affairs,
bringing the VA home loan program on par with FHA, Fannie Mae and Freddie Mac, needs
some revisions, according to industry participants.

The House Committee on Veterans Affairs Subcommittee on Economic Opportunity recently
held a hearing that included feedback on H.R. 8647, the VA Home Loan Program Reform Act.

Flat Branch Home Loans CEO Karen Kreutziger Powell, testifying on behalf of the Mortgage
Bankers Association, welcomed the legislation, calling it “a standard, simple and time-tested
foreclosure prevention solution available to borrowers in other federal housing programs.”

Powell suggested some changes to the bill. For example, she said VA shouldn’t require the
borrower to repay interest on a partial claim. “No other government program requires a
repayment of the partial claim with interest, and we urge amendments to the bill to achieve
parity with other federal housing programs.”

John Bell, executive director of the VA Home Loan Guaranty Service, said the agency doesn’t
support the partial claims bill without amendments.

[Barron4664]

Hey great comment thanks again. How is releasing the GSEs from conservatorship advocating for socialism? Hmmm. Also Treasury allegedly paid 1 billion for their equity of 1 million shares of senior preferred shares. The Jury already ruled on the LP as violating common law. Collecting the LP increased for free under the latest agreements would just trigger more of the same violations. Treasury received back all the money they loaned through the commitment thereby satisfying the requirement to protect the taxpayer. Calling the commitment dollar amount tacked on to the shares equity is just word play. I call it an illegal charge or fee attached to their 1 billion equity investment. If on the other hand Treasury bought 400 million shares of seniors your calling the outstanding LP equity might make sense. Thanks again for the comments.

[ron_66271]

Watch the Docket.

https://www.docketbird.com/court-cases/In-re-Libor-Based-Financial-Instruments-Antitrust-Litigation/nysd-1:2011-md-02262



Ron

[MoCubano]

A fool with foolish comments.

[RickNagra]

Oh wow. He who puts his hands in the honey eventually licks his fingers.

[Donotunderstand]

stock

the GOV no longer gets CASH ---- which it did for years and years

So - indeed - IMO - Biden could do it right now (as could of DJT for two years minimum) ----- and as noted prior - WHILE the GOV holds the potential 80% it should tell FHFA to suspend the guarantee free and cut mortgage rates by 1/2 point over night

[Donotunderstand]

yes - letting the obligation fade is bad politics - D and R

but - the PR is - we (Treasury - Obama Trump Biden) got 300B on the 200B ---- and in my guess of the future they still hold the right to 80% of the company with no further investment - i.e. 100-200B more profit over 10 years

so it is not forgiven - it was paid off -- in the PR