Fannie Mae-No Politics (FNMA)

[Patswil]

Because they’ll be paid first

[JOoa0ky]

You could just play for both teams.

[RickNagra]

Preferred shares are doing much better than us today. Any reason ?

[NeoSunTzu]

Its going to be a long slow climb ... there are plenty of people in this trade that are completely fed up who will continue to take profits with every next step up until someone comes out with real news or support for release ...

[RickNagra]

Goodbye gains from this morning. It was nice to meet you.

[MoCubano]

Like clockwork some fool shows up to regurgitate some stupid comment!

[Golfbum22]

Vegas odds for today for FNMA

place your bets for closing price today

Odds for $1.49 are a -1 million favorite

meaning you have to bet 1 million to make 1 dollar

sponsored by SW, our favorite MM bankster

LOL

[RickNagra]

Like clockwork here comes the big drop.

[stockanalyze]

some here on meds are peddling lies that congress is needed. it is not. congress did not do nws or conservatorship. just a delay tactic and politics as they well know congress is non functional

[Patswil]

It obviously didn’t get hit that. My Schwab shows HOD $1.55. It would have triggered many sales

[Wise Man]

The POTUS wasn't charged with the release from Conservatorship.
None POTUS.
The Dodd-Frank law of 2010 mandated the UST to come up with recommendations for the release (end point) in early 2011:
▪️ A 3-option Privatized Housing Finance System revamp,
▪️ Guarantee fee increases,
▪️ Basel framework for capital requirements ("held to the same capital standards as the fully private banks"),...
Thus, we are waiting for Congress.

Quit repeating the PR campaigns from Bill Ackman and Pagliara, the peddlers of the Government theft story, who stick to

This is now 100% a Trump trade.

, because they foresee a backlash from investors for their plan of deception.

[stockanalyze]

-chevron: agencies like fhfa does not have power anymore to do whatever they want and can be challenged
-a president : has the power when in office to do the right thing and cannot be challenged

decide where this may go.

told ya that solution may come from a place that we didn’t think of. right thing always happens, matter of time. i have lost a lot of hard earned money due to their actions, where is the justice?. $2100 down to $0.40 in 16 years. will they give me back my losses, lost time? sad.

[stockanalyze]

i am always reminded 'nothing good lasts forever and nothing bad lasts forever'

[RickNagra]

$5 by blueberry season.

[EternalPatience]

1) Do you re-use contents from prior posts and cut and paste as needed or write long posts every time ?

2) do not self quote yourself as reference (Carlos's tweets)

[jog49]

"bill, where is this going wearing your lobbyist hat as this is all political now"

Why didn't you ask me so I could answer NOWHERE? For the most part, the only people interested in having something beneficial done with the GSEs are reading this post. My neighbors know of my investment situation and they don't give a damn. It's no skin off their noses, even if it involves overreach by an out-of-control government.

[NeoSunTzu]

It astounds me how you think anyone can make any sense of this rambling gibberish. Ipsum lorem reads like great american prose next to this nonsense.

[TightCoil]

Fannie and Freddie

GREEEN Money-Makin' Masheens - Don't Hold back - Load up
and
HOLD FOR THE GOLD

[stockanalyze]

it will also show $2100 at some point. and i am not a cat . lol.

[TightCoil]

Raise The Ask - They will gleefully Pay

[jcromeenes]

Maybe "Dip heavily on this buy?" lol. Enjoying the green.

[RickNagra]

Calling all whales.

[Guido2]

Going to send attached to politicians and media. Would appreciate likes and reposts.

@elonmusk @BillAckman @GaryHindes @Carl_C_Icahn

My Senator @SenAlexPadilla did NOTHING about @FHFA 's fraudulent "temporary" conservatorship of @FannieMae & @FreddieMac and the $301 billion swindle of their equity.

He now laments restrictions on rogue government agencies!!! https://t.co/xNgjj0f5kQ

— Guido da Costa Pereira (@GuidoPerei) July 1, 2024

[Viking61]

You need to buy heavily on this dip!!!!!!😄

[stink stack]

Once the Lemmings digest today's SCOTUS ruling the buying FRENZY will begin..... ;)
BOOM
CHOO,Choo

[FOFreddie]

Hi Donot - what do you think about the idea of placing the GSE equity owned by the UST and use it as the first loss piece of a $ 3 trillion housing investment entity. UST invest $ 300 billion and private investors invest $ 2.7 trillion. Work with local jurisdictions to build new housing units for 20 years to build and resale housing units to cover the $ 3 trillion investment plus interest expenses. Something like this was proposed to the Obama Admin in the 2012/13 time period I believe?

[jcromeenes]

Since that ruling was overturned I really haven't seen any discussion of how that might impact the GSEs. Normally a decision like that fires up the board, articles are written, etc. Seems it's been awful quiet since. Sort of shocking actually.

[skeptic7]

A ruling long overdue for sure, but in the case of the GSE's it will have little to no long term effect on the plight (and thereby the price) of the GSE's.

[Guido2]

The glitches could turn to reality. I have good-till-cancelled orders for a thousand shares at $100, $200, $300, $400 & $500.

[Patswil]

Chevron baby

[jcromeenes]

Next time you see that, I authorize you to sell my shares for that price. 😀

[jcromeenes]

I get that but we have lost out numerous times on homes when someone said they would simply write a check(cash) while we had a pre-approved loan - still cash to them. I'm not a realtor and don't know the WHY but we, and numerous other folks I Know, have lost out countless times on homes we have bid on when someone comes with their cash offer - not uncommonly lower than our bid. There is something more attractive to the sellers when it comes to the cash offer. Less likely for fall out of escrow? I don't know. Just the way it is.

[heanza]

Oh, I tried, I tried.

[RickNagra]

Oh wow. You should have cashed out.

[heanza]

Anybody else see a glitch on Schwab? For 2 mins FNMA was $187.77 and I was worth $5.6M. Back to work now :(

[Donotunderstand]

????

buy them for cash

as a car salesman told my DAD in 1964 (I was there at 13) -----when my dad said "" I can pay in cash !!" ----- at the end it is all cash money (yes today the dealership might like avoiding the 3%)

investors use cash --- but so does everyone who uses a WIRE at closing - it is 100% cash to the seller

And the investors CASH is not 100% equity capital (they would be crazy to waste capital that way) --- it is cash as raised by them (investors) from bonds and who knows - maybe even F and F

[Donotunderstand]

We all know DJT released FNMA last time (and he won the election)

email me - I have 3 bridges I need to sell

[RickNagra]

Closing price $1.57 today.

[Patswil]

I told them 2 weeks ago

[jcromeenes]

approximately 35%
In some states, the share of homes being purchased by investors is through the roof. California ranked the highest at approximately 35%.May 17, 2024

Home buyers struggle to become owners, with investors now ...

Moneywise
https://moneywise.com › Real Estate

[jcromeenes]

approximately 35%
In some states, the share of homes being purchased by investors is through the roof. California ranked the highest at approximately 35%.May 17, 2024

Home buyers struggle to become owners, with investors now ...

Moneywise
https://moneywise.com › Real Estate

[Donotunderstand]

So ---- do these corporations - investors - use F and F --- (i.e. use banks that then sell paper to F and F) ?

Could be very interesting !!! A new role for F and F - in anti concentration monopolistic behavior

hhmm

Or so these "players" issue debt based on the TOTAL value of their corporation (lower by far interest rates when backed in the AGGREGATE like this --- mini F and F minus the G Fee and admin of F and F )

They would clearly leverage - not use 100% capital --- but if their DEBT (to leverage) is issued by THEM directly to investors - that adds a wrinkle as intervention then is also intervention to benefit the monopolies of F and F ?

[Donotunderstand]

Did not watch the video -- and overall the article uses subjective words but seems middle of the road ?

Data here - in this article is higher (I do not know the bias if any of the source)

Does seem that the "problem" ;is concentrated in a half dozen states - including CA

https://todayshomeowner.com/blog/guides/are-big-companies-buying-up-single-family-homes/

[Donotunderstand]

reply from Explorer search -

Percentage of houses owned by corporations:

Large corporations made up around 3% of American home sales in 2021(1).

Institutional operators own around 0.73% of the total U.S. single-family housing stock(2)

Large institutions own roughly 5% of the 14 million single-family rentals nationally(3.)

The above numbers and percentage ratios are more in line with my understanding of the impact - on average. If it far worse in one state - someone should sue.

[Donotunderstand]

If the ownership is 35% --- and if that owner (the monopoly) behaves in ways that violate our Anti Trust Laws (Sherman - Clayton - FTC) it would be non competitive behavior and a court case against them would prevail

I did not know the level of corporate ownership had hit 35% anywhere

Yet - nothing is in my control - and again - if the concentration results in violations of the competition requirements of US law (which has varied back and forth for 80 or more years) --- they should be sued by a "hurt party" (a renter) or the FTC

[RickNagra]

I wonder if the same situation applies to Calamari.

The SEC filing also included a section that read: “Check the appropriate box to designate whether you are a cat.” There was an “x” next to a response that read: “I am not a cat.” This line was included in Gill’s statement in a series of congressional hearings about 2021's GameStop trading mania.

[RickNagra]

We need Roaring Kitty to help us out one of these days. Everything he touches turns to gold.

Chewy shares rally 20% after SEC filing reveals Keith Gill has 6.6% stake https://www.cnbc.com/2024/07/01/chewy-shares-rally-20percent-after-sec-filing-reveals-roaring-kitty-keith-gill-has-6point6percent-stake.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard

[JOoa0ky]

Never have I ever seen a man so enamored by another who wasn't a love interest.

[TightCoil]

Good Reason To Hold For The Gold

[Wise Man]

All the FHFA directors could have been fired on the spot at any time "for cause", because of the multiple statutory violations, beginning with the issuance of $1B SPS for free on day one, that reduced the core capital in the same amount, both a capital distribution restricted (like today's) and a breach of the conservator's Rehab power.


Then, allowing dividend payments that deplete capital or even prompted the losses and the need to tap the UST for Equity funds (SPS) in numerous occasions, during a Conservatorship established for Critically Undercapitalized enterprises.
SPS LP "increased", instead of SPS "issued/purchased" in order to evade the December 31, 2009 deadline on purchases in the authority of UST.
Etc.

Unless there is a Separate Account plan using the exceptions to the Restriction and the Incidental Power of the conservator, better known as the Zing! power, "any action", and, in truth, they were assessments sent to UST through a separate account, 1989 FHLBanks-style.

This conspiracy went wrong since FnF pay dividends on SPS, not interests, and thus, as dividends are restricted, the entire assessment was applied toward the exceptions to the restriction in order to legalize it. Fist, repayment of SPS, then the Recap habilitated by DeMarco (The fixed-it man) in the July 20, 2011 Final Rule (exactly the date of Time Limitation as Acting Director -FVRA-, which shows intentionality to make this follown-on plan enforceable) CFR 1237.12, and not like the FHLBanks that had to pay first a $300 million annuity in interests on RefCorp bonds (10% interest rate with a 0.299% spread over Treasuries at the time -GAO report-), the rest is what repays the principal of the bond, unless what they did instead, was to use the excess amount to pay the 40-year interest-only installments sooner, when the law states that it should have been applied towards the payment of the principal sooner. Oops!


"Completion of the RefCorp obligation", the FHFA solemny announced in 2011 (Source). "The FHLBanks fulfilled their obligation to pay interests."
The $30B principal, max. legal amount tapped by Sandra Thompson at the FDIC at the time, with DeMarco at the auditor GAO, was still outstading, until $SVB came along.

The cumulative dividend rate on SPS has been estimated at a weighted-average 1.8% rate, with a 0.5% spread over Treasuries in each quarterly investment in SPS and taking into consideration the partial quarterly repayments, complying with the original terms in the UST backup of FnF in the Charter Act.
Although it's netted out with the interests that the UST owes to FnF on the $152B cash refund due.


Both schemes are so similar, that the NWS dividend was enacted when the 10% dividend prompted the losses mentioned before, in order to capture the

any FHLBank with a net loss for a quarter is not required to pay the REFCORP assessment for that quarter

, in this excerpt taken from a FHLB's Earnings report at the time explaining the entire scheme:


BOTTOM LINE
They were assessments sent to Treasury under the guise of capital distributions, 1989 FHLB-style. But the 10% rate back then, can't be a rate during 2008-2010.
There is no "contract" or "dividend obligation".