Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
FHFA passes a rule and must require an act of congress to reverse which implies that the rule is equivalent to legislation.
The FHFA was established as an independent agency. SCOTUS ruled that the director could be removed at will. Shouldn't that imply that the director serves at the will of the president?
because the agency is run by a single director and not a panel, the agency is no longer an independent federal agency.
That interpretation reads far too much into the term “in-
dependent.” The term does not necessarily mean that the
Agency is “independent” of the President. It may mean in-
stead that the Agency is not part of and is therefore inde-
pendent of any other unit of the Federal Government. And
describing an agency as independent would be an odd way
to signify that its head is removable only for cause because
even an agency head who is shielded in that way would
hardly be fully “independent” of Presidential control.
So, I don't think the agency has the same status after the SCOTUS ruling as before. How do you define it? Is it an executive agency that is independently funded? Whatever it is, no one has bothered to question it or update any rules, laws...etc.
From what I understand they are involved with like 60% of bank mergers so they aren't exactly huffing gasoline.
"Without the Treasury making a concession (either a write-down or a conversion to common) of its senior preferred position, the current shareholders will have no value," KBW said. "And even with a conversion to common, which we think is the most likely scenario, the common shares are likely to be diluted down to close to zero."
The preferred shares might have some value, but that is dependent on how the government restructures Fannie and Freddie, the report continued.
Here’s something to ponder: I just read a clip from Paul Mampilly in January. Where he thought that the Government was getting close to turning back on the preferred dividends in a form of re normalizing the Twins. Would that basically solve the preferred’s problem?
If that happened what then would the common’s price be? $100- $200- $300 or as Stock analyze thinks $1,500?
Paulson is a preferred holder not commons.
Trader I know at Freddie has indicated to me 2028 is the year he's been told to expect to have the capital to exit conservatorship.
Compliance with the regulatory capital requirements can be ignored until 2028 at this point in time.
Stop conflating a regulation with the law.
The current capital rule is a regulation. It is purely at the discretion of the Directorto set the risk based level once the APA requirements are satisfied.
There is nothing stopping the Director from proposing to set a revised risk based level at say 2.6%, have a public hearing and comment period and publish the new rule in the federal register.
Obviously it is entirely possible to do what dajester wished for.
If I were to file a lawsuit, there would be a TON of prep work prior to filing. I don't need to do all that prepwork just to respond to IH posts however.
It is very difficult to successfully sue a government agency. However, this does not mean it is impossible as we have now seen.
If the FHFA makes another egregiously bad agreement while in bed with Treasury, I expect FHFA will be sued... again.
Whether it's successful or not, or how long it takes is another story
Because FHFA doesn't pay a cent does NOT mean they have carte blanche to making additional agreements that violate the GSE covenant with shareholders.
They have been put on notice, so if FHFA does it again - the courts may grant a contract remedy instead of or in addition to monetary?
Right, why would they possibly want any of the capital taken from the GSEs over the past 15 years to do anything useful. Like say, ummm. Pay off the SPS - Shares that can't be legally paid down.
There is no need for a fact check of every detail, or hyperlink, or for me to go to the court house to file some paperwork in order to express an opinion.
1) In what court would the suit be filed, and why? - Could be anywhere, pick one. One or more may get to SCOTUS again.
2) Which law was/would be allegedly violated? - Depends on future FHFA actions. Another breach of implied covenant seems likely. Could also be a takings. Could be a injunction or prospective relief request to prevent share increase.
3) What would the plaintiffs seek as remedy? - Depends on the suit obviously. Damages from profit sweep to LP. Damages from cash sweep after capital threshold is reached. Could be a monetary remedy or a contractual remedy.
4) Given what has happened in all the other court cases, what reason is there to believe this new suit would succeed? Because one has succeeded.
5) How long would it take, in light of the government having fought every other case tooth and nail, for the suit to ultimately succeed? Don't know, but likely less time than the first win.
So for you to call out others for their predictions, you should also come to realize you are doing the exact same thing.
Not officially released
It would be a great estate planning move for John Paulson?
real777mellon is the Real Deal! Lots of interesting insights and knowledge!
Have we been officially released? If so, why isn't the stock flying?
8-0..proves otherwise
Yes, but the US Gov't owns FNMA! lol.
thanks for that Augie doggie🐶
Once $1.59 breaks through then it’s off to mid $2s’
Taken a while but she’ll get there
For those on the 20
Delay we hit $1.50. Down at 1.47 now
It was Trump FNMA bonds that I knew of not commons
if x and social media could get a story out on how the gse's would help more houses being built, better loan rates, and a housing market free from government control,
I could see this turning into a AMC reddit movement and force the gov't's hand to release the gse's.
YES YES
I have argues such for months and years - to each President
IMO Reality is F and F (free) do not have the biggest stick in reducing cost of mortgages-period
But as noted before a SPLASH - GOV will not charge its usual FEE - no fee - suspended for one year - to LOWER cost to almost every buyer would IMO stimulate activity and be a super PR win
I will say ---- I 100% disagree that F and F being in conservatorship has LED TO THIS HOUSING Crisis --- that is the FED and a free market where - without some GOV hand out - builders will never build lower cost-price houses when they can maker more money in a free market by building higher cost - price homes - for which there is still a huge market. This is not GREED this is Fair Market Capitalism. Those of us who lean left - inside democracy and free markets - would LOVE to see GOV hand outs - help to those builders (but that action will be called Socialism or Communism and those not getting help will bitch "THEY THEY" (immigrants - minorities - lazy - patronage) get it all - even when designed say on a lottery !!!
Gosh damn you, you just had to say something!
But but but
Bradford told us this is a Biden trade and happening soon..
Oh wow great find! Paulson owns FNF common I had no idea.
BRAVO.
The FHFA will have its motion for JMOL to override the verdict, forfeited.
It was submitted on Friday.
(*) Pending to know what the judge has to say in a reply.
#FANNIEGATE ATTYS DRAMA TV SERIES
— Conservatives against Trump (@CarlosVignote) April 17, 2024
7th amnt:"No fact tried by a jury shall be otherwise re-examined in any Court",blasts an attempt to appeal a jury issue already decided.
Only a JMOL Rule 50(b),which needs 50(a):same sufficiency-of-the-evidence arguments w/ oral motion?
Forfeited https://t.co/AcdRN7ctRQ
It's inevitable. It's a necessary step to the next 30+ years of housing/financing housing in the USA. The Banks want it more than we all do.
Paulson's funds hold common Fannie Mae shares: https://seekingalpha.com/article/4030454-fannie-mae-why-i-sold-preferred-and-own-common
Paulson is a preferred holder not commons.
Not sure if anyone reported so just sharing a 15 April 2024 Yahoo Finance article which names Paulson the front runner for Treasury Secretary. #TrumpTradeGSEs this is great news. Previously Trump mentioned Paulson in his NH Primary victory speech where Paulson was in attendance saying (Paulson) "would make a great Treasury Secretary" - we know Paulson holds a lot of $FNMA $FMCC shares. I see this as great news for us all. Get out and vote.
From What Trump is signaling with his possible Treasury and Fed picks- Yahoo Finance - 15 April 2024:
Billionaire hedge fund manager John Paulson appears to hold, for now at least, a prime position in the effort to become Treasury Secretary among a variety of finance figures.
3yr chart test $2.38
I answered my own question
Are we ready to fly?
Should be above 1.50 🌵🛹🇺🇸
Selling pressure looks to be running out. Looking for Green tomorrow!!
Can you break this down to better explain what this is?
The number of cases that we have seen, no body on earth would have seen. Even if we hypothetically get money, they will put it into the kitty and act as if nothing happened. We have seen this before
Someone please ask TP why the govt deserves the warrants?
They were collateral
He is giving away just to get his preferred paid is why
It’s ridiculous bs to keep saying this
Duh
@Sammy Boy I need a good reason to buy a stock don't just throw a few out there that are on the top of your mind after they hit 🎯 a 52 wk hi🎯🌵🛹🇺🇸
Because the dems told him to wait for the election so they can use this as rah rah bs
Has anyone checked pacer for any court fileings 🌵🛹🇺🇸
Back to the mattress along with the FNMA share certs
4/16/2024PROPOSED PROTECTIVE ORDER. Document filed by FDIC, as receiver, Federal Deposit Insurance, The Federal Deposit Insurance Corporation as Receiver, The Federal Home Loan Mortgage Corporation.
04/12/2024***NOTICE TO COURT REGARDING PROPOSED ORDER. Document No. (4013 in 1:11-md-02262-NRB, 884 in 1:11-cv-02613-NRB) Proposed Order was reviewed and approved as to form. Filed In Associated Cases: 1:11-md-02262-NRB, 1:11-cv-02613-NRB (Text entry; no document attached.)
Does anyone want to ask Rand Paul why he was written that letter, out of the blue or what he did with that letter from Trump (post courts)? I assume he used it in his powder room eventually...
@Sammy Boy go buy DRV it will go over 100 in the next 2 or 3 months then buy yourself a bowl of spaghetti 🍝😋 don't forget to tell them with meat sauce 😁🌵🛹🇺🇸
He can't say that out? He needs a mouthpiece?
Just noise
Releasing the GSEs from conservatorship into an offering, with a consent decree defining their allowable ROE, periodic commitment fee, etc, would go a long way towards helping @POTUS address #HPI, the @federalreserve manage their MBS rolloff & in supporting market liquidity.
— joshua rosner (@JoshRosner) April 16, 2024
Creativity for funding dictates that most of the consideration- A Rosner type plan- monetize warrants to jumpstart housing supply https://t.co/ob1VcSUJxi
— Tim Pagliara (@timpagliara) April 16, 2024
The Sen Banking Subcom on Housing, Transportation & Community Development held a hearing on the challenges facing U.S. #housing stock. Chair Tina Smith stated that full Committee Chair Sherrod Brown is very eager to move forward with a set of housing bills.
— ACG Analytics (@ACGAnalytics) April 16, 2024
Followers
|
2319
|
Posters
|
|
Posts (Today)
|
61
|
Posts (Total)
|
799137
|
Created
|
07/14/08
|
Type
|
Free
|
Moderators not one red cent ~NORC~ stockprofitter Ace Trader jeddiemack FOFreddie Wise Man |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |