Fannie Mae-No Politics (FNMA)

[stink stack]

Big Buys? Maybe we will have a WHALE of a time tomorrow!
Go FNF!
BOOM

[FNMAstalker]

https://www.tiktok.com/t/ZPRwy6Wg7/

[jcromeenes]

No earnings surprise for us then!!!

[jcromeenes]

Seeking Alpha says $0.00 EPS. Of course we know that's because the sweet and they aren't giving credit for the earnings but how many readers DON'T know that?

[FNMAstalker]

Interesting what posted on my E*trade account today:

FNMA new earnings news is available
9:01 AM ET 04/26/2024
FNMA, (Trade) has reported earnings of -2.29 per share versus last year's earnings of -2.57 per share.

[TightCoil]

It starting to look like Fannie and Freddie are reversing
the several recent days in the Red. (he said, i hope)
FNMA closes at $1.52 up 6 cents on 3.1 million shares,
and bounces off low of $1.44 - Nice
FMCC c;loses at $1.44 up 6 cents on 1.8 million shares,
and bounces off low of $1.37 - Nice here, too

[nagoya1]

That sounds great if only Aldomovar was in charge of the GSEs, the problem is with can’t eat enough rubber chicken served at luncheon Sandra.
There’s nothing that fnma-fmcc shareholders can do with all of the ESG Biden BS going on.
Wonder if Sandra decides to open a new fhfa branch- all you can eat rubber chicken meals for all FHFA simili workers.
In the meantime, lI want to enjoy more seaking alfafa articles from the fanniegate zero.
Fnma

[RickNagra]

There were a lot of big buys in the last one hour of trading. Some of the blocks were for 100,000 shares. I wonder what is going on. Are we expecting a surprise at tomorrow’s earnings ? Will Aldovar say something juicy meaty tender succulent delicious mouth watering ?

[jcromeenes]

"The consensus estimate is $0.00 EPS." Come on. At least give us credit for the EPS, even if the gov't is going to steal it all.

[Golfbum22]

Sherwin is showing up again

will we hold $1.50??

go FnF

[Viking61]

Must be selling his preferred’s

[The Man With No Name]

There are a lot of them here. They must want to remain in conservatorship forever.

[trunkmonk]

yes but think of it the way i do, especially when they are wrong, which happens to be in the favor of almost everything for years, and is whey commons are coming back up to where they were before all the recievershipshit started, above 4 dollar. anything above zero will look good, real good.

[Guido2]

I don't expect Seeking Alpha to post my comment. I question the author's knowledge of consensus and EPS.

[TightCoil]

This also from Seeking Alpha:
Federal National Mortgage Association: The Bulls Are In Control, Buy

[Boat Shoes From Yahoo]

Good afternoon Warrior! His post are for entertainment purposes only. AKA the voices ibis head!

[RickNagra]

https://seekingalpha.com/news/4095634-fannie-mae-q1-2024-earnings-preview

[TightCoil]

Strong Buy for Fannie and Freddie
Anything under $2.50/share is a STEAL

[clarencebeaks21]

Sure, here is the Collins v Yellen link as requested.

https://www.supremecourt.gov/opinions/20pdf/19-422_k537.pdf

[TightCoil]

Take Note:
The pps spread between FNMA and FMCC
is NOW only 7 cents - Forks, something
big is about to take place...don't let the
boat leave without you, and YOU, and yes, EVEN YOU!

[TightCoil]

RAISE THE ASK
FNMA/FMCC
RAISE THE ASK

[stockanalyze]

you will never get a reply as this 'secret plan', 'on presidents desk' shit is all cooked in his own head. you read this shit?

[RickNagra]

Benjamin Moore on deck.

[stockanalyze]

you have told us before that you sold it all. zero credibility. good luck, we see a lot like you.

[Barron4664]

Hi Clarence,

It is quite a confusing situation to wrap one’s head around. There are 3 laws, and 3 potential roles for a Director of FHFA to play. First the Charter act privatized the former gov agencies and created FNMA. The safety and soundness act of 1992 established the framework for regulating the GSEs. Finally HERA came along and modified both the charter act and the safety and soundness act. HERA replaced the original regulator with the new “independent agency” FHFA. The Director of FHFA priority role is to regulate the GSEs based on the requirements enumerated in the statutes. This role of the Director establishes regulations required of him such as the Capitol rule, and new products rule. The Director in this role also issues reports and is supposed to provide in writing, permission for the GSEs to make a capitol distribution from the retained earnings account if the retained earnings account is below the statutory minimum. Thus all of these requirements of the director must follow the Administrative Procedures Act. In other words, the Directors role as regulator is Administrative and subject to potential APA claims. HERA also allows the Director in the regulator role to appoint himself as either a receiver or a conservator of the GSEs. The role of receiver is subject to the enumerated actions in the statutes to achieve the end result of liquefying the GSE. Therefore there is no guesswork to achieve the result. The law states exactly what a receiver is allowed to do. Finally, HERA allows the Director as Conservator to take any action necessary to put the GSE in a sound and solvent position and benefit the FHFA itself. Unlike a receivership, the final result of Conservatorship can’t be guaranteed by statute. It is necessary therefore to provide the Conservator the assumption of correctness in the actions that he takes to achieve the goals of rehabilitation of the GSEs and benefit the FHFA. Congress includes the anti-injunction clause only for the actions taken by the Director acting as Conservator. All of the courts have ruled that only when the Director acting as Conservator acts ultra-vires will a court step in. They have ruled that the Conservator has not acted ultra-vires. To date there have been no legal claims against the Director as regulator for violations of other laws.

[skeptic7]

Make it 10.
Royce is not who you think he is.

[Donotunderstand]

ok
I agree - i post too fast and sloppy

will add discipline -- at least for a while

[FFFacts]

Been saying it for years the lawyers have their ideal client, rich clients. Lawyers are smart enough to extract as much as possible.

[FFFacts]

Post judgment interest will have almost no effect.

[FFFacts]

The gubmint has done a number on you as you are thinking about this well into the night.

[FFFacts]

Can you write in English and use decent grammar????? No one can understand you. ??????

[Viking61]

Well, we are completing another and larger Bull Pennant also!

[FFFacts]

No this is something else.

[2dollarbill]

Yes every price change has nothing to do with who's buying or selling. It's all based on the polls.

[FFFacts]

No you are not buying you have no money.

[Donotunderstand]

thank you
can you relink - if each case is listed
otherwise - bluntly - I will think and believe ALITO made a mistake as I hate him anyway

[Donotunderstand]

question in April 2024

if things are as black and white as you note --- APA not followed

why no lawsuit - (maybe due to focus on NWS)

can this still be SUED - civil or criminal or - ?????? or is it too late

and if yes - can you contact our lawyers - pick any that are winning and would take it on contingency - maybe by now as class action

[tutt1126]

What is going on with pps?

[Boat Shoes From Yahoo]

Wiseman, Will DJT have access to the “Secret Plan”? Or is this ONLY for the current President?
(Asking for a friend).

[Patswil]

Hello? $1.55

[FNM500K]

Very much appreciated !

[clarencebeaks21]

You’re confusing the law with its case-specific application to facts. I was only discussing the former because the original poster made the assertion that actions of the conservator could not be questioned, which is a false statement.

Again, and as I said twice before, read page 12 of Collins and you’ll see every circuit ***to review*** 4617f agreed with the statement of law I posted.

[Fannie Heyyyyy]

If your selling, I'm buying. Good Karma for F&F

[Rodney5]

The Administrative Procedure Act (APA) is a federal act that governs the procedures of administrative law.

Director Regulator / Conservator two different positions. Strangely enough Director Lockhart Regulator, and Director Lockhart Conservator held both positions as Regulator and Conservator at the same time.

The Senior Preferred Stock, with a variable liquidation preference outlined in the SPSPA and its amendments and share certificates is a new product for the purposes of the Safety and Soundness Act of 1992 as amended by HERA.

Congress directed the Director of FHFA to apply the Administrative Procedures Act to the new products sold to Treasury. The FHFA did not follow the administrative procedures congress required in the plain language of the safety and soundness act.

The Director of FHFA as regulator violated the safety and soundness act and the administrative procedures act by not following the statutory duty to approve new products issued by the GSEs to Treasury for the purpose of stabilizing the secondary mortgage market.

The law required the publication in the federal register of the SPS with their variable rate liquidation preference tied to the commitment. It requires a public comment period, and a rule making process to make the SPS legal. It is the same law that required the capital rule. And the same law that required FHFA a year ago issue the new products law for MBS products. They have ignored this requirement for 15 years.

Director Lockhart Regulator, and Director Lockhart Conservator. Holding both positions as Regulator and Conservator; Conservator Lockhart is required by law to file notice to himself as Regulator.

The Safety and Soundness Act required Director Lockhart as regulator not conservator to approve a new product issued by Director Lockhart acting as conservator FHFA-C (SPS with variable liquidation Preference) to Treasury under the terms of the SPSPA for the purpose of carrying out the secondary mortgage market. He was required as regulator to file notice in the federal register, seek public comment and issue federal regulations for the new product we call the Senior Preferred shares sold to Treasury.

HOUSING AND ECONOMIC RECOVERY ACT OF 2008
Page 2689
SEC. 1321. PRIOR APPROVAL AUTHORITY FOR PRODUCTS.
Link: https://www.congress.gov/110/plaws/publ289/PLAW-110publ289.pdf

[JOoa0ky]

I'll still have 75% left, don't I still qualify?

[Donotunderstand]

hhmm
boy does that sound right

[Donotunderstand]

the return to Lamberth - to quantify and finalize damages - was sent to Lamberth by SCOTUS - upholding that small part of the EN BANC ruling

[Donotunderstand]

not sure every circuit - appeals court - agreed

now if you add - EVENTUALLY -- that might be a different story

we - plaintiffs for equity would never have asked for or needed and then received an EN BANC hearing and ruling if the first three judge panel of that circuit - appeals court had ruled for plaintiffs. So that circuit first dais nope to us - then the total court said yup - if FHFA exceeds the law then courts can come in - despite the courts not allowed sign on the fence (written into HERA)

[Rodney5]

Seems odd?? It’s been explained, not odd at all… The fact of the matter the lawyers got it wrong.

Barron4664
09/20/23 9:36 AM
Post #768746 on Fannie Mae (FNMA)
The problem is not with the rulings of the courts. The problem is and always has been that the plaintiffs attorneys have only challenged the “Actions of the Conservator” such as the NWS or other provisions of SPSPA which is a contract. 4617f bars courts from questioning the actions of a conservator. As it should. None of the 15 + years worth of court cases have challenged the action of the FHFA as regulator or Treasury with respect to the statutes that actually matter. The charter act, safety and soundness act, chief financial officer act, etc. To get a takings or an illegal exaction verdict, you have to show that the gov broke the laws. The actions of the conservator cant break a law. But if you go before a judge and say the SPSPA is bad and the gov stole our companies and limiting the argument to the specifics of the SPSPA agreement and the amendments you get 15 years of no results.“ End of Quote

[RickNagra]

Good bye. Thanks for coming. Close the door on your way out. I will cross you off the Vegas party list at the Wynn.