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And 35 of them are from you and Crappy Day!
Take a break, your posts offer nothing !
Ongoing 3rd phase of the Separate Account plan.
The Common Equity (Retained Earnings acct) is swept to UST the moment it's substituted in the Net Worth (Equity) for SPS LP increased for free (we can't see this effect either in this table and in the Balance Sheets, because all this SPS LP increased for free and its offset, are missing. Financial Statement fraud).
Necessarily, this CE is held in escrow, pending unwinding this operation (A joke "in the best interests of the Agency": FHFA-C's Incidental Power), in order to uphold:
-The exception to the Restriction on Capital Distributions. CFR1237.12: recapitalization.
-FHFA-C's Rehab power (CET1)
The deadline is the latest May 23rd, or 30 days after a motion filed under the Federal Rule of Civil Procedure has been resolved by the court, like the controversial motion for JMOL under Rule 50(b) submitted by the FHFA (55 pages), after an oral motion 50(a) during trial (Thus, (b) can't have the same evidence presented to the jury for deliberation in the motion (a)).
Guess what, this motion hasn't been resolved yet.
"What on earth is left for Lamberth to rule on? Geeeez."
Backs up my opinion that he knew nothing about finance but has to make a ruling so he and his clerk(s) are trying to get educated. I worry about situations like this where a person doesn't know his ass from a hole in the ground...
Most interesting podcast!!!!!!!
Everything has exploded in cost
Now it’s gotten to areas we didn’t expect like
Car insurance
Home insurance
Etc
Yes, only 42 postings today
This board and it's activity after hours has been dead, abysmal, basically anytime Rick posts his Sherwin post, the board post dries up
I hope they dump. The 5.30s GTC for non variable freddie 50s are mine.
You know it, I know it, the whole world knows it:
Shareholders have been Wronged by the
imposition of the Conservatorship
Crappy day. Thanks a lot Sherwin. Thanks for nothing. I am never going to your store again.
the face painting is usually signs of dumping or accumulation, not just to make the day look bad. can someone track level 2 or 3 to find out if its the same MM each day?
In my opinion, interest rates are about where they should be under a normal environment.
But we're not in a normal environment now.
Inflation is out of control. Home prices are astronomical.
Healthcare is eating everyone alive.
I could go on but wont.
i recommend you research more
you simply proved my point. this is hilarious
Higher court on what related to Daniel's ?
1. I never said no inflation
2. I had seen an article with the trailing 3 year number but lets simply use per year
Inflation 2021 7.04 (note this is the year with most COVID and least POTUS impact)
inflation 2022 6.45
inflation 2023 3.35
assuming 100 at end of 2020 - the compounded impact is 18% (or the simple growth is almost
17%)
And that is similar to the number I used which as I recall was about 18% https://www.slickcharts.com/inflation
At same time - wages have grown about 15% ---
What Americans appear to want - is 2024 Wage Level and 2020 Price Level
Not going to happen
And with media talking about price increases of 25-40 percent (way too high) and not mentioning 15MM jobs added and 15% wage growth - no wonder people have the impression they have
HELL _ we are retired with 50% of income on fixed pension and 50% Social Security - so we feel the pinch as well but it is not crazy (we are old enough to have lived through the Volker years and such -- to include 3-4-5 year CD (FDIC insured) rates of 13 14 15 %
Too quiet on the legal fronts:
- Supremes on Presidential immunity.
- Libor
- Lamberth
- CFPB
- Higher court intervening on Trump/Daniel's scam case.
Lots of potential fuel for us if any of this stuff turns in our favor.
Will this Memorial Day be memorable?
The comment deadline for New equity loan product for FMCC is May 16th.
Judge Lamberth has deadline of Thursday, May 23rd.
Memorial Day is Monday, May 27th
Congress is in recess in last week of May, enough time for 2R.
wait till donotunderstand will defend this too, he has a knack to defend that is even in black and white. he thinks there is no inflation whereas everyone know that things are 25-40% more expensive. not sure who he works for
like your enthusiasm, but investors have been saying this for last 16 years and have even died
Don't take a chance of missing out on TheBigOne
Load up at these bargain-basement prices
and sleep like a baby tonight.
FNMA/FMCC - BreakOutRun
Up goes the costs of owning your home with a Fannie or Freddie mortgage
https://www.insurancejournal.com/news/southeast/2024/05/07/773103.htm
A nice plate full of spinach - order up
they are undercapitalized, can't do it
hey at least you got a thumbs down from wise people on such an intelligent question as always
you mean the thomp ing who hides under the desk and when there is less news to cover then all of a sudden posts 30 of them here within one minute that he worked on all week long? lol.
ignore him, he has been ranting 'secret seperate acccount', 'on presdents desk' for at least couple of years, zero credibility
Will read future stuff on this potential area of expansion
I still think F and F are itching to do the lending and cut out the bank (lending on equity balance they know a lot about)
?
I thought SCOTUS said that HERA - which is congress (a law passed by Congress) did authorize all the actions --- nothing wrong with HERA but a separate issue is the implied contract for an equity buyer
Tapping into equity, and putting them into second loan and MBS Ing it can be done without exit. Nothing needs a release for that. -- another tweak to their products
Moreover it's not helping affordability or first time buyer. It's just making the balloon bigger when existing folks take equity and buy another home. Cycle revisited
His posts can be ridiculously long
Like 3 pages
Who TF wants to read that much stuff
No it can’t. Unless the law is changed and that’s not going to happen during election season.
carney talks about how low FnF Share price still is. Clownboard posts FnF charts showing imminent breakout of JPS.
But these guys don't see Elephant (sandra) sitting on the necks of FnF.
SP or charts have no value till you kick off that elephant
I do read but not yours long winded BS.
WASHINGTON, April 30, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today reported its first quarter 2024 financial results and filed its First Quarter 2024 Form 10-Q with the Securities and Exchange Commission. The filing provides consolidated financial statements for the quarter ended March 31, 2024. The following documents are now available on Fannie Mae's website at www.fanniemae.com.
https://c212.net/c/link/?t=0&l=en&o=4153539-1&h=2080769286&u=https%3A%2F%2Fwww.fanniemae.com%2Fmedia%2Fdocument%2Fpdf%2Fq12024release.pdf&a=Press+release+announcing+first+quarter+2024+financial+results
You need to learn to shorten it up and get straight to the point.
Just waiting on marching orders from defendant...
They post $0 EPS every quarter. Can't you read?
I’ve been wondering the same thing, what gse news exists about the libor case.
The fnma newbieish poster has vanished similar to any rubber chicken luncheon presented to Sandra.
Inquiring minds want to know if there is a real case, pertinent, timeline, and what financial gain could the Gses receive.
Of course shareholders get the bone until the govrat conservatorship conjob is removed…
Is labor another 9 month wait…
Fnma
What is the status of the Libor Settlement?
Please explain why
If you make 4.3B in a quarter and the shares only go for around $1.50 per share. The outstanding shares are 1.16 B shares. The math to me is the made $ 3.70 per share in the quarter. I know we are in a conservatorship. The price per share should at least be half of that minimum. It really should be at least 4x that
Long term watcher.
Would be much more entertaining if biden, the 14th greatest president of all time would answer said question, LOL. It is hysterical how they now have an army of white house staffers shielding this buffoon from his doting MSM when he steps outside of the white house on his way to the next vacation or fundraising event. Which is all he ever does. What an international embarrassment this corrupt 🤡 is.
This stock is an Investment of the United States Govt , just ask the 12th rated President of all time Alluhah Ahkbar Obama. He will tell you so !
Paging Chef TightCoil STAT. We need some greens.
Didn't you ask for court news?
The revelation of the attorneys’ fees and nontaxable costs and expenses, better known as "the fat bonus" for their con job, is being postponed to the maximum by the allies: FHFA, the litigants and judge Lamberth.
The felony already happened with the jury award. This "Lamberth rebate" was included in the definition of capital distribution with the famous Final Rule of July 20, 2011 (CFR 1229.13 shown in the tweet below), thanks to an express grant of authority by statute in the number 3:
The FHFA doesn't have authority to override the law that states that capital distributions are restricted.
That's not what "in the best interests of the Agency" is about (FHFA-C's Incidental Power), because it isn't meant to turn a Federal Agency into an outlaw. Secondly, it isn't "authorized by this section" (FHFA-C's Rehab Power).
The key: it would expose the other capital distributions during Conservatorship:
-Dividends.
-SPS increased for free in the absence of dividends.
Both, number 1 in the definition of capital distribution.
Which makes us come to the conclusion that they've been assessments in the form of capital distributions, applied towards the exceptions in the law (pay down the SPS - statute- and recapitalization in a separate account - CFR1237.12-) in order to legalize those payments that went through despite the restriction.
An attempt to mimic the assessments sent into a Separate Account plan invested in zero coupon Treasuries, to reduce the principal of the RefCorp obligation, besides interest payments ($300mll annuity), in the 1989 FHLBs' bailout by Congress @ a rate with a 0.299% spread over Treasuries (GAO report).
With FnF, dividends are restricted, so the entire assessment was applied towards the reduction of the SPS.
THE ALLIES FHFA-LITIGANTS-LAMBERTH AFRAID OF UNVEILING THE FAT BONUS TO THE UNSOPHISTICATED ATTYS
— Conservatives against Trump (@CarlosVignote) May 7, 2024
30% cut?
14days Rule,swapped for
45days:May23
Or
30days after a motion. Hence the surreal JMOL pending.
The felony was the award: a capital distribution #3,restricted.
#1?#Fanniegate pic.twitter.com/EmetX7YLUe
You already posted Fisher's tweet and I already replied to you, here.
Fisher, Pagliara and Howard are the, what you call, "leaders" you work for.
No ordinary shareholder follows the frivolous litigation.
You have o have the premium service for that here on IHub
and I don't have that....also, my article was from Business Insider
Attached is the latest on Reid Fisher suits:
The Federal Circuit will hear our derivative-case arguments later this year. I will be attending those arguments in person with our attorneys in Washington. I hope to meet many of my fellow shareholders there.
— Bryndon Fisher (@bryndonfisher) May 1, 2024
2/2
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https://www.ft.com/content/1d287e0c-afda-46f0-9961-9da157b50101
Last month, the government-sponsored mortgage finance agency Freddie Mac filed a proposal with its regulator, the Federal Housing Finance Agency, to enter into the secondary mortgage market, otherwise known as home equity loans. This was a smart move by Freddie, and the FHFA will do a lot of good by approving it. Despite the more than $32tn in equity on homeowner balance sheets, very little of it has been tapped through home equity loans. In 2007, just before the financial crisis, there was more than $700bn in home equity loans outstanding. Today, there is roughly $350bn. Home prices have risen more than 70 per cent since then, so why have home equity loans halved?
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