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YES YES
1. F and F - via 30 year mortgages make housing far more affordable - adding liquidity to the mortgage industry (and stability and rules)
2. F and F do 95% of their business if not 99% - in the normal mortgage market
3. Talking about F and F in affordable housing - is correct given their mission and core activities - but it is not HUD and it is not a give away as in the LBJ approach of throw money at problems (maybe of mild value ONE TIME). It makes housing more affordable via the 30 year mortgage which would not exist direct from banks and the insane liquidity it provides to housing financing.
4. I have noted before the massive profits we all know F and F produce nearly every year --- and bluntly that is 100% not possible if their focus is on low income (no income) and "affordable housing associated with minorities and non working USA) "
All that said - they have 1000000000 programs --- PR ---- that suggests they do so so so so much more for the near poor . A tip of the hat to their PR folks for D and a tip of the hat to FOX and NEWSMAX for their constant implication money is being given away
ALL THAT SAID
DJT could have shift on BO and freed us ---- just could have under the simplicity of corporate America focus. He did not . Not at all
JOW can - and should - get great PR from some loud and a bit misleading "so called Program" to address AFFORDABILITY. They should create the impression it is huge and new and will solve tons of problems. That is smart politics even if not really honest politics. I DO HOPS they do something like that and brag about 300B on the 200B and - yes how 100B from options can do a lot with no increase in deficit by one penny ----- and along the way kill the LP - and yes suggest 4:1 dilution (tiny IMO) but kill any discussion of LP conversion to common --- and brag bout using private markets to raise that 100B say over 3 years ----- with a utility model F and F
OMG, MC is a complete hypocrite.
If DJT wins, we will will. If you don't believe that, you better forget Fannie and Freddie and move on to some other stocks.
Wish received. 20x40 feet for $30k. Yet another housing crisis averted.
https://www.amazon.com/Portable-Prefabricated-Expandable-Warehouse-Workshop/dp/B0CZSC9R8N/ref=sr_1_2?crid=29LT33XIFLH18&dib=eyJ2IjoiMSJ9.zlIyz0NKf5T5ryC3m006IIaod9Jlc8XKaaH6xSvZBZBPlELgcSbHUW7Sce3c1Z4nzF44en96ygBpOg55VYzQrCsHb7JKFm-W0RZ1ZhV6YCvnGNXqYIjbBTLI3oocu1iH2ynIKs5FhDwC4nBszKlrtGfb2-zVmmS9cKaB8Ib0BsK03-6aD9KPmPMyq3S0dBiZemC7K_8cOqjsIFNP2HHXYPRH_gfx_ECpdF4gErO8MFIvcSkeIg4KuI69Cf3ZO5BHlMF5jlPzRM0Hshx8MEhbhwbGanI2uZeUEfhFf6qj80k.h1f0Zno2Cn94ueSrnJ2GHpyaD2k_7NI38gMQA4KFGZ0&dib_tag=se&keywords=prefab+house&qid=1715519656&sprefix=prefab+house%2Caps%2C70&sr=8-2
Ratio change? I’m no account but does the fact that the SPS is growing make the calculation of which would be better for the government change in respect to : option one cancel warrants sell SPS or 2 ) cancel SPS and exercise warrants? I doubt we get neither but I would think one or other would maximize government return.
No one expects justice. Corrupt litigation. Separate Account. Focus.
You don’t remember when Calabria was testifying in front of congress and infamously said,”If you find us a way we will wipeout the shareholders.”
(*)"Common Equity held in escrow" in compliance with the CFR 1237.12 too (exception to the restriction on capital distribution: the recapitalization. Though this time doesn't occur in a Separate Account like with the "fake dividend")
This 3rd phase of the Separate Account plan that includes Financial Statement fraud (Gifted SPS and its offset, absent from the Balance Sheet), was initiated by Trump/Mnuchin - Mel Watt on December 2017 with a one-time $3B SPS LP increased for free and $3B "Applicable Capital Reserve" authorized (coinciding with a minimum Net Worth), unaware that always the adjusted Capital Reserve is $0 once the Financial Statement fraud mentioned, is fixed, and what is increasing is the Net Worth with SPS.
This 4th PA amendment of December 2017 came out when they read in a tweet that the SPSPA would be declared void as of 2017, since the 3rd PA amendment established $0 Net Worth target in 2018 ($600mll reduction per year), when the Charter Act requires the management to have always a minimum Net Worth, without specifying more.
Yes, the FHFA and the UST reacting to this tweet by a shareholder, evidence that the SPSPA is just a fact sheet full of patches for deception (FHFA-UST supplanting the Congress with the invalid "Capital Reserve": Now up, now down $600mll per year. Now, up we go again.... As if it was even possible).
The real thing (in accordance with the law) occurs in a separate account.
SHAREHOLDERS ENCOURAGE @FHFA TO PAY DIVIDEND.#Fanniegate
— Conservatives against Trump (@CarlosVignote) December 1, 2017
SPSPA sets Zero Capital Reserve=Zero Min Net Worth for the div period starting on Jan1(effective Mar31,when div is paid)
Both $FMCC $FNMA's Charters oblige Mngmt to have always a MinNet Worth.
SPSPA is flawed,effective Jan1 pic.twitter.com/U5d5tUf0qj
The paid shills on Ihub lying about a possible LIBOR settlement and Bond Insurance payment.
Only $3B in losses caused by LIBOR, according to the FHFA.
https://www.bloomberg.com/news/articles/2012-12-19/fannie-mae-freddie-mac-libor-loss-tops-3-billion-auditor-says
Other theme is that FnF should seek treble damages in a trial in 2025.
And the illegal Bond Insurance, for instance in Freddie Mac, only covered $13B of its illegal $198B PLMBS portfolio as of end of 2008.
Freddie Mac wrote off the amount insured by 3 monoline insurers at the time, because they weren't able to make payments of any claim.
Bond Insurance isn't included as authorized Credit Enhancement operation in the Charter Act, and the product PLMBS didn't have one of the enumerated ones.
The PLMBS should have been insured by the issuers, like the Commingled Securities since June 2022 in FnF.
Currently, $20B in CRT expenses, net, is due by the UST for authorizing it during the conservatorships.
Likely, the CRT expenses is money funneled to the UST under the Mnuchin's slogan "the taxpayer be appropriately compensated", barred in the Charter's Fee Limitation of the United States.
They are hitting the wall of the Charter Act over and over again.
IMO, The Fellow Travelers are Changing Course.
Reasons;
• Judge Collier(sp) DC Court ruled against BO twice for using the NWS to fund his projects. (Obama Care).
• The 8-0 jury decision.
BO and his HF friends are in need to buy in to F&F.
Ron
that is 40 billion conservative unless fhfa and fellow travelers enable a settlement of pennies only to benefit the banks and special interest who are funding their paychecks, very likely
Calabria is basically an idiot. His opinions are no better than an 8 year old and he knows little about what has gone on here.
Just a guy looking for a free meal.
LIBOR Litigation Itself is Only an Interest Rate Adjustment.
Currency Manipulation…
The Bigger Story.
The litigation cleans up the Derivative market insurance payments.
Conservative Estimate;
8% of $500 Billion between F&F.
Ron
"Yes F&F are whole!" what do you mean? how much from libor as settled amount? when? why is no one talking about this?
I got one word for TightCoil,
MAGA
Nearly $500 Billion in Derivative Notables Insured RMBS.
The losses are covered!
According to the FDIC; “WMB securitized $2 Trillion in RMBS of which $500 Billion was sold to F&F.”
To protect themselves from the Community Reinvestment Act, the banks like WaMu rolled her load portfolio into securitized trusts as bonds. The Bonds are then insured by Derivative Contracts.
Most all of the ABS Market is insured by the Derivatives.
The Derivative contracts are required to cover the losses. It’s a Contract!
The Derivative contract writer’s are buying time for the settlement, but at what interest rate? Just do the math at WMI bankruptcies FJR of 1.95%? Adds up fast. It’s now very painful to be a contract writer!!!
JPM owned 57% of the 2008 Derivatives contracts of $83 Trillion.
Yes F&F are whole!
Ron
Libor? Wasn’t Fannie supposed to get some. Only from the settlement whatever happened to that?
What happened with the GSE news coverage you mentioned yesterday, anything good or more of the same old junk.
TIA
FNMA
Look for stinkstack in wildwood , NJ! At the RALLY right now! I am the one wearing a Red Trump hat!
LOL
you say that every day of the week, so kind of not material. may be want to add why.
Super NOVA BOOM ! $$$$
Next Week?
Greeen Booom Booom Time
Masheeens in Action -
Mooon Booom
absolutely, on day one. question is who will take over and the agenda or will they be busy again in giving cnbc interviews, printing their ugly face on dollar bills or taking mid east trip when country is in crisis or drafting another letter agreement or busy in drafting 1000 page plan or busy hiding stress test or increase capital required to 5% as now they are getting into home equity loans so more is needed?
bottomline is that either option is not good, they both love status quo, job security, free money at the expense of shareholders who saved for their retirement all their lives and funded it : $1500 down to $0.40 over last 16 years when apple, micrsoft, amazon went to 2 trillion market cap each. top it off with skyrocket inflation
.
did they contact mcdonald to get a full meal for $5 just till nov 5 and them fok it all over again? i can't get a french fry for $5 let alone the whole meal (a mcchicken or mcdouble, four-piece chicken nuggets, fries and a drink). see how far they will go to get votes?
https://www.cnbc.com/2024/05/10/mcdonalds-working-on-5-value-meal.html?
F and F is the subject
not HUD
F and F is the main source of liquidity for say 90% of the available for purchase homes in the USA
why do people keep talking about F and F as if it gives away money or insures loans for those without a job or means?
the profit F and F make each year - good or bad (other than crazy bad or crazy good) is very good profit
that does not happen if F and F are focused on the poor or minorities --- rather than supporting banks that give out legit mortgages to most of America
Sandra Thompson will hopefully get Trumped------You're fired!!
Yes 1977, Carter! BO Sued a Chicago Bank.
In the 90’s, And won.
It was all just as set up. The democrat family that owned the bank made a fortune as their shareholders lost everything.
That suit forced the Banks to make loans to unqualified applicants.
Ron
baloney
that simply is not true
That ACT was passed in 1977 - way before the 2008 collapse
And it did not change much in terms of housing availability or anything else
WHY?
aside from being mostly PR and HOT AIR ---- the number of loans that happened because of the ACT is the hair on the tail of the dog
https://www.investopedia.com/terms/c/community_reinvestment_act.asp
he would not be. only objective : shut them down so that they cannot be misused for various programs, affordable housing to get votes. that is why mnuchin, calabria all were on cnbc and did nothing but foked even more. paulson would be no different (if). why not ask him a question in a town hall meeting " you or mnuchin or calabria did not do anythng on gse's in 4 years, what is your plan to get them out of 16 year fake conservatorship imposed by bush where $1500 is down to $0.40 with retirement and 529 money gone?"
blame the rating agency ??? (some people ask why F and F were AAA)
anyway - I would suggest the BANKS that gave out liar mortgages and 5 year interest only - and the infamlous 80-10-10-10 -- no money down mortgages - re sold as strips (imagine owning the first 10% decline ?)
BANKS got greedy and dirty --- and some just plain dumb
hey double x triple the SQ FT and why not?
would have to see them - but no one is going to solve a housing crisis with single family homes that with land etc. cost 200K to build
20 x 14 -- 280 SQ FEET
Indeed - if one could replicate that - in say 25-30 by 20-25 (( 600-750 SQ FT house) - for say 35-40K ---- they should be used
Who knows
What baffles me - is why those who love DJT ---- are sure he will be good - after the reality of four poor years .
i have been with tis from the start NEVER have seen this ever to me something is coming down time will tell
they may put another calabria type in place to fok fannie and freddie and the shareholders to get rid of affordable housing. many here do not get this and keep rooting. either party would not do a thing and i have no clue who would. courts are in their pocket if we still haven't learnt so.
i would not read so much into it, this is a deep rooted conspiracy. when and if it turns around, those in congress will be rich as they are openly allowed insider trading and you will be the last to know
I'll go out on a limb and forecast that
FNMA and FMCC will each gain 20 cents
this coming week...LOAD UP early in
da mornin''
i wonder if anyone watch short squeeze it was minus 26 and then minus 5 so
that tell anyone something
Appointed picks have not helped the GSE's at all, this is not a political post, but only showing the persons who have done nothing to help the GSE's or put more cement boots on them.
last term DJT picks
his 3 worst picks- Mnuchin, Calabria, and Pence
this term JB
his worst picks- Yellen and ST
we really need someone like Paulson as Treasury Sec. and a much improved FHFA person or no FHFA at all would be best.
Go FnF
they are above the law, so legal or not legal does not matter, if you havent learnt that in last 16 yrs
who is patrick? you all are so positive, still. is it a good time to get in? serious question. why? after losing so much don't have the heart. wondering if they will keep showing you lolipop till nov 5th and them a boot
yups, he wants receivership and close them down. he does not like affordable housing and doling out for votes. so shutter them. why do you think he was put in place? he thinks shareholders should not exist. he is the worst. look at the letter agreement he put in place. he is the architect of hera and i believe he started writing it since 2004, a long range plan to do this, well coordinated with heritage foundation and fellow travelers funded by large banks : free money for banks at the expense of taxpayers
Man you are well researched… The CRA was enacted in 1977 and I had zero Biden or Obama was President… Man I just learned a lot thanks!!!
New FHFA director can fire CEO when GSE is Conship.
ST just fired CFO of Fannie Mae.
If Dems wants to keep current CEO longer under Trump then Dems needs to release GSEs and have recap funded by Dem leaning investors.
The answer to this question is in the 10K and the conservatorship rules on the CEO pay ceiling (600k). Hint : look at the pay for CEO and what the president makes in the GSE. You will get your answer on the loophole..
Oh wow. We are all gonna get the runs.
$FMCC $FNMA Setting Up For A Run
— Patrick (@InvestIt3) May 10, 2024
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