Fannie Mae-No Politics (FNMA)

[Golfbum22]

I wish they would have wiped out shareholders in 2008.

Pre conservatorship shareholders would have sued and won but companies still gone.

I would have never bought. Imagine where my portfolio would be without this loss since 2009.

We deserve this to end and get paid dividends, etc.

[stockanalyze]

hypocrisy : he pushed back on treasury when it wanted to as per his podcast. he had everything lined up. the worst and has the audacity to post such bs.
and what is left there to fix?

[stockanalyze]

he said in 2019 that he would wipe our shareholders, said the same in 2008. at least watt said he does not lose sleep over it. but catman repeated wiping out shareholders as if that is all he thinks about on how to. you wonder why would the previous admin put him as fhfa director? if they really cared about ending conservatorship? an architect of hera who started to write and plan the conspiracy since 2004 with the fellow travelers, cato institute.
i think it was intentional for admin to put him there and mnuchin so that they can lead on shareholders and finally towards the end put a nail in the coffin and do a letter agreement raising capital levels, hiding the stress test and solidifying the loot and lying and filing with scotus that net worth has stopped when it wasn’t. the intent of closing them was because they believe it is misused for affordable housing. even scotus judges hate fannie mae and freddie mac and him and the judges are all members of heritage foundation that propagates such feelings towards fanne mae and freddie mac.
not sure if either admin will do anything. your hopes are all on wrong path imo.

https://www.housingwire.com/articles/calabria-willing-to-wipe-out-fannie-mae-freddie-mac/

[Calabria told Congress in the hearing "I’m on the record as saying in 2008 what we should have done is wipe out the shareholders."]
https://trumpwhitehouse.archives.gov/presidential-actions/president-donald-j-trump-announces-intent-nominate-appoint-individuals-key-administration-posts-3/

[TightCoil]

Not just hope, but an inner feeling

[EternalPatience]

Would BS work?

[MetaMonster]

Shorts are going to hell where they belong once and for all

[jcromeenes]

Reason? Other than HOPE that is.

[CatBirdSeat]

It will be much more than 15-20 cents

[TightCoil]

Don't forget my Prediction for next week:
Fannie and Freddie will gain
15 - 20 cents each next week...
Take it to the Bank and Load up
early Monday mornin'

[Guido2]

Where in HERA does it say that it is Treasury's job to fix GSEs? That's the job of the conservator, FHFA, not Treasury — correct? If not, please point to the statute. You wrote the law, so you shouldn't have trouble finding it.

— Jeremy Cain (@jeremycain_usc) May 10, 2024

[Boat Shoes From Yahoo]

Warriors, 8 years as VP, 4 years as President, 50+ years in Government, I think our last hope will be Orange Man. Especially with only 6 months left. Especially since Orange Man knows how corrupt the system is. Just my opinion.

[TightCoil]

Shareholders who have been holding
from imposition of the NWS should be given
$1.50/common share as a

REPARATION

[Donotunderstand]

udge Collier(sp) DC Court ruled against BO twice for using the NWS to fund his projects. (Obama Care).

This is about 5% true and I have shown the facts with links before

I likely will lay out reality --- for those who still have 10% of their brain open for reality

(yes we all live in SILOS - and we all have a bias -- but there are NO - NO - Alternative facts)

[Donotunderstand]

if you are talking about credit default swaps -- the big WRITER - OWNER was AGI (and they only bet one side and lost by going long) Tons of money involved in CDS but 45% or it - or thereabouts was A to B contracts long and then A to C contracts short - such that A was only mildly exposied long or short. THEY (biggies) all did that ---- except AIG which went 100% long

I owned some Washingto Mutual and got beat up when they were taken over on a Thursday --- never before by FDIC

Along the way made a bit of money trading it

But note --- Washington Mutual is a mess and maze and arguments on both sides
BUT all debt owners - got every single penny back
I got a ton back on cheap over discounted Trust Preferred - deemed by that bank to be debt (lowest debt but debt)
They even had enough money at the end to make a lot of crooks EXTRA money and provide some minor relief to equity
Strange and Stranger - and seemed to me - a dumb ass court -- as it gave away tons of disputed money - nearly 100% to JPM v some more to equity owners - common and JPS

[Donotunderstand]

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

[HappyAlways]

OMG, MC is a complete hypocrite.

[HappyAlways]

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.

[JOoa0ky]

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

[2dollarbill]

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.

[Wise Man]

No one expects justice. Corrupt litigation. Separate Account. Focus.

[Wingsjr]

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.”

[LuLeVan]

Calabria is basically an idiot.

I wonder if this applies to anyone still waiting for justice for FnF shareholders. Hint: Most likely there will be no justice, just a continued spending spree on the FnF gravy train - probably even if Trump wins (just my humble opinion).

[Wise Man]

(*)"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
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

— Conservatives against Trump (@CarlosVignote) December 1, 2017

The 5th PA amendment on September 2019, came out a few weeks after judge Willet's ruling, complaining about "that kind of liquidation goes beyond the conservator's powers". The dividend payment was suspended, but switched for SPS LP increased for free every quarter that is the same Common Equity Sweep as before, until the "Capital Reserve" fetched $18B and $25B or so (adjusted CR is always $0, due to the offset missing).
The only thing that increases in the Net Worth is the SPS, not the common equity, but, necessarily, it's held in escrow, because the recapitalization is about regulatory capital (CET1, Core capital, Total Capital, tier 1 capital).

Then, the 6th PA amendment, on January 14, 2021, with the infamous "Capital Reserve End Date", when the CR meets the capital requirements.

[Wise Man]

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.

[ron_66271]

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

[stockanalyze]

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

[jeddiemack]

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.

[ron_66271]

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

[stockanalyze]

"Yes F&F are whole!" what do you mean? how much from libor as settled amount? when? why is no one talking about this?

[stink stack]

I got one word for TightCoil,
MAGA

[ron_66271]

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

[2dollarbill]

Libor? Wasn’t Fannie supposed to get some. Only from the settlement whatever happened to that?

[RickNagra]

Try this place instead. It is quite good. Gabby and I go there all the time.

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?

[nagoya1]

What happened with the GSE news coverage you mentioned yesterday, anything good or more of the same old junk.
TIA
FNMA

[stink stack]

Look for stinkstack in wildwood , NJ! At the RALLY right now! I am the one wearing a Red Trump hat!
LOL

[Possum336]

Orange What?

[stockanalyze]

you say that every day of the week, so kind of not material. may be want to add why.

[CatBirdSeat]

Super NOVA BOOM ! $$$$

[TightCoil]

Next Week?
Greeen Booom Booom Time
Masheeens in Action -
Mooon Booom

[stockanalyze]

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?

[Donotunderstand]

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

[Patswil]

Sandra Thompson will hopefully get Trumped------You're fired!!

[ron_66271]

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

[Donotunderstand]

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

[stockanalyze]

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?"

[Donotunderstand]

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

[Donotunderstand]

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

[Donotunderstand]

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

[Donotunderstand]

Who knows

What baffles me - is why those who love DJT ---- are sure he will be good - after the reality of four poor years .

[homedaddyjake17]

i have been with tis from the start NEVER have seen this ever to me something is coming down time will tell