Fannie Mae-No Politics (FNMA)

[MoneyRobot]

The debts that fnf hold are what I would consider good debts. The only "bad" instruments that fnf hold that harms the original shareholders are the warrants and sps. The worst contract is increase RE and increase SPS.

But those are not debt. Like it or not, uncle sam is a shareholder.

[MoneyRobot]

Going back to pre c ship will not happen. But there can be a new structure that is similar to recap and release. There are many options that can happen. We just have to wait and see.

[MoneyRobot]

I don't believe that. The gov did not hold one share of the Big 3 auto stock until after the bailout happened. I know. I held shares of GM and do follow who the institution and major shareholders are because I am a trader. I did lose money with GM and Bear Sterns almost wiped me out going into the financial crisis. They did a weekend bk where all shareholders can do is watch and cry.

[tutt1126]

Did government print out money to bailout?
No

[tutt1126]

I didn't know his name.

[Martymar564]

Who is Former Treasury Secretary Henry "Hank" Paulson's brother?

[tutt1126]

at the time of collapsing Lehman Brothers,, brother of Treasury Paulson asked his brother to rescue Lehman but his brother who was Treasury refused to rescue his brother at Lehman.

also in 2008 crisis, government shorted against 800 stocks including gm, and all other financial institutions.

each stocks lost value over 80 percent. where did all the money Go?

about 20 percent went to individual pockets who shorted the stocks.
and the rest went to government.

[tutt1126]

at the time of collapsing Lehman Brothers,, brother of Treasury Paulson who worked in Lehman Brothers asked his brother to rescue Lehman but his brother who was Treasury refused to rescue his brother at Lehman.

also in 2008 crisis, government shorted against 800 stocks including gm, and all other financial institutions

[tutt1126]

Oh yes , I missed that
You are right

[stockprofitter]

I believe it was AA prior unconfirmed

P have junk status I know that much

[stockprofitter]

Or will Libor settlement satisfy capital

One of the three

Or
Consent Decree

[Golfbum22]

Makes you wonder why they were allowed to do this?

[tutt1126]

Will F&F exit conservatorship to restore shareholder contract due to the legal case in DC?

Quote "FHFA violated by breaching the implied terms of their contracts with shareholders, when FHFA changed the terms of a stock purchase agreement to transfer the mortgage financing institutions’ profits to the U.S. treasury.

Therefore if defendants settle about $800 million dollars with shareholders without exiting conservatorship then the violations are still violated . It won't resolve the case according to Fannie and Freddie spspa class action.

Therefore right now, exit conservatorship is now a must.

[tutt1126]

True

[Golfbum22]

So previous to the AAA ratings announcement

There were no ratings for 15 years?

Then this is very good news

[tutt1126]

Thank !
It used to be blank with no details for 15 years.
Now it displays full and accurate details to public to attract new investors when exiting from conservatorship.

But there are only two questions to ask .

Will F&F exit conservatorship due to a housing crisis?

Or

Will F&F exit conservatorship to restore shareholder contract due to the legal case in DC?

[Rodney5]

Yes, you’re right debt has value. It’s not like Fannie and Freddie are credit card companies. The risk is minimal when holding Real Property as collateral. That’s what l don’t understand Cat Man setting the capital standards way above necessary. Sounds like he’s any enemy of the shareholders.

[Golfbum22]

What were the ratings before this announcement?

Tia

[stockprofitter]

I hate using the term no brainer but this is what this investment is agree.

[real777mellon]

If that's not the signal to just go as far in as you can at $1.34, I don't know how the writing on the wall could be written any clearer. There's nothing that will stop this systematically integral part of US financing etc. from being one of the best investments and most obvious for the average investor of at least the next decades of one's life. Enjoy the dip. AAA ratings are a big deal on Wall Street.

[real777mellon]

Don't worry about it. Debt has value too you know. It's just a rough # for dummies like me that don't feel like going over the entire balance sheet to say - "if you bought the company entirely, that's about the value it would sell for"... End of Response. Seriously just buy $FNMA as anything in single digits is a bargain. The most important thing to know about Fannie Mae is why it's the most important piece of America's financing machine and the big banks favorite cheat code for lending at velocities they've been waiting for since 2007 when homebuilders stopped building new homes. If you see the XHB and you do some ground work looking for 2024 new construction hell do it from Zillow or for me, I can do it in places that ain't been built since 2007 and now they're putting homes up since the coldest part of Chicago's suburban winter. Anyway good luck to you.

[Rodney5]

Quote: “This is a 4.28 Trillion Dollar company by Ent Value. If you sold all of its assets and gave it to its outstanding shareholders including the warrants in that total that's a whopping 3,784 USD per share of common stock.” End of Quote.

The enterprise value includes the debt. Fannie reported $77.6 billion in total equity, Form 10K page 68. I don’t understand how you’re calculating $3,784 USD per share. Sell the assets give all the money to the shareholders forget the debt owed??

[stockprofitter]

Fannie Mae Financials From NASDAQ

https://www.nasdaq.com/market-activity/stocks/fnma/financials

[nagoya1]

Lamebrain has no idea what GSE intelligence is…he’s been above the law and using doublespeak for years.
How long will he torment GSE shareholders with his obvious biases by purposelessly extending the court case remains a mystery.
Fnma

[stockprofitter]

New AAA Rating Fannie Mae

https://www.marketscreener.com/quote/stock/FEDERAL-NATIONAL-MORTGAGE-120786975/news/Morningstar-DBRS-Assigns-Long-Term-Credit-Ratings-of-AAA-to-Federal-National-Mortgage-Association-F-46477348/?utm_source=copy&utm_medium=social&utm_campaign=share

[stockprofitter]

New AAA Rating Fannie Mae

https://www.marketscreener.com/quote/stock/FEDERAL-NATIONAL-MORTGAGE-120786975/news/Morningstar-DBRS-Assigns-Long-Term-Credit-Ratings-of-AAA-to-Federal-National-Mortgage-Association-F-46477348/?utm_source=copy&utm_medium=social&utm_campaign=share

[Fannie Heyyyyy]

Lamberth will toss the appeal. Of course he will wait 40 days to issue his decision.

Someone should turn him on to chatgbt...we'd get a decision in 10 minutes.

[stockprofitter]

Nobody cares about the appeal

They try and say the jury erred in decision lol

[Freddie bagholder]

How do you, PagLiar/skateboard, admit you are a clueless idiot without saying you are a clueless idiot? PagLiar quietly admitted that admin is useless. Just wait a few more days for these clowns to jump onto the Trump bandwagon. And, as usual, they will never admit to their lies...

[trunkmonk]

they are the biggest secured debt holder in the world.

[Rodney5]

I don’t know why the FHFA would require more capital the Real Property would stand as collateral.

Freddie said it plans to keep a borrower’s loan-to-value ratio at less than 80% when
looking at both first and second-lien mortgages on a home, keeping an equity cushion in place in times of stress.

[Rodney5]

What’s the holdup with the Lamberth 8-0 verdict? You said appeal, I must have missed it. What’s the criminals doing now to delay? Link? Thanks

[Wise Man]

BOTTOM LINE. 2nd-lien mortgages turn into 1st-lien motgages, in the case of purchases of those cash-out refinancings.
After being bundled into UMBSs, it isn't a new product.

[Wise Man]

Is the purchase/sale of 2nd-lien mortgages in cash-out refinancings, a new product?
It would need approval, plus publication on the Federal Register for a comment period.
I don't think that it's a new product. Subject to the overall 80% LTV limit (Charter Act: the same Credit Enhancement clause that bars the CRTs) that takes into consideration the first mortgage it emanated from, when it was refinanced, and at the same interest rate.
So, not only mortgage-related but also it copycats the first mortgage.
It would be sold as a Uniform Mortgage-Backed Security (UMBS) like all others.
You may say that it's a new product because it's a new activity. It's the same activity when it was created: refinancing of the mortgage. Same collateral.
What we call "product" is the UMBS.
The same with the sale of RPL bundled into UMBS again. Nowadays RPL sold to GS.

It wouldn't be a good idea to consider it a new product, pricing-wise.

Not a personal loan at a 9.5% rate like the new proposal from Freddie Mac. This case, a new product.



Authorized in the Charter Act: "to lend on the security of a mortgage."
More if we are bound for a Charter-revoked scenario (2011 UST plan).

[stockprofitter]

Ps drop week of April 22 -27

[Wise Man]

The thing is that that's a personal loan, not a second-lien mortgage.
A personal loan at a 9.5% rate, using the collateral (property) already owned by Freddie Mac.
Unrelated to a mortgage.
This is why it's been announced just after the CEO of Freddie Mac with 30+ years of experience in mortgage finance, resigned "in the 1Q2024". He finally left the company on March 15th.
I guess that Freddie Mac would have to apply for a banking licence.

High interest rates as a consequence of the price of the collateral ballooned (overheated), means that your are doubling down on credit risk, and at the time when FnF aren't allowed to take possession of that collateral that covers the credit risk, because they are compelled to sell their NPL and RPL to Goldman Sachs & Co and the hedge funds, even at a discount. Judicial states delay it, etc.

The same loan amount can be achieved with cash-out refinancings, when the entire UPB of the mortgage and more, is refinanced at low rates.
FnF purchase the first-lien mortgage and the banks keep the second-lien mortgage on their balance sheets.
You can read more about it in the FHFA website, in light of the request for comment on this new product.

I'm in favor of FnF purchasing the second-lien mortgages, but in cash-out refinancings (less risky: low rates and low home prices), not in personal loans that is what has been proposed.
There are second-lien mortgages worth $ billions in the banks' balance sheets, where FnF own the collateral, but the banks are allowed to do business with it (collateral-sharing)
This why the reason of the famous robosigning case with foreclosures in early conservatorship. The banks (servicers of the mortgages) wanted to foreclosure on the properties fast, in order to protect their second-lien mortgages. You would wonder why a 2nd-lien gets paid first.

The repurchase of all the second-lien mortgages in cash-out refinancings already outstanding, would boost the economy and the banks' battered balance sheets.

[TightCoil]

Fight, Fight, Fight to Right the Wrong done to Shareholders
Fight to Make it Right
Get Raging Mad

[Martymar564]

Yes

[ron_66271]

CDS and F&F.

According to the FDIC WaMu/WMB Securitized Two Trillion in RMBS of which $500 Billion was sold to F&F.

Those RMBS were insured by CDS to cover the losses. Derivatives!

The insurance losses need to be recovered.

The CDS insurance will cover all of F&F outstanding claims.




Ron

[tutt1126]

And you can buy F&F in Chase Bank also

[stink stack]

Yes, that's wear my FNMA account is.
:)

[ron_66271]

Yes You Can Buy F&F on Schwab.

I did last month.



Ron

[Golfbum22]

Can you buy fnma on Schwab?

Thx

[imbellish]

I wouldn't touch that bank with a ten foot pole.

[ron_66271]

Please Read This Post Regarding CDS.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174266097

This is significant for the entire ABS Market generators like WaMu, Lehman’s and F&F.
The CDS insurance contracts need to pay for the ABS losses.


Asset Backed Securities;
MBS.
RMBS.
Others (credit cards).



Ron

[blownaccount9]

Sofi does and they don’t charge fees for doing it. Schwab charges like $5/trade for otc. Needless to say I moved all my otc to sofi.

[imbellish]

buyer on FNMAS up 4.3% today

[Donotunderstand]

warrants have not been satisfied

the GOV still has the right to exercise for about 4B shares

one can take them to court or whatever but that was all set up by HERA PAULSON and BUSH and nothing has changed

[Donotunderstand]

R U serious ?

This is the same DJT who was POTUS for for years of conservatorship

educate him? begin anew?

[Donotunderstand]

control housing mort market ? (how so more than DJT or BO ?)

and --- those subsidy programs that people keep pointing to --- are tiny and are PR by POTUS.

F and F would not be making hand over fist PROFIT - like never before !!! -- if money was being given away. There is a bunch of noise about the helping hand programs but all in all - it is noise and does not impact the 99% core function of F and F and its ability to build look alike reserves (reserves that look alike with the growing smoke and mirror LP that may be paid to GOV with our cash)