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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?
If Fannie Mae and Ginnie Mac follow Freddie Mac’s lead into buying second mortgages, we estimate the secondary home equity loan market could exceed $3tn. By opening up the securitisation market for second mortgages, not only would more institutions be inclined to originate the loans, but the cost to borrowers would meaningfully decline with more finance providers. It would also provide big stimulus to an economy and consumer that appear to be slowing down without adding a dime to government debt. Rarely have I seen such a true win-win scenario for the government, Wall Street and the US consumer.
any updates on any of these?
-libor?
-cfpb ?
-reid fisher ?
I got this story on Business Insider, is this to what you're
referring?
https://www.businessinsider.com/housing-market-mortgage-home-equity-stimulus-debt-outlook-freddie-mac-2024-5
It all can be done without release from cship. So the home equity tapping is irrelevant to us stock holders
From financial time!!
Quote "As early as this summer, a proposed move could begin to unleash almost $1tn into consumers’ wallets. By the autumn, it could be on its way to $2tn.'
Note carefully !!!
Key words
As early as this summer!!
A proposed move !!
The word propose with d which means it's already done.
Warriors! Boat trying to catch-up on some post. My head hurts! LOL. As we STILL wait for our settlement.
All the BEST WARRIORS!
Oh okay. I see. The defendants filed a motion to dismiss the verdict. That is unlikely to prevail.
What on earth is left for Lamberth to rule on? Geeeez......
Forth Branch Of Government
Barron said it best: “These actions have necessarily turned the GSEs back into agencies of the executive branch as they were originally created. This is the definition of a major question and also a separation of powers problem since Congress did not authorize the actions Treasury took and continues to take.”
NeoSunTzu, as you argue that we DO have allies, they are established financial players, or policy-makers or govt players who know what needs to be addressed first. Maybe you can approach these people with the Facts, “Fourth Branch Of Government” has taken over Fannie and Freddie.
It’s definitely a Major Question.
Link to facts: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174362245
Nothing on EDGAR it just hasn't traded since March 14th
Keep on posting GSE related news Guido, silence has never provided anything positive. The more info is transmitted, better chances one of the govrats acts upon it.
Fnma
Well that is Great news 🗞️
The FNMA/FMCC shareholders time is coming in the near future. The years and years of waiting for Fannie and Freddie (FNMA/FMCC) stocks (FNMA $1.7 Billion in Market Capitalization) to be worth the value of their company business revenue ($82 Billion) will soon be reality to most FNMA/FMCC shareholders. Here is Paul Mampilly's video explaining why we stand to see a very bullish (up) stock price movement from here:
Watch, Learn, and Enjoy if you are a FNMA/FMCC shareholder:
Sherwin Williams strikes again end of day one second before the closing. We as shareholders need to ban this store. Spread the word.
The whole process may take that long, but Lamberth's decision should be soon.
The Ham Humish dude said the appeals process will take 1-2 years.
Next move will be from Lamberth's decision on government's motion to dismiss the 8-0 verdict.
I believe the motion will be denied.
Then the government may still be able to go an appeals court. I am not sure about that, but maybe someone else knows.
Glad you weren't around to advise the Continental Congress. If they paid attention to such defeatist attitudes, we'd still be a part of the British Empire.
Good point, thanks for your post. GLTU
AMAZING
did you hear anything?
anyone else you can send to
send a second time
Thank you for the time and effort
BOOM
just posted this is what I heard - a month or so ago
the normal press - related to finance - will be screaming !!!
politicians who do not need those donations should jump on fast --- Do you Hear me JOE !!!!
inside that article
In a column for the Financial Times on Friday, she noted that mortgage finance giant Freddie Mac asked its regulator last month to enter the secondary mortgage market, or home equity loans, which allow homeowners to borrow against the equity in their houses.
Had trouble reading but best I understand first sentence was not accurate
Freddie suggested - a month ago - that it wanted to directly loan to those whose mortgages they had information on
Banks and Wall Street will hate it - as the idea is to AVOID second bank or third pary mortgage - but to lend (yes by F and F) some portion of the equity on mortgage one !!
???
that would not be a good thing for banks and such to compete with
not sure justice comes to all that deserve it - if a big enough lie is told for long enough
I can think of other examples besides F and F
This is how it is done... where the cold hard facts are ordered, summarized, supported, established, etc. etc. These are NOT and NEVER have been the result of some half-assed social media posts. I argue that we DO have allies, they are established financial players, or policy-makers or govt players who know what needs to be addressed first, they know when and how to speak, who to address, what facts to present, what the channels to use. See my other post and what ways including the shareholder plight from our perspective can help in this process. Intelligent, focused appeal regarding housing, FnFs role, and the heavy-handed treatment they received.
In the end I do believe we will prevail and it will be due to much of what is in your post.
Too many here completely misunderstand the nature of this FnF-Govt-TSYHeist-C'ship fiasco. Most of you have been here long enough to understand some basic facts about the ability of shareholders to move the needle, but emotion and pollyanna beliefs too often carry the day, and a few of you are completely delusional about what posting here, or contacting officials, or the media will or can do.
- NOBODY, I repeat NOBODY, other than shareholders, especially any Congressmen, agency official, or influential policymaker, cares about the plight of shareholders. In fact, I contend that it is counter productive to contact ANY government official seeking any relief SOLEY on the basis of an appeal to shareholder plight. If you haven't learned why this is there is no hope to educate you in one or a hundred posts, but some of the following may help.
- Better and more effective would be to address the problems this country is facing with housing and high interest rates, then argue FnF's traditional role (the beneficial functions they provide to the market and home buyers), slide in there some facts on the egregious captial requirements, FnF's earnings power, their "retained capital", stress test successes, and finally the uneven, heavy-handed mistreatment vis-a-vis other financial institutions Treasury has executed. (All of these make a backdoor case for treating shareholders fair and respectfully.) THEN AND ONLY THEN mention constitutional issues regarding property rights, or takings, or other shareholder supporting arguments.
-------BUT BUT BUT - even if EVERY SINGLE SHAREHOLDER made this appeal I still contend it will not be enough to be a decisive factor UNTIL whatever is guming up the process on the inside is worked out by the insiders (NONE of us know what these issues are.)
------- Why do I believe this? There are multitudes of housing groups, including the non-establishment banking organizations which have been making these arguments, lobbying Congress, sharing their facts and figures with the media (and congress) putting their weight behind the effort on the HOUSING RELATED ISSUES AND FACTS. Even some congressmen and the former CFO have put their weight behind the housing related facts to move the process along, and NONE, I repeat, NONE to date have made a dent. See the bolded excerpt above. Treasury and the insiders will move WHEN AND ONLY WHEN ready or forced to do so by economic or legal forces.
- Cheerleading here is fine, on social media - meh - counterproductive other than rallying other shareholders to hang in there and maybe long-term a residual effect when they finally resolve this issue. But your ill-equipped soldiers face nothing but a mowing down against this government arsenal.
- If you all love the cheerleading here more power to you, if it helps you hang in there and find camaraderie, great! As they say misery loves company, but don't be fooled for an instant that you are making a difference to the powers with the boots on your neck. You have a better chance appealing as above, through the backdoor, but for Christ's sake do it smarter!
Fannie Mae and Freddie Mac both posted stellar 1Q24 earnings last week, the former posting a net profit of $4.3 billion, the latter $2.8 billion. But the price of their common each trades for under $1.50 a unit…
Market Makers have been keeping Fan and Fred at current
price levels now for a couple of weeks because they're
getting ready for the BIG WHAMMY and it';s coming
sooner than later...Load up now to beat 'em to the punch
back up to the gray now. Hopefully it swings upwards
Oh wow. Mr. Williams came early today.
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