Fannie Mae-No Politics (FNMA)

[Govforprofit]

I think he’s still in. He gave me a “Like” on Twitter about Five - Six months ago.

[Patswil]

FNMA closed at $1.31–5 cent last minute rally-That 126 is a late post to the tape from an earlier transaction

[TightCoil]

And the closing prices of Fannie vs. Freddie
is ONE CENT
Fannie close - $1.26
Freddie close - $1.25
Somethins'coming,
I don't know
what it is, but it is
gonna be BIG

[Patswil]

Nice end of day rally

[NeoSunTzu]

Is Gary Hindes out? Has he exited? I haven't heard or seen much of him lately ...

[TightCoil]

Trust the voices in your head telling to
to LOAD UP on Fannie and Freddie

Load up and Fight to Right the Wrongs
done to shareholders

[Sammy boy]

Here we FKing GO! Let the fraud games begin!

https://www.foxbusiness.com/media/mortgage-giant-gets-green-light-from-biden-administration-risky-pilot-program

[skeptic7]

I like Tim Scott, but I don't think he's getting the nod. And the GSE's will not get so much as a mention despite the fact that housing will be discussed. Whether it will be discussed fairly and honestly remains to be seen.

[Rodney5]

Wise Man is a smart aleck but it’s worth noting what he said…. “ these SPS issued for free” …

The question I had was the SPSPA consummated when no cash changing hands?


Wise Man
Re: Rodney5 post# 753028
Tuesday, 04/18/2023 2:08:20 AM
15 years later, you wonder what $1B SPS was about, on day one of conservatorship.
Also, these SPS issued for free (all others, increased) are an essential evidence of the accounting fraud with today's SPS increased for free, because FnF, in 2008, posted a charge on the Additional Paid-In Capital account (shareholders' pocket) to reflect that they were securities issued for free.
Today, with the APIC exhausted, it's debited from the Retained Earnings account (Core Capital and Common Equity too).
But FnF now don't post the gifted SPS on the Balance Sheets, in order to don't post this offset and peddle the big lie of "FnF build capital".

Playing the fool is not an option, Mr. Pro Se, after 10 years messing around in the U.S. courts. It's called abuse of court process.
Can't wait to see the penalties.

[skeptic7]

As will housing prices.

[Rodney5]

Thanks Barron,

I found the discussion.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171709055

Rodney5
Re: None
Monday, 04/17/2023 9:10:47 PM
I have a question, when the SPSPA took place did any money change hands from the Treasury Department on to the balance sheet of the companies? Recorded in the amount of $1 billion?

Bryndon
04/17/23 9:34 PM
#753030 RE: Rodney5 #753028
I'm pretty sure it was a non-cash activity.

Fannie Mae's December 31, 2008 10-K:
https://www.sec.gov/Archives/edgar/data/310522/000095013309000487/w72716e10vk.htm#304;

[Barron4664]

It doesn’t matter, I am explaining what the contract in fact says. What actually happened is a different topic. Donotunderstand doesn’t understand, which means many others don’t understand what has happened as well. Knowledge is power.

[Rodney5]

“Treasury Department bought 1million shares of Senior Preferred Shares for $1,000 per share or $1 billion dollars.”

I’m pretty sure no money ever changed hands from the Treasury to the companies. We had this discussion several months back.

[Barron4664]

The only section of the Charter Act that was amended by HERA was Section 304(G). That section gave Treasury temporary authority to purchase GSE obligations and securities to help the secondary mortgage market. That section expired long ago. It is the section that Treasury used to enter into the SPSPA with FHFA gaining 100 percent of ownership of GSEs net worth and non-regulatory control of FNMA including whether and if the Conservatorship can ever end.

[bradford86]

sure,

i haven't seen any of these potential legal filings/briefs yet so haven't posted any, shrug.

i usually get them in my email from someone who checks pacer.

josh angel just had his case dismissed --- his angle has always been a bit different.. he has had interesting arguments and i think he is a lawyer that represents himself which is pretty neat.

[MannSinger]

GSE release & Tim Scott-as VP will be launched in the debate by Biden & Trump respectively

[Barron4664]

Close but no cigar. If you read the SPSPA, you will see the Treasury Department bought 1million shares of Senior Preferred Shares for $1,000 per share or $1 billion dollars. However, the “variable Liquidation Preference” is a charge that is tacked on to the 1million shares of SPS that reflects dollar for dollar, how much “commitment” FNMA uses from Treasury. Initially $100 billion available to draw from. Second amendment increased that to $200 billion of commitment. The Treasury did not purchase 100 billion worth of SPS and then purchased another 100 billion worth of SPS in the second amendment to the SPSPA. No. They only ever bought 1 million shares of SPS at $1000 per share. So what is the Variable Liquidation Preference? And what are the warrants? Well, if you read the SPSPA they are defined as a “commitment fee”. If FNMA takes treasuries money, then in consideration of that money, FNMA must give treasury warrants for common stock, and must attach the money borrowed plus 10% (later NWS) to each share of the Senior Preferred. The problem with a “commitment fee” is that the Law “Charter Act” forbids or prohibits the USA including Treasury from imposing any “charge” or “fee” on the purchase of any obligation, mbs, or security issued by FNMA.

[Donotunderstand]

yes
I agree

but as to a court case --- even understanding that right now the amendments "are not as permanent" - if a key section of the Charter Act is directly amended ------- as I understand it - the AMENDED law would be the law in a court case ------- not what the charter act said in the first place

?

So - where HERA does not talk to charter act directly (or maybe in some cases indirectly but clearly) the Charter Act rules

But in the other cases - the direct amendment or such - the amendment rules the day

That is where my head is at ----- I wonder if key parts of the violated Charter Act were violated due to sections of HERA designed for that purpose ?

[TightCoil]

Launch preparations underway for Fannie and Freddie
Don't be left standing on the tarmac
Load Up then Suit Up
We could easily be headed to upper realms

[jog49]

Laws? Who pays attention to those anymore? Nowadays, you can take a cut and dried case to the USSC and come out with a muddled mess. Much like Elvis, justice may have left the building!

[clarencebeaks21]

“why do others keep pointing to the Charter Act as ruling - if HERA amended it ?”

Because the charter act is the statute where the law permanently resides. In contrast, HERA was in this instance just amendatory.

So for example the formal way to cite the controlling law today would be ‘The charter act section XYZ, as amended by HERA 2008’. I hope that helps.

[Guido2]

(Bloomberg) -- Traders in the US rates options market are embracing a nascent wager on the Federal Reserve’s interest rate path: a whopping 3 percentage points worth of cuts in the next nine months.@business #FOMC 🇺🇸 https://t.co/KoO3OoWViz

— Carl Quintanilla (@carlquintanilla) June 26, 2024

[Brooge warrants cancelled]

check the volume on ffie

[jog49]

Do you think I just fell off the turnip wagon?

[stockanalyze]

he sent you a letter by courier? is that an acceptance that he is on this board and reading everything .

[blownaccount9]

Should just keep growing as rates come down and there’s more mortgage volume.

[Guido2]

No harm done. I was able to use both the volcano and rocket emojis on his post. All’s good.

I wonder if Ackman had listened to Glen, would Chipotle stock split have been 500 to 1 instead of the measly 50 to 1.

[stockanalyze]

you bought in 2014? and complaining about nws? didn't you knew about it already before you got in?

[navycmdr]

Freddie Mac mortgage portfolio rises at 2.1% annual rate in May

[NeoSunTzu]

You do know Guido's comment was sarcasm, right? (on the Bradford advice...)

[trunkmonk]

Been there done that in 2007 against my 401k. Markets loved it when it all went south. I learned, of course I’ve been in this since 2008. But most bought at 30c. I still believe true value no matter what is in teens.

[NeoSunTzu]

Fannie Mae is riding on the good ol' USA freight train which is a train wreck just waiting to happen - avoiding that train wreck, getting the right leadership, and focusing on the USA economy instead of the globalist socio-political nightmare is the largely going to be the determinant of our fate. NOTHING will happen before the election so moaning about it here daily and beating each other over the head about commons vs preferred does nothing but piss your precious time away.

[jog49]

The only credit I will give him (and it's just like us) is that he realized there was value here, in spite of the government and politicians' intentions. If they (GSEs) are ever released from their conservatorships, leadership reestablished, and relisted on the NYSE or NASDAQ, the explosion in share price will be greater than Yellowstone blowing its cap. It's hard to jump on a fired rocket so one must be on that rocket if it ever does takes off.

[Donotunderstand]

4617 f was discussed here 14 or whatever years ago

some refused to believe that was constitutional or would be followed

it killed us

4617 f

[Donotunderstand]

Hey - I own a home and pay the new post COVID costs for plumbers and electricians and such

If - those trades people on their own (who keep 100% -- but pay for that truck and tools and Soc Medicare at 11% on them ...and such) - work 100% of the time at what comes out to about 60-80 bucks an hour - they do fine (best i can tell though - a good part of that 60-80 an hour is covering a lot of non earning time --- down time - travel time - sick time - and vacation time)

This son earns the least of three as he is an urban city based high school teacher. But he is indeed hiring the plumber and electrician as his pay is moving up each year AND KEY is that retirement is funded by his employer at 9-10 percent a year in a 403B. That frees up that 9-10% of his income --- to pay the plumber and electrician so they can fund their IRA and or ROTH (or SEP) So what goes around comes around --- all win

In terms of pay off on money borrowed - I think it is crazy to go to an expensive college on borrowed undergraduate money of say 100K. People can indeed learn and work at a trade and do well. I think we are headed to a point where the BEST investment will be a two year community college technical degree. And I would love to see city/state funding such that the annual net tuition and fees to the student might be around $5K for such community college. (IN Chicago if you have a good enough GPA in high school - the first year at a City Community College is free)

Good luck to all (And I wish STATES once again paid most of the tuition at State Four Year Colleges like they did in NJ 50 years ago. My tuition bill was insanely low and lower - and that is how we afforded it. The dormitory or residence or living side got ZERO help from the state . (And parents - working during school and summers - and loans took care of that without a big burden) That bi modal approach seemed to encourage commuting --- but IMO was a good way for the STATE to think it out

[Donotunderstand]

All issues of primacy of Charter v HERA aside

your link is very helpful

clearly the money advanced by GOV to F and F (FHFA) -- is the purchase of stock .

Hopefully anyone who thinks it is a loan - and then does math on the DIVIDENDS as if interest/principal on a declining balance loan - will read this more carefully

And I found it interesting that the GOV goes out of its way to say the following

“Senior Preferred Stock” means the Variable Liquidation Preference Senior Preferred Stock of Seller,

bluntly - I have never seen preferred stock described that way with Variable Liquidation Preference in its description . That likely (at 99% confidence) is because preferred stock junior or senior or whatever does NOT have a liquidation preference higher than bonds. This wording - clearly open to debate - to me seems to say - "We" the GOV owner of this equity - have a unique stock associated LP that can be "put to the issuer of the stock" by the buyer --- without - without CH 11 or here without receivership.

Interesting

[Stern is Bald]

I always loved him railing on Musk as a pitch man and Tesla was garbage… I don’t like Musk at all but you can see his value was in his future patents and tech.

I think Bradford is like 0-100 but in his mind he is the investing guru and it is in all of our best interest to listen to me…

[skeptic7]

You'll be waiting a lot longer. The rules don't apply here.
#WrongDefendant

[Donotunderstand]

ok
will go back and read in finer detail

[Donotunderstand]

above the middle class

some divide the income levels in four parts

the best is to divide into five parts

bottom fifth is just that - bottom or low

middle three are just that - middle class

top fifth is just that - the top or UPPER class

so you are saying - only 20% own houses - homes and the rest rent ?

and that such change took place this year or say over 10 years or ?

I ask - as I do not have your source of data (I think the % that own v rent has likely changed by 1 o2 2% over a decade) somewhere around a smidge over 2/3 own

[LuLeVan]

By the way: It's great to see a stock fall after you sold it because it was supposedly overvalued.

[Rodney5]

amended (past tense) · amended (past participle)
make minor changes

The Charter Acts are Fannie Mae and Freddie Mac's enabling statutes. FHEFSSA and HERA are regulatory statutes, governing the companies' regulators. All are laws passed by Congress. Federal Housing Enterprises Financial Safety and Soundness Act of 1992 was amended to establish the Federal Housing Finance Agency. HERA amended certain parts of both FHEFSSA and the Charter Act. AMENDED not to do away with. Safety and Soundness still exists just as the Charter Act still exists.

It was explained to you yesterday.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174654110

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174653835

[Donotunderstand]

thank you

so - I believe you

so - why do others keep pointing to the Charter Act as ruling - if HERA amended it ?

Maybe that is why the lawyers for BIG MONEY did not use such argument?

All said without my own Due Diligence -- but if Title 1 of HERA amended the charter act --- that seems to do it - for me

[Donotunderstand]

as you note - $2,500 does not buy a kitchen upgrade let alone "a residence"

[Donotunderstand]

wow
F and F make money hand over fist and then more money and oops m ore money

I want me more of that socialism !!! if it brings massive profitable companies

(of course - socialism - does no such thing --- and does not work on a national all industry basis and F and F --- while in a conservatorship - are operating in a market driven world with normal capitalism --)

[Donotunderstand]

link please

noticeable difference between

8.57 B then 1.2 B then 100 Million

And --- I wonder if such money - be it 8.57B or 1.2 B or 100 Million is then used in mortgages that F and F buy and ... round and round we go

in short --- I do not understand the word FUNDED in the story of 8.57B -- a gift ? cash advance ? loan?

[Guido2]

Ordinary people like us are lucky he shares his advice here. He's been known to tell Ackman and Musk what they're doing wrong with their investments.

[Donotunderstand]

again
IMO
IMO
Public Relations
Hair on the tail of the CAT

[Bostonsesco]

I believe we are almost there because housing needs the support more than ever so doesn’t the GDP including interest rates. The Debates coming up an election cycle expiring warrants the twins are bubbling quietly 😎🫡… it’s just my opinion tho n im jus a jerk from Jersey!

[Golfbum22]

Delay

Delay

Delay

Until all the shareholders go away

Biggest theft in history and the only two companies who saved everyone in 2008 housing crisis are still in prison

Thank you banksters for making America
Pottersville

Land of the free is now a nation of renters unless you’re above middle class and very fortunate
The younger generations have a very tough hill to climb and the previous older generations who were invested were wiped out and died broke while the banksters survived and got richer and now control the new rental America

Very sad

Very sad

1 and done again