Fannie Mae (FNMA)

[Wise Man]

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.

[TightCoil]

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

[Guido2]

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

[tutt1126]

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?

[tutt1126]

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.

[stockanalyze]

any updates on any of these?
-libor?
-cfpb ?
-reid fisher ?

[TightCoil]

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

[EternalPatience]

It all can be done without release from cship. So the home equity tapping is irrelevant to us stock holders

[tutt1126]

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.

[Boat Shoes From Yahoo]

Warriors! Boat trying to catch-up on some post. My head hurts! LOL. As we STILL wait for our settlement.
All the BEST WARRIORS!

[MoneyRobot]

Oh okay. I see. The defendants filed a motion to dismiss the verdict. That is unlikely to prevail.

[MoneyRobot]

What on earth is left for Lamberth to rule on? Geeeez......

[Rodney5]

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

[imbellish]

Nothing on EDGAR it just hasn't traded since March 14th

[CatBirdSeat]

FNMFO Called?

[nagoya1]

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

[ewtrader]

Well that is Great news 🗞️

[Stockman1010101]

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:

GLTA FNMA/FMCC Shareholders

[RickNagra]

Sherwin Williams strikes again end of day one second before the closing. We as shareholders need to ban this store. Spread the word.

[MRJ25]

The whole process may take that long, but Lamberth's decision should be soon.

[RickNagra]

The Ham Humish dude said the appeals process will take 1-2 years.

[MRJ25]

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.

[Guido2]

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.

[stink stack]

Good point, thanks for your post. GLTU

[Donotunderstand]

AMAZING

did you hear anything?

anyone else you can send to

send a second time

Thank you for the time and effort

[Donotunderstand]

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.

[Donotunderstand]

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

[Donotunderstand]

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

[NeoSunTzu]

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.

[NeoSunTzu]

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!

[TightCoil]

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…

[TightCoil]

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

[zxjoshuaxz]

back up to the gray now. Hopefully it swings upwards

[RickNagra]

Oh wow. Mr. Williams came early today.

[Freddie bagholder]

Guys go to sleep and come back when Trump wins.

[stockanalyze]

and they will have to increase cap rate to what ? 8% as they are taking more risk and will need to hold more capital, more than banks? banks basically unloading on gse's if this happens. another 100 years of conservatorship? i don't see this going through as fannie mae and freddie mac are deemed 'undercapitalized' , the reason for perpetual 16 year conservatorship, that would be another dereliction of duty by the conservator.

[stockanalyze]

crazy idea. it will cause hyperinflation and fed will have to increase interest rates and older retirees will have even harder time making interest payments. suck every penny out of working class with more debt? modern day slavery in making.. a recipe for worst disaster than 2008 unless allowed to issue reverse mortgages.

most mortgages are below 3%, so why would your borrow at a rate higher than 7%?

just to get votes for the upcoming election and then we go into great depression? looks like it.

a solution: stop blackstone and other hedge funds from owning homes in every neighborhood and turning them around for rental at exponential prices. we know that 16 yr conservatorship with $1500 down to $0.40 is due to bank lobby that feed the fellow travelers.

[TightCoil]

re: FMNA - Raise the Ask
They will gladly pay it

[stockanalyze]

how will fhfa allow this when they claim fannie and freddie are undercapitalized? can someone explain this?

[stockanalyze]

this will make treasury and banks banks richer and consumers poor. no impact here as everything is swept. correct?

At $2 Million Per Minute, Treasuries Mint Cash Like Never Before
https://www.bloomberg.com/news/articles/2024-05-06/at-2-million-per-minute-treasuries-mint-cash-like-never-before?

[TightCoil]

Here I am to save the day! RALLY, RALLY, RALLY SALLY

[RickNagra]

https://seekingalpha.com/article/4689792-fannie-mae-mortgage-insurer-long-term-trends

[stockanalyze]

if this was true, the pps won't be stuck , right? as they say follow the money

[RickNagra]

We are unable to breakthrough $1.50 for some strange reason. We need The TightCoil to help us.

[Sammy boy]

You getting excited again ?

[jcromeenes]

I sort of read that differently. I figured they tap in to that $3T market then, at 4%, need another $120B saved in order to exit conservatorship. Felt like the Gov't finding a way to move the goal further out.

[RickNagra]

Captain TightCoil will we be visiting the moon today ? Please advise.

[stink stack]

Great info post! Thanks for sharing! We should see some nice GREEN this week!
;)

[Fannie Heyyyyy]

IMO this has a real chance to happen due to the sheer size of $$$ involved. FJB is desperate to get the economy rolling, and stimulus this large is exactly what they need.

[Rodney5]

Thanks HappyAlways,
I have to give credit to Barron for his excellent knowledge and willingness to share it here. In addition thanks to Robert from yahoo board, Mr Howard and countless others on this board for contributing the truth. (not sure about Mr Howard anymore seems he’s given up caving in to the theft).

If you or anyone else care to send to all members of Congress, and the lawyers of all GSE related litigations in the form of a letter do it. Regards