Freddie Mac-No Politics (FMCC)

[Sammy boy]

Crappy Day, Sherman other jackass called $10.

What a couple of mush’s!

[2latefortears]

"cash dividends in conservatorship are always corrupt. " An explainer

After 17 yrs, few want to relitigate the origins of the GSE conservatorship, tho some frame the current debate over their future as "the fruit of a poisonous tree," meaning cash dividends in conservatorship are always corrupt. An explainer 🧵. 1/#https://t.co/BhKWGcGZ5S

— David Fiderer (@Ny1david) June 13, 2025

[Guido2]

@POTUS @DirectorPulte @SecScottBessent @SecretaryTurner @howardlutnick @SenAlexPadilla @RoKhanna

Below is EXACTLY what our government has done to Fannie Mae and Freddie Mac since 2008! https://t.co/nc7hD8oMgH

— Guido da Costa Pereira (@GuidoPerei) June 13, 2025

[Sammy boy]

JA 2 called 10, red for sure !

[navycmdr]

post Fanie/Freddie news on X ... its Free & you won't be deleted ...

@pulte Over the course of the conservatorship, the GSEs paid over $301 billion back in dividends, fully repaying the initial federal investment on the original terms. pic.twitter.com/F1YrAsUr1I

— Cmdr Ron Luhmann (@usnavycmdr) June 13, 2025

[navycmdr]

Over the course of the conservatorship, the GSEs paid over $301 billion back

in dividends, fully repaying the initial federal investment on the original terms.

[Lite]

Just who is ‘Housing for US’? I looked at their website and couldn’t find any info about how they are funded.

[navycmdr]

Fannie & Freddie may go public.

If Fannie Mae and Freddie Mac are released from federal conservatorship via a public stock offering, the proceeds should be invested in housing for middle-class U.S. workers, a coalition of labor leaders and congressional lawmakers declared Thursday during a rally at the House Triangle on Capitol Hill.

Proceeds should benefit the middle class, lawmakers say

Labor leaders join a bipartisan group of U.S. reps at a Capitol Hill rally

Luke Baynes - June 12, 2025

If Fannie Mae and Freddie Mac are released from federal conservatorship via a public stock offering, the proceeds should be invested in housing for middle-class U.S. workers, a coalition of labor leaders and congressional lawmakers declared Thursday during a rally at the House Triangle on Capitol Hill.

The event, organized by the nonprofit group Housing for US, featured speeches from a bipartisan group of U.S. representatives from New York and Wisconsin. The lawmakers were united by a shared desire to see working-class families benefit from a federal windfall resulting from selling shares of Fannie and Freddie.

The government-sponsored mortgage giants have been under federal control since the 2008 financial crisis. President Donald Trump has floated the idea of releasing the companies from that status, saying in a May 21 social media post that they are “throwing off a lot of CASH, and the time would seem to be right” to take them public again.

According to Housing for US, the projected federal proceeds from that process would be $250 billion. The nonprofit argues that those funds should be used to establish a program that makes affordable housing construction economically viable for developers. Housing for US projects that the program could yield 3.5 million housing units that would be earmarked for households earning between 80% and 165% of the median income in a designated geographic area.

“Housing is the No. 1 issue for union workers in red states and blue states alike,” Gary LaBarbera, president of the Building and Construction Trades Council of Greater New York, said at the event, according to a press release. “The rent is too high, and so is the cost of homeownership. We have a once-in-a-lifetime opportunity to responsibly release Fannie and Freddie and invest the $250 billion the federal government will reap back into America’s forgotten middle class.”

Rep. Tom Suozzi, D-N.Y., noted that homeownership is “out of reach for many hardworking Americans.” He said that reinvesting the federal proceeds from a Fannie and Freddie stock offering in a housing program would serve the dual function of addressing the country’s affordable housing crisis and creating jobs.

Rep. Nicole Malliotakis, R-N.Y. said that many middle-class workers “find themselves in limbo because they don’t make enough to afford [the] market rate but make too much to qualify for affordable housing.”

“This is an opportunity to deliver critical assistance to hard-working Americans by giving them the ability to buy homes built with American labor,” Malliotakis said.

[Guido2]

@POTUS @pulte @SecScottBessent @SecretaryTurner @howardlutnick @DirectorPulte ,just like his predecessors, hides the stress results. Is it because they show there’s no need to continue with the “temporary” conservatorship of Fannie Mae & Freddie Mac?

— Guido da Costa Pereira (@GuidoPerei) June 12, 2025

[Sammy boy]

Shit isn’t happening today, go home early dancers! Whale Boy hasn’t been right once !

[navycmdr]

Taking Fannie and Freddie Public Is Trump’s Dream.
It Might Be Just a Fantasy.

Investors, mortgage lenders, and the government
all see an angle. How it ends isn’t clear.

President Donald Trump just fired the starting gun for

what could be the biggest public offering of all time.

In a pair of Truth Social posts in May, Trump said he

wanted to take public the mortgage giants Fannie Mae

By Joe Light - June 12, 2025, 1:30 am EDT



President Donald Trump just fired the starting gun for what could be the biggest public offering of all time.

In a pair of Truth Social posts in May, Trump said he wanted to take public the mortgage giants Fannie Mae

His unexpected intervention put a spotlight on the behind-the-scenes tussle over the companies.
Well over a decade since Fannie and Freddie faltered at the height of the financial crisis, they are
being eyed by investors and the government as a value-stuffed piggy bank that is ripe to be cracked open.

Mortgage investors and home buyers are stuck in the middle.

Whether the president makes it to the finish line is an open question, but the attempt will have wide
implications for investors, the federal budget deficit, and home buyers.

The companies are the hidden gears that keep the U.S. housing market turning. The companies
don’t make mortgages themselves, but buy them from lenders, bundle them into mortgage bonds,
and guarantee repayment to investors in case of default. Through that process, they guarantee
nearly $7 trillion in mortgage-backed securities, or MBS, and provide liquidity to banks and other
mortgage lenders so they can keep making more loans. For decades their stocks were blue-chip
staples in investors’ portfolios, but the companies failed in the 2008 financial crisis and entered
a so-called conservatorship controlled by the U.S. government.

If Trump is to be believed, that is about to change.

“I am working on TAKING THESE AMAZING COMPANIES PUBLIC,” wrote

Trump. “These Agencies are now doing very well, and will help us to, MAKE AMERICA GREAT AGAIN!”

Strictly speaking the companies are already public. Before 2008, the companies
issued roughly $35 billion in preferred stock, and that stock as well as the common
shares continue to trade in the over-the-counter market.

The 2008 bailout eventually cost the Treasury about $190 billion. In return the government
received warrants to acquire nearly 80% of the companies’ common shares as well as a
new class of “senior” preferred stock that would rank above all privately owned shares in
a restructuring. Those senior preferreds now have a liquidation preference of more than
$340 billion, representing the government’s claim to proceeds in a restructuring before
other investors get paid out. How the government’s stake is resolved will determine
whether certain investors win or lose their bets on the companies.

Hedge fund managers such as Bill Ackman and John Paulson—both major Trump
supporters—scooped up shares of Fannie and Freddie for pennies on the dollar after
2008. Since Trump’s victory and the president’s statements, the shares have skyrocketed.
The market value of some classes of Fannie and Freddie’s preferred shares, favored by
many hedge funds, has more than doubled since the election. Fannie and Freddie’s
common shares, a slug of which is owned by Ackman, are up more than 500%.

Some investors have estimated that Fannie and Freddie could need to raise more than
$30 billion to have enough capital to stand on their own two feet, which would put the
offering ahead of Saudi Aramco’s $29 billion capital raise in 2019, the largest of all time.

Treasury Secretary Scott Bessent in interviews before the president’s posts said the
administration didn’t plan to tackle Fannie and Freddie until after finishing Trump’s
tax bill and tariff push. He said the administration’s guiding principle would be that
whatever is done can’t raise mortgage rates.

The Treasury Department pointed to those statements when asked for comment.

Among the least excited about a potential public offering are investors in Fannie
and Freddie’s trillions of dollars in MBS as well as the mortgage-industrial complex
of lenders, servicers, and real estate agents that depend on the steadiness of
Fannie and Freddie for a strong housing market.

Mortgage rates would likely rise if the government released Fannie and Freddie,
many analysts believe, though details are uncertain and will matter. Among them
are the level of capital the companies will be forced to hold in reserve. Depending
on that figure, Fannie and Freddie could have to raise their mortgage fees just to
earn a return on capital that is palatable to investors, which would likely raise rates.

“Remaining in conservatorship is a better outcome than a quick and poorly
conceived exit,” says Bob Broeksmit, who heads the Mortgage Bankers Association,
an industry trade group.

Any plan to return Fannie and Freddie to private hands will also need to address
whether and how the U.S. government will continue to backstop the companies’
MBS. The companies were originally chartered by Congress as quasi
governmental entities. Fannie and Freddie executives long insisted that they had
no government guarantee, but investors essentially ignored them, trading their
securities as if they had such a backstop. When the companies failed in the 2008
crisis, the government made that “implicit” backing official.

Now, some mortgage lenders and fund managers are worried about how investors
would treat the bonds if Fannie and Freddie left government control. Any doubt
about the government’s backing could cause mortgage rates to rise.

“I want to be clear, the U.S. Government will keep its implicit GUARANTEES, and
I will stay strong in my position on overseeing them as President,” Trump wrote
in a Truth Social post in May.

That latest message from the president leaves the path ahead unclear. It suggests
that despite his earlier pledge to take Fannie and Freddie public, he still intends
to retain control of them somehow. That prospect has worried some Fannie-Freddie
shareholders in recent days.

Fannie Mae Freddie Mac

There are indications that the president’s posts surprised some administration officials.
Treasury officials had told some mortgage investors in the days before the posts that
serious work wouldn’t begin on a plan until after the president’s “one, big, beautiful bill”
passed Congress, according to a person familiar with the matter.

“Any actions under consideration will be carefully evaluated in a safe and sound manner
to deliver on the president’s historic agenda,” said White House spokesman Harrison
Fields in a statement.

Former private-equity executive Bill Pulte leads the Federal Housing Finance Agency,
or FHFA, and controls the conservatorship for Trump. In meetings he has expressed
an interest in listing Fannie and Freddie shares on the New York Stock Exchange,
where they haven’t traded since 2010. That move would likely raise the price and liquidity
of shares and could make them eligible to be owned by more investors.

Otherwise, Pulte has said he is deferring to the president for what exactly should happen
with the companies, according to people familiar with the meetings.

In TV interviews since Trump’s posts in May, Pulte has said he can’t imagine Trump
relinquishing control of the companies and that the president could decide to sell shares
of the companies without them actually leaving government control.

“We are studying how, if the president elects to take Fannie and Freddie public,
it can be done in the safest and soundest manner which includes keeping them in
conservatorship,” said an FHFA spokesperson in a statement. “In any scenario, we
will ensure the MBS market is safe and sound and that there is no upward
pressure on rates.”

A plan could turn a Fannie and Freddie offering into less of a bonanza for private
shareholders and more of a government cash grab if Trump decides to hold on
to the companies but somehow monetize the government’s stake of warrants and
senior preferred shares. Sales of the shares could go to pay down the deficit or
even become the seed corn for a sovereign-wealth fund, which Trump has
expressed interest in creating.

“The hard part is we don’t even know what they’re motivated to get. Is it revenue?
Is it a payout for shareholders?” says Michael Bright, who heads the Structured
Finance Association, a trade group that represents bond investors.

Still, some analysts think that Trump will eventually get a complete release done.
Analysts for policy research firm Capstone assign an 80% probability that Fannie
and Freddie are privatized under Trump. A potential next step, say the analysts,
is an executive order from the White House that directs agencies to come up
with a release plan.

Key to Ackman and other shareholders’ investment thesis is for the government
to essentially waive its $348 billion in preferred shares. That is called for given
the $301 billion in dividends that Fannie and Freddie have paid to the government
since being taken over, the shareholders argue. If the government doesn’t waive
its preferred shares, its stake–along with that of the private preferred
shareholders–could be converted to common stock, heavily diluting private investors.

“Shareholders don’t have their hands out. The opposite is the case,” Ackman said

in an X post on June 3. “Hundreds of billions of dollars of funds that belonged
to [Fannie and Freddie] were unilaterally taken by the government years ago,
and the companies never received credit for these payments.”

But it may be an uphill climb. The first Trump administration attempted to end
government control of Fannie and Freddie before being derailed by Covid-19.
In that process, the Treasury Department found that waiving the senior
preferred balance would be illegal, former FHFA director Mark Calabria wrote
in a 2023 book. It was instead considering converting the government stake
to common equity.

Calabria now works at the Office of Management and Budget. An OMB
spokesperson did not respond to a request for comment.

Ackman and other investors have argued that if their shares are wiped out,
demand for the companies’ new shares would evaporate.

“Ultimately the government has to clarify what Treasury is going to do with
its senior preferred stake. That’s the billion-dollar question in all this,” says
Capstone analyst Spencer Van Every.

Also unanswered is whether the companies will pay a fee to the government
for their backstop, whether the government will retain a stake in the
companies, and even whether Trump will give up control.

For nearly 17 years, the countries’ largest MBS investors, hedge funds,
mortgage lenders, and the government have jockeyed over how to resolve
the last outstanding bailout from the 2008 crisis and in so doing determine
the future of $7 trillion in mortgage bonds and hundreds of billions of dollars’
worth of stock. There’s no telling where the companies end up,
but the fight is on.

[Louie_Louie]

Easy way for the government to make big $$$$. Buy out all the JPS at 65%-70% par. Issue new commons to replace them, and take them to the market at release (Trump gets his PO - not IPO). Do the JPS buyout with government funds and then use the reissue sale of more common shares to get back the money (and then some!). Easily cancel the senior preferred shares and the warrants, cherry on top is the expensive dividend JPS is gone... Is it dilution if they issue more shares to cover for the disappearing JPS??? I don't think so, it's turbo charging the commons value. do this and kill many birds with one stone. The government could even keep some of the newly issued commons to have their control or a fee (dividend) for providing the backstop. If JPS are a problem, and they are dividend wise and have been with law suits, then this is how you solve it. The companies are allowed, per the JPS contracts to buy back at anytime, no JPS vote needed. Would the JPS owners cry and scream? Sure, but they can't do anything about it. Even Trumps pal Paulson who has a ton of JPS would love this because I'm pretty sure he bought his JPS shares at far less than 65-70% par, Ackman also. You kill many birds with one stone, but the government would need to provide the front money to buyout the JPS so as not to hurt the GSE's capital or release momentum. JPS CAN NOT sue for this, unlike how the common shareholders can sue for exercise of the warrants. Just something I was kicking around, thinking about - an idea.

[trunkmonk]

Well we agree on that. But anyone bashing here will be met with facts and historical and future reality according to laws, court rulings, and HERA. I’ve had it with P and short spaz’s

[Sammy boy]

Wow, that Semper guy is a Spaz!

[trunkmonk]

The real dummies think going up on super duper low volume means nothing until release….when in fact almost ALL parabolic moves are on low volume. Why, there are no shares in da float, and if u really want one, it will cost u much more than that moment u realize i want one. It’s called chasing, MMs love it.

[Sammy boy]

Automatic profit taking key number never fails! Almost sold a little myself but not getting into my core.

[trunkmonk]

Up 3% so far, ouch for the hit pieces scabs dream of finding each day. Behave kiddies, long way to go.

[Sammy boy]

URA Democrats insiders buying I knew it, they don’t lose! Buying at 28 dipped to 22 now 36 in a month !

[trunkmonk]

Some people know nothing, just pretend to be a source of info. they surely hate and attack GSEs and anyone who supports them. I kinda doubt many are short, I dont think they are smart enough to even know how. its really just GSE stalkers and haters that will be meaningless once they uplist. If your a new investor, please take the time to figure out who they are, and never follow their advice or opinions.

[Sammy boy]

Behave yourself!

[trunkmonk]

Glad to see you can at least google, shorts running scared, maybe final burn coming.

FFFreaks dont understand, it will be uplisted way before release, its not a matter of if, its when

[Sammy boy]

https://www.realtor.com/news/real-estate-news/trump-fannie-freddie-conservatorship/

[trunkmonk]

An army of aliases while somehow we have done wrong. I’m just glad Trump and Pulte are there. We need Bessent to give the nod to Trump. Thats the way it works.

[QueenVic]

Exactly!

It appears the more newbie's come out, they seem to be GSE experts.

[Louie_Louie]

Yes 95 combined. I was referencing Fannie's capital. But yes, combined it's even more criminal! Where'd it go???? Government black hole.

[nagoya1]

These new GSE insiders crack me up, they keep on peddling their dumbass newsletter. What does Crod really know about the GSEs besides snake oil.
Waiting to see if we get any announcements of uplisting on Friday after hours. A BigBadBirthday for us as well as sticking it to pocahontas.
Fnma

[QueenVic]

... Maybe ask Rod Martin;

How much for your Premium subscription?
Do you know how many steps?
And is he 'buds' with John Carney?


...just saying 🤪🤪

[Guido2]

My response to Rod Martin:

If President Trump does all the above steps you listed, he'll be an even bigger crook than President Obama who looted $256 billion of their equity. On the other hand, if he does what's right by Fannie & Freddie, Ginnie Mae will be worth over $300 billion in an IPO.

— Guido da Costa Pereira (@GuidoPerei) June 9, 2025

[Ace Trader]

Bill Ackman is setting his Investment company up like Warren Buffet. He said so in a recent video he's modeling it this way. Like Buffet holding CoCo Cola as his ROCK with $700,000 in dividends per year Bill Ackman will do this with his large investment in Fannie Mae & Freddie Mac. Some 115 million common shares in both companies @ $2.40 dividend per share, that's a income of $276 million a year for each GSE's so over $500 million in div income per year!!!

[tuzedaze]

David is right on the money again…..

One glaring mistake, in a letter about Fannie & Freddie from Senate Democrats to Pulte, reminds us that almost NOTHING about the GSE conservatorship is what it seems, or withstands scrutiny. An explainer thread. 1/https://t.co/3nKHxD1OGz

— David Fiderer (@Ny1david) June 9, 2025

[trunkmonk]

Although many so called authorities, especially the Thompson deception twins, claim Wall Street debt didn’t get dumped on twins. In fact I think the money you speak of is in the 11k docs, along with much much more deceit and corruption.

[Golfbum22]

I recall it was 95 billion for both gse’s

Govt magic trick

Now you see it

Now you don’t

Lawyer Thompson was and still is pathetic

[Louie_Louie]

Where'd the existing capital go that they had also! Remeber the 65 billion that both Fan & Fred had prior to CONservatorship? NO ONE has accounted for it. That was most likely the seed money for the affordable care act, at the time, and also for bailing out the banks (crooked bankers). Maybe that's how the deal was struck and how both parties agreed to letting the GSE's be the patsy scapegoat???

[trunkmonk]

If u want to talk legal, GSEs were stripped illegally from their profits. Clear violation of HERA, so is SPSA. But I get it, majority ive known over the years are just BS artists making trades, hating commons, could care less about legal other that their PAR.

[trunkmonk]

actually you left out 2 of the most prevailing issues, Ps want commons to go to 5c so their Ps can be converted to commons at an all time ever low price, and HERA has been violated yet Ps think its ok as long as they get Par after all time insane dillution(100x their original shares) and Commons get the shaft.

[Ace Trader]

P's want par because that is the legal contract for the debt !! Commons want justforcation because they own the company.

Both have the same profit view! They all want what they paid for !!!

I own both common and JPS in both compaines

[trunkmonk]

Ps want Par and divis, but its ok for them to get rich, but not Cs whom actually own the companies and have a solid case from at least 2 courts, either everyone makes money, or we get it in largest class action in history....HERA HERA

[Ace Trader]

G-day Mate as we say down here in New Zealand (when I'm here). Welcome to the Freddie Mac board. A more laid back board pretty much everyone is respectful here bringing in a wealth of info on Freddie Mac.
Next week I'll be back in Canada & Alaska so be keeping an eye on if and when news comes of an uplist to the NYSE. Very possible this will happen first to increase share price and exposure on a major exchange.

[kegstackz]

Hello FMCC board,

As a FNMA daily poster, wanted to come say hi -- considering i have about 60,000 shares of FMCC as well.

Show Fredrick the love he deserves.

Onwards, wayward souls. June 12th we see volume go berzerk? This I prayeth.

[QueenVic]

Yes, I saw that earlier. It's a dead give away when them ppl chime in on their theories, unjustified enrichment, to the point - just plain stoooooooooooooooooooopid.


No more 🌮🌮🌮🌮🌮🌮🌮🌮🌮🌮🌮🌮🌮🌮🌮🌮🌮! We're gonna have 🥩🥩🍾🍾🍾🥂🥂🥂🥂

[Golfbum22]

Posted by wdereb on fnma board

https://www.banking.senate.gov/imo/media/doc/Warren%20Letter%20to%20FHFA%20on%20GSEs.pdf

Since I cannot reply there

This definitely means admin action is coming very soon!

Go FnF

[QueenVic]

It's the strategy of mind games. He'll hit that button soon...maybe sooner than we think? 😉

[trunkmonk]

When Congress want to get involved, it gets mucky again, Trump needs to push for uplist and plan for release, otherwise, stocks will suffer until mid terms and nobody knows after that. the dark side is striking again, they will become more powerful if its not resolved soon.

[Louie_Louie]

Staged misdirection for a reason, yet to be revealed, is my guess. It's already throwing the media into a lying, misquoting hot mess, LOL.

[nagoya1]

I concur, it seems staged so E can get back to selling cars again. T might stop the EV subsidies but consumers still see the economic savings.
Staging animosity will sway Dems back to buying E’s cars.
Funny that Bill A is the friendship broker, as both E and Bill were large donors.
Fnma

[Golfbum22]

I think the whole E and T fight was staged

All part of the plan to get things done sooner

And make it look like a
Huge win for T

Gotta fight fake news with fake news

Just like fighting fire with fire

Go FnF

We need big news before July 4th

[trunkmonk]

I followAno on x. Much better day today which is why the skateboarder showed up over on other GSE. He got put in his place, he whined, then Shelly showed up. Turds trying to get people banned so they can’t balance the BS from 2 Nicole P crowd.

[Ace Trader]

Ano gives us some insight into the mess the Gov has created. Now are the courts going to up hold the law? Is DJT going to play fair ??

Re: 5th amendment, the contract aka PSPA contains numbers and demand(s) behind the numbers, amendments can be made to alter some parts or modify parts of the contract, it can not alter the complete intent of the contract by undoing the 3rd amendment as that part is now critical to the whole conservatorship and not severable from the contract, for that an addendum is necessary and the implied consent of the old shareholder elected BOD to make it legally enforceable absent that consent FHFA thus cannot out of fiduciary duty agree to a modified contract as it is Government v. Government FHFA-C renegotiating the term of the PSPA means voluntarily ending it or voiding it

[Guido2]

Another day in:

1) Fraudulent conservatorship
2) Stocks traded on OTC while Chairman busy on TV
3) Bleeding money through FHFA's CRT program
4) Unrealistic ERCF that ignore stress test results
5) Fighting in courts to uphold NWSwindle

— Guido da Costa Pereira (@GuidoPerei) June 5, 2025

[trunkmonk]

Never been to turning stone. I know it’s 5 star everything. I grew up with a state police inspector who was assigned there for years. He had his office in one of the suites. Maybe GSEs resume the march to seeking its true value again today? One can only hope Pulte stops his over posting cause it always causes confusion.