[EternalPatience]

Freddie commons and preferred get zilch interest under Virginia law... only Fannie preferred eligible under Delaware

[primewa]

The US housing market is headed for the largest sales slowdown since 2011, Fannie Mae says. Why am I not surprised 33 trillion current debt? Support for endless war nothing to do with America interest, not MAGA, so may problems here instead other place of the world. In 2025 F&F will free at last from the current useless let go Branden regime. All the crooks gov will paid back for what they done under new GOP 2025 white house.

https://markets.businessinsider.com/news/commodities/us-housing-market-outlook-recession-economy-slowdown-fannie-mae-2023-9

[Bostonsesco]

So some kind of ruling on Monday is what we’re hearing if I’m correct @ least for Freddie commons?

[primewa]

The Mysterious Block Trade of FNMA Shares An Intriguing Event in Securities Trading. Either release GSE out of Cship as matter of time or compensate F&F for the last 15 years in hostage by crook gov and crook court period. I can't wait for DJT to fired the useless puppet fhfa regime soon enough in 2024.

https://beststocks.com/title-the-mysterious-block-trade-of-fnma-shar/

[s404n1tn0cc]

Amounts to 30 to 40 cents a share as penalty.. HAHAHA Sure we'll pay ...So we can walk away with ...what is it now 8 Trillions in assets HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAH!!!!!!!!

[Ace Trader]

WIN FOR SHAREHOLDERS !
The jury awarded Freddie Mac shareholders $312 million and Fannie Mae shareholders $299 million for a combined $612 million in damages in the first court case to decide in favor of the GSEs’ shareholders.
This is a small victory, however, as the $612 million represents an extremely small fraction of the billions in dollars in profit the GSEs have subsequently sent to the government. The question of whether the GSEs’ shareholders are entitled to redress has also had a surprisingly tortured case history, with the court’s decision seemingly antithetical to the view of the Supreme Court in Collins v. Yellen. It is likely the FHFA will appeal.
Under the Fifth Amendment, private property cannot be taken for public use by the government without just compensation. Berkley v. FHFA represents the first steps taken in 15 years to provide some financial redress for shareholders. More important, it represents the first time the courts have recognized that the net worth sweep represented a breach of contract that amounted to little more than government seizure of property. If only the same progress could be seen in unwinding the GSE conservatorships.

YOU BET YA ! Lets see what Judge Lambert decisides for FNMA JP's !! I'm in the money !

[Ace Trader]

Full list of GSE's prices as of today
https://finance.yahoo.com/quotes/fmcc,fnma,fmckj,fmcki,fmccm,fmcck,fmcct,fmcci,fmckk,fmccg,fmcch,fmccl,fmccn,fmcco,fmccp,fmccj,fregp,fmckp,fmccs,fmcko,fmckm,fmckn,fmckl,fnmap,fnmao,fnmfo,fnmam,fnmag,fnman,fnmal,fnmak,fnmah,fnmai,fnmaj,fnmas,fnmat,fnmfm,fnmfn/view/v1?guccounter=1

[tuzedaze]

Was any of these agreements made with the UNITED STATES OF AMERICA, INC or the United States of America?

[FFFacts]

If
Trump P
Kristi VP
Vivek AG, Sec of Treasury or Secretary of Commerce
Vivek will be the person in the cabinet to resolve the conservatorship.

[tuzedaze]

Here we go again….


https://www.cnn.com/2023/08/15/investing/michael-burry-stock-market-crash/index.html

[trunkmonk]

GSE stock exactly the same now. Go figure.

[primewa]

I am 1000% agreed.  The can of worms soon will be open wider and let hear the truth why F&F be in Cship after they paid back plus interest? Why does the US gov continue to hold F&F hostage and US honor judges? sorry US corrupt judge can not make the decision F&F in Cship for 15 years. Only the average people get it done without wasting taxpayers money that the US gov stole F&F SH $$$ from the gecko.  The US supreme and US fifth circuit  with good education background law can't not see through the US gov stolen the $$$ from F&F SH then go around here and there wasting too much taxpayers knowing in the end the result that US gov stole $$$$ from F&F SH period. What a shame the US court and US gov both stole $$$$$ from hard working folks that put their life savings in F&F and got ripped off from the people in charge called gov. No issue for spending billions upon billion in the war with nothing related to MAGA plus the disaster in Maui. What happened when US gov got caught for lied? Well the US Gov will continue lying just like nothing happen. Truth to those don't want to hear the truth.

[955]

Actually, it's not what was the jury thinking? It's more about what was hidden from the jury so that they could make an informed decision. Disgusting, sickening what these Gov mobsters are permitted to get away with. I for one remain hopeful this is only the first puncture by the can opener. Release the cracken!

[955]

Peanuts compared to what was stolen from people's retirement accounts. Where's the justice? What was the jury thinking?

[primewa]

The jury awarded Freddie Mac shareholders $312 million and Fannie Mae shareholders $299 million for a combined $612 million in damages in the first court case to decide in favor of the GSEs’ shareholders.
This is a small victory, however, as the $612 million represents an extremely small fraction of the billions in dollars in profit the GSEs have subsequently sent to the government. The question of whether the GSEs’ shareholders are entitled to redress has also had a surprisingly tortured case history, with the court’s decision seemingly antithetical to the view of the Supreme Court in Collins v. Yellen. It is likely the FHFA will appeal.
Under the Fifth Amendment, private property cannot be taken for public use by the government without just compensation. Berkley v. FHFA represents the first steps taken in 15 years to provide some financial redress for shareholders. More important, it represents the first time the courts have recognized that the net worth sweep represented a breach of contract that amounted to little more than government seizure of property. If only the same progress could be seen in unwinding the GSE conservatorships.

Go ahead appeal the verdict crook. Crook gov can hide but can run forever. Crook gov rather spend billion of billion for war not taxpayers interested instead MAGA and help disaster in Maui. F&F SP will head to the moon when MAGA reclaim the WH. Believe that.

[Ace Trader]

Sure seems like the normal again and hopefully pre covid levels in the $3 range

[tuzedaze]

Are we going back to the $.10 gap between FnF?

[Ace Trader]

Not so fast !
Unfortunately…..

Purchaser may, in its sole discretion,

[nagoya1]

It’s a legal stepping stone, I’m still cautiously optimistic. What will the deceitful govrats do now is on my mind.
What will ST do with the GSEs…between rubber chicken luncheon bites.
What will Treasury do.
What will happen with the other lawsuits.
And most importantly, how will the PPS reflect positively for shareholders. So far nothing to write home about.
Fmcc

[trunkmonk]

If anyone thinks it through, it’s huge for common shareholders stock infinitely more than instant compensation. Get with the program.

[CatBirdSeat]

PSPA Is NULL & VOID

https://www.fhfa.gov/conservatorship/documents/senior-preferred-stock-agree/fnm/spspa-amends/fnm-spspa_09-07-2008.pdf

6.12. Non-Severability. Each of the provisions of this Agreement is integrated with and integral to the whole and shall not be severable from the remainder of the Agreement. In the event that any provision of this Agreement, the Senior Preferred Stock or the Warrant is determined to be illegal or unenforceable, then Purchaser may, in its sole discretion, by written notice to Conservator and Seller, declare this Agreement null and void, whereupon all transfers hereunder (including the issuance of the Senior Preferred Stock and the Warrant and any funding of the Commitment) shall be rescinded and unwound and all obligations of the parties (other than to effectuate such rescission and unwind) shall immediately and automatically terminate.

[basesloaded]

Most win for the preferreds this case. Do you know when is the next important important case?

[PigglyWiggly69]

Just checking, thought my feed stopped on August 2nd. Enjoy the place, have a party, cuz nobody else seems to use it!

[EternalPatience]

I use this as an Airbnb every once In a While

[primewa]

Biden requests $40B to boost funding at select agencies???? Can someone please show let's go Brandon release F&F out from Cship can get whole lot more B of B and can used B of B to take care the many things instead of asking taxpayers to chip in 40 B emergency?

https://www.govexec.com/management/2023/08/biden-requests-40b-boost-funding-select-agencies/389319/

[PigglyWiggly69]

Anyone alive in here?

[trunkmonk]

Very informative post and does show people how little government cares about people.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172501927

[trunkmonk]

Still seems to be a lot of shares left in the float. Otherwise it would have stayed up there around 50c as volume decreased during the day.

[tm3141]

long overdue for the rise!

[trunkmonk]

Still up 10% so far today, nice run above 50c earlier.

[sidedraft]

Does "Ps", mean, "pumper clowns"?

Now the Ps claim that when they state something then it is what they say it is. Bwahaha. Sounds like someone in Biden Admin.

[trunkmonk]

Yup. Correct.

[Ace Trader]

Well I own both and so does alot of posters on both boards. I want a good out come for all ! But really understand it's a risky investment weather your common or JPS.

[trunkmonk]

Now the Ps claim that when they state something then it is what they say it is. Bwahaha. Sounds like someone in Biden Admin.

[trunkmonk]

The Ps are working hard to report commons and get them on 1 post a day on fnma. All while they lie and talk falsely about restructuring jargon instead of recap while we all know if released normally debt would disappear the same day with minimal ipo sales of shares at pre takeover prices at 60. Only one who hates commons wants it different. Hate will destroy them, this I am absolutely sure of. Their passive aggressive behavior for years makes it worse.

[tm3141]

agreed

[trunkmonk]

Restructuring talk is all bogus and not factual. Don’t buy it, buy the dip in commons not the BS in preferred receivership logic.

[trunkmonk]

Commons waking up, JPS huge dumping today.

[trunkmonk]

Mostly backfire sounds coming out of Democratic Nationalization machine someday to be sonic booms from common shareholders.

[navycmdr]

Booom Booom Booom !

standby for more Booms ! ...

#NEW: Chairman @PatrickMcHenry, @RepAndyBarr, @RepHuizenga, and @BankingGOP Ranking Member @SenatorTimScott led an amicus brief signed by 132 lawmakers challenging the unconstitutional funding structure of the @CFPB.

Read more 🔗https://t.co/u363w6Sn8v

— Financial Services GOP (@FinancialCmte) July 11, 2023

[trunkmonk]

Somehow the Ps are putting dilution protection and dividends together for JPS. How many fantasies can they come up with is mind boggling.

[EternalPatience]

You all should take a look at the letters and responses received by FHFA for their request for input on the LLPA... Nearly 130 responses so far and every response is blasting the FHFA

If these inputs are considered seriously, FHFA would drastically lower the ERCF and that will lead to instant release.

No recap, no dilution, and most importantly NO RESTRUCTURING, the guru has been preaching

[EternalPatience]

It is getting extremely frustrating to watch paint dry everyday and the last 1 year has been brutal. Time lost is money lost..

Hope karma takes care of the evil folks who are responsible for this

[trunkmonk]

The receivership version of restructuring, and its mechanics, have been analyzed and studied by everyone involved. The majority opinion on its impact on preferred is anywhere from 1 dollar to par, while impact on commons is from here to $30 before any real law suits are submitted. Settling all suits is getting easier all the time as preferred greed suits are getting destroyed in court one after the other. Commons cases are at the beginning.

[trunkmonk]

GSEs were a dumping ground for bad debt in 2008, any other opinion or view is clueless or bias.

[navycmdr]

other than page 3 highlighted GSE paragraph -

totally ignores TOTAL LOAN REPAYMENT +10% INTEREST

her Conclusion is irrelevant geopolitical diarrhea

[navycmdr]

Thank god! Will he tell us which hole to expect it in?

— 🇺🇸 A RANDOM 🤡 (@MUSKED2023) July 6, 2023

[navycmdr]

During the "Conservatorship" .. Mark Calabria -

FHFA Authorizes More than $1 Billion for Affordable Housing Funds

Largest amount ever disbursed to Housing Trust Fund and Capital Magnet Fund, more than double 2019 amounts

FOR IMMEDIATE RELEASE - 3/1/2021

Washington, D.C. – FHFA Director Mark Calabria announced today that he has authorized the disbursement of $1.09 billion for Fannie Mae and Freddie Mac's (the Enterprises) affordable housing allocations for 2020. This is the largest amount ever disbursed and more than double what was provided last year. Of the Enterprises' provided funds, $711 million will go to the U.S. Department of Housing and Urban Development (HUD) for the Housing Trust Fund, an increase from the $326.4 million disbursed for 2019. The sum of $383 million will go to the Department of the Treasury (Treasury) for the Capital Magnet Fund, an increase from the $175.8 million disbursed for 2019.

“The more than $1 billion disbursed today will help produce and preserve affordable housing throughout the country. The record increase in house prices last year exacerbated the affordable housing shortage. To help increase the supply of affordable housing in our communities, FHFA remains steadfast in support of the Housing Trust Fund and Capital Magnet Fund," said Director Mark Calabria.

The Housing Trust Fund, overseen by HUD, allocates money annually to states and state-designated entities for the production or preservation of affordable housing through the acquisition, new construction, reconstruction, and/or rehabilitation of non-luxury housing.

The Capital Magnet Fund, overseen by Treasury, competitively awards money to finance affordable housing activities, as well as related economic development activities and community service facilities.

[navycmdr]

Chris Roberts Comment on Catmans Youtube video ... priceless !