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IMO the obvious was looking us in the face the entire time.
— Tony Castelluccio (@T_Castelluccio) April 18, 2024
Biden admins goals NEVER included exit. they have their dream scenario in Cship. control housing mort market, doing uneconomical subsidy programs that cant be forced on comps Outside Cship.
trump/calabria want(ed) exit
$FMCC $FNMA Freddie Mac wants a new role financing homeowners sitting on equity. One banking group isn’t happy. pic.twitter.com/Bxyqr9GXIJ
— Patrick (@InvestIt3) April 18, 2024
He didn’t ask for one. Only discussed the idea of continuing with the plan of building capital towards ending c-ship. There may be some limitations about Him going for heavy dialog on the ‘end of c-ship’ topic.
What did he get for a response
He is confused, treasury owes GSEs more than 100billion.
Senator Hagerty is now ASKING about ENDING the CONSERVATORHIP !
Senator Hagerty is now ASKING about ENDING the CONSERVATORHIP and the $100 Billion windfall to the Taxpayer if they would RELEASE them https://t.co/GaPL8gUBXP
— Cmdr Ron Luhmann (@usnavycmdr) April 18, 2024
Looking forward to today's committee hearing as much as getting wisdom teeth pulled with no painkillers.
Govrats continue to stretch the Lamebrain case, when is he ever going to disappear from our plight...
I got put on 1 post a day on Fannie, I was too persistent with dddumbazz.
All good with you? Warming up a bit on the east coast..soon you'll be enjoying the black flies,lol.
I wonder if today's meeting something positive is said...
Selling pressure should see a pop, lmao !
Senate Banking & Housing Hearing Begins @ 10:10 am EST ...
Link :
https://www.banking.senate.gov/hearings/oversight-of-federal-housing-regulators
that would be unprecedented, not hung jury, not close, complete victory, and they want it wiped out like they do everything else when they screw American taxpayers
Govt goons have filed for Lamberth to THROW OUT the
UNANIMOUS 8-0 JURY JUDGEMENT and the DAMAGES
that "THEY" HAVE AGREED TO .. ! 67 pages worth :
https://www.glenbradford.com/wp-content/uploads/2024/04/13-mc-01288-423.pdf
$Booom ! ...
$FMCC $FNMA Exiting conservatorship is inevitable, not a matter of uncertainty There's clarity on this matter.
— Patrick (@InvestIt3) April 17, 2024
Testimony of Sandra L. Thompson
"FHFA will build upon this work to promote sustainability and durability of these reforms after the Enterprises exit conservatorship” pic.twitter.com/yQCuPJVg3r
How many will fall for the next run up and then a few good drops then trickle drop like now? This has been the MO of those who are manipulating for years now. Too mnay penny chasers on these stocks that pump and are willing to try to day trade this only to realize they are getting played by bigger money, wash, rinse and repeat every quarter or couple quarters. We went up with nothing very solid or transformational as news, and now we go down the same way. How long before penny chasers learn the these 0.5, 0.10, 0.20, 0.25 cent etc runs are nothing more than a fishing expedition for the ones manipulating? Buy and hold the lowest priced shares you can manage to get. when wee see dollar pops, then yes, we are probably heading out of conservatorship, especially if there is "transformational" news. I myself have said a dozen times, until we break past $6 a share (FNMA) and start flirting with dollar pops, we are not going anywhere, and there's a very good chance that any run of a dollar plus over weeks, or months is nothing more than that fishing expedition going on. how many have been burned buying into that? I bet many who don't admit, because they are chasing a short term rise, and then chasing a falling knife.
and this to shall pass.....
FNMA $75 in 2002 was making half as much as in 2024.
If released, the potential is around $150.
150 x 700,000=$105,000,000.
105 million
We are of God and we know that the WHOLE WORLD LIETH IN WICKEDNESS.
GET THAT IN YER HEAD.
----
Col 3:1If ye then be risen with Christ, seek those things which are above, where Christ sitteth on the right hand of God. 2Set your affection on things above, not on things on the earth. 3For ye are dead, and your life is hid with Christ in God. 4When Christ, who is our life, shall appear, then shall ye also appear with him in glory.
5Mortify therefore your members which are upon the earth; fornication, uncleanness, inordinate affection, evil concupiscence, and covetousness, which is idolatry: 6For which things' sake the wrath of God cometh on the children of disobedience: 7In the which ye also walked some time, when ye lived in them. 8But now ye also put off all these; anger, wrath, malice, blasphemy, filthy communication out of your mouth. 9Lie not one to another, seeing that ye have put off the old man with his deeds; 10And have put on the new man, which is renewed in knowledge after the image of him that created him: 11Where there is neither Greek nor Jew, circumcision nor uncircumcision, Barbarian, Scythian, bond nor free: but Christ is all, and in all.
Php 4:4Rejoice in the Lord alway: and again I say, Rejoice. 5Let your moderation be known unto all men. The Lord is at hand. 6Be careful for nothing; but in every thing by prayer and supplication with thanksgiving let your requests be made known unto God. 7And the peace of God, which passeth all understanding, shall keep your hearts and minds through Christ Jesus.
Who knows about GSE advancements, its been so long, I am starting to believe GBs shell phone does get reception. But i sure wish we had ole Abe back. I really liked that guy.
just like i love anyone who goes out on a limb for what they believe is right and just. I love street preachers, their gifts are waiting for them is Heaven, anyone who mocks or torments them have already received everything they will ever get. God bless the lowly, Beatitudes are not very well understood, but someday, mans arrogance will run amuck and everyone will understand them. I sure hope God Blesses the GSE Common stock holders in particular, they have suffered much under injustice for over a decade.
grasping at anything he can - previously Sandra working Hard etc etc
Biden will take action before June - Bernstein and Brainard etc etc etc
She's taking us out of conservatorship $FNMA #FANNIEGATE https://t.co/atiQTqcqwP pic.twitter.com/EIMRRtf6zo
— Fanniegate Hero (@DoNotLose) April 17, 2024
Glen Bradford instructing cship is ending!!
She's taking us out of conservatorship $FNMA #FANNIEGATE https://t.co/atiQTqcqwP pic.twitter.com/EIMRRtf6zo
— Fanniegate Hero (@DoNotLose) April 17, 2024
GSEs green today starting out, KTCarneyval not happy with that,🤑 green with envy. 🤑
totally RIDICULOUS - GSEs have $118 BILLION CASH
any idiot even remotely entertaining receivership idea
has NO BUSINESS owning STOCK in ANY COMPANY let alone Fannie / Freddie
There were rumors of receivership in error
yep that was a VWAP buy too (price indiscriminate)
$FNMAS $FNMA https://t.co/KcCWwAHBt9
— Jarndyce Jarndyce (@JarndyceJ) April 16, 2024
The Sen Banking Subcom on Housing, Transportation & Community Development held a hearing on the challenges facing U.S. #housing stock. Chair Tina Smith stated that full Committee Chair Sherrod Brown is very eager to move forward with a set of housing bills.
— ACG Analytics (@ACGAnalytics) April 16, 2024
GSE Conforming Jumbo Business Up in First Quarter
jdohnert@imfpubs.com
Conforming jumbo volume and other noncore activity at the government-sponsored enterprises held up better than GSE business overall in the first quarter of 2024, according to a new analysis by Inside Nonconforming Markets.
In the first quarter, total GSE volume decreased 14.7% from the fourth quarter of 2023. However, the volume of conforming jumbos included in Fannie Mae and Freddie Mac MBS increased by 8.0% to $6.05 billion in the first quarter.
GSE volume involving investment-property loans and cash-out refinances declined in the first quarter, though at a slower rate than GSE business overall. And GSE activity involving mortgages for second homes declined at a slightly faster rate than total GSE business.
The shifts helped to push the core share of GSE business down to 80.3% in the first quarter of 2024 compared with an 82.0% share in the fourth quarter.
GSEs Hold Steady on Home Sale Commissions / Exams by States Increase
bivey@imfpubs.com
The government-sponsored enterprises issued notices Monday confirming their policies on commissions for home sales following a proposed settlement involving the National Association of Realtors.
“Buyer agent fees have historically been fees customarily paid by the property seller or property seller’s real estate agent, and, as such, they are currently excluded from these financing concession limits,” Freddie Mac said in its notice. “If these fees continue to be customarily paid by the property seller according to local convention, they will not be subject to financing concessions limits.” ...
State regulators initiated 2,085 exams of mortgage companies in 2023 through the state examination system within the Nationwide Multistate Licensing System, according to the Conference of State Bank Supervisors. That was up from 1,481 mortgage exams started in 2022...
That inverse head and shoulders pattern finished up and now we need to close above the $1.50 neckline to confirm a bullish reversal. GLTA!
$Fannie & Freddie 2023 $Combined $Value $7.4 $Trillion
🤣 The Dunning-Kruger effect, instead look into attached pic.twitter.com/I4Mua1ZJ8O
— Ano (@Ano3020100) April 14, 2024
Lots of good questions and info on that blog👍️ Thanks I have not read Howards blog in awhile.
Whalen never did when it comes to the GSEs ... and jus like
Trump derangement syndrome he spent his entire article
trying to dispel / explain away GSE Release?? Really??
which means .... its being discussed at circles / levels
WELL ABOVE our paygrade - that alone is a VERY BULLISH
indicator that it's ON THE TABLE - and posting info is
NOT an ENDORSEMENT just POSTING what is out there
Whalen has absolutely Zero credibility at this juncture in the Twins story!
Tim Howard commented on Whalen's article - obliterates his nonsense
https://howardonmortgagefinance.com/2024/01/16/the-crt-charade/#comments
DATE: Thursday, April 18, 2024 - TIME: 10:00 AM
LOCATION: Dirksen Senate Office Building 538
THE COMMITTEE ON BANKING, HOUSING, AND URBAN AFFAIRS will meet
in OPEN SESSION, HYBRID FORMAT to conduct a hearing on
“Oversight of Federal Housing Regulators.” The witnesses will be:
The Honorable Adrianne Todman, Acting Secretary, Depr of HUD; and
The Honorable Sandra Thompson, Director, Federal Housing Finance Agency.
yer an idiot - Whalen jus talking about
Fannie Freddie means they are being
discussed - I didn't tout or endorse him
so suck eggs JackWagon ...
I’ll be honest I don’t care what he says so I’m not going to listen. His poor logic doesn’t hold up. I don’t know why you tout a guy who says commons and pref are worthless. Even if all he said on tv was that prefs are worthless. If prefs don’t have value then commons might as well cease existing and stop trading. I hope you aren’t that stupid that your hatred of certain pref holders is blinding you.
$Booooom ! - $GSE $Servicing $Portfolios Slowly
Shift Toward Higher Interest Rates
Friday - April 12, 2024 - jbancroft@imfpubs.com
The composition of servicing tied to agency mortgage-backed securities continued to shift toward
higher-coupon mortgages during the first quarter of 2024, according to a new ranking and analysis
by Inside Mortgage Finance.
At the end of March, some 11.1% of agency single-family servicing had coupons over 6.0%. That
was up from 9.1% at the end of 2023 and just 3.1% from a year ago.
Original interest rates on single-family loans securitized since early 2023 have averaged over 6.0%.
At the same time, refinance activity has been relatively sluggish, and many homeowners are reluctant
to buy a new house and give up their low-coupon loan.
The share of high-coupon loans is especially high in the Ginnie Mae market, which has shown the most
net growth. At the end of March, some 13.5% of Ginnie servicing had coupons exceeding 6.0%, compared
with 10.2% for the two government-sponsored enterprises.
Freddie forming almost perfect cup and handle on the monthly
What stuck out to me was where he said preferred are worthless.
Yikes
if you bothered to listen to the Bloomberg Radio broadcast
his comments were all about preferred shares - NOT COMMON
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