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GOVT filed to have 8-0 Jury verdict THROWN OUT
Senator Hagerty: transcript -
Director Thompson I would like to direct this to you. You have testified that in order to end conservatorship
of Fannie Mae and Freddie Mac, two things need to happen. First, they’ve got to build capital through
retained earnings before ending the government’s 15 year long conservatorship. Second, you’ve said
that Congress needs to decide the future of these two government sponsored entities and the US mortgage
finance system more broadly. On the first point, the quickest way to end the GSE conservatorships is to
raise private capital just as bailed out banks were allowed to do in the wake of the 2008 financial crisis.
Now that the GSEs control so much of the housing market, there seem to be a reluctance to relinquish
government control. I ask myself: Why? Well, judging by the redistributive housing policies that have
been pursued while you’ve been at the helm of FHFA it seems that the GSEs are viewed by the Biden
administration as simply backdoors to push its DEI social policy agenda which is well beyond your
mandate.
On the second point, congress has already decided what type of mortgage finance system it wanted
with the 2008 HERA law. That law significantly enhanced the regulatory and supervisory powers of
your agency over Fannie Mae, Freddie Mac and the Federal Home Loan Banks. The problem here
is that the Obama and Biden administrations have never taken their feet off the throats of Fannie Mae
and Freddie Mac so that they can succeed as private companies. The responsible thing to do for yourself, f
or Secretary Yellen and for Attorney General Garland is to continue the work that was begun by former
FHFA director Calabria to raise private capital and return Fannie Mae and Freddie Mac to the private markets.
This would result in a $100B+ windfall for taxpayers and could be used to immediately to help expand
the countries housing supply and support affordable housing for Americans most in need. We talked
about this at the time of your confirmation to be the agency head and our housing markets and
American taxpayers deserve to see these conservatorships to be brought to an end.
I appreciate your full attention to this in the time you have left remaining as director. Thank you.
"The problem here is that the Obama and Biden administrations have never taken their feet off the throats of Fannie Mae and Freddie Mac"-Senator Hagerty --- transcript https://t.co/fLfYmusMHh $FNMA #FANNIEGATE pic.twitter.com/fLnTGlHz7c
— Fanniegate Hero (@DoNotLose) April 18, 2024
.@SenatorHagerty did a good job pointing out that HERA 2008 commands FHFA to pursue the end of conservatorships via Recap and Release when acting as conservator AND says that doing so will produce $100B+ to solve the affordable housing crisis $FNMA #FANNIEGATE h/t @timpagliara
— Fanniegate Hero (@DoNotLose) April 18, 2024
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
Freddie Green _ +.02 .... back on the Train .....
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.....
163,405 Block BUY - Shorts probably started the rumor -
they've done similar stunts many times - Whales are scooping
up the cheapies at least - STRONGER HANDS -
recovering after the no reason Dump ...
solid FREDDIE BUYING into the close ...
Freddie Vol 3.4 Mil vs Fannie Vol 3.1 Mil
FHFA ...
solid FREDDIE BUYING into the close ...
Freddie Vol 3.4 Mil vs Fannie Vol 3.1 Mil
234,966 Block BUY ... hungry Whales 
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.
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
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