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1.
"Do you know for sure whether or not punitive damages are off the table in federal court on temporary or permanent unconstitutional taking cases were the federal government acts with malice?"
Robert, I do not know to a certainty. IMO such punitive damages are *theoretically* STILL available. But it would be a rare bird, a true case of first impression for each court to consider, and such a rare award IMO would very likely go up on Writ of Cert to SCOTUS who would then reverse it, for any number of reasons, none I necessarily think are entirely persuasive, but that's that. Better off taking just compensation as the gift horse in a settlement, rather than pushing to trial, let alone all the way to the horse-trading of SCOTUS & federal friends. Just keeping it real.
1. The CRT's are giveaways that are uneconomical and take away from the profits of the gses.
2. Required capital increases with home price appreciation.
3. The adverse market fee is gone.
4. Early payoffs and reduced loan terms hurt the long term profitability of the gses.
5. FICO scores are bs and can be easily manipulated.
6. Home prices are unsustainable in many parts.
7. Zillow is getting out of the ibuying business. What's the reason?
8. Want more reasons?
Each of the two political parties have their own almost 180 degree agenda's and after this summer we know that POTUS ultimately calls the shots at FHFA.
Do you know for sure whether or not punitive damages are off the table in federal court on temporary or permanent unconstitutional taking cases were the federal government acts with malice?
Why don't they just do the death by a thousand cuts route and load the gses up with expenses associated with their social and equitable agenda under the guise of "the public it serves"?
If a federal court never orders them to stop, being 100% in control and loading them up with money losing social programs specifically aimed at their voter base could work for them while we wait for the federal courts to figure out what if anything they are going to do.
Knit one, pearl two…and We wait.
No didn't grow up in the south but people like southern food and it's good business just ask the current fhfa director.
"I say fmcc could go no more than 7 cents up or down from yesterdays closing price." Looks like I was right.
He was better than predecessors.
One public comment that speaks volumes was his request that Congress revise HERA to grant the Director power to grant federal charters for new competing guarantors. He was looking at today & far forward. We never know if he was speaking from theory, practicality, frustration, and/or just having his strings pulled. It was a Long shot seeing as how Corker-Warner and other bills with similar ideology never made it very far. (No way that happens under Biden. Zero chance.)
One thing MC did that I liked was at least he brought up the idea that the government should be following the law and at least had a plan for release, UNLIKE ALL OF HIS PREDECESSORS. Although he was idealistically opposed to having the government interfere with free markets and like any Libertarian thought those that exclusively use government services should pay for their costs. Here, he tried to bring in more competition from the private label market and portfolio lenders by jacking up the gfs so high that the private market would come in. You grew up in the South and I don't mean SoCa, didn't you, cause that's some good eating there !
Maybe when all this is over with we can open up a Memphis barbeque restaurant in SoCo with a bluesy theme like this one https://redhotandblue.com/
Calabria knew what he was doing. He had higher capital standards but so what? They can always be changed at a later time. He was on a mission to release the gss's from conservatorship and he was setting up the framework to appease all sides.
Yes, someone got to the current fhfa director probably threw her a bucket of fried chicken turnip greens, mashed potatoes with all the fixins and a gallon of sweetened iced yes and she definitely doesn't know what she is doing.
I think the giveaway of $15B of much needed capital to the financial establishment is a problem, yet our dear leaders (except MC to some extent) choose to ignore HERA's mandate to preserve and conserve their wards assets. Either the current head of the FHFA is getting bad internal advice, is purposely depleting billions of dollars to satiate her powerful lobbying critics, or WORSE HASN'T A CLUE!
FFFACTS - what do you think will be FMCC price today?
Hope this post doesnt get deleted atleast..
Government will never release Freddie because of covid. Government is going to need every penny they make from Freddie for the next 10 years or more
$FMCC: Added 50k at $1 now........ I'm ON full board
I Know this can get to $3
Lets gooooooooooooooooooooooooooooooooooooo
GO $FMCC
Looks like JANE collecting on level 2 bid.
$FMCC: Great news overnight on FMCC...... FMCC ain't goin ANYWWHERE
Added 50k $FMCC here at $1 !!!!!!!!!
AWESOME NEWS
This should easily get to $3/sh
GO $FMCC
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Freddie Mac Expanding Eligibility to Help More Low- and Moderate-Income Homeowners Refinance Affordably
3:00 PM ET 10/18/21 | GlobeNewswire
Freddie Mac Expanding Eligibility to Help More Low- and Moderate-Income Homeowners Refinance Affordably
MCLEAN, Va., Oct. 18, 2021 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today issued the following statement in support of an announcement by the Federal Housing Finance Agency (FHFA) that Freddie Mac and Fannie Mae's low-income refinance programs will be expanded to include those making at or below 100% of the area median income (AMI)--up from 80% AMI.
Donna Corley, Freddie Mac executive vice president and head of Single-Family released the following statement:
"Freddie Mac is taking action to ensure more deserving homeowners can benefit from today's low mortgage rate environment through refinancing. Working with our lender clients and the Federal Housing Finance Agency, we are now able to help even more lower-income households reduce their interest rate and their monthly mortgage payment through our Refi Possible solution. Our priority is to create more equitable opportunities that responsibly support sustainable homeownership."
Launched in August, Refi Possible(SM) is available to low- and moderate-income homeowners with a Freddie Mac-backed single-family mortgage. These homeowners will benefit from a reduced interest rate and lower mortgage payment, helping those who have not refinanced save an estimated $100 to $250 a month.
Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our creation by Congress in 1970, we've made housing more accessible and affordable for homebuyers and renters in communities nationwide. We are building a better housing finance system for homebuyers, renters, lenders, investors and taxpayers. Learn more at FreddieMac.com, Twitter @FreddieMac and Freddie Mac's blog FreddieMac.com/blog.
MEDIA CONTACT:
Chad Wandler
709-903-2446
Chad_Wandler@FreddieMac.com
> Dow Jones Newswires
October 18, 2021 15:00 ET (19:00 GMT)
Can you post the link to this? Thanks
Also, last hope if all else fails is Trump 2024. We still have a ways to go with fnf. I am buying the lows. V
Just goes to show how inept plaintiffs counsel are. They made a blatant mistake in their most recent filing certifying class plaintiffs.
11.
Plaintiff Borodkin owns Fannie Mae Preferred Stock in the following series:
Series P, Series F, Series N, Series S, Series G, Series M, Series N, Series L, Series T, Series Q,
Series H, and Series R. Borodkin will be appointed a class representative of the Fannie Preferred
Class.
They repeated Series N twice. Also are they suggesting that the other series are not going to be a part of the class?
We wait for the CFC Appeals which should come out with their decision within the next few months. No catalyst until then unless we get some admin action. May happen after 2022 if this still goes on it's path and there is a party split in congress and senate.
The Bhatti appeals ruling should be appealed in part for the claims that was dismmissed.
To the editor,
Congress could put Facebook in conservatorship as they did with Fannie Mae and Freddie Mac in 2008 and 13 years later they are still in conservatorship today. The government used an accounting gimmick with a deferred tax asset to fool the American people that they were in a "death spiral". They could put self dealing Treasury and the FHFA to setup the tried and true "Net Worth Sweep" to drain all the core capital from Facebook and label all their shareholders as "Greedy Hedgefunds". Sound extreme?
Fannie and Freddie are a shock absorber in real estate down cycles operating with almost no capital! Evergrande is failing, terrifying indeed!
Sincerely me
(Maximum letters)
The next court catalyst will be the Federal Appeal decision probably later this year or early next year. That will be a mover, possibly even more so than the scotus decision.
Depending on how the Federal Appeals Court rules in the coming few months this can end badly if the deem a full nationalization which could wipe out all shareholder interests. All other existing shareholder cases could get tossed and the government would pay out a minuscule amount in compensation for the takings.
Else, if shareholders aren't punted out of the capital stack this could rise depending upon admin reform and recapitalization.
There is merit for both scenarios.
I thought you said they were going to buy them out. I bet many are buying at year lows when there is blood in the streets.
GLTY
I guess you got me wrong.
It was my mistake. I talked about buy stocks.
how is Mnuchin going to buy Fannie and Freddie. I thought they were not for sale?
Pps can be electrified to be a second gme and shake a global financial markets if Mnuchin buys fannie and freddie in coming days.
LIBERTY STRATEGIC CAPITAL IS HEADED BY MNUCHIN.
Founded in 2021, Liberty Strategic Capital is a private equity capital firm based in Israel.
https://pitchbook.com/profiles/investor/469990-18
He recently raised $2.5 billion
Gasbagarino has been shilling on XRP/Ripple crypto site. Come on Charles why are Fannie and Freddie shareholders FUD for legally holding shares but he’s raving about XRP holders about to see a win-fall!! Freakin’ hypocrite!
Absolutely hilarious, 2:00 minutes in broadcast host says:
“The drunk dude from FOX news has been tweeting again”
9:00 minutes in:
“Expert: Ripple will win litigation with SEC”
Guys tweet Gasbag and ask him about why he has and is constantly bashing Fannie and Freddie shareholders!
Federal Judge In Rhode Island Rules Non-Judicial Fannie Mae Foreclosures Violate US Constitution
https://mfi-miami.com/2018/10/non-judicial-fannie-mae-foreclosures-1/
Yes, MH is a key to affordable housing as it is cheaper to build and construct.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=165870871
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