Freddie Mac-No Politics (FMCC)

[camaro4me]

Listen all the way to the end. Very interesting.

Oral arguments were held December 9 2020 yet Pagliara says the average day for an opinion is 84 days, I agree, but Pagliara says 84 days from December 9, 2020 is in May lol. My count is March. Could be that we get an opinion in April 2021

[Latergater]

Another 4 years of inaction. Last one out turn off the lights.

[tutt1126]

https://newyorkminute.blog/2021/03/04/cfpb-proposes-delay-for-mandatory-compliance-of-general-qm-final-rule/

[tutt1126]

https://www.ad-co.com/s-curve/agenda-completing-gse-reform

[tutt1126]

However, the GSEs currently hold only about $41 billion in combined capital. but biden will spend 640 billion.
https://bostonagentmagazine.com/2021/03/01/when-fannie-met-freddie/

[tutt1126]

https://www.statestitle.com/resource/amrf-becomes-another-chapter-in-the-gses-conservatorship-saga/

[tutt1126]

https://tennesseestar.com/2021/03/24/cap-wealth-management-cio-tim-pagliara-talks-about-his-book-and-outlines-the-two-upcoming-lawsuits-surrounding-fannie-mae-and-freddie-mac/

[tutt1126]

$2

[Latergater]

Some people invested in freddie and fannie common shares and failed in their marriage and saving for their children's college expenses.

But the average joe will prevail when the secret plan is revealed.

[tutt1126]

https://wallmine.com/otc/fnma

[Taurus69]

$fmcc $1.84 v -0.01 (-0.54%)
Volume: 234,540 @03/19/21 12:22:21 PM EDT

[Latergater]

Wrong again.

[Rk3]

Very interesting watch, thx Camaro:

“Check this out. Could be big impacts for fmcc

“

[camaro4me]

Check this out. Could be big impacts for fmcc

[camaro4me]

Agree. Mid-March is the average time for SCOTUS to rule from the hearing.

[camaro4me]

Some people invested in freddie and fannie junior preferreds and failed in their marriage and saving for their children's college expenses.

[stockprofitter]

Nobody knows exactly

[stockprofitter]

Should hear from SCOTUS soon

[stockprofitter]

Some people wish harm on Freddie

[stockprofitter]

Very strange

[Latergater]

Foreshadowing to the commons being wiped out in a restructuring?

[CatBirdSeat]

A colleague of mine said a strange thing happened with the fmcc stock he bought on Monday. The shares did not show up in his account, so he I called Fidelity yesterday and got the shares after about an hour bitching over the phone. wtf?!

[EternalPatience]

50-50

Anyone else who says anything else is totally BS'ing that they know ACG folks and friends of friends etc...

[trunkmonk]

Snippet for reference

Collins v. Mnuchin, No. 19-422 [Arg: 12.9.2020 Trans./Aud.]
Issue(s): (1) Whether the Federal Housing Finance Agency’s structure violates the separation of powers; and (2) whether the courts must set aside a final agency action that FHFA took when it was unconstitutionally structured and strike down the statutory provisions that make FHFA independent.

[Latergater]

And the clerk was right....again.

[CatBirdSeat]

And So Says The SCOTUS Court Clerk

[Latergater]

No.

[camaro4me]

SCOTUS opinion this week?

[Poketofoolishpeanuts]

At the size of the restructured companies will be, a living will is appropriate for a utility that tailors to financial services. Fnf, will be in c ship for awhile longer. I believe it's too late for r ship. They will have recap and release at some point.

[tuzedaze]

https://www.reddit.com/r/wallstreetbets/comments/ltgox5/dont_underestimate_us_diamond_hands_for_life/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

Us some day....

[tuzedaze]

https://www.brookings.edu/research/government-sponsored-enterprises-at-the-crossroads/

[camaro4me]

Freddie up 9 cents on a friday at close is unusual.

[Latergater]

Last one out, turn off the lights.

[CatBirdSeat]

Soon...,We See What Freddie Can Really Do. So Fast,...You Wont Believe It! $$$$$$

[Bostonsesco]

600,000 shares traded this is abysmal...

[Taurus69]

$fmcc $2 with news

[Taurus69]

$fmcc $1.795 v -0.015 (-0.83%)
Volume: 895,040 @02/18/21 4:00:01 PM EST

[tw3141]

So true!

[trunkmonk]

they keep talking about taxpayers, yet everything, and I mean everything the Democrats so is just the opposite from protecting taxpayers. free this and that, free money, printing money, paying debts, spending trillions on programs that produce nothing for taxpayers other than debt, how about giving 10s of billions to other countries each year,
Release the GSEs, they will do just find in protecting taxpayers, home owners, investors, etc

[camaro4me]

Sounds like FnF have to develop a "living will".

Certainly there are banks that already have a living will that FnF can build off of.


https://dsnews.com/daily-dose/02-16-2021/fhfa-scorecard-prepares-gses-for-ultimate-exits-from-conservatorship

[CatBirdSeat]

Mark Calabria and the companies are technically in violation of their own rule effective today. Its grounds for new lawsuits if not remedied

[CatBirdSeat]

Capital Rule Is Effective Today If Mark Calabria Does Not Carry Out The Rule Starting Today, The Companies Are In Violation Of The Rule. Mark Calabria Would Also Be In Violation Of His Duties As Conservator. https://www.federalregister.gov/documents/2020/12/17/2020-25814/enterprise-regulatory-capital-framework

[EternalPatience]

0.00

[tw3141]

What does that mean to share price

[camaro4me]

Final Capital Rule goes into effect February 16, 2021. That's tomorrow morning folks.

Publication date was December 17, 2020.

Sweet dreams.

https://www.federalregister.gov/documents/2020/12/17/2020-25814/enterprise-regulatory-capital-framework

[tuzedaze]

The January 2021 Letter Agreement also establishes new or modified covenants which impose additional requirements for us to exit from conservatorship, including with respect to capital and the resolution of currently pending material litigation related to our conservatorship and the Purchase Agreement; allows us to issue common stock after Treasury’s exercise in full of its warrant to acquire 79.9% of our common stock and resolution of currently pending material litigation relating to our conservatorship and the Purchase Agreement and to use up to $70 billion in proceeds from such issuances to build capital; and imposes further limits on our business, including limits on our retained mortgage portfolio and indebtedness, secondary market activities, and single-family and multifamily loan acquisitions. With respect to capital, we are required to comply with the ERCF as reflected in FHFA’s recent final capital rule, disregarding any subsequent amendment or other modifications to that rule. Treasury and Freddie Mac also commit to work to restructure Treasury’s investment and dividend amount in a manner that facilitates our orderly exit from conservatorship, ensures Treasury is appropriately compensated, and permits us to raise third-party capital and make distributions as appropriate.

[camaro4me]

Thank you for your reply. Scotus has already heard this case. IMO we hear their opinion late spring, summer

[trickybiz]

Earnings are already fine, sadly the treasury is sweeping most of those earnings for the treasury. Will this ever get out of conservatorship, or will fmcc be frozen like this for ever? Scotus will hear the case in June, I think the supreme Court will si

[camaro4me]

Earnings coming up soon. Should be a whopper.

[tutt1126]

#SCOTUS is expected to issue opinions on Wed., Feb. 3. The justices are in the middle of their winter recess and would not normally issue opinions. But b/c of the pandemic they don't take the bench to release opinions these days -- only releasing them electronically.

— Amy Howe (@AHoweBlogger) January 29, 2021