Freddie Mac-No Politics (FMCC)

[FFFacts]

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.

[FFFacts]

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.

[tutt1126]

https://www.icba.org/search-results?indexCatalogue=icba-main-search&searchQuery=Gses&wordsMode=AllWords

[tutt1126]

https://dclta.com/industry-news/gses-issue-new-guidance-on-ron-powers-of-attorney/

[Stockman1010101]

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

[tutt1126]

I guess you got me wrong.
It was my mistake. I talked about buy stocks.

[Stockman1010101]

how is Mnuchin going to buy Fannie and Freddie. I thought they were not for sale?

[trunkmonk]

https://www.zerohedge.com/markets/softbank-middle-eastern-sovereign-wealth-funds-back-mnuchins-25-billion-private-equity-fund

[tutt1126]

Pps can be electrified to be a second gme and shake a global financial markets if Mnuchin buys fannie and freddie in coming days.

[tutt1126]

https://www.worldfinance.com/strategy/what-covid-19-means-for-financial-globalisation

[tutt1126]

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

[Rk3]

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!

[tutt1126]

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/

[FFFacts]

Yes, MH is a key to affordable housing as it is cheaper to build and construct.

[tutt1126]

https://www.housingwire.com/articles/manufactured-housing-is-key-to-affordable-homeownership/

[tutt1126]

https://www.responsiblelending.org/profile/michael-calhoun#:~:text=Mike%20Calhoun%20is%20president%20of%20the%20Center%20for,of%20Self-Help%2C%20the%20nation%27s%20largest%20community%20development%20lender.

[tutt1126]

https://www.responsiblelending.org/research-publication/civil-rights-groups-push-housing-investment-and-equity-human-infrastructure

[FFFacts]

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=165870871

Regulatory? Sure, why not. I don't quite see why that part matters.

There are different classes or takings and different remedies.

As for total versus partial, I definitely say partial because the share price didn't go all the way to zero (the drop in share price is the only way to quantify direct damages to shareholders) and the shares still trade.

Share price doesn't need to go to zero for there to be a total takings. But even if the share price went to 0 or lets say .001 as I think a stock can't technically be 0, why does any of that matter if common and jps are economically worthless?

Right, I'm ruling out 1A. As for 1B, the zero economic value is only a current state, not a permanent state. It would take a confluence of several events to get the economic value above zero, but it is possible.

Plaintiffs have routinely said shares are economically worthless and the nws was in perpetuity.

From all the sources I can find, a takings award is based only on what the property owner lost (what the government later gains is irrelevant), and when those shares were publicly traded in open markets as FnF shares have been, the quantifiable loss by the property owner is just the drop in share price.

Is that also the case in exaction cases? Is that also the case in fraud?

Defendants can be held liable for the drop in share price in the USCFC cases and damages based on the implied covenant of good faith and fair dealing in the DC (Lamberth). I don't see how that's double jeopardy. Maybe the courts would have to coordinate, but I don't see that as preventing both lawsuits from continuing.

I don't believe courts can coordinate in that manner. The parties are the ones that provide motions. Courts can sua sponte submit a question to another court but I don't believe they can coordinate.

No, because the plaintiffs in Lamberth's court are asking for money (among other things). I defer to their expertise here in that I don't think they would ask for this if they didn't think Lamberth's court had the power to grant it.

I suppose we will have to wait for a ruling if at all.

Second question: none, when it comes to any of the existing cases. For a court to actually extinguish the shares, a plaintiff (which I guess would be the government) would have to file a case seeking that as relief. I don't see why they would do that.

I don't get it if the appeals court rules on a full blown nationalization it doesn't make sense that they can't then extinguish the shares. What happens when there is a takings of real property. Does the title get transferred or extinguished or does it just stand with the owner?

[FFFacts]

This a question for you and 'get in there and sell Mortimer' Clarence Beaks or anyone else:

How does Lucas v SC Coastal Commission impact if at all a shareholders Takings Claim?

Keep in mind we are dealing with PERSONAL PROPERTY NOT REAL PROPERTY and not only was the federal government privy to insider information they were and still are in 100% control of all the enterprises business decisions...


Facts of the case
In 1986, Lucas bought two residential lots on the Isle of Palms, a South Carolina barrier island. He intended to build single-family homes as on the adjacent lots. In 1988, the state legislature enacted a law which barred Lucas from erecting permanent habitable structures on his land. The law aimed to protect erosion and destruction of barrier islands. Lucas sued and won a large monetary judgment. The state appealed.

Question
Does the construction ban depriving Lucas of all economically viable use of his property amount to a "taking" calling for "just compensation" under the Fifth and Fourteenth Amendments?

Conclusion
Yes. In a 6-to-2 decision, the Court relied on the trial court's finding that Lucas's lots had been rendered valueless by the state law. "[W]hen the owner of real property has been called upon to sacrifice all economically beneficial uses in the name of the common good...he has suffered a taking."

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=165871309

Since I don't post on fnma board right now.

Question is what was the large monetary judgment awarded? Was it the purchase price of the lots or something more?

[FFFacts]

I am posting on this board for now.

[tutt1126]

There are two ways to build new houses.

1. Build on site.
Too much time needed.
Too much on everything from labor to lumber etc.

2. Manufactured homes.
What  is a manufactured home? You probably grew up calling them mobile homes, but the times, they are a changin’. They’re now known as manufactured homes, and while some elements remain the same—for instance, they’re still built off site and then assembled on site on a rectangular chassis rather than a permanent foundation—today’s manufactured homes are far more customizable and luxurious than mobile homes of the past.
https://www.realtor.com/advice/buy/what-is-a-manufactured-home/

https://ir.skylinechampion.com/overview/default.aspx

Example , skyline champion corporation , ticker is sky.
Democrats and biden are seeking option 2 in order to reduce high price on new houses for low income families.

[tutt1126]

https://www.politico.com/news/2021/07/05/biden-housing-dilemma-low-income-497921

[tutt1126]

https://www.politico.com/news/2021/07/05/biden-housing-dilemma-low-income-497921

[Rk3]

Just sent out letters to some News agencies:

“On a follow up to the continuing Crime of the Century. All of the on-going lies from the government on the Stassy like nationalization of Fannie and Freddie to cover up the gutting of the financial back stop of the entire real estate industry. The very purpose of these companies are to offer continuous liquidity in a Down Turn in real estate. The government has squandered this buffer coupled with the Fed backing itself into 0% interest rates, printing money and rampant inflation. There will be an trifecta exaction for this gov foolhardy behavior all the while spewing “Rule of Law”, “Transparency”, “Honesty”. This is happening in broad daylight right in front of our faces and after 13 years of the lies, no one can say
“Who saw this coming?” Please for the love of god do some good old fashion investigative journalism and reveal the truth, the whole truth and nothing but the truth!!! No matter where it leads.

Thank you in advance for your soon to be massive success bringing this to the American People.

Me”

[Latergater]

This is a common board. The pinned post should not be about jr pfds.

[CatBirdSeat]

“ WE DO NOT NEED A FAVORABLE OUTCOME IN THE COURTS FOR THIS TO BE A HIGHLY SUCCESSFUL INVESTMENT !!!! “

- BILL ACKMAN

https://www.gurufocus.com/news/1510153/bill-ackman-comments-on-fannie-mae-and-freddie-mac

[CatBirdSeat]

REPEAT - “ WE DO NOT NEED A FAVORABLE OUTCOME IN THE COURTS FOR THIS TO BE A HIGHLY SUCCESSFUL INVESTMENT !!!! - BILL ACKMAN - 08/25/21

[CatBirdSeat]

Bill Ackman 08/25/21- “Fannie and Freddie continue to build capital, becoming better capitalized and more valuable each quarter.

As we have explained before, we do not need a favorable outcome in the courts for this to be a highly successful investment, as we believe the re-privatization of the two GSEs is their ultimate path, and existing shareholders will be beneficiaries of this outcome. That said, a win in the courts would greatly accelerate this outcome.”

https://www.gurufocus.com/news/1510153/bill-ackman-comments-on-fannie-mae-and-freddie-mac

[Stern is Bald]

Cool did you mow the lawn?

[trunkmonk]

https://ruleoflawguy.substack.com/p/fannie-and-freddie-the-nws-and-the?token=eyJ1c2VyX2lkIjoyNzA2NzIyNCwicG9zdF9pZCI6NDAyMzYyOTgsIl8iOiI3a0d1eCIsImlhdCI6MTYyOTg1Mzc5OSwiZXhwIjoxNjI5ODU3Mzk5LCJpc3MiOiJwdWItMjc4NTcyIiwic3ViIjoicG9zdC1yZWFjdGlvbiJ9.GjTBGvraejD7uJ8Yfpj1U8RsGcm5BHRb8t4nZa_Sh4M

[Red Cloud]

$.79/ order didn't fill today

Maybe tomorrow.....

[pablocruize]

This is where it was 8 or 10 years ago where a lot of money was made in the multiple rip and dips to $6.00

[triloinc]

Looks like the bottom was .80

[HappyAlways]

I bought today at $0.91 and $0.87. I believe the authority will need to release the GSEs someday.

I will buy again at each $0.1 gap. Look forward to seeing $0.2, the all time low.

[highwaymap]

We are at .90


I am out of cash until the end of the month. These are cheap prices. I wish I would have waited but overall I am happy with my buys. Good luck guys.

[highwaymap]

I have been buying on the declines. I sold all my CAT stock and looking to buy 15000 fmcc tomorrow at under a buck to a $1. Good Luck.

[highwaymap]

I got 1000 shares today at a dollar. Wow. How can you not buy a few shares at $1?

[Latergater]

Where are the three average joes? Did they sell and move on?

[tuzedaze]

Curious if AGTHX rolled that 8% shrink in position to one of the preferred or bought back in lower….

[willlbone]

Mortgage moratorium ending soon. Buy now.

[tutt1126]

https://manufacturedhousingassociationregulatoryreform.org/manufactured-housing-association-for-regulatory-reform-blasts-fannie-freddie-continuing-failure-on-duty-to-serve/

[tutt1126]

https://nymag.com/intelligencer/2021/07/biden-unveils-sweeping-anti-monopoly-executive-order.html

[tutt1126]

https://www.politico.com/news/2021/07/05/biden-housing-dilemma-low-income-497921

[BottomBounce]

$FMCC Supreme Court: Mortgage overseer structure unconstitutional
The Supreme Court sent the case involving Fannie Mae and Freddie Mac back to the lower courts https://www.foxnews.com/us/supreme-court-mortgage-overseer-structure-unconstitutional

[tutt1126]

https://www.fitchratings.com/research/non-bank-financial-institutions/fitch-affirms-fannie-mae-freddie-mac-ratings-at-aaa-outlooks-remain-negative-14-07-2021

[BottomBounce]

$FMCC Total Debt (mrq) 2.71 trillion

[Latergater]

Same old song for 8 years.

[CatBirdSeat]

Now wouldnt it be something if all the junior preferred were accelerated redemption before earnings; then the companies anounce a dividend to all common shareholders at earnings…

The message is dont mess with the government, and when it comes to capital structure the government does not care.

The Conservator (Acting) Has all the powers of ALL shareholders. She can do whatever the she wants to; and it would be perfectly legal.

She can redeem all the jr preferred stock now at current market prices or wait for them to lose more court cases; i.e., Lamberth gives them another big loss and they drop below a buck.

Today’s prices are the best jr preferred hokders will get other than at most ‘Par’ of $1 a share.

[CatBirdSeat]

Watch Fund Manager Beg Clients To Keep Holding On To Jr Preferred Stock!

Panic Setting In For Jr Preferred Stock Holders This Weekend….

This Fund Manager Must Be Under A Lot Of Pressure After SCOTUS , And After Clients Received Notices From Brokerages Of Accelerated Redemption.

[camaro4me]

fmcc shorts covered 18.75


https://otcshortreport.com/company/FMCC