Freddie Mac-No Politics (FMCC)

[naveedkhan]

if that's the case, with the W for the 3 other classes (not that it's done or provided any payment to date) why do you think a deep pocketed FNMA C holder hasn't filed the exact same suit? Maybe waiting until the other case is 100% complete? Seems like with the gov. slow roll. you would go ahead and file.

[blownaccount9]

Pretty sure the reason is the plaintiff didn’t hold that class of shares. They had the other 3 though.

[naveedkhan]

I have the same question. I assumed that it was to get through a trial and gain the knowledge on what arguments resonated with the jury, then file FNMA. However, i now think my assumption was wrong because after a hung jury and then a win I would have thought a class would be pulled together and filed by now (almost 10 months).

[blownaccount9]

I think you might be too optimistic on when we see damages check. They’ll stall it out likely at least another year I’m figuring.

Also meant to say earlier this week but thank you for your service Navy both in the military and the stuff posted here.

Last, I didn’t realize Fannie did commercial real estate is that broken down somewhere in the numbers? Do you just mean they do more multi unit housing?

[NeoSunTzu]

Has anyone ever posted a reason Fannie Mae commons were not included in the Lamberth case?

[Stern is Bald]

yep and on top of that FNMA is not listed in the case.... I don't see how people are still asking about that..
Freddie is getting stronger and Fannie weaker for earnings and no way to see damages in the Lamberth case...

[stink stack]

Thanks navycmdr, :)

[navycmdr]

pay attention - next Fannie/Freddie Lamberth Court Deadlines

posted many times ... June 7th then July 16th ... Damages check soon after

[stink stack]

Any idea when we will see a damages check? I have almost given up on that. :(

[navycmdr]

all Freddie shares are very green avg is well below $1.00 ...

bring on the Damages check ! ... -

[Stern is Bald]

Same reason i am all Freddie now… the commercial space is getting crushed right now…

I switched at least a year back…

[trunkmonk]

I know where u work, and considering this, I wonder if u use a glass on the wall trick, and I’m ok with that. And from what I know U R correct about GSE release.

[EternalPatience]

And we thought you came to this board coz of the post limits

[navycmdr]

same reason I switched to all Freddie

commercial real estate taking a major

hit as work from home continues and

large office buildings are empty along

with being sold for pennies on the dollar

Freddie is smaller in size & is mainly

focused on residential & multi-family

real estate - Fannie much larger and

does more Commercial real estate 🤔

[blownaccount9]

That is wild. I wonder why Freddie is growing so much faster than Fannie?

[navycmdr]

Freddie Mac says total mortgage portfolio up 3.5% in April
May 30, 2024 https://t.co/KwvNeyEU3b

— Cmdr Ron Luhmann (@usnavycmdr) May 30, 2024

[navycmdr]

the Fannie / Freddie unanimous jury

verdict 8-0 "in DC" AGAINST the Govt is

even MORE AMAZING considering the

news today ...

[navycmdr]

we're gettin' some kicks on the GSEs route _ .06 .06 _

[navycmdr]

GSEs Offer More Relief for Troubled Borrowers

[e-mail]

Fannie Mae and Freddie Mac, at the direction of the Federal Housing Finance Agency,
on Wednesday announced enhancements to their flex modification policies. The updates,
which go into effect no later than Dec. 1, target a 20% reduction in principal and interest
payments for borrowers.

According to FHFA Director Sandra Thompson, the goal is to help borrowers suffering
from the current climate of high interest rates and home prices remain in their homes.
To achieve this, the modification process involves a waterfall of steps that servicers
must follow until the mortgage payment is sufficiently reduced or all possible steps
have been exhausted.

Those steps include the capitalization of all arrearages, the conversion of adjustable-rate
mortgages to fixed-rate mortgages, a schedule of interest rate reductions and loan
extensions up to 480 months.

In cases where the post-modification mark-to-market loan-to-value ratio exceeds 50%,
principal forbearance may be applied until either P&I payments have been reduced by
20%, the mark-to-market loan-to-value ratio drops to 50% or the total principal forbearance
reaches 30% of the loan’s unpaid principal balance.

No interest may accrue to the forborne principal.

[navycmdr]

CFPB Releases RFI on Mortgage Closing Costs

[e-mail]

The Consumer Financial Protection Bureau issued a request for information Thursday on mortgage closing costs.

“Junk fees and excessive closing costs can drain down payments and push up monthly mortgage costs,” said CFPB Director Rohit Chopra. “The CFPB is looking for ways to reduce anticompetitive fees that harm both homebuyers and lenders.”

The CFPB raised concerns about costs for credit reports and title insurance, among other items. Comments on the RFI are due by Aug. 2.

Industry trade groups issued a swift response to the RFI, cautioning the CFPB that any changes to mortgage disclosures should go through a formal rulemaking process with a robust cost-benefit analysis.

[navycmdr]

that will lower the Fannie Cap requirement

[navycmdr]

Fannie Mae guaranty book of business drops 0.6% in April

May 29, 2024 - By: Liz Kiesche

--- Fannie Mae's (OTCQB:FNMA) guaranty book of business contracted at a compound annualized rate of 0.6% in April to $4.122T, the government-sponsored enterprise said on Wednesday.

--- The company that guarantees mortgages recorded new business acquisitions of $25.9B during the month, up from $23.4B in March but down from $31.6B in April 2023.

--- Retained mortgage portfolio balance was $74.2B at the end of April, compared with $75.6B at the end of March.

--- The conventional single-family serious delinquency rate declined 2 basis points to 0.49% in April, while the multifamily serious delinquency rate also fell 2 bps to 0.42% during the month.

[trunkmonk]

Most who dont own Commons have never worked for any corporation that makes a profit. Weather its a Master Plan that takes up to 5 years or less to achieve, or any project know to man, that always is achievable in 3 to 5 years. When you talk about the people who have kept this theft going for 15 years, Your talking about people who have never made a profit, cant balance a budget, become millionaires with laws they have inside information on, and most all of them know nothing about accounting or finance. FHFA Director's were either ankle kissers, lane changers, or hate filled people or GSEs haters, because the GSEs were so profitable and knew how to run a real business like they have been doing for 7 decades. None of them understand the quagmire, accept SM(he screwed them intentionally), they have created and everything they do makes it worse.

[QueenVic]

Is he an "ombudsman"? Such a relevant narrative that he has it and chronographical order...
Skanky Hanky left such an lasting eff-up.

Should we ask "DoNotUnderstand“?
😆?

[sidedraft]

Who changed the name of this board?

[Louie_Louie]

That is an excellent thread !!! Needs to be sent to many of the DC do nothings like Yellen, ST, Calabria, Mnuchin, etc.

[navycmdr]

Boooom ! - David Fiderer posted this ....

1. Why have Fannie & Freddie been kept in conservatorship for 15 yrs? Because of demand for GSE "reform" based on an anti-GSE narrative used to distract away from the fatal flaws & institutionalized fraud of private label residential mortgage securitizations. An explainer 🧵

— David Fiderer (@Ny1david) May 29, 2024

[navycmdr]

GSE rebound day - Green Fannie & Freddie !

[navycmdr]

The Story of Fannie Mae and Freddie Mac ...

[navycmdr]

Mark is a dear friend of many, many years. But he has never accepted or acknowledged the plain fact that Fannie and Freddie are P&C insurers and their capital should reflect that fact. Calculating regulatory capital in any other way is useless, wrongheaded and improper.…

— joshua rosner (@JoshRosner) May 28, 2024

[trunkmonk]

really, give me some facts please, on how u conclude a dollar value of less than 20.

[EternalPatience]

I guess , 2028 comes and warrants expire worthless

Maybe we shd escape at the Trump bump in nov

[navycmdr]

Outlook for Ending GSE Conservatorship Uncertain

If former President Donald Trump is re-elected, there’s a possibility that the
conservatorship of the government-sponsored enterprises will come to an
end, according to Isaac Boltansky, a managing director at BTIG.

Tuesday May 28, 2024 - [e-mail]



If former President Donald Trump is re-elected, there’s a possibility that the
conservatorship of the government-sponsored enterprises will come to an
end, according to Isaac Boltansky, a managing director at BTIG.

Speaking last week at the Mortgage Bankers Association’s secondary market
conference in New York City, Boltansky noted that the Trump administration
made substantial progress toward ending the conservatorship of Fannie Mae
and Freddie Mac. He added that Mark Calabria, the head of the Federal
Housing Finance Agency during the Trump administration, is looking for a
different role in the potential next administration, but Trump could appoint
someone else who believes that the conservatorship should end.

Jaret Seiberg, a housing policy analyst at Cowen, was more skeptical that a
second Trump administration would be any more successful at ending the
conservatorship than the first. “You had the perfect combination in the last
Trump administration, with a [favorable] Treasury secretary in Steven Mnuchin
and FHFA Director Calabria, and they couldn’t get it to the finish line.”

That was at least in part because of White House resistance, Seiberg said.
“Because nobody is going to vote for you if you release Fannie and Freddie.
You are, however, going to lose an election if somebody messes up the
housing-finance system by freeing Fannie and Freddie.”

[EternalPatience]

Possible likely

[Sammy boy]

We might see a $1.00 again seriously!

[trunkmonk]

Banks still making money, builders still buying down rates for loans and sourcing cheaper and less expensive components for houses, people still buying new even if its now less sq ft than it was 3 years ago. Everyone still doing what they can to shift with market demand, taxes going up, and existing home values now a buyers market.
GSEs are better than ever, not even close to where they were in 2008 as a dumping ground and 2012 when theft into Obamacare ruled the day. Someone could be a HERO if they released them properly now

[navycmdr]

News Release - FOR IMMEDIATE RELEASE - 5/28/2024

U.S. House Prices Rise 6.6 Percent over the Last Year; Up 1.1 Percent from the Fourth Quarter of 2023

Washington, D.C. – U.S. house prices rose 6.6 percent between the first quarter of 2023 and the first quarter of 2024, according to the Federal Housing Finance Agency (FHFA) House Price Index (FHFA HPI®). House prices were up 1.1 percent compared to the fourth quarter of 2023. FHFA’s seasonally adjusted monthly index for March was up 0.1 percent from February.

“U.S. house prices continued to grow at a steady pace in the first quarter,” said Dr. Anju Vajja, Deputy Director for FHFA’s Division of Research and Statistics. “Over the last six consecutive quarters, the low inventory of homes for sale continued to contribute to house price appreciation despite mortgage rates that hovered around 7 percent.”

View a highlights video at https://youtu.be/8C4Hf3dGAwA

Significant Findings

--- Nationally, the U.S. housing market has experienced positive annual appreciation each quarter since the start of 2012.

--- House prices rose in 50 states between the first quarter of 2023 and the first quarter of 2024. The five states with the highest annual appreciation were 1) Vermont, 12.8 percent; 2) New Jersey, 11.6 percent; 3) New York, 10.9 percent; 4) Delaware, 10.7 percent; and 5) Wisconsin, 9.9 percent. District of Columbia had a decline of -1.5 percent.

--- House prices rose in 97 of the top 100 largest metropolitan areas over the last four quarters. The annual price increase was the greatest in Allentown-Bethlehem-Easton, PA-NJ at 16.0 percent. The metropolitan area that experienced the most significant price decline was Urban Honolulu, HI at -3.2 percent.

--- All nine census divisions had positive house price changes year-over-year. The Middle Atlantic division recorded the strongest appreciation, posting a 9.9 percent increase from the first quarter of 2023 to the first quarter of 2024. The West South Central division recorded the smallest four-quarter appreciation, at 3.7 percent.

--- Trends in the Top 100 Metropolitan Statistical Areas are available in our interactive dashboard: https://www.fhfa.gov/DataTools/Tools/Pages/FHFA-HPI-Top-100-Metro-Area-Rankings.aspx. The first tab displays rankings, and the second tab offers charts.

The FHFA HPI is a comprehensive collection of publicly available house price indexes that measure changes in single-family home values based on data that extend back to the mid-1970s from all 50 states and over 400 American cities. It incorporates tens of millions of home sales and offers insights about house price fluctuations at the national, census division, state, metro area, county, ZIP code, and census tract levels. FHFA uses a fully transparent methodology based upon a weighted, repeat-sales statistical technique to analyze house price transaction data.

FHFA releases HPI data and reports quarterly and monthly. The flagship FHFA HPI uses seasonally adjusted, purchase-only data from Fannie Mae and Freddie Mac. Additional indexes use other data including refinances, Federal Housing Administration mortgages, and real property records. All the indexes, including their historic values, and information about future HPI release dates, are available on FHFA’s website: https://www.fhfa.gov/HPI.

Tables and graphs showing home price statistics for metropolitan areas, states, census divisions, and the United States are included on the following pages.

[nagoya1]

Can you provide any relatable GSE source of this statement. What you're saying would be great, but...but...but...I have my doubts, I haven't heard of anything remotely close to this.

Reminds me of those Fanniegate zero statements that never materialized or never existed except on the back of a skateboard.

FMCC

[CatBirdSeat]

Trump is expected to debate Biden later this month of June and sources are already saying Trump will say he is releasing Fannie and Freddie from Conservatorship.

[Louie_Louie]

ALWAYS REMEMBERR.....have a peace filled MEMORIAL DAY
https://www.foxnews.com/lifestyle/jack-carr-logan-memorial-day-guard-graves-sacred-vigilance

[Fannie Heyyyyy]

Is this good news for the gov't balance sheet by reducing their MBS? Good news for GSE's or are they getting dumped on?

[Ace Trader]

WHAT IF...This was all planned pre 2008 for the WEF and OWO ??
When did Blackrock start doing business? 2008.... what timing.....and they now own 80% of the SMP 500.
The plan to own the housing market and turn it into a rental market. ( BY 2030 YOU WILL OWN NOTHING AND BE HAPPY) where have we heard that before?
Banks foreclosed on 100's of 1000's of homes! Banks still own a lot of these homes and are managed by rental companies! WHO OWNS THE BANKS??? The same people/companies that are buying up properties as fast as they can!!

Put the 2 biggest mortgage companies in the world in Gov control ! until private banks and investments companies AKA: Blackrock, Statestreet, Vanguard, Google, Amazon, Bill Gate etc can buy up as many properties as possible.

After a 20 year timeframe (2 years before 2030 agenda) release the 2 biggest mortgage companies in the world and sell off the shares ( warrants) to?? GUESS WHO......... The above companies and turn the GSE into a mortgage caltel just like the banks.

THATS DOUBLE DIPPING !!
The mortgage interest on the mortgages from these homes will be paid by ??? RENTERS !!! Once these properties are paid off or 50% paid off these companies can borrow/ leverage against these properties to buy ALL remaining properties left !! The property market is going to be worth 10 fold in the next 10 years or less !!!!!!

[tm3141]

sounds like a good news

[navycmdr]

Fed’s MBS Moves Boost GSE Supers Volume

[e-mail]

Restructuring in the Federal Reserve’s portfolio of agency mortgage-backed securities
yielded a new surge in second-level securitization by the two government-sponsored
enterprises, according to a new analysis by Inside MBS & ABS.

Fannie Mae and Freddie Mac issued $428.04 billion of Supers deals backed by first-level
uniform MBS during the first quarter of 2024. That was up 13.5% from the prior period
at a time when new UMBS issuance declined by 7.9%.

Since the second half of 2023, the central bank has been consolidating its UMBS
holdings through “CUSIP aggregation.” The process lowers operational risk, simplifies
portfolio administration and reduces custodial costs, officials say.

According to a recently released summary of 2023 System Open Market Account activity,
the New York Fed reduced the number of individual agency MBS it holds from 29,632 to
20,217. For the GSEs, much of that work involves repackaging smaller UMBS into
new Supers.

[navycmdr]

next deadline for the GSE Govt goon lawyers to add billable hours ...

..........

[Sammy boy]

Nothing to see here, go on home!

[navycmdr]

Fannie Mae today announced the winning bidder for its twenty-fourth
Community Impact Pool (CIP) of non-performing loans

WASHINGTON , May 23, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA ) today announced the winning bidder
for its twenty-fourth Community Impact Pool (CIP) of non-performing loans. The transaction is expected to close on
July 24, 2024 , and includes 51 deeply delinquent loans totaling $14.3 million in unpaid principal balance (UPB).

The loans are geographically focused in the New York area, and the winning bidder was GITSIT Solutions, LLC (Tourmalet).
The pool was marketed with BofA Securities, Inc. and First Financial Network, Inc. as advisors.

The CIP awarded in this most recent transaction includes 51 loans with an aggregate UPB of $14,270,414 ; average
loan size of $279,812 ; and weighted average note rate of 4.35%.

The cover bid, which was the second highest bid, for the CIP was 86.20% of UPB (30.69% of BPO).
All purchasers are required to honor any approved or in-process loss mitigation efforts at the time of sale, including
forbearance arrangements and loan modifications. In addition, purchasers must offer delinquent borrowers a waterfall
of loss mitigation options, including loan modifications, which may include principal forgiveness, prior to initiating
foreclosure on any loan.
Interested bidders can register for ongoing announcements, training, and other information here. Fannie Mae
will also post information about specific pools available for purchase on that page.

[QueenVic]

Yup.Yup. (there's a story about a guy named "Yup-yup") incompetent at its best.
Judge "Yup-yup" Rolling Royce Lambreech. He's beyond a "yes" man.
80 years old?
And pushing a walker?
C'mon.

He should just Retire and then raise baby 🦙 llamas.

[navycmdr]

Judge Lamberth in July of 2023 talking at pretrial hearing about his mental faculties before proceeding with a trial with people he was tired of seeing. Lmfao, you cant make this stuff up. This guy completely fucked our damage model. pic.twitter.com/XkvGizWkk4

— Fanniegate Hero (@DoNotLose) May 22, 2024

[navycmdr]

703,991 shares ON THE FREDDIE ASK @ $1.50 ...

curious when Freddie Damages Check is pending