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Nagoya, I believe that they delisted a Freddie bond from the New York Stock exchange that had a July 2025 maturity. A nothing burger concerning FMCC stock.
Couldn’t help but notice, what downgrade are you alluding to…do you have a financial fmcc-fnma link that shows that “downgrade”.
Too many charlatans over the years posting all sorts of gibberish like commons to 0.05- cancelled - warrants…I’ve had the misfortune of reading them all, I have no mote patience for fly by night, post a link otherwise…shuda cuda wuda means zilch. I’ll file it with all the other Fanniegate hero ass umptions.
Fmcc
It doesn’t matter on the OTC. The only thing that matters is that the companies continue to make billions every quarter.
Thanks for a reply......I'm just hoping I understand the change, that,s about to happen......A "downgrade" from OTCQB, to OTC pink, if I've understood correctly.......This can't be a "good" thing, for any equity......Do I at least see this part correctly......
None of us would be here if we didn’t expect huge share price appreciation.
I guess I'm asking a silly question.......If the share price keeps dropping steadily, and it goes under a dollar, they probably would have to do a crappy reverse split, to keep any sort of "compliance"......This has never been a good thing, at least in my experience.
Rather than doing a ton of DD, about the de-listing to OTC platform, do any of you out there see this change as "good" for the FMCC common shares holder.......I own a small amount of FMCC, and can sell it at a small profit right now.......Do I sell and don't look back, or does anyone foresee great share price rise possible........Thanks in advance.
Both of the Twins are worth a hell of a lot of more than a tenner...
GME (pumper upper/short)
CMG (lousy fast food. Not even close to the twins earnings)
FMCC Is An Affordable Stock Under $10 With Huge Potential
$10 UPGRADE !
https://finance.yahoo.com/news/3-affordable-stocks-under-10-145000973.html
FMCC CFO resigns - must be contributing to the fear for today's drop.
https://www.tipranks.com/news/company-announcements/freddie-mac-cfo-christian-lown-announces-resignation-plan
Meaningless, but t effective to drop price, the ignorance, and fear, is huge here, KTCarney created a whole circus based on it.
Freddie Mac to delist final NYSE security By Investing.com
https://www.investing.com/news/company-news/freddie-mac-to-delist-final-nyse-security-93CH-3479977
Price Clubbed like a baby seal today.
Great podcast…
At 15:45min Calabria says Fannie/Freddie would have failed under Watt’s capital rule if there was a repeat of 2008.
— Alec Mazo (@Alec_Mazo) June 11, 2024
Watt’s rule had the GSEs retain 2.5-3% capital, translating to ~$140-180bn at the time. Stress tests with 25% housing price declines and/or repeat of 2008 clearly…
I got the letter about three days before the deadline. I decided not to opt out.
Same here!
I hold
Freddie $50 JPS
Freddie commons
Fannie x 2 classes of $25 JPS
All brought Feb 18 2022
So reading the Document is states shareholders who sold to susessors the shares rights transfer to the buyers after Dec 7th 2022 until final judgement which was sometime Feb 2024.
I got nothing. I hold Freddie commons and Fannie prefs, so you think I would have🤔
SHOW ME THE MONEY ! page 20
https://storage.courtlistener.com/recap/gov.uscourts.dcd.160910/gov.uscourts.dcd.160910.435.0_1.pdf
Certified Class Notice to potential Certified Class members. Class ECF 153. As of May 2022,
the claims administrator had mailed 146,017 copies of the Certified Class Notice to potential
members of the Certified Class. Id. Ultimately, only 32 individual shareholders submitted valid
requests to opt-out of the Classes. Class ECF 153 at Ex. D; Class ECF 415, at Ex. B.
Did anyone get there letter? I never did for any of my classes.
But 146,000 letters sent that alot of shareholders !!!
Lol. Fonda has ZERO CLOUT.
Delta between Fannie and Freddie now sits at .05. Freddie should be .10 higher than Fannie. GLTA!!
...Oh boy, Hanoi Jane.
B I G "D" for those ppl in Holly weird land
IN CASE YOU DIDN’T KNOW: This fall, actress Jane Fonda will be speaking
at the annual convention of the Mortgage Bankers Association.
Sen. Warren Urges FHFA to Enforce Housing Obligations Upon the FHLBs
dhollier@imfpubs.com
Senate Banking Committee veteran Elizabeth Warren, D-MA, has castigated the Federal Home Loan Banks for failing to live up to their affordable housing obligations.
In a letter sent last week, Sen. Warren urged Federal Housing Finance Agency Director Sandra Thompson to reform the FHLBank system, which she described as “broken.” Pointing out that Congress established the district banks specifically to support housing and community development, she argues the institutions are failing to meet their basic mission.
The liberal Democrat highlighted a recent report by the Congressional Budget Office that estimated the system will receive roughly $7.3 billion in federal subsidies in 2024. These funds, she emphasized, were intended to address the country’s housing needs, but some of the cash is going elsewhere.
Last year, the FHLBanks contributed just $395 million to affordable housing programs. Over the same period, Warren notes, they paid $3.4 billion in dividends to their members. Maybe more remarkable, 42% of those members didn’t originate a single mortgage.
Sure here you go. Just read every other page. That’s your summary. Don’t mention it.
https://storage.courtlistener.com/recap/gov.uscourts.dcd.160910/gov.uscourts.dcd.160910.435.0_1.pdf
If they release this it will be when the market crashes!
Any speculation on damages per share?
can anyone write a summary about the reply?
$Boooom ! - $GSE $Shareholders $Reply to Govt Motion ...
https://storage.courtlistener.com/recap/gov.uscourts.dcd.160910/gov.uscourts.dcd.160910.435.0_1.pdf
Boooom ! - GSE Shareholders Reply to Govt Motion https://t.co/bkTSLwBxbo pic.twitter.com/r9PUEvAlZW
— Cmdr Ron Luhmann (@usnavycmdr) June 10, 2024
Tomorrow you will be allowed to post back on the Fannie board finely ! Time to spread the word and hold the Gov accountable for their actions in the 16 year Fannie & Freddie conservatorship of these two great American companies !
06/10/2024 04:49:52 PM
Jason Chaffetz bill passed 425-0, open records of Fannie and Freddie, and the Senate did not respond. What is wrong with the US? https://t.co/jfr0FsSV6G
— Robert (@robjunier) June 9, 2024
Moving up through $1.60 this week and probably pressing $1.70 on Freddie!
Thanks Navy, where do you see that? The most current bit here is the June 7 update. Thanks in advance.
Homeowners sitting on a pile of cash
with $17Trillion in home equity: CoreLogic
There are now only 1 million homes underwater in the U.S.
June 7, 2024, 2:01 pm By Neil Pierson
Home equity continued to rise in the first quarter of 2024 as residential properties with mortgages collectively gained $1.5 trillion in equity over the past year, according to a CoreLogic report released Friday.
The average U.S. homeowner with a mortgage added $28,000 in equity during the year ending in March 2024 — the highest year-over-year increase since late 2022. Three states — California (+$64,000), Massachusetts (+$61,000) and New Jersey (+$59,000) — saw increases that were more than double the national average.
The $1.5 trillion gain in U.S. home equity over the past year brought total net equity to more than $17 trillion at the end of Q1 2024. Mortgaged properties account for 62% of all residential homes in the U.S., according to CoreLogic.
“With home prices continuing to reach new highs, owners are also seeing their equity approach the historic peaks of 2023, close to a total of $305,000 per owner,” Selma Hepp, chief economist at CoreLogic, said in a statement. “Importantly, higher prices have also lifted some 190,000 homeowners out of negative equity, leaving only about 1.8% of those with mortgages underwater.”
Negative equity, also known as an underwater or upside-down mortgage, involves borrowers whose outstanding mortgage debt exceeds the value of their home. On a quarterly basis, negative equity decreased by 2.1% in Q1 2024 and now represents 1 million homes nationwide.
The analysis also noted that the level of underwater mortgages at a given time can change quickly due to changes in home prices. For example, when looking at the level of mortgage debt in Q1 2024, there are 111,000 homes that would move back into a positive equity position if home values rose by at least 5%. Conversely, 153,000 homes would fall underwater if values declined by 5% or more.
“Home equity is key to mortgage holders who have seen other homeownership costs soar, including insurance, taxes and HOA fees, as a source of financial buffer,” Hepp said.
“Also, low amounts of negative equity are welcomed in markets that have shown price weaknesses this spring, such as Florida (1.1% of homes underwater) and Texas (1.7% of homes underwater) — both of which are below the national rate — as further price declines could drive more homeowners to lose their equity.”
Kitty litter talking about housing stimulates me as much as eating a salad washed with e-coli.
Lots of gse double talk with no substance.
A total waste of space.
Fmcc
Catman Speaking at Housing Event Tuesday ...
Will be appearing on Tuesday at @BPC_Bipartisan 2024 Housing Summit https://t.co/PUJe6y9rxE great panel, should be fun 🥳 pic.twitter.com/e3wrzfyIFf
— Mark Calabria (@MarkCalabria) June 6, 2024
$FMCC~ Buying a stairway 😉
And she’s climbing the stairway to heaven!
Fannie / Freddie Delta now only .06 - .07 ...
definitely decent volume on start of the day
pre-mkt craziness goin' on w FREDDIE !
settling down now - Bid was $1.55 ASK $1.53
2,628 shares Traded pre-mkt Last $1.53
but BID X ASK $1.53 X $1.52 ? Roaring Kitty
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