Freddie Mac-No Politics (FMCC)

[richrichrich]

Thanks to the bunch of you, for your suggestions.
I thought that Fidelity's interpretation was typically the best, after calling them. LOL
"The shares will still be tradeable after July 1, but just not on any sort of exchange".......

[Viking61]

Rich, just keep buying on the drops and hopefully we will all be ecstatic closer to the election! Myself and others on this board have been here for numerous years waiting for just this moment in time. Many of us have more than a half a million shares and the companies have never been stronger or made more than now. The one caveat is the Government control through a faulty conservatorship.
My kids keep asking if they should sell since they are positive and my response is , you don’t need the money and that this could be a once in a generation opportunity to change your lives tremendously., don’t put yourself on the outside looking in! GLTA!!!

[richrichrich]

Thanks for your post.
You're most likely a complete optimist, about the current "action".
Tell me then, why is the stock just riding along at current value of $ 1.40, and not sharply headed up or down.....
Are you saying that this is a "no news" type thing.....Don't worry......Be happy.....

[nagoya1]

I understand what is going on, a bond coming close to expiry is being cancelled by fmcc. Nothing more nothing less, Navy put a link that clearly as much as clearly can be explained.
I’m fed up of having to question the lack of dd people don’t do…
For now pps sucks by intent, too many sheeple.
Fmcc

[navycmdr]

just READ the Freddie announcement ! - READ WHAT it SAYS !

it says NOTHING about common shares on the OTCBB ..

MCLEAN, Va., June 11, 2024 (GLOBE NEWSWIRE) --

Freddie Mac (OTCQB: FMCC) today announced it will voluntarily delist

its last remaining security trading on the New York Stock Exchange (NYSE).

The bond, Debt Securities Due 2025 (CUSIP 3134A2HG6), trades under

ticker symbol FMCC 25Z. It was issued in 1998.


Freddie Mac Will Delist NYSE-Traded Security - PRESS RELEASE GlobeNewswire

Jun. 11, 2024, 01:00 PM

MCLEAN, Va., June 11, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced it will voluntarily delist its last remaining security trading on the New York Stock Exchange (NYSE). The bond, Debt Securities Due 2025 (CUSIP 3134A2HG6), trades under ticker symbol FMCC 25Z. It was issued in 1998.

Freddie Mac will take all necessary steps to delist the bond, including filing a Form 25 with the Securities and Exchange Commission and the NYSE after the ten-day notice period has elapsed. Freddie Mac has not arranged for listing and/or registration of the bond on another national securities exchange or for its quotation in a quotation medium. Freddie Mac expects the last day of trading to be on or around July 1. Freddie Mac voluntarily delisted its common stock from the NYSE in 2010 at the direction of its conservator, the Federal Housing Finance Agency. The continued listing of this bond would subject Freddie Mac to rules and administration that are unnecessary given its status in government conservatorship.

Freddie Mac’s mission is to make home possible for families across the nation. We promote liquidity, stability, affordability and equity in the housing market throughout all economic cycles. Since 1970, we have helped tens of millions of families buy, rent or keep their home. Learn More: Website | Consumers | X | LinkedIn | Facebook | Instagram | YouTube

This is not an offer to buy or sell any Freddie Mac securities. Offers for any given security are made only through applicable offering circulars and related supplements, which incorporate Freddie Mac’s most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission (SEC); all other reports Freddie Mac files with the SEC pursuant to Section 13(a) of the Securities Exchange Act of 1934 (Exchange Act), excluding any information "furnished" to the SEC on Form 8-K; and all documents that Freddie Mac files with the SEC pursuant to Sections 13(a), 13(c) or 14 of the Exchange Act, excluding any information “furnished” to the SEC on Form 8-K.

The financial and other information contained in this news release speaks only as of the date of the news release. The information could be out of date and no longer accurate. Freddie Mac undertakes no obligation, and disclaims any duty, to update any of the information in this news release.


The financial and other information contained in this news release is not incorporated by reference into, or a part of, any offering documents or any security. The information does not constitute a sufficient basis for making a decision with respect to the purchase and sale of any security and is directed only at, and is intended for distribution to and use by, qualified persons or entities in jurisdictions where such distribution and use is permitted and would not be contrary to law or regulation. All information regarding or relating to Freddie Mac securities is qualified in its entirety by the relevant offering circular and any related supplements. You should review the relevant offering circular and any related supplements before making a decision with respect to the purchase or sale of any security. In addition, before purchasing any security, please consult your legal and financial advisors for information about and analysis of the security, its risks and its suitability as an investment in your particular circumstances.

This news release may contain forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, some of which are beyond the company’s control. Management’s expectations for the company’s future necessarily involve a number of assumptions, judgments and estimates, and various factors could cause actual results to differ materially from the expectations expressed in these and other forward-looking statements. These assumptions, judgments, estimates and factors are discussed in the company’s most recent Annual Report on Form 10-K, and its reports on Form 10-Q and Form 8-K, which are available on the Investor Relations page of the company’s Web site at www.FreddieMac.com/investors and the SEC's website at www.sec.gov. The company undertakes no obligation to update forward-looking statements it makes to reflect events or circumstances occurring after the date of news release.

MEDIA CONTACT: Fred Solomon
703-903-3861
[e-mail]

[Lite]

Try calling FHFA and asked to be transferred to someone who understands what’s going on with this delisting.

[Viking61]

It could be that they want them off the listing because it is so close to the expiration date. The other side of things is that they could be doing a basic house cleaning in order to get things in line for maybe a possible release! All just speculation but as far as anything towards Freddie commons is concerned I don’t think that it affects them at all.
Like I said earlier the only thing that matters is that the companies continue to put billions of dollars to the bottom line each quarter! GLTA!!

[richrichrich]

I'm just trying to understand the action they are taking. It says delisting, with no further desires to list on another exchange......It doesn't say "payout" of any remaining shareholders on July 1......So, sorry to have used the derogatory word "downgrade"......
I'm not sure if you find their "action" , a "good" one, for FMCC shareholders......
Just got off the phone with a Fidelity person, for their interpretation of the news.
They say the shares will at least be tradeable in some form, after July !, though no longer on any exchange.....Which sounds kind of odd, at best.
Just, in my defense for asking for "clarity" on the action, I really can't get a "straight answer", everywhere I look......

[Viking61]

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.

[nagoya1]

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

[Viking61]

It doesn’t matter on the OTC. The only thing that matters is that the companies continue to make billions every quarter.

[richrichrich]

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......

[Viking61]

None of us would be here if we didn’t expect huge share price appreciation.

[richrichrich]

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.

[richrichrich]

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.

[Sammy boy]

New day, how we doing Team ?

[QueenVic]

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)

[CatBirdSeat]

FMCC Is An Affordable Stock Under $10 With Huge Potential

$10 UPGRADE !


https://finance.yahoo.com/news/3-affordable-stocks-under-10-145000973.html

[GseHeist]

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

[trunkmonk]

Meaningless, but t effective to drop price, the ignorance, and fear, is huge here, KTCarney created a whole circus based on it.

[Sammy boy]

How did we do today team ?

[MrHansson]

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

[trunkmonk]

Price Clubbed like a baby seal today.

[tuzedaze]

Great podcast…

At 15:45min Calabria says Fannie/Freddie would have failed under Watt’s capital rule if there was a repeat of 2008.
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…

— Alec Mazo (@Alec_Mazo) June 11, 2024

[Viking61]

I got the letter about three days before the deadline. I decided not to opt out.

[Ace Trader]

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.

[Louie_Louie]

I got nothing. I hold Freddie commons and Fannie prefs, so you think I would have🤔

[Ace Trader]

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 !!!

[QueenVic]

https://www.fastcompany.com/91137064/housing-market-recession-hit-so-hard-existing-home-sales-fall-to-1978-levels

[Fannie Heyyyyy]

Lol. Fonda has ZERO CLOUT.

[tutt1126]

Still alive!!!!

[Viking61]

Now .04.

[Viking61]

Delta between Fannie and Freddie now sits at .05. Freddie should be .10 higher than Fannie. GLTA!!

[QueenVic]

...Oh boy, Hanoi Jane.

B I G "D" for those ppl in Holly weird land

[navycmdr]

IN CASE YOU DIDN’T KNOW: This fall, actress Jane Fonda will be speaking
at the annual convention of the Mortgage Bankers Association.

[navycmdr]

Sen. Warren Urges FHFA to Enforce Housing Obligations Upon the FHLBs

[e-mail]

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.

[RickNagra]

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

[Sammy boy]

If they release this it will be when the market crashes!

[Stern is Bald]

Any speculation on damages per share?

[tm3141]

can anyone write a summary about the reply?

[navycmdr]

$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

[Ace Trader]

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

[navycmdr]

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

[Viking61]

Moving up through $1.60 this week and probably pressing $1.70 on Freddie!

[Fannie Heyyyyy]

Thanks Navy, where do you see that? The most current bit here is the June 7 update. Thanks in advance.

[navycmdr]

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.”

[navycmdr]

$Shareholder $Response to Govt Motion to remove UNANIMOUS JURY VERDICT ! ...

[Viking61]

Up 7% for the week, not bad!!

[nagoya1]

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

[navycmdr]

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