Just be careful they don’t cancel P shares
They become a debt instrument after cship#fanniegate #fnmas

— Nico (@nicosintichakis) April 26, 2024

Once she hits $444 my new license plate is $OBAMA

Gotta give the man credit where credit is due

sTiCkY

I’m good with that

I was suspecting a nickel but okay :)

Dont include the warrant, that is nonsense.

Warrants are dead.

Berkowitz has run for the hills..if that is any sort of indication lol

All power goes back to Companies BOD and CEO yes also included common voting rights and powers

Yeah I’m good with that too

Freddie Ugrade Price Target $2.55


https://fintel.io/sfo/us/fmcc?utm_source=nasdaq.com&utm_medium=referral&utm_campaign=keefe-bruyette-woods-upgrades-federal-home-loan-mortgage-fmcc-186



Fannie Upgrade Price Target $3.10


https://fintel.io/s/us/fnma

Strong Buy

Oversight committee after cjip exit?

We’ll get a huge pop either way

1.65ss next on deck

10-4 Roger that boss

This is why goons are trying to reverse 8-0 Lamebird

Panic has set in

Even at 20.1% common worth $65.325 more than any par lol

( $325 x 20.1%)
surprised people have not realized yet

And the companies that make housing available to Americans need to be able to operate at 100% capacity instead of 20.1%

Is FHFA aware?

From Tim Rood re: Conservatorship

The very last sentence of a 28 page written testimony on the GSEs mentioned getting the GSEs ready for an exit from conservatorship. Judge for yourself what that means.

— Tim Rood (@tim_rood_) April 23, 2024

You’re being generous with $.05 lol

Mortgage rate manipulation:

Homeowners in the US filed a class action lawsuit in October 2012 against twelve of the largest banks which alleged that Libor manipulation made mortgage repayments more expensive than they should have been from loans including Fannie Mae and Freddie Mac.

Statistical analysis indicated that the Libor rose consistently on the first day of each month between 2000 and 2009 on the day that most adjustable-rate mortgages had as a change date on which new repayment rates would "reset". An email referenced in the lawsuit from the Barclay's settlement, showed a trader asking for a higher Libor rate because "We're getting killed on our three-month resets. During the analysed period, the Libor rate rose on average more than two basis points above the average on the first day of the month, and between 2007 and 2009, the Libor rate rose on average more than seven and one-half basis points above the average on the first day of the month.

The fifteen lead plaintiffs included a pensioner whose home was repossessed after her subprime mortgage was securitised into Libor-based collateralised debt obligations, sold by banks to investors, and foreclosed. The plaintiffs could number 100,000, each of whom has lost thousands of dollars. The complaint estimates that the banks earned hundreds of millions, if not tens of billions of dollars, in wrongful profits as a result of artificially inflating Libor rates on the first day of each month during the complaint period.

Thanks

Punitive damages…hahaha!!

Can we just be happy with a cup and handle?

If I’m wrong so be it

See you on the other side lol

Let’s go Fannie!

We are in excellent position better than ever before. Soft bashers will always pop up here and try and spread fear to scare you into selling and snap up your shares

Don’t get suckered

Strong Buy
FNMA

Toonie Tuesday!!

Twooooooooooo!

Here you are - 4/20/2024 FILED

https://www.docketbird.com/court-cases/In-Re-Libor-Based-Financial-Instruments-Antitrust-Litigation/nysd-1:2011-md-02262

Yes, it is on the website that notice of distribution has been filed. I’ll look for the link for you when I have time unless someone here finds it before me. Thanks.

Looks like Libor settlement will be announced in conjunction with earnings May 5-6, 2024.

Thanks for acting accordingly lol hahaha

Then $1.865 let’s go mm

Money time

Good to hear. Thanks.

Roger that.

Good. We don’t want Freddie paying damages for something it did not do.

1.63 then boom boom

on Saturday

Libor news - motion for distribution of funds FILED

nEwS.


https://fanniemae.gcs-web.com/node/40961/html#tenderofferrelease4222024.htm

Nobody cares about lawsuit other than Preferred shareholders as certain clauses kick in if successful

I’d hate to see Freddie have to shell out a billion dollars in damages which really makes no sense

Again, ideally the verdict is overturned lol

Keep in mind Libor - possibly ends cship immediately

Long overdue

Good. So they are moving forward with insurance :)

I believe it was AA prior unconfirmed

P have junk status I know that much