Agree Nagoya! I'm beyond pissed and frustrated also, but that's exactly what they want. I forget who it was that coined one of my favorite addages, John Wayne or Yogi Berra, maybe both ? "A guy can rob you for a whole lot more with a pen than he can with a gun". There's plenty of pen pushers in DC, Treasury, FHFA, Banks, Wallstreet.

I hope we see this end also. Maybe that party everyone keeps talking about should be held outside of this banana republic??

Fannie Mae Announces Tender Offer for Any and All of Certain CAS Notes

April 22, 2024

WASHINGTON, DC – Fannie Mae (FNMA/OTCQB) today announced that it has commenced fixed-price cash tender offers (each, an "Offer" and, collectively, the "Offers") for the purchase of any and all of the Connecticut Avenue Securities® (CAS) Notes listed below (the "Notes"), upon the terms and subject to the conditions set forth in the Offer to Purchase and related Notice of Guaranteed Delivery, each dated as of April 22, 2024 (collectively, the "Offer Documents"). Certain of the classes of Notes subject to the Offers were issued by the REMIC trusts identified in the table below (each, a "Trust"). Fannie Mae is the holder of the owner certificate issued by each Trust and, as a result, the sole beneficial owner of each Trust. The Offers will expire at 5:00 PM New York City time on Friday, April 26, 2024 (the "Expiration Time") unless extended or earlier terminated. Notes tendered may be withdrawn at any time at or before the Expiration Time by following the procedures described in the Offer Documents.

Fannie Mae has engaged BofA Securities as the designated lead dealer manager and Wells Fargo Securities as the designated dealer manager for the Offers. Fannie Mae has engaged Minority and Service-Disabled Veteran-owned Academy Securities, Inc. and Service-Disabled Veteran-owned Drexel Hamilton, LLC as advisors on the transaction. Global Bondholder Services Corporation will serve as the tender agent and information agent for the Offers. Fannie Mae is offering to purchase, subject to the conditions of the Offers, any and all of the Notes listed in the table below.

Represents the aggregate original principal amount of the applicable Class issued on the issue date thereof, less the aggregate original principal amount of such Class repurchased by the Company pursuant to one or more prior tender offers, if applicable. Does not include the original principal balance of the ineligible securities.

Holders must validly tender their Notes at or before the Expiration Time in order to be eligible to receive the Tender Offer Consideration, which will incorporate the monthly Certificate Percentages available on April 25, 2024. In addition, holders whose Notes are purchased in the Offers will receive accrued and unpaid interest from the last interest payment date to, but not including, the Settlement Date (as defined in the Offer to Purchase) for the Notes. Fannie Mae expects the Settlement Date to occur on April 30, 2024. Any Notes tendered using the Notice of Guaranteed Delivery and accepted for purchase are expected to be purchased on May 1, 2024, but payment of accrued interest on such Notes will only be made to, but not including, the Settlement Date.

Information on tendering the Notes is set forth in the Offer Documents. Holders of the Notes who would like copies of the Offer Documents may contact the tender agent for the Offers, Global Bondholder Services Corporation, at (855) 654-2015 (toll free) or (212) 430-3774 (banks and brokers) or contact@gbsc-usa.com. Copies of the Offer Documents are available at the following website: https://www.gbsc-usa.com/FannieMae/. Any questions regarding the terms of the Offers should be directed to BofA Securities, Inc. at (888) 292-0070 (toll free) or (980) 387-3907 (collect) or Wells Fargo Securities, LLC at (866) 309-6316 (toll free) or (704) 410-4820 (collect).

This release includes forward-looking statements, including statements relating to the timing and expected settlement and closing of the purchase of the Notes in a tender offer. These forward-looking statements are based on Fannie Mae’s present intent, beliefs or expectations, but forward-looking statements are not guaranteed to occur and may not occur. Actual results may turn out to be different from these statements. Factors that may lead to different results are discussed in "Risk Factors," "Forward-Looking Statements," and elsewhere in the Offer Documents and the documents incorporated by reference therein. All forward-looking statements are made as of the date of this press release, and Fannie Mae assumes no obligation to update this information.

$Freddie $Mac - $BUY ! ... Bullish Harami ...

Climate Change a total hoax and self inflicted. Stop the John Brennan backed aerosol injection in the upper atmosphere via jet fuel and climate would return to normal. Stop putting aluminum dioxide, barium salts and radioactive isotopes into the jet fuel and contaminating our upper atmosphere. Net effect is increased cloud cover and reduction in sunlight.

It is a total farce that insider trading is not a punishable crime for govrat dinosaurs. Some traders have at least done some club fed time contrary to the Nancies that are applauded for their despicable actions.
We gse shareholders will have our reward but it’ll be a shitty tasting meal. Too many liars out there making up stuff trying to sway my plans. White collar criminals aren’t punished enough.
It’s the waiting game that is taking away the joy of victory. I feel the finish line is closer than the beginning but at what cost.
People have been waiting longer than a generation for clowns like Lamebrain to pretend doing a responsible job.
Ahhh, hopefully I ´ll end up enjoying the rest of my days without having to imagine what other BS the govrats can throw at us…when this is all over because I’ll be busy ignoring them.
Fmcc

Libor court case feels more like labor, another 9 months of pain. Hopefully we win soon…as for those scumbag banksters, wishing them bleeding ulcers and hemorrhoids.
Lol
Fmcc

FHFA : Incorporating Climate-Related Risks into Governance ...

Published: 4/22/2024

https://www.fhfa.gov//Media/Blog/Pages/Incorporating-Climate-Related-Risks-into-Governance.aspx

Following FHFA’s Conservatorship Scorecard guidance, Fannie Mae and Freddie Mac have made progress on developing foundational climate risk frameworks, integrating climate risk considerations into their strategic planning, incorporating climate risk considerations into their management and board reporting structures, and developing educational resources for their workforce. The Federal Home Loan Banks are continuing to individually develop their decision-making processes and governance structures in consideration of climate change.

Background

In October 2021, the Financial Stability Oversight Council (FSOC) released a report1 identifying climate change as an emerging and increasing threat to financial stability. Several international organizations and standard-setting bodies have recently developed frameworks to understand, assess, and manage climate-related risks to the entities or markets within their statutory jurisdictions. These include frameworks established by the Task Force on Climate-Related Financial Disclosures,2 Bank for International Settlements (BIS),3 and U.S. regulators (Office of the Comptroller of the Currency, Board of Governors of the Federal Reserve System, and Federal Deposit Insurance Corporation),4 as well as guidance5 and hypothetical scenarios6 developed by the Network for Greening the Financial System (NGFS).7

Federal Housing Finance Agency (FHFA)

FHFA, the conservator and regulator of Fannie Mae and Freddie Mac, and regulator of the Federal Home Loan Banks (collectively, the regulated entities), recognizes the emerging and increasing threat to all stakeholders in the housing system due to climate risk and the increased frequency and intensity of major natural disasters. Strong governance is foundational to managing an institution’s risk profile, particularly when the institution must address a constantly evolving landscape of risks. Accordingly, FHFA included the need to identify ways to incorporate climate change into regulated entity governance in its 2022-2026 Strategic Plan.8 Since 2022, FHFA has established goals for Fannie Mae and Freddie Mac (the Enterprises) to develop company-wide frameworks that incorporate climate risk into existing governance and risk management structures and decision-making, and to incorporate both short- and long-term strategies into the Enterprises’ strategic planning processes.

FHFA established an internal Climate Change and ESG9 Governance Working Group (Working Group) to evaluate the integration of climate risk into the corporate governance, risk management, and strategic planning structures of the regulated entities, and incorporation into operational and business decision-making. The Working Group meets regularly with the Enterprises and evaluates their progress through the annual Conservatorship Scorecard process, reviewing the establishment of foundational governance structures, decision-making processes, and risk management practices around climate risk. The Working Group also reviews progress made by the Federal Home Loan Banks in these areas.

Enterprises

Since 2022, the Enterprises have made distinct progress towards these goals and have been focused on: developing foundational climate risk frameworks, integrating climate risk considerations into strategic planning, incorporating climate risk considerations into management and board reporting structures, and establishing training and educational resources for their workforce.

Developing ?Climate Risk Frameworks

The Enterprises have developed initial climate risk frameworks that are incorporated in their enterprise risk management frameworks in consideration of the impact that climate change could have on the achievement of their mission, strategy, and business objectives.

The Enterprises continue to make progress and develop their capacity to measure the effects of climate risks and integrate climate-related risks into risk management structures:

Freddie Mac has developed climate scenario methodologies to better quantify the impact of climate events on housing affordability, property values, and credit risk;

Fannie Mae is working on finalizing climate scenario design and methodology for intended reporting in 2024; and

Both Ent?erprises completed exploratory climate scenario analysis exercises on flood risk in 2023.

Strategic Plan Integration

To assess and address climate-related risks and opportunities that could affect their businesses, the Enterprises have been incorporating climate issues into their corporate strategic plans and planning processes.

Each Enterprise has completed ESG materiality assessments that inform their ESG and climate strategic planning processes.

Fannie Mae’s 2023-2025 Strategic Plan includes climate risk management and supporting the housing ecosystem’s adaptation to climate change as priorities.10
Board and Management-level Reporting

Fannie Mae

The board Risk Policy and Capital Committee has primary oversight of climate-related risks.

The board Audit Committee provides oversight of ESG-related reporting, which includes climate risk.

The board Community Responsibility and Sustainability Committee oversees the development and implementation of Fannie Mae’s climate risk strategy.

There is a newly established Climate Risk Committee at the management level, and Fannie Mae has designated senior executive officers to oversee climate and ESG.

Freddie Mac

The board Risk Committee has primary oversight of climate related risks.

The board Audit Committee provides oversight of ESG-related reporting, which includes climate risk.

The board Mission and Housing Sustainability Committee provides oversight responsibilities for the development, planning, implementation, performance, and execution of Freddie Mac’s mission strategies and significant initiatives, including the review of sustainability initiatives with climate change implications or impacts.

Freddie Mac has also established several advisory and steering committees at the management level for ESG and climate risk reporting.
Training and Education

Over the last few years, the Enterprises have begun educating staff on the potential impacts of climate-related risks, taking into consideration the interconnectedness and multi-dimensional nature of climate-related topics that could reach all aspects of the organization.

Federal Home Loan Banks

The Federal Home Loan Banks also continue to develop their decision-making processes and governance structures in consideration of climate change. In June 2023, the Federal Home Loan Banks released an inaugural Corporate Social Responsibility Report11 highlighting governance and risk management as foundational to their ability to meet the needs of their members and districts.



FHLBank Mission and Foundational Principles
?
?Individually, each Federal Home Loan Bank is addressing climate-related risks in accordance with its own governance and management structures. For example, the Federal Home Loan Bank of Dallas’s 2022 ESG Report12?? highlights the formation of an ESG Committee providing oversight of the FHLBank’s ESG activities. The committee assists the executive management team and board with setting ESG strategy and reviewing reports and recommendations from subcommittees, including the Climate Risk Subcommittee. At the Federal Home Loan Bank of New York, “Climate and Natural Disaster” risks have been included into the scope of the board’s Risk Committee charter.

Summary

The work undertaken by the Enterprises and Federal Home Loan Banks in managing climate risks continues to be iterative and ongoing. For 2024, FHFA established priorities for the Enterprises in the Conservatorship Scorecard related to climate risks. For the governance area, this includes strengthening risk management capabilities in identifying, assessing, controlling, monitoring, and reporting on climate risk and incorporating these capabilities into the Enterprises’ overall risk frameworks.

Responsibilities of the FHFA Climate Change and ESG Governance Working Group:

Evaluate the integration of climate risk into the corporate governance, risk management, and strategic planning structures of the regulated entities, and incorporation into operational and business decision-making.
Monitor the development and maturation of the regulated entities’ climate risk frameworks and strategic planning processes.
??
Readers are encouraged to explore the FHFA Climate Change & ESG homepage for additional blogs and information related to climate risk.

1 Financial Stability Oversight Council, Report on Climate-Related Financial Risk, 2021, https://home.treasury.gov/system/files/261/FSOC-Climate-Report.pdf.

2 The Financial Stability Board, established to coordinate at the international level the work of national financial authorities and international standard-setting bodies in order to develop and promote the implementation of effective regulatory, supervisory and other financial sector policies, created the Task Force on Climate-Related Financial Disclosures in 2015 to improve and increase reporting of climate-related financial information.

3 The Bank for International Settlements is an international consortium of central banks and monetary authorities whose mission is to support central banks' pursuit of monetary and financial stability through international cooperation, and to act as a bank for central banks. See https://www.bis.org/about/index.htm. In 2022, the Basel Committee on Banking Supervision issued principles for the effective management and supervision of climate-related financial risks. See https://www.bis.org/press/p220615.htm.

4 On October 30, 2023, the Office of the Comptroller of the Currency, Board of Governors of the Federal Reserve System, and Federal Deposit Insurance Corporation jointly issued principles that provide a high-level framework for the safe and sound management of exposures to climate-related financial risks. See https://www.federalregister.gov/documents/2023/10/30/2023-23844/principles-for-climate-related-financial-risk-management-for-large-financial-institutions.

5 See https://www.ngfs.net/en/liste-chronologique/ngfs-publications.

6 See https://www.ngfs.net/ngfs-scenarios-portal/.

7 The NGFS is a voluntary group of central banks and supervisors that work together to contribute to the development of environment and climate risk management guidance and best practices in the financial sector for use both within and outside its membership.

8 See https://www.fhfa.gov/AboutUs/Reports/ReportDocuments/FHFA_StrategicPlan_2022-2026_Final.pdf.

9 ESG encompasses considerations of environmental, social, and governance factors. For the Enterprises, ESG covers their work to enhance environmental sustainability within the homes they finance, to advance consumer access to safe, resilient, and affordable housing opportunities in a sustainable manner, and to embed climate considerations within their board and management processes.

10 Fannie Mae’s 2023-2025 Strategic Plan is referenced in its 2022 Annual Report on Form 10-K (pp. 4) at https://www.fanniemae.com/media/46276/display.

11 See https://fhlbanks.com/the-federal-home-loan-banks-inaugural-corporate-social-responsibility-report/.?

12 See https://www.fhlb.com/getmedia/9cd26f43-96eb-4ac0-9dad-e109fd4abdb5/FHLBank-ESG-Report.pdf.

Authored by: Eric Kelley
Senior Strategic Analyst, Division of Conservatorship Oversight and Readiness

Authored by: Anne Marie Pippin
Deputy Director, Division of Conservatorship Oversight and Readiness

Authored by: La’Toya Holt
Senior Risk Analyst, Governance and Management Risk Branch, Office of Risk Analysis, Policy and Guidance and Development, Division of Enterprise Regulation

Editor: Varun Joshi
Economist, Climate Change and ESG Branch

https://www.ktmc.com/current-cases

Why is this case listed as "Recently Settled"?

What is this settlement?

They bold face and without any shame do articles on yahoo about what she (Pelosi) is supposedly trading. Yahoo is in the bag for all this nonsense in DC going on. worst criminal online political site ever. Yahoo encourages their readers to allow the Dem politicians to do insider trading. It's all good on the site as long as it helps the criminal party in charge, No regard for law or morals.

They bold face and without any shame do articles on yahoo about what she (Pelosi) is supposedly trading. Yahoo is in the bag for all this nonsense going on. worst criminal online political site ever. Yahoo encourages their readers to allow the Dem politicians to do insider trading. It's all good on the site as long as it helps the criminals in charge, No regard for law or morals.

I wonder if Pelosi is being watched or she's the one doing the GSE watching and sharing with fund owner husband.lol
FMCC

Boooom ! -

FMCC $1.31 -Shorts are headed for the exits ... 13.8% Fri

You can bet FNMA and FMCC trades are being monitored for the manipulation most of us know is absolutely going on.

We are truly in 1984 with those in charge with this governement.

https://www.newsmax.com/newsfront/spying-sec-privacy/2024/04/21/id/1161874/

You can bet FNMA and FMCC trades are being monitored for the manipulation most of us know is absolutely going on.

We are truly in 1984 with those in charge with this governement.

https://www.newsmax.com/newsfront/spying-sec-privacy/2024/04/21/id/1161874/

FMCC Naked Shorts Friday ....

FHFA no-bid contract deal -

In May 2023, I pressed FHFA Director Sandra Thompson on Doma Holdings: pic.twitter.com/NKeDYXNTw2

— Congressman William Timmons (@RepTimmons) April 19, 2024

I have BIG FOOT video !

The facts are this !

: he made clear to the jury he wanted a 8-0 verdict.

: he made very clear to the jury about claims that the law is and must follow.

:Why then did he want a Jury trial if he was going to just kick the can down the road when he could he dismissed the case in 2013 and be done with it ?

: the limited award, and I mean limited to what shareholders should get was very conservative.

Conclusion is from my point of view is he wanted an IRON CLAD jury verdict with a reasonable award so that the Government could not claim that this award is unjustified as it doesn’t follow the bonds of the law.

Are you serious? Fudge Lamebrain has been trying this "fast tracked" case since 2013. He has done everything to slow the case as fast as his 80 year old digestive system. Do you not remember the 2022 Halloween 8 woman 4-4 jury verdict. What a joke.
Lamebrain placed a greater importance on Halloween festivities than a verdict.

Plus the clincher, since when does a judge spew biased opinions like this clown did last fall.

He blamed the 2008 crash on the GSEs...

What info do you have to indicate the opposite....Sorry Bigfoot prints don't count.

FMCC

I still believe Judge Lambert wants to stick it to the Gov for there theft, there lying and how they have treated tax payers and shareholders life savings. He want's to retire on a good note so either he has some spine, or the Gov has threatened him with no retirement or dangled the big fat cash carrott in front of him to correct this jury 8-0. Time will tell if he has a spine or not.

HE told the Jury and he made it very clear he wanted a 8-0 verdict !! For the reason of ????? so no appeal would hold up !!!!

So long let go Brandon and uneducated leaderships F&F ( pretending higher class and dressing like a clown won let F&F out of Cship. Only MAGA DJT will make F&F free at last in Nov 24 and all the corrupt crooks will be out of work very very soon. All the fake media and crooks run gov what are they gone to do when DJT reclaims the WH? They will using all of their tactic deposal to make DJT not running but DJT will prove they are wrong and DJT will make it finish line no matter how hare they try. Patience is a virtue with your precious current share. Just remember one thing. Don't believe what the crooks say and look what the crooks do.

Im the one who told u let the shorts dig in in the mid .50s to buy .55 when u said .44 before .66. Im the one who told u if fannie hit high .90's 1.40 was a lock.. im the one who told u at .60 the fear is it will go up.. not down.. im the one along w navy that said its the shorts its the shorts.. so when fannie hit 1.99 it was pretty damn clear it was a short squeeze.. now its still a short squeeze only this time were playing with dimes instead of pennies.. Sammy my boy.. I tripled my mommies shares from 7k avg at 2.10 to 22.5k w avg of .80... u either read data and see things like me or u throw spaghetti at the wall like ur analysis ..

Yea ive been quiet becuz I've been tending to my garden.. and my online retail bizness has picked up.. while at the same time I was bearish figuring we had a correction in the cards that would eventually be dealt out.. I posted that when we first hit 1.45.. I said I thought march would be the downturn but of course I was early cuz it takes time for other people to realize what's going on on and unwind moves..

Holding ytd anchored vwap.. shhh trade secret of the hedgies and large institutes.. they will avg in at that price and protect it with large buy orders.. and its been clearly holding it at FMCC.. Fannie doesn't hold it and its becuz the lemmings purely trade on emotion and they r abused.. FMCC traders stay calm and buy the dip. We know we r worth more than Fannie 1 for 1.. patience and we will overtake Fannie and beat them to $3.50.. the promised land is not far.. dont let the sun going down and a cold night shake u from ur conviction at the bottom of the range... right now the range is 1.24 to 1.43... the next lower range is bottom .80 or .93 to the top 1.15 or 1.25.. a bump from here at 1.25 up to retest 1.45 is in the current cards.. and a selling 1.45 has the higher risk this time.. squeeze could goto $3 this round if we break 1.45..

Hell of a nice display holding up in todays bloodbath

Riding on the Trump Train ensures eventual reparations from Obama Administration that controls puppet Biden who's stanky old foot on throatOdaTWINS..

FNMA FMCC RELEASE COMING.

LOOKING TO ADD...

never gonna happen - incompetent Q-tip is way over her head

Sandra has ZERO Leadership - will only do what she is told

Priscilla could get the JOB done but is outnumbered 2 - 1

Three women who, if they get together in the same room for half an hour, can unlock $100B+ for affordable housing:

1. Janet Yellen, US Treasury
2. Sandra Thompson, FHFA
3. Priscilla Almodovar, Fannie Mae$FNMA #FANNIEGATE https://t.co/wF7Oq0rALe

— Fanniegate Hero (@DoNotLose) April 19, 2024

Instead of addressing President Biden’s housing crisis, @HUDgov and @FHFA are pushing his radical climate agenda.
 
Families in communities like the one I grew up in want affordable homes and safe communities – not the Green New Deal. pic.twitter.com/w89vLNp3Gf

— Tim Scott (@SenatorTimScott) April 19, 2024

Morningstar DBRS assigned AAA ratings w “stable” outlook

to Fannie Mae & Freddie Mac on Thursday.

The rating service noted that the ratings were directly linked to the “long-term
local currency issuer rating” the firm currently has assigned to the U.S....

Sales of existing homes declined by 4.3% on a monthly basis in March, according to the
National Association of Realtors. “Though rebounding from cyclical lows, home sales are
stuck because interest rates have not made any major moves,” said Lawrence Yun,
chief economist at NAR.

Interest rates on mortgages have increased in April, hitting an average of 7.10% this week,
according to Freddie Mac...

So stark in fact i don’t remember Calabria saying one time in office they are preparing for release while Thompson has directly said this… we only found out in hindsight when Craig Phillips told us behind the scenes they were discussing it and that was over a year the Trump admin was gone…

Tim wants to be an expert on this and doesn’t even know what the agency heads are saying?

Awww Tim has selective memory….. Bless his soul…

“Thompson says FHFA is preparing GSEs for end of conservatorship…..

https://www.americanbanker.com/news/thompson-says-fhfa-is-preparing-gses-for-end-of-conservatorship

this was shot back from the supreme court, so governmentt can not escalate it. Lamberth was told to correct his jacked up ruling, Government is totally dependent on Lamberth staking his whole career on what he does next. I s he bought an paid for or will he follow the law and constitution?

I agree, motions are usually filed at the beginning! Lamberth should punish this nonsense and threaten to double the award.

honestly this chart shows a clear buy here.. looks like accumulation between 1.20 and 1.50 for the next leg up which could measure much bigger than previous legs.. maybe we get a dragons tooth spike down and liquidity grab.. get urs if so.. dont sell this next dip.. this is basically short term relief for the shorts.. theyll have their opportunity to cover.. and dont be a seller. buy before they can.. maybe we end up on the leader board one day soon up 100% or 200% bring in all kinds of fresh money.. hopefully news comes after that of release.. Trump maybe mentions release sometime over the next few months.. just on that we coould get 100% or 200% back to regular $3-4 range..

thats definitely possible if its starts squeezing cuz shorts will be reloading the 1.45 area heavily and momentum could keep it going up..

I was comparing scorecards between Calabria and Thompson this morning (no, seriously) and differences were very stark - Calabria: prepare the GSEs for exit - Thompson: affordable housing, climate, appraisal bias, and no mention of exit from conservatorship.

— Tim Rood (@tim_rood_) April 18, 2024

Yabba Dabba Dooooo !! - this time we BUST THRU $2 !!! ....

-

its possible we made a higher low and we have a target price of 1.43 from here until mm's wana lighten up and shorts r once again comfy.. i'd dance if we make it there.. if we fall under 1.15 load the boat.. other wise its a hold

$Boooom ! - Freddie Mac wants a new role financing
Homeowners sitting on equity. One banking group isn’t happy.
if Banks don't like it - $IT'S a $GENIUS MOVE !!
($Very $Smart $Move - $ALREADY SOLID $PRODUCING $LOANS)

Published: April 17, 2024 at 5:30 p.m. ET - By Joy Wiltermuth

The housing giant could make a $850 billion splash in the market for
second-lien mortgages under a new proposal



A Wall Street lobbying group thinks Freddie Mac’s proposal is mission creep and wants
second-lien mortgages to stay in the domain of private credit. GETTY
-8.97%

Housing giant Freddie Mac wants the green light to expand its already dominant footprint
in the estimated $44.8 trillion U.S. housing market. But not everyone is on board.

Federal regulators want feedback on Freddie’s new proposal to allow it to start buying up
second-lien mortgages, a popular product among cash-strapped U.S. homeowners looking
to tap the equity in their properties, especially after mortgage rates shot up in the wake
of the pandemic.

Read: Homeowners scrambling for cash breathe new life into second-lien mortgage market

The aim is for Freddie to start buying fixed-rate second liens potentially by this summer, giving
borrowers a way to tap an estimated $32 trillion of equity built up in U.S. homes in recent years.
If approved, it would open the door for more borrowers to extract cash from their homes, without
having to refinance at current 30-year fixed mortgage rates of about 7.2%.

But a major financial-industry lobbying group said Wednesday that the second-lien market should
remain in the hands of private credit, not a partially government-backed entity.

“In the current market, closed-end second mortgages have been, and continue to be, successfully
originated and funded by private capital,” said Michael Bright, chief executive of the Structured
Finance Association, in a statement. “It is quite unclear what role the government-sponsored
enterprises have in funding these mortgage products, or how that fits into Freddie Mac’s overall
government-chartered mission objective.”

Freddie Mac FMCC, -5.38%, Fannie Mae FNMA, -8.97% and other government-sponsored
housing agencies already have a roughly $9.1 trillion stake in the estimated $13 trillion
U.S. residential-mortgage market.

While they don’t make loans, they buy up 30-year fixed-rate mortgages that conform to higher
lending standards put in place after the late-2000s subprime-mortgage crisis.

These lower-risk loans often end up bundled into bond deals with government guarantees that
primarily are owned by the Federal Reserve and banks, among other investors. Because of
these guarantees, investors consider the bonds to be a Treasury surrogate.

A hitch to Freddie’s proposal would be that it only buys second liens on homes where it already
financed the first mortgage.

Importantly, the proposal aims to limit how much homeowners can borrow in total against their
homes. Freddie said it plans to keep a borrower’s loan-to-value ratio at less than 80% when
looking at both first and second-lien mortgages on a home, keeping an equity cushion in place
in times of stress.

Servicing of the loans also would be overseen by Freddie, which means homeowners could
have access to payment pauses implemented by the government — such as the ones rolled
out during the COVID-19 pandemic, or in cases where homes are hit by hurricanes or other
natural disasters.

The SFA — which represents bond investors, issuers and Wall Street banks — called the
proposal “an unnecessary government encroachment into a sector that has been operating
successfully without government involvement.”

But Freddie’s charter, in place for decades, already indicates that it is authorized to purchase,
service, sell and deal in subordinate second liens.

BofA Global researchers estimated Wednesday that Freddie could end up owning around
$850 billion in second liens, given the huge swath of first-lien mortgages it already financed
at rates below 4%, and based on a combined loan-to-value ratio of 75%.

Fannie Mae, which hasn’t announced a similar program, could see volume of $1 trillion in
second liens when looking at the same parameters.

For context, the BofA Global researchers expect Wall Street to package up to a total of
about $11 billion in home-equity lines of credit and second liens into bond deals this year,
up from only $4.5 billion in 2023.

The U.S. housing market has been largely frozen since the Federal Reserve began
raising interest rates in 2022 to fight high inflation, a battle it continues to wage to this day.

Common sense tells us that Lamberth would not have taken the case and would have just dismissed it immediately if it was illegal per "a matter of law." There would have been no point to even go forward with a bench or a jury trial. That decision to establish lawful "standing" is made at the very beginning of the trial by the Judge. Usually "Motions to Dismiss" happen at the beginning stages. Normally an Appeals court would be the proper venue to file what the Defense is looking to do.

The topic is not about the case. It's about the doctrine of unanimous verdicts

this is a civil case not a criminal case yet.. unfortunately..

Joey, you’re talking an awful lot this morning, you okay? Breathe, inhale, exhale! Count to 10.

lets just call it 1.15 now.. if u dont understand how much money is involved in this then ur on cloud 9 go back to sleep.. check back in september theres an 80% probability youll be up..prob $2.. the market doesnt care about what u think or feelings.. easy come easy goes the money.. depends how in love u r in ur investment.. im keeping a foot in the real world.. becuz im not rich yet.. i need to trade and protect what i have.. seek opportunities and predict trend changes.. and when weve gotten blindsided and blatantly cheated over and over u learn to adapt or roll over and give up..

With a unanimous verdicts in 8-0 , it is protected and can't be voided under a sixth amendment.

https://www.law.cornell.edu/constitution-conan/amendment-6/unanimity-of-the-jury

i hope it squeezes today but im planning for it to go lower and to be pissed and lose money.. im also positioned to at least not lose shares if it starts to squeeze.. i think the lower it falls here the higher the squeeze next run.. so get the f outta the way if ur shorting below 1.17 thank u for ur contribution.. ur offering is appreciated.. ur money will be in better hands soon enough..

i said 1.17 was the battle line in feb before we ran up.. where did it fall to on that big drop end of march? exactly 1.17.. i said i was out at 1.45 for a breather i missed out on the blow off short squeeze top.. made a few good trades up there.. but wasnt holding i knew it was a short squeeze.. the money is ebb and flowing and breathing in and out of this.. if u cant feel it then stop whining and wasting space on the msg board.. poo poo all u want im here to make money.. i got half my shares currently and im not expecting anything but a drop shake out back to somewhat normal up and down between .80 and 1.25 until the next squeeze.. ur mfn welcome..

sammy boy ur wrong 9 outta 10 times u r the jim cramer/kathy wood protege of ihub..

shorts r coming in at full strength the past week.. accounting for 45-60% daily volume.. u can remove availability of shorts by having ur shares in a cash acct.. shares in margin accts get lent out.. and ur broker and short selllers r benefiting off ur losses..

https://www.marketwatch.com/story/freddie-mac-wants-a-new-role-financing-homeowners-sitting-on-equity-this-group-isnt-happy-39b74659?mod=mw_more_headlines

How can any real world analyst wrap their head around this? Freddie in conservatorship wants all the refi business?

it's too late to ask for JMOL, jury has already deliberated and ruled.. unless the defendants have previously asked for JMOL before jury deliberation.. only then, they can ask again.. check the court records.. does anybody recall them asking then?

Lamberth better tell them to F-off in so many words. If he allows them to punch the 8-0 verdict to the ground, all hope in any court is lost against a government that no longer respects who elects and supports it. Pretty much kick Joe out and bring Putin in then. Do any of the legal eagles on the FNMA board ( Not KT- Korny-Talk or FFFlatulance or manwithnosense) know of any unanimous jury decision against government ever being over turned? There were two good legal minds on FNMA...can't remember, The guy who discusses with Robertfromyahoo about the administrative state and I think Obidictrum (SP)??? I'd ask on FNMA if I could.

These government rat-bass-terds are kicking every can they can down the road in hopes of ending future law suits. And the jackwagon judges play along🤬