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Click on the link and then click on biz brief, you will see all the information that I copied
Financial Overview
For the three months ended 31 March 2024, Federal Home Loan Mortgage Corp revenues increased 16% to $28.79B. Net income applicable to common stockholders totaled $25M vs. loss of $54M. Revenues reflect Net Interest Margin, Total -% increase of 4% to 0.58%, Interest income increase of 13% to $26.23B, Gain (Loss) on Investments increase from -$225M to $405M. Net Income reflects (Provision) benefit for credit losses decrease of 54% to $181M (expense).
https://m.insidertracking.com/node/7?menu_tickersearch=Fmcc
Net income applicable to common stockholders total $25 M vs. loss of $54 M.
What is net income applicable to common shares ?
DEFINITION
Net income applicable to common shares is the income that could be given to shareholders after taxes, non-controlling interest, and dividends on preferred stock are deducted.
In case # 13-mc-01288 , it's about
Fannie Mae/Freddie Mac Senior Preferred Stock Purchase Agreement Class Action Litigations, therefore it's up to Lamberth to finalize to resolve Treasury ownership. Because of 8-0 verdicts in favor of plaintiffs. Treasury need to wait for decision from Lamberth.
How the game of gses conservatorship will end , the endgame of gses conservatorship will end in hands of Lamberth in court , not in any administrations.
In case # 13-mc-01288 , it's about
Fannie Mae/Freddie Mac Senior Preferred Stock Purchase Agreement Class Action Litigations, therefore it's up to Lamberth to finalize to resolve Treasury ownership. Because of 8-0 verdicts in favor of plaintiffs. Treasury need to wait for decision from Lamberth.
On July 16, 2024 , maybe this miracle will happen
http://imaginicsinvestments.com/index.php/housing-wire-news/15179-fannies-ceo-contemplates-a-future-after-government-conservatorship
This article was published on January 18 , 2024. It says
Quote "After more than 15 years under government control, Fannie Mae's chief executive officer is thinking about a possible future without it(government control).
So on June 11 , 2024 , Freddie Mac delisted bond debt securities from NYSE and filed form 25.
It's happening, that Fannie and Freddie are in the process of getting out of government control by first delisted bond from NYSE.
But to exit government conservatorship , Fannie Mae and Freddie Mac need a new strong foundation, including new banking regulations.
https://www2.deloitte.com/us/en/pages/regulatory/articles/banking-regulatory-outlook.html
U.s. debt is now at about $ 34 trillion.
Powell warned that it's unsustainable.
U.s Treasury Bond
U.s agency bond
The names are different but if you cross out the words Treasury Bond and agency bond, then only the word U.S remains that is why in order to get out of government control, Freddie Mac had to delisted Bond
http://imaginicsinvestments.com/index.php/housing-wire-news/15179-fannies-ceo-contemplates-a-future-after-government-conservatorship
This article was published on January 18 , 2024. It says
Quote "After more than 15 years under government control, Fannie Mae's chief executive officer is thinking about a possible future without it(government control).
So on June 11 , 2024 , Freddie Mac delisted bond debt securities from NYSE and filed form 25.
It's happening, that Fannie and Freddie are in the process of getting out of government control by first delisted bond from NYSE.
JUDGEHonorable Royce C. Lamberth already ordered that any personal from any government agencies ARE NOT ALLOWED TO BUY any stock securities of Fannie and Freddie.
Bravo !!
I should have said this long time ago.
But the reason that I say now is to refresh our memory..
I am on your side.
It would be against law to stop Calabria from commenting about gses on x.
Or and also
It would be against the law , if governments try to stop or cancel this
CASE Number 13-mc-01288
JUDGEHonorable Royce C. Lamberth
Must serves the verdicts of those 8 jurors .
Due to the violations in shareholder contracts during the 2nd trials, conservatorship is almost ended.
Why would the buying from Friday continue?
Well ! One possible answer is that July 1 is the last day of bond debt securities to trade on NYSE.
This means that bond investors will have to sell at the lost.
My point is simple.
Will they sell bond at the lost to buy fmcc and fnma and including all preferred shares?
Here is the information I copied
"US Banks Dumping Exposure To $2,500,000,000,000 Market Before ‘Inevitable Losses’ Hammer Balance Sheets" starting Monday.
Yes , I meant to say unconstitutional
Property tax is unconditional.
More and more states are planning to abolish property tax.
https://www.reuters.com/legal/us-supreme-court-curbs-states-property-tax-windfall-2023-05-25/
https://www.governing.com/finance/some-states-are-looking-to-abolish-property-taxes-entirely
Both news and conservatorship violated shareholder contracts under corporation charter.
All Shareholder contracts are protected under corporation charter.
Lamberth need to finalize to end conservatorship due to 8-0 verdicts.
Fhfa had a congressional authorization, therefore it is different story
Quote " federal agencies will have less power Without explicit congressional authentication "
Key words
Without explicit congressional authentication.
Start trading on October of this year.
Will Fannie Mae and Freddie Mac reach $5 between July 17 to August 1, 2024 ?
Does the senior preferred stock purchase agreement protect debt and mortgage backed securities issued
or maturing after 2009?
Yes.
But now , starting this July 1 , 2024.
No more debt, because Freddie Mac already delisted bond debt securities from NYSE.
Based on 8-0 verdicts!
Do we still need spspa to protect the debt?
Or
Will we have another roaring kitty for Fannie and Freddie in coming week?
You have a good question.
How do stocks react to form 25?
Or
How do retail investors react to form 25 ?
To react or not to react will depend on the knowledge of each retail investors
To be honest !! It took me some time to realize about it.
I respect your opinion and your integrity. I don't want to question or argue with you at this time. You do your own dd and follow your own path and I follow my path.
Much sooner within 5 months timeframe.
Why ?
Because they delisted bond securities before an expiration date.
Just think !
Calabria once said government conservatorship will be terminated in 2024 by the end of his term.
I expect that government conservatorship will be terminated in 2024 , no matter what.
from ERCF in December 2022,
The ERCF has a transition period for compliance. In general, the compliance date for the regulatory ERCF capital requirements will
be the later of the termination date of the Enterprise’s conservatorship and any compliance date provided in a transition order. The
compliance date for regulatory buffer requirements in the ERCF will be the date of termination of the conservatorship. With respect
to the ERCF’s advanced approach requirements, the compliance date is currently established as January 1, 2025, or any later
compliance date as specified by FHFA.
It's called a compliance date when ERCF have been met. January 1 2025 was a compliance date to terminate the conservatorship as specified by fhfa.
However, for ERCF of 2024, they changed the compliance date to January 1 2028.
It's still confusing me.
I am not clear on specific date
But action is now speaking louder than words since Freddie Mac delisting this agency bond in June 11 2024.
From wikipedia during housing bubble in 2008 Fannie Mae and Freddie Mac owned small fraction portfolio in subprime mortgage.
Without this agency Bond, Fannie Mae and Freddie Mac would be fine.
This is the reason why they delisted this nonbergur agency bond in order to privatize Fannie and Freddie
Thank
You are part of our team
Here is a link for your own dd.
https://www.schwab.com/learn/story/us-agency-bonds-what-you-should-know
what does this form 25 mean for shareholders?
Government conservatorship!!
To answer your question, we have to ask another question.
Why were Fannie Mae and Freddie Mac placed in government conservatorship in 2010 ?
Besides Treasury Bond and corporate bond, there is another bond, it's called agency bond.
This agency bond is/was issued by Fannie Mae and Freddie Mac. Too complicated. But to make a story short, Freddie Mac and Fannie Mae somehow are under pressure to get out of government conservatorship.
And the only way to get out of this government conservatorship is by delisting to eliminate this agency bond permanently from this planet Earth.
Therefore and that's why Freddie Mac is now delisting this agency bond and also filed form 25.
Quote from Freddie Mac site"
The continued listing of this bond would subject Freddie Mac to rules and administration that are unnecessary given its status in government conservatorship."
Therefore, shareholders need to get out from this government conservatorship by delisted securities and filed form 25
what does this form 25 mean for shareholders?
Government conservatorship!!
To answer your question, we have to ask another question.
Why were Fannie Mae and Freddie Mac placed in government conservatorship in 2010 ?
Besides Treasury Bond and corporate bond, there is another bond, it's called agency bond.
This agency bond is/was issued by Fannie Mae and Freddie Mac. Too complicated. But to make a story short, Freddie Mac and Fannie Mae somehow are under pressure to get out of government conservatorship.
And the only way to get out of this government conservatorship is by delisting to eliminate this agency bond permanently from this planet Earth.
Therefore and that's why Freddie Mac is now delisting this agency bond and also filed form 25.
This link, it allows you to search any specific words or any companies.
For example
I want to search for FHFA conservatorship,
https://companies.einnews.com/search/Fhfa+conservatorship+/?search%5B%5D=news&search%5B%5D=press&order=relevance&search_feed_list=yes&search_market=yes&age=90
Get all news instantly..
https://quotes.freerealtime.com/quotes/Fmcc/Quote
8-0 verdicts spoke loud and clear that conservatorship and news violated shareholder contracts under corporation charter.
Very interesting
Today is June 19 , no trading on Juneteenth holiday, officially Juneteenth National Independence Day,
You could be right
Congress replied good, I will get back to you next five more years. Then I will tell you what to do