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FHFA Approves Freddie Second-Lien Pilot but With Strict Limits
Inside Mortgage Finance
The Federal Housing Finance Agency late Friday issued a conditional approval to a controversial pilot program proposed by Freddie Mac that would allow the government-sponsored enterprise to acquire closed-end second liens.
Among the constraints: The program will operate for 18 months with a cap of $2.5 billion in acquisitions. The maximum loan amount is set at $78,277, subject to adjustments for inflation.
FHFA sought comments on the proposal in April. Industry participants largely opposed the measure, claiming it included insufficient details and was unnecessary.
However, FHFA Director Sandra Thompson said the conditional approval of the pilot “was informed by the numerous comment letters received as well as considerations required by law.” Among other factors, she noted that Freddie’s charter allows the GSE to acquire second liens and that the product will provide an alternative to cash-out refinances.
Monday morning, research firm Keefe, Bruyette & Woods issued a report, saying, "Given the modest scale of the announced pilot program, there should be no meaningful impact on the mortgage market."
Raise The Ask, Raise The Ask
Shareholders have been Wronged by the Conservatosrship
Wronged by their own government
Fight, Fight, Fight
Fight to Make it right
Fight to have it made Right
Two hallmark features of the GSE Conservatorship are :
Corruption
and
Incompetence
Consensus?
FNMA up or down manana? (that's Spanish for tomorrow)?
Thanks - My Saved Searches on Google
showed that article as being releases
just 8 hours before i posted it...Sorry
FNMA - FMCC
Buying Frenzy Stampede Rush Monday
Keep your Pointer on the Buy Button
ReCharge Operation Activation
Fight, Fight, Fight -
Fight to Right the WRONG done
to Fannie and Freddie Shareholders
Just Released - TightCoil sentiment for FNMA and FMCC
Strong Buy - then HOLD FOR GOLD
Good Sign for Fannie and Freddie
They both pulled off their lows like like cats on a hot tin roof
Latest TightCoil Report just released:
2 best stocks to buy tomorrow June 17
1. Fannie Mae - FNMA - Forecasting $1.89 by end of June
2. Freddie Mac - FMCC - Forecasting $1.83 by end of June
Dear Fannie Mae and Freddie Mac:
Pretty Please Cause Your PPS's To Go Way Up Tomorrow
Fight - Get Mad - Shareholders have been lied to - CHEATED - We were
told this Conservatorship was to be temporary - LIE -
WE DESERVE REPARATIONS- Anger is the only language Treasury and FHFA will
understand.- Raging Anger
Suit Up, Get Aboard, and Don;t Look Back
Let's be honest around here, for once...I know it,
you know it, the whole world knows it,
A MAJOR POP IS AROUND THE CORNER. so
LOAD UP BEFORE THE TRAIN LEAVES THE STATION
👍️All Aboard! The Fannie/Freddie Express will
be leaving the station at the crack of the Opening
Bell. Destin🏁ation MoneyVille, USA
Nothing bad happening with Fan and Fred. both are staying above
their lows and volume is great - not a rose, but not a thorn, either
We'll end the day smelling like a Rose,
you'll see
I'm sure FNMA and FMCC Shareholders are
Something Big is coming for Fan and Fred
Have High-Altitude Gear close, we all
might have to Suit-Up early in da mornin'
Hold for the Gold - Hold for the Gold - Hold for the Gold
Go Fannie, Go, Go, Go
Run Freddie, Run, Run, Run
Share prices for FNMA and FMCC are so cheap,
that if if you dare to buy now you might get
arrested, and put in JAIL cause these prices are A STEAL.
Hope you can make BAIL
Fight Back - Fight to Make it Right
Fight for Fannie
Fight for Freddie
Don't Give Up The Fight for what it Right
How about one of those
3D Printed Fish Fillets?
Raise The Ask - They will pay
Raise The Ask - They will pay
We've got good support and today's action proves
it because both Fannie and Freddie traded over
2 millions (today) and essentially remained
unchanged...very good sign for tomorrow and the rest of the week
Ground control to Major Tom
We have lift-off
Market opens in about 14 hours...Are You Ready?
Are You ready for some razzle-dazzle lolopaluzza Action?
Then Buckle Up...Eli is a-comin'
Somethin's Comin'
I don't know
what it is,
but it is,
gonna be great!
Around the Corner
or Whistlin' down the River,
Come on, Deliver
To Me
Here's hoping for Something Big to come for Fannie and Freddie,
that will cause Fan and Fred's share prices to gain at least
20% by end of month, which will put Fannie around $2.10,
and Freddie within sight of $2.00
KT might be a woman
Go, Fannie, Go, Go, Go
Run Freddie, Run, Run, Run
Somethin's Comin'
I don't know
what it is
but it is
gonna be great
Future Performance of FNMA and FMCC
RALLY FOR OUR DREAMS ! DREAM FOR OUR DREAMS
Something's Coming - Song from WestSideStory
Song by Jimmy Bryant
Could be, who knows?
There's somethin' due any day
I will know right away, soon as it shows
It may come cannonballin' down through the sky
Gleam in its eye, bright as a rose
Who knows? It's only just out of reach
Down the block, on a beach, under a tree
I got a feelin' there's a miracle due
Gonna come true, comin' to me
Could it be? Yes, it could
Somethin's comin', somethin' good, if I can wait
Somethin's comin', I don't know what it is
But it is gonna be great
With a click, with a shock
Phone'll jingle, door'll knock, open the latch
Somethin's comin', don't know when
But it's soon, catch the moon, one-handed catch
Around the corner
Or whistlin' down the river
Come on, deliver to me
Will it be? Yes, it will
Maybe just by holdin' still, it'll be there
Come on, somethin', come on in, don't be shy
Meet a guy, pull up a chair, the air is hummin'
And somethin' great is comin'
Who knows? It's only just out of reach
Down the block, on a beach, maybe tonight
Maybe tonight, maybe tonight
Booster Force Actovated
Run Fannie Mae, Run
Go Freddie Mac, Go
A rare alignment of 9 stars tonight will cause
Fannie Mae and Freddie Mac to have substantial
gains tomorrow (Thursday) and Friday, Fannie and
Freddie will gain, at least, 12-17 cents each
Mark this Post
Load Up - Suit Up
or stand away from Launch and Shut Up
You might be referring to this:
Warren Buffett: Fannie Mae Fumble: A $1.4 Billion Mistake Learned the Hard Way
https://acquirersmultiple.com/2023/12/warren-buffett-fannie-mae-fumble-a-1-4-billion-mistake-learned-the-hard-way/
FNMA/FMCC
Nothing bad happening - both are getting a
second wind for an Upcoming Big One
One order of more gains
coming right up for FNMA
hold the mayo
Fannie Mae Registers $1.2 Billion Loss, Smallest Since 2007
https://www.aol.com/news/2010-08-06-fannie-mae-registers-1-2-billion-loss-smallest-since-2007.html