something me and you share , fun.
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Freddie Mac Sets Release Date for Second Quarter 2016 Financial Results
Jul 29, 2016 09:00:00 (ET)
Freddie Mac Sets Release Date for Second Quarter 2016 Financial Results
MCLEAN, VA--(Marketwired - Jul 29, 2016) - Freddie Mac (OTCQB: FMCC) announced today that it plans to report its second quarter 2016 financial results before the U.S. financial markets open on Tuesday, August 2, 2016.
The company will hold a conference call at 9:00 a.m. Eastern time (ET) on Tuesday, August 2, 2016, to discuss the company's results with the media. The conference call will be concurrently webcast. To access the live audio webcast, use the following link http://edge.media-server.com/m/p/bwmyws9z. The replay will be available on the company's website at www.FreddieMac.com/investors for approximately 30 days.
All materials related to the call will be available on the Investor Relations page of the company's website at www.FreddieMac.com/investors.
Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Today Freddie Mac is making home possible for approximately one in four home borrowers and is the largest source of financing for multifamily housing. Additional information is available at FreddieMac.com, Twitter @FreddieMac and Freddie Mac's blog FreddieMac.com/blog.
(MORE TO FOLLOW) Dow Jones Newswires
July 29, 2016 09:00 ET (13:00 GMT)
sound like "all in" on Monday !
GSE recap advocates should prepare for long game
Increased lobbying efforts to encourage the recapitalisation of government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac in the near future are likely to be futile given the political environment in the US.
http://www.globalcapital.com/article/ytr0wfclf6ny/gse-recap-advocates-should-prepare-for-long-game
To be sure, Investors Unite’s chief concern – following the law and upholding the rights of shareholders in Fannie Mae and Freddie Mac – is too granular for a party platform. Nonetheless, Schoen’s poll did raise the issue. He found that those surveyed think what is happening to shareholders is emblematic of a system that is largely rigged and unfair. When asked about the Net Worth Sweep, a plurality (47%) of likely voters said they believe the sweep takes funds that could be used to increase the availability of mortgages and is a violation of shareholder rights. This perception was especially strong among Black voters. Overall, nearly two-thirds (63%) of likely voters believe the rights of shareholders and investors in Fannie Mae and Freddie Mac should be protected from the government.
Regardless of which party prevails this November, these surveys reveal a nation eager for their elected officials to take up the last and perhaps most important piece of unfinished business from the financial crisis and recession. It is impossible to extrapolate directly from the data but it is reasonable to assume that upending housing finance, carelessly abandoning shareholder rights, and turning Fannie and Freddie over to the whims of big banks without evidence it will help average Americans is not the kind of reform people want.
http://www.valuewalk.com/2016/07/fannie-mae-housing-affordability/
In my view Gov. are trying take control of Fnf and turn them belong to Gov. like "Post Office" . They planed it for yrs , only thing is wrong the way to take it . (shares holders) We only last hope is DoJ ...base on Constitution ." Wind them down but take all their money before it!" look like a dump guys with the guns (powers) taking privates properties...got cocktail and no jail.
...........................................
Pointing a Finger at the Fed in the Lehman Disaster
Common Sense
By JAMES B. STEWART JULY 21, 2016
http://www.nytimes.com/2016/07/22/business/economy/pointing-a-finger-at-the-fed-in-the-lehman-disaster.html
One of the more intriguing questions Professor Ball tackles is why Mr. Paulson, rather than Mr. Bernanke, appears to have been the primary decision maker, when sole authority to lend to an institution in distress rests with the Fed. The answer, he suggests, is to be found more in psychology than data.
“By many accounts, Paulson was a highly assertive person who often told others what to do, and Bernanke was not,” Professor Ball writes. “Based on these traits, we would expect Paulson to take charge in a crisis.”
There’s no way to know whether lending to Lehman that weekend would have staved off a financial crisis, or significantly reduced its magnitude.
“I’m not trying to judge them or say I or anyone else would have done any better,” Professor Ball said. “There was extraordinary political pressure not to bail out Lehman, and it would have been very difficult to go against that. But that’s completely different from what they’ve said. The record needs to be set straight.”
Professor Ball concludes: “Lehman might have survived indefinitely as an independent firm; it might have been acquired by another institution; or eventually it might have been forced to wind down its business. Any of these outcomes, however, would likely have been less disruptive to the financial system than the bankruptcy that actually occurred.”
Sixth Circuit Court of Appeals Accepts Materialization-of-Risk Standard for Loss Causation
Thursday, July 21, 2016
The U.S. Court of Appeals for the Sixth Circuit yesterday recognized the “materialization of the risk” standard as a means of proving loss causation in securities-fraud cases. The court’s decision in Ohio Public Employees Retirement System v. Federal Home Loan Mortgage Corp. aligns the Sixth Circuit with the majority of other circuits, which have also allowed plaintiffs to plead loss causation by alleging damages arising from a materialization of a concealed risk, even in the absence of a corrective disclosure of the previously hidden or misstated “truth.”
http://www.natlawreview.com/article/sixth-circuit-court-appeals-accepts-materialization-risk-standard-loss-causation
Have you ever wondered why the crippling 2008 financial crisis generated almost no criminal prosecutions of large banks and their top executives?
http://www.nytimes.com/2016/07/17/business/a-bank-too-big-to-jail.html?smid=tw-share&_r=1
missing 100 pages reports "Too big to jail"
no sure can be trust ! maybe 20%
too many News of FnF on Tweets today, I don't think any one seems care!
sell sell sell
check this out ....more positions add than last month
http://finance.yahoo.com/quote/FNMA/holders
I saw Intitutions add positions ! check Own in your act you see it .. GL
No notice, no public comment period, no public debate, and no transparency. That's how HUD made this decision.
Hensarling: Attack on FHA’s Insurance Fund Must be Stopped
No notice, no public comment period, no public debate, and no transparency. That's how HUD made this decision.https://t.co/fQwygbqcIG
— Financial Services GOP (@FinancialCmte) July 13, 2016
sometime real hard to think , but essay let it happens like Govs take all FnF profits. If They know their lose the case ...they come out new rule or laws ....but Those suckers know oneday ppl come to their house take everything fr them!
The following statement was released today by Freddie Mac (OTCQB: FMCC) and is attributed to David Lowman, executive vice president, single-family business:
"Freddie Mac is meeting the milestones that will make the Single Security and a stronger housing finance system a reality. We have completed joint system-to-system testing with Common Securitization Solutions (CSS) as preparation for using their Common Securitization Platform for a range of activities related to Freddie Mac Participation Certificates (PC) and Giant PC issuance. The progress charted in the Federal Housing Finance Agency's (FHFA) latest update is leading to a more liquid TBA market and a stronger housing finance system. We look forward to working with FHFA, Fannie Mae, CSS and other stakeholders to reach the remaining milestones and bring the Single Security to market."
Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Today Freddie Mac is making home possible for approximately one in four home borrowers and is the largest source of financing for multifamily housing. Additional information is available at www.FreddieMac.com, Twitter @FreddieMac and Freddie Mac's blog www.FreddieMac.com/blog.
Mortgage Rates Little ChangedFont size: A | A | A
10:00 AM ET 7/14/16 | Marketwired
MCLEAN, VA--(Marketwired - Jul 14, 2016) - Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates holding steady with the 30-year fixed-rate mortgage remaining near its all-time record low of 3.31 percent in November of 2012.
News Facts
30-year fixed-rate mortgage (FRM) averaged 3.42 percent with an average 0.5 point for the week ending July 14, 2016, up from last week when it averaged 3.41 percent. A year ago at this time, the 30-year FRM averaged 4.09 percent.
15-year FRM this week averaged 2.72 percent with an average 0.5 point, down from last week when it averaged 2.74 percent. A year ago at this time, the 15-year FRM averaged 3.25 percent.
5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.76 percent this week with an average 0.4 point, up from last week when it averaged 2.68 percent. A year ago, the 5-year ARM averaged 2.96.
Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage. Visit the following link for the Definitions. Borrowers may still pay closing costs which are not included in the survey.
Quote Attributed to Sean Becketti, chief economist, Freddie Mac.
"We describe the last few weeks as A Tale of Two Rates. Immediately following the Brexit vote, U.S. Treasury yields plummeted to all-time lows. This week, markets stabilized and the 10-year Treasury yield rebounded sharply. In contrast, the 30-year mortgage rate declined after the Brexit vote, but only by half as much as the 10-year Treasury yield. This week, the 30-year fixed rate barely budged, rising just one basis point to 3.42 percent. This pattern suggests that mortgage rates are likely to remain low throughout the summer."
Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Today Freddie Mac is making home possible for one in four home borrowers and is the largest source of financing for multifamily housing. Additional information is available at FreddieMac.com, Twitter @FreddieMac and Freddie Mac's blog FreddieMac.com/blog.
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=3033713
this 15th final brief, 6weeks may trail with jury maybe longer
worst shares fall 1.5$ best 150s ...I will take 80$ , Ackman will take 20 i guess!
The Dodd-Frank Act’s designation authority seeks to achieve two fundamentally
irreconcilable objectives. On the one hand, the Dodd-Frank Act tries to constrain risktaking
through stricter regulation of large, complex financial institutions. But the
designation of these firms undermines market discipline because it sends a clear signal that
government regulators think these firms are “too big to fail”; after all, that is the reason for
subjecting these firms to “heightened prudential standards.”122 Designation thus generates
even greater risk-taking and moral hazard, because creditors and counterparties will not
monitor the firm as scrupulously as they otherwise would, knowing that government
regulators will not allow the firm to fail, which means that they will not suffer losses.123 Or
as noted financial analyst Josh Rosner testified before the Oversight and Investigations
Subcommittee, “Title I and Title II create a special class of GSE-like companies that benefit
from an implied government guarantee.”124
http://financialservices.house.gov/uploadedfiles/financial_choice_act_comprehensive_outline.pdf
No notice, no public comment period, no public debate, and no transparency. That's how HUD made this decision.
Hensarling: Attack on FHA’s Insurance Fund Must be Stopped
No notice, no public comment period, no public debate, and no transparency. That's how HUD made this decision.https://t.co/fQwygbqcIG
— Financial Services GOP (@FinancialCmte) July 13, 2016
It's meaning there are enough clue for trial!
"In the ongoing litigation saga of the shareholders of Fannie Mae versus the Government, the Government recently filed another Motion to Dismiss most of the suits by plaintiffs filed in the Court of Federal Claims. Those claims allege that the execution of the Net Worth Sweep was a taking of the value of plaintiffs' shares in Fannie. The Government argues that the plaintiffs did not own the shares at the time of the alleged taking and hence are not entitled to any recovery. The plaintiffs responded with a Motion to Stay the Government's Motion to Dismiss arguing judicial economy and that, in any case, takings law is not as clear cut as the Government implied. The Government then filed a..."
lift that!
House Financial Services Committee Releases Draft of Bill to Replace Dodd-Frank
BY ETHAN G. OSTROFF AND ALICE GRABE ON JULY 13, 2016
POSTED IN ALL CFS BLOG ENTRIES, DEBT BUYERS & COLLECTORS, FEATURED POSTS
On June 23, a discussion draft of “The Financial CHOICE Act” was released by the House Financial Services Committee. A primary purpose of this bill is to replace the Dodd-Frank Act, including reforming financial institution regulations and significantly changing the structure and authority of the Consumer Financial Protection Bureau.
Specifically, the CFPB’s leadership would change to a bipartisan, five-person commission, with a name change to the “Consumer Financial Opportunity Commission”, or “CFOC,” to reflect a mission of both consumer protection and maintaining competitive markets. The commission would be required to establish a procedure for issuing written advisory opinions. The CFOC’s regulations would be “subject to the normal congressional appropriations process,” and its “authority to ban bank products or services … deem[ed] ‘abusive’ and … authority to prohibit arbitration” would be repealed, along with its ability to prohibit or limit the use of arbitration agreements. Additionally, the Act would require the CFOC “to verify information in the [Consumer Complaint Database] before it may be released to the general public.” This database has been under scrutiny and, as we reported, it is also the subject of the proposed CFPB Data Accountability Act.
Furthermore, the Financial Choice Act would prohibit the “use of the Exchange Stabilization Fund to bail out financial firms or creditors.” The Act would also incorporate “regulatory relief bills for community financial institutions” such as the Financial Institution Customer Protection Act to end Operation Choke Point, which we previously discussed.
Committee Chairman Jeb Hensarling (R-Tex.) stated in an official press release that “[w]e must instead offer all Americans greater opportunities to raise their standards of living and achieve financial independence by replacing Dodd-Frank with real reforms that work.”
This draft legislation follows a summary that was released by Hensarling last month, which indicated that a series of CFPB reforms would be included. The portions of the discussion draft of the bill addressing proposed reforms to the CFPB can be located in the section of title III entitled “Empowering Americans to Achieve Financial Independence.”
We will continue to follow the progress of this proposed legislation.
http://www.consumerfinancialserviceslawmonitor.com/2016/07/house-financial-services-committee-releases-draft-of-bill-to-replace-dodd-frank/
In Other Financial News of Crooks, Judge Rules Banks Helped Cause Crash of '08
Remember the big, conveniently timed Crash of '08, the one that helped propel a malevolent nobody from the Chicago Machine into the Oval Office? Yeah, that one:
Many on Wall Street have long argued that the banks did not generally break the law when they packaged shoddy mortgages and sold them to investors in the lead-up to the financial crisis of 2008. But on Monday, in the starkest of terms, a federal judge dealt a strong blow to that version of history. She ruled that two banks misled Fannie Mae and Freddie Mac in selling them mortgage bonds that contained numerous errors and misrepresentations.
“The magnitude of falsity, conservatively measured, is enormous,” Judge Denise L. Cote of Federal District Court in Manhattan wrote in a scathing 361-page decision.
No sheetrock, Sherlock. And yet by and large the reckless criminals who brought down the American economy have skated on this one, first bailed out by the taxpayers and then merrily enjoying a rising Dow while the rest of the country suffers.
The ruling came in a closely watched case brought by the government against the Japanese bank Nomura Holdings and Royal Bank of Scotland. They were the only two of 18 financial firms that took their case to trial, arguing that it was the housing crash, and not deceptive loan documents, that caused the bonds to collapse.
The other firms — including Goldman Sachs and Bank of America — settled, together paying nearly $18 billion in penalties but avoiding a detailed public airing of their conduct.
Gee, I wonder why... couldn't have anything to do with the fact that among Obama's many nicknames is this one: the president from Goldman Sachs.
Judge Cote’s ruling described a dangerous and toxic period in the American economy. As house prices were soaring, Wall Street banks were purchasing high-risk mortgages and then bundling them into bonds that were sold around the world. As this huge mortgage machine churned on, the quality of the loans plunged.
Some financiers and housing industry analysts have since asserted that, while Wall Street was acting out of greed and with a cavalier disregard for risk, it did not act deceptively. But Judge Cote, in her order, took a dim view of the banks’ conduct. She said that loan guidelines were “systematically disregarded” and found “disturbing examples” showing that Nomura was willing to package and sell defective loans.
“This case is complex from almost any angle, but at its core there is a single, simple question. Did defendants accurately describe the home mortgages in the offering documents for the securities they sold that were backed by those mortgages?” she wrote in her decision. “Following trial, the answer to that question is clear. The offering documents did not correctly describe the mortgage loans.”
For the best primer -- from a liberal perspective! -- read my friend Les Leopold's book on the subject: The Looting of America. You'll be glad you did.
https://pjmedia.com/blog/in-other-financial-news-of-crooks-judges-rules-banks-helped-cause-crash-of-08
Happy Birthday Dodd-Frank!
Six years after it was passed, many of the reforms enacted by the Dodd-Frank bill are in place. So, how does it look? What does it mean for real estate? And what’s in store?
http://observer.com/2016/07/happy-birthday-dodd-frank/
SA write up and down , I only trust 50% .
NRMLA awards New American Funding's Ellen Skaggs Special Reverse Mortgage Designation
TUSTIN, Calif., July 12, 2016 /PRNewswire/ -- New American Funding, a national mortgage banker, today announces that Ellen Skaggs, Reverse National Production Manager has earned the status of Certified Reverse Mortgage Professional (CRMP). National Reverse Mortgage Lenders Association (NRMLA) awarded the certification to Skaggs after she passed a rigorous exam and background check, thereby demonstrating a competency in the area of reverse mortgages and a dedication to uphold the highest ethical and professional standards. Only 132 individuals nationwide currently have the CRMP credential.
To qualify for the designation, applicants must have originated reverse mortgages for a minimum of three years or personally closed at least 50 loans, earned 12 continuing education credits, completed NRMLA's Ethics Course, passed a comprehensive exam, and a background check. The certification is valid for three years, during which time designees must earn 8 CE credits annually to be re-certified.
Continue Reading http://www.prnewswire.com/news-releases/nrmla-awards-new-american-fundings-ellen-skaggs-special-reverse-mortgage-designation-300297411.html
Press Releases
Too Big to Jail: Internal Treasury Documents Reveal Why Justice Department Did Not Prosecute HSBC
Washington, July 11, 2016 -
The House Financial Services Committee on Monday released a staff report of its investigation into the U.S. Department of Justice’s decision not to prosecute HSBC or any of its executives or employees for serious violations of U.S. anti-money laundering laws and related offenses.
The Committee initiated its investigation in March 2013. The Department of Justice (DOJ) and the Department of the Treasury failed to comply with the Committee’s requests to obtain relevant documents, necessitating the issuance of subpoenas to both agencies.
Approximately three years after its initial inquiries, the Committee finally obtained copies of internal Treasury records showing that DOJ has not been forthright with Congress or the American people concerning its decision to decline to prosecute HSBC.
These documents show that:
Senior DOJ leadership, including then-Attorney General Eric Holder, overruled an internal recommendation by DOJ’s Asset Forfeiture and Money Laundering Section to prosecute HSBC because of DOJ leadership’s concern that prosecuting the bank would have serious adverse consequences on the financial system.
Notwithstanding Attorney General Holder’s personal demand that HSBC agree to DOJ’s “take-it-or-leave-it” deferred prosecution agreement deal by November 14, 2012, HSBC appears to have successfully negotiated with DOJ for significant alterations to the deferred prosecution agreement’s terms in the weeks following the Attorney General’s deadline.
DOJ and federal financial regulators were rushing at what one Treasury official described as “alarming speed” to complete their investigations and enforcement actions involving HSBC in order to beat the New York Department of Financial Services.
In its haste to complete its enforcement action against HSBC, DOJ transmitted settlement numbers to HSBC before consulting with Treasury’s Office of Foreign Asset Control to ensure that the settlement amount accurately reflected the full degree of HSBC’s sanctions violations.
The involvement of the United Kingdom’s Financial Services Authority in the U.S. government’s investigations and enforcement actions relating to HSBC, a British-domiciled institution, appears to have hampered the U.S. government’s investigations and influenced DOJ’s decision not to prosecute HSBC.
Attorney General Holder misled Congress concerning DOJ’s reasons for not bringing a criminal prosecution against HSBC.
DOJ to date has failed to produce any records pertaining to its prosecutorial decision making with respect to HSBC or any large financial institution, notwithstanding the Committee’s multiple requests for this information and a congressional subpoena requiring Attorney General Lynch to timely produce these records to the Committee.
Attorney General Lynch and Secretary Lew remain in default on their legal obligation to produce the subpoenaed records to the Committee.
DOJ’s and Treasury’s longstanding efforts to impede the Committee’s investigation may constitute contempt and obstruction of Congress.
The Committee is releasing this report to shed light on whether DOJ is making prosecutorial decisions based on the size of financial institutions and DOJ’s belief that such prosecutions could negatively impact the economy.
Print version of this document
I am Sharing infomations..a lot ppl dont know why fnf stock went down yesterday , keep your risky idea for your self .., thanx but no thanx!
Senators Warn Watt on Future of GSEs
http://www.nationalmortgageprofessional.com/news/59389/senators-warn-watt-future-gses
Fannie Mae: The Wrong Kind of Panic from Bob Corker
http://www.valuewalk.com/2016/07/fannie-mae-panic-bob-corker/
Once again, it bears repeating that the Housing and Economic Recovery Act of 2008 empowered FHFA, not Congress, to “preserve and conserve” the assets of the GSEs and to take whatever steps were needed to return them to a “sound and solvent” condition so they could resume their traditional marketplace role. No doubt, reforms were and are needed, and Congress and the Administration had an obligation to work together on that. Along the way, however, the Net Worth Sweep was implemented. This empowered Treasury officials and lawmakers who shared a desire to shut down the GSEs to implement ways to hollow out their business.
I like part end "Too big to fail" part??
Senators Who Advocate Shorting GSEs Fear Unilateral Action That Ends Conservatorship
http://seekingalpha.com/article/3987222-senators-advocate-shorting-gses-fear-unilateral-action-ends-conservatorship
New briefs are due from the class action plaintiffs on July 1. The government has until July 8 to respond. A final reply briefs from the plaintiffs is due July 15.
http://blogs.wsj.com/moneybeat/2016/06/21/a-surprise-twist-in-the-fannie-and-freddie-appeal/
Keep quiet ...don't wake Coker up...lol
US rescues giant mortgage lenders
http://news.bbc.co.uk/2/hi/business/7603754.stm
In today's global economy, the sharp rise in worldwide banking stocks following the US government's takeover of troubled mortgage giants Freddie Mac and Fannie Mae was to be expected.
With the US Treasury moving to shore up the US housing market, its action will inevitably also offer a knock-on boost to mortgage provision around the world.
In time it should help to restore both confidence and available funds in the global credit market.
It may also help the US avoid a consumer-led recession that would drag down the global economy, starting with firms that export to the United States.
Direct investment
Overseas commercial banks - especially those in China and Japan - have directly invested billions of dollars in Freddie Mac and Fannie Mae.
It showed the positive attitude of the US government, we welcome it
ICBC spokesman Xie Taifeng
In addition, foreign banks have billions of dollars invested in US mortgage securities - effectively debt packages resold by US banks - that are guaranteed by the two agencies.
It was the high level of bad debt in these securities that caused the global credit crunch, as banks around the world realised that they had made significant losses on these investments.
As a result, the US government's bail out of Freddie Mac and Fannie Mae - and the hope that it can see normality return to the American mortgage market - is an immediate and direct boost to a great many global lenders.
It will also inevitably greatly relieve global central banks, such as the Bank of England and the European Central Bank, which since last year have had to help UK and European lenders affected by the global credit squeeze.
In the UK, one lender, Northern Rock, ultimately had to be nationalised.
'Positively guarantee'
Chinese banks have been among the first to welcome the US government's move.
Bank of China branch
Chinese banks have invested heavily in the US
Flush with cash due to China's economic boom, China's commercial lenders have in recent years become the biggest overseas investors in Freddie Mac and Fannie Mae as part of their wider purchase of US bonds.
The US government's action makes both this direct and indirect Freddie Mac and Fannie Mae debt far more secure.
China's three largest lenders - Industrial & Commercial Bank of China (ICBC), Construction Bank of China, and Bank of China - have $10.5bn (£5.9bn) directly invested in Freddie Mac and Fannie Mae between them.
"We think this is good for Fannie and Freddie because the US government used to be invisibly guaranteeing them, but now it is taking explicit action to positively guarantee them," said Bank of China spokesman Wang Zhaowen.
ICBC spokesman Xie Taifeng added: "It showed the positive attitude of the US government, we welcome it."
'Eases worries'
The US government's move has also been warmly welcomed in Japan, which after China is the second-biggest direct overseas investor in Freddie Mac and Fannie Mae.
"I think it will have a positive impact on the world economy, as it eases worries over the US economy through more stable financial markets in the US," said Japan's Finance Minister Bunmei Ibuki.
Japan's three largest banks - Mitsubishi UFJ Financial, Mizuho Financial and Sumitomo Mitsui Financial - had about $43.29bn in US mortgage debt securities, including those controlled by Fannie Mae and Freddie May by the end of March.
Japan's government, like its Chinese counterpart, also directly owns US bonds, but both do not disclose any exact figures.
I think that a hint , FnF still trade like privates company and anyone can own it ( Gov. own 80%).
Who Owns Fannie Mae And Freddie Mac?
We recently did a story that began with this sentence:
"The housing market has recovered in many parts of the country, but the government still owns the mortgage giants Fannie Mae and Freddie Mac."
After the story aired, we got a bunch of messages from a listener, Andrew Tomlinson, demanding a correction. So we called him up.
Andrew argues that the government does not actually own Fannie Mae and Freddie Mac.
Here's the case he makes. Ever since the bailout, the government has had what's called a warrant to buy 80 percent of the common stock in Fannie and Freddie at any time. That means, whenever it feels like it, the government can take ownership of 80 percent (actually, 79.9 percent) of both companies. But the government has not actually acted on that warrant. So, Andrew argues, while the government has the right to own the bulk of Fannie and Freddie, it currently does not. Fannie and Freddie are owned, he says, by the people (like him) who currently hold the stock.
For most public companies, Andrew is correct, shareholders are the owners. But Fannie and Freddie are in an unusual situation. When the government bailed them out (in addition to getting those warrants), the Treasury Department placed Fannie and Freddie into conservatorship, which gave the government control over the companies. The government currently is taking all of the profits generated by Fannie and Freddie. For many observers the word "own" seems right. Many media organizations use the term "own." The Congressional Budget Office has said the government is the "effective owner" of Fannie and Freddie.
There are a lot of legal questions around the current state of affairs (and the terms used to describe it). One thing we can say without any hesitation or argument (we hope!) is that Fannie and Freddie are controlled by the government.
http://www.npr.org/sections/money/2015/04/21/401259676/who-owns-fannie-mae-and-freddie-mac
Jude said sorry ...I am on your way...keep uncotitutional taking private property act! Remeber file your Tax.
yes
It means Fannie Mae is public private , anyone can own their shares and Gov. only hold 80%
It means Gov. only owns 80% of FnF....
On September 7, 2008, James Lockhart, director of the Federal Housing Finance Agency (FHFA), announced that Fannie Mae and Freddie Mac were being placed into conservatorship of the FHFA. The action was "one of the most sweeping government interventions in private financial markets in decades".[43][44][45] Lockhart also dismissed the firms' chief executive officers and boards of directors, and caused the issuance to the Treasury new senior preferred stock and common stock warrants amounting to 79.9% of each GSE. The value of the common stock and preferred stock to pre-conservatorship holders was greatly diminished by the suspension of future dividends on previously outstanding stock, in the effort to maintain the value of company debt and of mortgage-backed securities. FHFA stated that there are no plans to liquidate the company.[43][44][45][46][47][48][49]
The authority of the U.S. Treasury to advance funds for the purpose of stabilizing Fannie Mae, or Freddie Mac is limited only by the amount of debt that the entire federal government is permitted by law to commit to. The July 30, 2008 law enabling expanded regulatory authority over Fannie Mae and Freddie Mac increased the national debt ceiling US$800 billion, to a total of US$10.7 Trillion in anticipation of the potential need for the Treasury to have the flexibility to support the federal home loan banks
https://en.wikipedia.org/wiki/Fannie_Mae