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It's the same participants as at Yahoo FNMA message board, utilizing the same slogans. Just ignore them
FNMA shareholders are in trouble accompanied by absured slogans of some of this board participants(see below) :
"Our representative negotiates......" or "PPS will become 5 by Friday" . The same slogans have been used for years at Yahoo FNMA conversations board.
Is there anybody who could provide trusted 2024 estimate? Let's wait and see what would happened. My guess,since 2024 is an election year, FNMA could go up 30%
and trade within $1-$1.30 range.
Yahoo provides the following 2024 FNMA estimate and corresponding number of analysts(2,but no names) : 1y Target Est-$0.85. Just see the YAHOO FNMA finance page
As per 2 Yahoo analysts, 2024 FNMA 12 month forecast - $0.85
Disagree - Haley 2024 is the best choice, huge international and domestic policy experience.
GOP Haley is the best choice in 2024!!!
Even if any future Republican candidate will not release Fannie and Freddie on first year of office, FNMA/FMCC would go up at least 30%, and would trade within $1-$1.30 range.
It's better than Dems PPS of $0.75-$0.85. Think about it.
Unforchunately it's a reality,not a fake news. If it would be 2008 or even 2013 I would agree with You, but after 15 years in conservatorship, it's impossible to be an optimist. Again GOP in 2024, it's the only chance for the shareholders.
As per Kthomp19(see below). Read it and think what does it mean for You and family. Therefore vote for GOP in 2024,it's the only chance for the shareholders:
Given the status quo FnF can be released when they have CET1 capital equal to 3% of adjusted total assets. That's the path to release.
They are also allowed to raise $70B each in common stock without prior approval from Treasury. That, plus the drastic increase to the Capital Reserve Amount (allowing them to retain all earnings well past the CET1 3% threshold for release) are the path to recap
While the common equity raise would be impossible with the senior prefs in place, reaching the CET1 threshold is feasible through retained earnings alone. Fannie would hit that level some time in 2036 and Freddie in 2039 at their current run rates of income.
And before you scoff too much at the length of that timeframe, remember that FnF have been in conservatorship for 15 years already. Another 15 years of inertia is all it takes!
As stated by kthomp (see below), and therefore vote for GOP in 2024. It's the only chance for shareholders:
" I think Trump is far, far more likely to accomplish recap/release if he wins than any other presidential candidate. However, in late 2025 Fannie will have enough net worth that (with the seniors gone) they could be released from conservatorship (with core capital equal to 2.5% of balance sheet assets) without having to raise outside capital. That means Treasury could convert its seniors into commons and capture as much equity as they want and wouldn't have to be worried about being diluted by a later capital raise. Freddie would hit that point in 2028. Both of those would be during the next presidential administration."
Navycmd please contact Plaintiffs team, and ask to clarify when lamber would finalize this case.
Back in May of 2023, Congressman Warren Davidson asked Treasury to provide status of FNMA/FMCC recap/release effort and existing plans to do it. As of today, there is no information if he got a responce from Treasury at All. What a shame.
Only the upcoming news could bring up FNMA PPS to $0.90-$1. If by August-September 2024, it would be obvious, that DJT or another GOP candidate has a good chance to win, it could push PPS additional 20%-30%. Otherwise PPS would stay within the range of $0.70-$0.80.
Just see how she is busy,but what about shareholder's problems.Who will be looking into these problems???.
On Tuesday, September 26, 2023, the Federal Housing Finance Agency (FHFA) Director Sandra L. Thompson visited central Tennessee to participate in a listening session on workforce housing challenges and solutions. The discussion focused on meeting location-specific challenges while helping to identify strategies that can be applied to geographically and culturally diverse cities across the country.
NBA should hire Lamber for his experience of delays. He could easily create delays and make any game to last 10 hours.
This FNMA/FMCC court case, that started in 2013, includes more days of delays than the other 1000 cases at this court. Congratulations to Lamber, it's a new courts world record. What a shame. Chief judge had to intervene long time ago.
There is no doubt, that FNMA/FMCC recap and release is not planned at all. The only chance for it to happen is DJT win in 2024.
Boasberg_Chambers@dcd.uscourts.gov
Or call Chambers (202)354-3300
One more time,please do it ASAP:
Send an e-mail to Chief Judge James E. Boasberg and ask for the removal Lamber off the FNMA/FMCC case, he is in charge since 2013 and yet no final verdict. It's time to stop it. No more delays!!
One more time,please do it ASAP:
Send an e-mail to Chief Judge James E. Boasberg and ask for the removal Lamber off the FNMA/FMCC case, he is in charge since 2013 and yet no final verdict. It's time to stop it. No more delays!!
Send an e-mail to Chief Judge James E. Boasberg and ask for the removal Lamber off the FNMA/FMCC case, he is in charge since 2013 and yet no final verdict. It's time to stop it. No more delays!!
As per defendants, even a minor issue, that could be resolved in 10 minutes,require 3 month of work for both teams: 1 month for plaintiffs team to write an original
document,1 month for defendants to respond to it, and 1 month for plaintiffs to respond to defendants respond. What a shame is this process. It's time for a comedy
to come out, to reveal all these manipulations.
Plaintiffs team toothless position allowed defendants and lamber to do everything to delay the court order as long as possible. It's a shame even to watch all these manipulations.
The FNMA/FMCC companies' 16,000 employees of these public companies and their thousands of shareholders want to at least know what the reason is for the continued conservatorship at this point where:
The companies have more net worth than ever before in history.
The companies have been profitable for over a decade.
The companies will be profitable during a 38% housing price decline.
A jury ruled the government acted in bad faith when arranging the NWS to prevent the companies from exiting conservatorship.
The administration that lets them out of conservatorship gets to lock in their policies for future administrations.
The government is no longer incentivized to keep them in conservatorship. In fact, financially they are incentivized to end the conservatorships.
Just try to send a brief letter to his office. Not sure it would help,but at least something.
Early in 2023, congressman Warren Davidson asked Treasury to clarify if FNMA/FMCC release included onto Treasury business plan.
I haven't seen any Treasury responce info. I think it's time to ask Warren Davidson, if he received any feedback from Treasury.
Also,to ask Warren Davidson to proceed with his request.
Endless court: with it's speed, it would take another 5 month to finalize it.
Defendants propose the following schedule for submitting those disputes to the Court:
a. Plaintiffs file their proposed plan of allocation and a supporting brief on or before December 15, 2023.
b. Defendants file their response to the issues in dispute with a supporting brief on or before January 12, 2024.
c. Plaintiffs file a reply in further support of their plan of allocation on or before January 26, 2024.
Class Plaintiffs intend to propose a distribution process that will not
require Class members to submit claims, but rather use brokerage records to identify and distribute
funds to Class members, which will leave no funds “unclaimed”.
FNMA release was on the FHFA 2022-2026 business plan draft, but excluded when Treasury reviewed and approved this plan. It happened as early as spring of 2021.
Write letters to congressman Warren Davidson. FNMA release needs to be included onto FHFA business plan. Do something,not just talk!
Volume just 400K and down 0.02. Back and forth. Pure manipulation. I wish November 2024 would be closer,to stop shareholders disappointment.
Is there anybody who lives in Ohio? Please send an e-mail to Warren Davidson regarding FNMA/FMCC recap/release open issue.
Warren Davidson represents Ohio's 8th Congressional District. He is a member of the House Financial Services Committee.
Until any RR news would come out,it would run back and forth
Obvious stock manipulation. What kind of profit to sell at $0.70?
Until any RR news would come out,it would run back and forth. Volume just - 1,560.
FNMA PPS would stay at the range of $0.70-0.75 until any major news regarding recap and release or possible Trump success in 2024 election come out.
Low volume -440K shares
Only 2024 elections and GOP victory could change the trend
Judge Lamberth released his decision today(see below). What would be the market reaction tomorrow?
In sum, the Court will award simple interest on the damage award of $299.4 million,
accruing from the date August 17, 2012 until the date on which judgment is entered at a fixed
rate of 5% over the Federal Reserve discount rate as of August 17, 2012. The Court will order the
parties to submit final damages calculations in accordance with this Opinion.
CONCLUSION
For the foregoing reasons, the Court will GRANT in part and DENY in part Defendants’
motion for denial of prejudgment interest, and it will GRANT in part and DENY in part Plaintiffs’
cross-motion for entry of judgment with prejudgment interest
"which came out to a with-warrants common share valuation of $5.38 to $8.07". It's what could be expected for FNMA PPS, if the 2024 elections wouldn't change expectations