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We know Sandra does not care about release. But she is incapable of doing what she really wants as you said "getting money to those who can't afford it."
She is TOTAL useless load of crap
too much expectation from sandra
So lets baby feed Sandra now. TH: "I think that’s the response Thompson is looking for the industry to give her, so she then can be “responsive” to it, and do what she should have done when she was named director."
not till Sandra is incharge.
Who here has faith in sandra or biden?
(As related to GSE'S only)
His cat would have been better director than sandra
plus Sandra needs to redo ERCF - 5 year plan
Clueless Sandra is not ready for release. Don't be surprised if she comes out and say she needs to redo ERCF.
That if (Sandra is doing it) is a 2 year project. Someone knowledgeable and qualified can do it under 6 months.
though News is Big (that Sandra now hopefully understands the problem), This is 6 months to 1 year project for Sandra
When i say Sandra is Clueless and useless i am not joking.
Sandra just realized ERCF puts harsh capital requirements on GSE that are difficult to attain and generate appropriate return so now after Industry backlash she is asking for help. That is after being on Job for 3 YEARS!!!!
Anyone on this board iHub could have figured that one out.
We have been saying the same thing for long time now.
Anyone claiming Sandra is working hard is CLUELESS and is LYING
She has done absolutely nothin and should be fired the first moment Trump gets into white house.
Read Howards comment below or on his blog:
jtimothyhoward
MAY 15, 2023 AT 9:23 PM
This request for “Input on [Fannie and Freddie’s] Single-Family Pricing Framework” is in my view a highly significant development. It’s the first concrete indication we’ve seen from FHFA that it knows that former director Calabria’s Enterprise Regulatory Capital Framework (ERCF) has put it, and the companies, in an impossible position, and it is asking the mortgage finance community to tell it that it has to fix the blatant and obvious flaws in the ECRF, which would give the FHFA Director the political cover to do so.
The trigger event for this request for input seems to have been the high-profile industry backlash against the changes FHFA made to Fannie and Freddie’s loan-level pricing adjustment (LLPA) grids, which went into effect on May 1. The label that was (correctly and credibly) hung on these changes was that FHFA was requiring lower-risk borrowers to pay higher guaranty fees, unrelated to risk, so that higher-risk borrowers could be charged lower fees. This was such an easy and readily understandable “hit” that stories about it made news in the popular media. I view this request for input on Fannie and Freddie pricing to be FHFA’s plea for help to get out of the box it’s put itself in.
There isn’t a lot of subtlety here. The second paragraph in the press release announcing the request says, “FHFA also seeks input on the process for setting the Enterprises’ single-family upfront guarantee fees, including whether it is appropriate to continue to link upfront guarantee fees to the Enterprise Regulatory Capital Framework (ERCF), which was established in 2020, and has a significant impact on the risk-based pricing component of the Enterprises’ guarantee fees.” The description of the ECRF as having been “established in 2020” is not incidental. It’s the Thompson-led FHFA telling us that the ERCF was done by Calabria, so it’s something they’ve inherited, and isn’t their fault.
There is another plea for help in the body of the Request for Input. Towards the end, FHFA says, “Given the substantial amount of capital required to be held by the Enterprises on new mortgage acquisitions as a result of the ERCF, the Enterprises are not currently earning commercially reasonable aggregate returns on new single-family mortgage acquisitions. FHFA estimates that the Enterprises are generally earning mid-single digit returns on equity on aggregate new single-family mortgage acquisitions.” Unless you count zero, there are only nine single digits, so “mid-single digits” is somewhere in the range of 4 to 6, which is very far from being a “commercially reasonable” rate of return on capital. How are Fannie and Freddie supposed to ever be able to raise new equity under such circumstances? What has been evident to so many of us now is being acknowledged by FHFA. (One wonders–or at least I do–whether the capital plans required of the companies by the May 20 deadline asked the obvious question: “Given the net worth sweep, the liquidation preference, and the ERCF, what are you expecting us to do?”)
I definitely will file a comment in response to this request for input, which I will publish as a blog post when I do. I’ll want to get it in well before the August 14 deadline–so that others making comments can review and and consider what I say–but I also don’t want to get it in too early. My current thinking, therefore, is to submit my comment sometime in the first half of June (before I leave for a trip on the 16th).
dont even get me started. Nightmare!!!!
" but a final decision could be delayed until June 2024 to hear other arguments in the case"
Yes they want $1.50 before it's recalled for $1. Garbage JPS
U.S. housing agency nominee Thompson says will 'defer' to Congress on Fannie, Freddie conservatorship
2024 maybe later
i have been in this trade for ever and that is why i know JPS is garbage.
why are you talking about FNMAS only? What about other 30 series?
Here are few to help you out
Symbol LastPrice Volume
FMCCN 2.2200 100
FNMFM 2.0100 150
FNMAM 2.5300 200
FNMAG 2.4600 200
FNMAL 2.6000 337
FMCCL 2.3400 400
Correct JPS is illiquid garbage, not sure why anyone will own this
I have bunch of pink sheet stock papers, I will send her one of them. I am sure because she is clueless she will take my sheet as pink slip from gov. And sit home
When will sandra quit?
FACT: "We defer to Congress on any exit from conservatorship" Sandra Thompson said in an answer to a senator's question during her confirmation hearing...
https://www.reuters.com/world/us/us-housing-agency-nominee-thompson-says-will-defer-congress-fannie-freddie-2022-01-13/
Thanks for allowing me to buy drinks. I really appreciate it.
Think about it, sandra can't do what she says she wants to do, how can she do something she has never said she would do. Lol
MIA correctly exposed lies.
Ok so what? Why are JPS holders all confused?
Only bank he is invested in is BAC and thats because he got his warrants and subsequent stock for pennies when he made a deal with them back in 2008.
As for AMEX it has nothing to do with mortgages and buffet owns it for at least 20 years.
GIECO they own outright and nothing to do with mortgages.
All the "other financial services subsidiaries." have nothing to do with mortgages either.
Smarten up and sell your JPS and buy common.
Commons are the greatest investment ever. Illiquid JPS are garbage and will be recalled at $1. You have been advised please invest wisely.
I think you are correct, but that will only happen after Trump
He is talking about OFHEO with 150 employees had no clue. Someone needs to tell him FHFA now has over 700 employees still they have no clue.
lol that was the only thing she was working on and she has to rescind.
As i always say clueless sandra and Kite flyer.
Only Trump can save us.
Tanden is Sandra's sister
lol. meanwhile FMCCT 2.4000 -0.1300 -5.14%
yes its halted between $0.41 and $0.43
you missed the line before that: "we do not believe the likelihood of loss is probable; therefore, we have not established an accrual in connection with these lawsuits."
Mr Market has no confidence in Sandra
Mr Market says dump JPS
Mr Market knows it all that is why JPS crashed.
yes May rent. Last day to sell today.
FMCKO 1.2700 -0.1900 -13.01%