If going by people who have said it out loud:
Max Waters
Trump
Otting

This is an interesting article with a bit of a different take on forecasting the house buying situation to come.

https://themortgagereports.com/91212/inflation-housing-market-2022-podcast

How will we fare with 6-6.5% mortgage rates? This article is very feasible. As it states, the Fed is trying to accelerate a recession. Crash the market and housing. The GSE's will absolutely need help from the courts, and no, not any share class is going to be uber safe. Wake up! You're in a conservatorship. Lamberth will wet noodle on contract claims BECAUSE HE CAN. He can kick the can to if he wants. This is what you get when you put people in charge who have zero economic common sense.


https://mishtalk.com/.amp/economics/how-high-will-30-year-mortgage-rates-go-in-2022

Rising rates should help savers, retirees, but that never happened last time rates went up due to the greed of all the financial institutions (banks). There's not much happiness in a rising rate, high inflationary, politically inflammatory environment.

Therefore, only an idiot would try to release us now. Midterms! That will hopefully get the USS GSE to begin to turn.

That's happening here in Michigan? Rocket and Quicken both laying off. It's been popping up in the news here more and more.
Rates get high, homes will start to depreciate to attract fewer buyers from the high rates they can't afford, companies doing mortgages start pulling out the stops to be more competitive with underwritting/labor cost. Cyclical like automotive, except automotive usually rolls in 4-5 year cycles of boom and bust. Housing has varies cycles due to whoever is in charge in DC.
Basically higher rates puts money into the pockets of the lenders and steals from the barrowers, while causing sellers to lose money on the value of their home. Win for the banks maybe?

Crooks put a ton of free $$$$$ out there. Now inflation run amok and rates skyrocketing to try and sop up all that excess.

Yup, just thought it was interesting he was flapping his lips.

https://www.housingwire.com/articles/opinion-former-freddie-mac-ceo-lashes-out-at-mortgage-originators/?amp=1

No one on the JPS crew is looking at this logically! First, if any shareholder class was going to get a preferential treatment, it would have been done just before the conservatorship, most likely.

Seniors are above the JPS, Does any JPS holder refute this?
Governments warrants are above commons AND JPS,,does anyone refute this factoid?

Therefore your place in the capital stack is BELOW the governments. It was done like this on purpose. I'm pretty sure the reasoning was (and they knew this at the time) there was no way in hell they were letting the GSE's fail aka receivership, the market termoil and economic consequences were too drastic to even contemplate, so they rigged a CONservatorship so that if the GSE's did prove unsalvagable or in dire straits due to a bad market down turn, then government would entitle itself to their total worth (nationalize) to take over and protect. It's still like that now, except the government dug itself in deep, like the blood sucking tick that it has become on the GSE's.

So no, no one gets any preferential treatment coming in, and I'm betting the same if we ever get out. So guess all you want on the outcome. Capital raise can very easily be manipulated to whatever treasury and FHFA want, Calabria proved this when asking for input but using none of it. So one day they will say enough has been raised for release (possible consent decree which will set goals/milestones that have to be met), cap rule will get manipulated down or treasury will agree to a temporary higher backing until GSE'S accumulate whatever cap level is deemed bulletproof safe. Until then....YES, we build quarterly.

Due to government having both share classes by the balls, I predict they screw both share classes equally if they decide to act on their greediness. The smart thing for them to do is release via cancellation of both the ball (seniors) and chain (warrants), but government truly is a greedy bass-terd, so look to them trying to squeeze blood from this turnip, a little or more.
My honest evaluation as I see this 14 year predicament, and being here for all of it.... Anyone thinking otherwise has dillusions of grandeur as far as drastic lopsided solutions.

Includes pronoun ussage and gender indentification, no doubt. Ooooh so important! To hell with their credit score. Lol

Does anyone find it interesting that, he just this first quarter added those FNMA shares??? Hmmmm. Maybe he foresees the shenanigans that may be in play. Keeping his foot in the door of litigation wide open in case this class action concerning the stated 3 classes turns into a screw over.

All of the above! Because they each keep passsing the lotion in their gigantic circle jerk conservatorship philosophy.

Good info, thanks.

Whoa, this true? Did Pagliara sell? Link to the news?

Yep, I remember that one!

They're afraid to let the truth be known. Soon.

Could you please point us to anywhere in HERA or the government conservatorship law that focuses on capital structure, Especially JPS? .................
Not there is it, right? Because it is irrelevant until AFTER release, and even then it may not be as you expect. This is a special situation cluster-fuk government snafu. No one is going to get filthy rich on anything until they decide to let it happen. Thompson, as we learned is limited and like a ball-less bull, just like Calabria was. The real power is at Treasury.

Found this pdf of what Lamberth will be deciding on. Very Interesting. Don't count your chickens! Read especially Relevant Factors in the Application of the Covenant . Link
8 page read. I doubt GB has read this?

https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.lexisnexis.com/supp/largelaw/no-index/coronavirus/commercial-transactions/commercial-transactions-the-implied-covenant-of-good-faith-and-fair-dealing.pdf&ved=2ahUKEwi1otHIm7z3AhXHIjQIHelHCisQFnoECAcQAQ&usg=AOvVaw3m4umPO30KMcfEwseW2FtZ

If it hasn't been issued yet....I vote post of the day! Lol
This is EXACTLY why you don't want this administration doing anything with the GSE'S.

And BTW, those referring to "Lady" S. Thompson....are ya sure? Lol

Ya really gotta ask yourself: why are JPS going up? There's no news, there's no case that is close, and even if there was, nothing in the courts is guaranteeing par or even half of it. So why is it going up? I suspect we'll know when it comes crashing back.

Yeah, hard to over come the kings of misinformation!
Ludicrous they want to be in charge of saying who is right and who is wrong. People are about at that straw that really hurt the camel.

Not really.....V. Summary of Conservatorship and Receivership Provisions of the Safety and Soundness Act

The Safety and Soundness Act, as amended, provides the general circumstances for the discretionary appointment of a conservator or receiver. 12 U.S.C. 4617(a)(3). The Director has grounds for discretionary appointment of FHFA as a conservator or receiver if: (1) The assets of the regulated entity are less than the entity's obligations to its creditors and others; (2) the regulated entity has suffered substantial dissipation of its assets or earnings due to a violation of a provision of federal or state law or an unsafe or unsound practice; (3) the regulated entity is in an unsafe or unsound condition to transact business; (4) the regulated entity has committed a willful violation of a cease-and-desist order that has become final; (5) the regulated entity has concealed the books, papers, records, or assets of the regulated entity; (6) the regulated entity is unlikely to be able to pay its obligations or meet the demands of its creditors in the normal course of business; (7) the regulated entity has incurred or is likely to incur losses that will deplete all or substantially all of its capital; (8) a violation of law or unsafe or unsound practice by the regulated entity that is likely to cause insolvency, substantial dissipation of assets, earnings, or to weaken the condition of the regulated entity has occurred; or (9) the regulated entity consents to the appointment by resolution of its board of directors, its shareholders, or members. The Director may appoint FHFA as conservator or receiver if the regulated entity is critically undercapitalized, significantly undercapitalized, or undercapitalized and has no reasonable prospect of becoming adequately capitalized.

The Safety and Soundness Act provides FHFA, as conservator or receiver, with all the rights, titles, powers, and privileges of the shareholders, directors, and officers of a regulated entity under conservatorship or receivership. 12 U.S.C. 4617(b)(2)(A). In addition, the conservator or receiver is provided a number of additional powers, including authority to: (1) Take over the assets of and operate the regulated entity; (2) collect all obligations and money due the regulated entity; (3) perform functions of the regulated entity consistent with appointment as conservator or receiver; and (4) preserve and conserve the assets and property of the regulated entity. id. 4617(b)(2)(B). The Safety and Soundness Act also provides FHFA with the power to avoid a fraudulent transfer of an interest to an entity-affiliated party or debtor of the regulated entity that was made within five years of the date on which FHFA was appointed conservator or receiver. id. 4617(b)(15).

Furthermore, the Safety and Soundness Act also provides the conservator with the power to take such action as may be necessary to put the regulated entity in a sound and solvent condition, appropriate to carry on the business of the regulated entity, and to preserve and conserve its assets and property. The Safety and Soundness Act also provides a receiver with the power to place a regulated entity in liquidation in such manner as FHFA deems appropriate. id. 4617(b)(2)(E). As amended, the Safety and Soundness Act bestows upon a receiver the power to determine claims in the process of liquidation or winding up the affairs of a regulated entity, including the allowance and disallowance of claims (12 U.S.C. 4617(b)(3)) and establishes the process and treatment for certain qualified financial contracts (12 U.S.C. 4617(d)(8)).

Yeah, he better watch the pump and dump. People are probably saving those posts. Also slandering guys like Musk and Ackman will attract unwanted legal actions if it gets back to them.

Lol, bowel movement

Great song!

Exactly! Those on here who do not understand why it's called liquidation pref. Only applies if liquidated, bankruptcy. Government Trump/Calabria/Mnuchin made it incumbent on the next in line to release, and very difficult to bankrupt, as Obama tried. If they BK, then government basically owns the whole shebang, and BOOM, all that 7 trillion of mortgage debt goes on the countries credit card.

I just read the liquidation pref agreement, it stipulated court cases being settled AND GSE's hitting a minimum capital requirement.

That was Mnuchin/Calabria. Has Thompson/Q-tip changed that?

He's following what the current group in charge do in DC. Which is, If you repeat something (lie or made up information) enough to a lemming crowd of followers, it will becone their truth.

No one knows how this will play out, but a guy like Ackman has way more credibility and experience than someone in hock up their neck who flys a kite and lives in a space the size of my bedroom.

Hey Guido, with Musk at the helm of Twitter, get those viciously honest tweets going! No more beating around the bush like here in ihub land. I very well may be joining you guys on Twitter now and helping you guys out.

https://www.foxbusiness.com/personal-finance/fha-40-year-mortgage-option.amp

If you sign on for a life time of indebtedness servitude, do not seek loan forgiveness 25 or so years from now!

Lmao! Priceless!

Link to fannie charter pdf. Go too bottom of page of the link, charter .pdf I skimmed through the 39 pages and did not see anything related to any denial of class action litigation.
Doc says as amended July 25, 2019

https://www.fanniemae.com/about-us/corporate-governance/fannie-mae-charter

Maybe Navy or someone else who can post the actual pdf would please do so for anyone wanting to download that doc?

Which post did I say they'd be in? I said they could be since prefs are, and the fannie charters have no bearing. I meant could be as in they could have been included and nothing like charter verbage was stopping it. No one has provided the fannie charter saying only prefs can be part of a class action but commons can't. This was my point.

This is my post you first replied to.

False

https://www.housingwire.com/articles/freddie-mac-first-out-of-the-gate-with-plans-for-targeted-lending-programs/?amp=1

We need to save articles lije this so that when 2008 redux happens, we know the names to hold liable. Notice how it says lenders are reluctant? Well hell yah they are, they got spanked with fines in 2008 for following the government marching orders.

That's pure BS. Why then are Fannie JPS all part of the class? If the prefs are in, then the commons could be. I'm not buying the BS charter excuse. Someone trying to misdirect.

I'm in 85k FMCC, Plan B = my 115k FNMA
I may buy more at these levels, maybe more FNMA now though

I don't think he has as much faith as he claimed in Lamberth's court. If he did, why the constant drum beat of sell common, buy prefs? Typical pump and dump because he may be realizing the reality.

I hope you both see justice and fair dealing on this.

If you're counting on this class action for some sort of real pay out, keep your day job! Class actions have about a 95% disappointment rate. This one will be even more so disappointing because it will slam every JPS holder who does not opt out, from pursuing legal recourse any further. FNMA will still be in play.

Agree, whole heartedly. If knew then, what I know now, etc, etc
I honestly thought this would have resolved by 5 years max. It is a strong testament to how dysfunctional, corrupt, partisan and non citizen/taxpayer centric our system is currently. Worst it's ever been. I laugh every time the government uses it's taxpayer line. There's like maybe a handful of folks who truly work FOR the voters/taxpayers/people. The one's standing up are few.