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Calabria vote happening now
NOW VOTING: Motion to invoke cloture on Executive Calendar #87 Mark Calabria to be Director of the Federal Housing Finance Agency for a term of five years
— Senate Cloakroom (@SenateCloakroom) April 4, 2019
Thanks
I was also busy with something else today and so I could just at PM 13:30h ET do the Phone Call to Fannie Investors Relation to speak with them and now waiting for the return call they insist on !
As soon I have more I will report here.
Amounts line up with the fhfa amounts
That is not the treasury report. That is data FnF send to FHFA and they always EXPECT the payment will be made.
We need the treasury report, likely due out after hours today.
Only insiders know how recap will happen.
GSE Recap will take place gradually - NOT a SINGLE EVENT ...
Release is distant future and VERY irrelevant to mkt Response ...
I just happen to have a copy of that link.
https://www.fhfa.gov/DataTools/Downloads/Documents/Market-Data/Table_2.pdf
Also, someone is going to call FHFA investor relations tomorrow for details on nws. Hope we get answers.
I just sent Otting a request to issue a
press release with the details of the last
swipe payment. Hopefully he responds with
the details....
Because the warrants are illegal since they are priced at a thousandth of a penny.
Have you seen the attached link before:
https://projects.propublica.org/bailout/list/index
Click on Bank of America. You will see government allowed BoA to buy the warrants. Do the same with JP Morgan Chase and Wells Fargo.
Why shouldn't FnF be allowed to buy back the warrants? If the warrants are exercised, I'll file a lawsuit.
This is the simplest plan.
Would a likely scenario be that en banc finds NWS illegal, with ruling being the Senior Preferred being considered being paid in full + the original 10% interest? Additionally, the excess would be returned to FNMA and FMCC to help with capital rebuild. With this decision, the Trump team would issue new Senior Preferred shares with an appropriate rate of return to provide the needed capital rebuild. In this way commons and JPS would not be impacted. Just a thought.
Amen to that.
Govt is totally REPAID + 10% LOAN SHARK intetest
Govt gets ZERO MORE ... sells it's stake to RECAP
the GSEs if we get ANY JUSTICE - RULE of LAW
That would recapitalize us in 6 - 18 months.
This sounds like a great idea to me. Is it plausible ? Can new senior preferred shares be issued for the recapitalization ?
It's not an amendment for Treasury to receive more shares and income. It's a new class of P shares that HF and retail can buy.
Correct down to point about new senior preferred and the idea that Treasury is insole control
Once Calabria is FHFA Director we have someone taking a conservator to be standard FDIC conservator - and he will abt accordingly. And FHFA controls FnF, rather that Treasury.
No more self-dealing amendments for Treasury!
Everyone would be happy.
Would a likely scenario be that en banc finds NWS illegal, with ruling being the Senior Preferred being considered being paid in full + the original 10% interest? Additionally, the excess would be returned to FNMA and FMCC to help with capital rebuild. With this decision, the Trump team would issue new Senior Preferred shares with an appropriate rate of return to provide the needed capital rebuild. In this way commons and JPS would not be impacted. Just a thought.
Of course it's possible. IMO they won't end cship until Calabria has a chance to work with senate to do legislative reform, that's different than reforming, modernizing FnF which is already done.
Question for all you knowledgeable folks out there... would it even be possible for Treasury/FHFA to somehow cancel the NWS, cancel the warrants, and end conservatorship (even while still not yet recapped) for the sole purpose of uplisting to NYSE, dramatically boosting the PPS in order to make the cap raise easier? I don’t know what the rules are for uplifting to NYSE but there has to be a way to fulfill them without having already done the cap raise, no? Perhaps a LOC or the like from Treasury just to bridge the short term gap so that they are “adequately capitalized” during the transition.
Look at this footnote: "Source: Freddie Mac and Fannie Mae "
https://www.fhfa.gov/DataTools/Downloads/Documents/Market-Data/Table_2.pdf
Look at FHFA values
https://www.fhfa.gov/
I navigated to this link by going through the fhfa.gov web site. This data was put out by FHFA
https://www.fhfa.gov/DataTools/Downloads/Documents/Market-Data/Table_2.pdf
Thanks for doing that Doc.
Take a screen shot now of so you'll have it
https://www.fhfa.gov/DataTools/Downloads/Documents/Market-Data/Table_2.pdf
I made it this far on the FHFA site: https://www.fhfa.gov/DataTools
But I sure can't find the "Table 2: Dividends on Enterprise Draws from Treasury1"
Anybody know where to locate that table? Is it still there or did FHFA delete it?
Try the fhfa link again and see what you get
The link everyone is looking at is from fhfa. In the past we have looked for sweep in treasury report which won't be available until about tuesday
I tend to agree. Let Calabria get in so he can do his job.
until Calabria is "actually" Voted in by Senate ...
Admin treading lightly not to rile up idiots in Congress ...
Very well said.
If this is no news, well then nothing will be news worthy.
https://www.housingwire.com/articles/48584-trump-officially-calls-for-end-to-fannie-mae-freddie-mac-conservatorship
https://www.bankerandtradesman.com/trump-directs-hud-treasury-to-come-up-with-plan-to-end-gse-conservatorship/
https://www.americanbanker.com/news/trump-directs-treasury-hud-to-develop-gse-reform-plan
It was coming if one had their eyes open to it.
https://www.americanbanker.com/news/latest-gse-reform-offers-blueprint-without-congress
$2.85 acting as support.
This week should add some more good buying opportunities as it continues to drift lower.
$2.25 should act as support.
XXXXXX
I WISH
XXXXXX
Just said it was a scam ?
where ?
(yes they so stated a couple of years ago and a year ago while a talking head --- and you think they have to stay consistent as a politician? )
I take comfort in his past comments (which we should remember came after years of hating F and F big time)
I do take comfort
But it is false to say the people pulling the strings JUST SAID the nws was a scam
If that sentence was true - we would be at 7-11 right now (3-28-19)
The people pulling the strings just said the nws was a scam.
"“And then it’s how do you raise that capital?” he said. “You can do it through retained earnings, but there’s probably going to have to be an alternative source of capital that’s brought into those entities.
According to reports, Otting told FHFA staff in January that the amount of capital Fannie and Freddie would need is “probably somewhere, based upon their business models today, [in the range of] $150 billion to $200 billion.”"
That means dilution and any hopes of triple digit share prices are quickly dismissed. Depending on how large and quick the raises are, FNMA might see double digits or high single digits.
There is no logic behind posts claiming $100+ when we have the words and context of the people pulling the strings IMHO.
The people pulling the strings just said the nws was a scam.
"“And then it’s how do you raise that capital?” he said. “You can do it through retained earnings, but there’s probably going to have to be an alternative source of capital that’s brought into those entities.
According to reports, Otting told FHFA staff in January that the amount of capital Fannie and Freddie would need is “probably somewhere, based upon their business models today, [in the range of] $150 billion to $200 billion.”"
That means dilution and any hopes of triple digit share prices are quickly dismissed. Depending on how large and quick the raises are, FNMA might see double digits or high single digits.
There is no logic behind posts claiming $100+ when we have the words and context of the people pulling the strings IMHO.
At 2 minutes Maria says that Obama took money from FnF and used it for Obamacare
https://mobile.twitter.com/nsfraudbuster/status/1111257157721186305
Short report comes out at 8 am
https://otcshortreport.com/company/FNMA
Trump Calls For An End to the Conservatorship
https://www.politico.com/f/?id=00000169-c0a9-d90f-a16b-f7bbf24f0001
Great day today everyone. We fly tomorrow.
https://www.benzinga.com/government/19/03/13434978/trump-seeks-to-end-conservatorship-of-fannie-and-freddie-in-housing-financ#/.XJvNb8izivk.twitter
"Given the initial market reaction, investors seem to be optimistic that an end to conservatorship will ultimately create value for common shareholders"
Does not mention value for preferred holders
"Given the initial market reaction, investors seem to be optimistic that an end to conservatorship will ultimately create value for common shareholders" . Does not mention value for preferred holders.
https://www.benzinga.com/government/19/03/13434978/trump-seeks-to-end-conservatorship-of-fannie-and-freddie-in-housing-financ#/.XJvNb8izivk.twitter
Government will have 0 shares.
Government will have 7.2 billion shares not 4 billion.
Smart man.
Bruce Berkowitz has sold 30% of his Preferred shares.
Wondering why?
If that doesn't convince preferred share holders that they are holding junk debt then nothing will
What's the delay?
Otting said "two to four weeks" about 8 weeks ago ...
https://www.politico.com/story/2019/01/24/federal-housing-finance-agency-overhaul-1111874
Quote:
“In the next two to four weeks you’re going to be able to see some communication that comes out of the White House and Treasury that really sets a direction for what the future of housing will be in the U.S. and what the FHFA’s part of that will be,” Otting said at a Jan. 17 staff meeting.
Why ask others to do a simple task?
Someone dm the twitter account nsfraudbuster and ask them to release the much needed warrant letter.
So not so. JPs can get cancelled in an LLC while the commons survive.
commons chances of getting dividends about same as JPs to survive.
Indeed, common shares will rocket.
Somebody with a fidelity account place a trade and click on details and tell us what it says