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Take the draw, it's fnf money anyways. FnF should ask for bigger draws every quarter until we get all over payments back
Good post, just ready between the lines... you can see what he will do with the GSE.
Still holding since 2013... will see when this saga will end..
Agree he is a total BSer.. in a way I am glad FnF have to take a draw. This will shed more light on this theft by the UST and these corrupt politicians.. we need to report losses every quarter until we are free, that the only way we can make nose and keep our $
Nice to see this, thx for sharing
What a joke this guy is..
By Peter Chapman
Treasury received $25B in FY’ 2017 from the GSE and only estimate they will receive $6B in FY’ 2018. Then they estimate a bump in FY’ 2019 back up to $18B.
Now there is no explanation for the changes in the amounts but it seems pretty clear Treasury is not expecting much more from the GSE’s this year but then they expect a huge bump in 2019. That simply means we get the try and figure out the most likely scenario. My thoughts are that Treasury is going to get a small dividend in Q2 and then nothing for the rest of the year seemingly while whatever is going to happen to the GSE’s is settled so they can maintain equity.
2019 is the wild card. $18B in stock sales from “equity transactions”. If we assume the GSE’s are out of conservatorship by the end of 2018 then we can also assume the Senior Preferred stock the government holds will not be drawing the 100% dividend it is now. There is no way to reform them and have any private capital back them is the government gets all the profits from the GSE’s.
If all that is true then the $18B they expect to get must be from stock sales, right? That must mean the government will exercise its warrants and then sell off the stock over time like the AIG scenario.
That also means common holders won’t be extinguished and if they aren’t, preferred holders will get par.
On the surface, this looks really encouraging….
http://www.valueplays.net/2018/02/13/subs-interesting-treasury-budget-item-for-gses/?utm_source=feedburner&utm_medium=twitter&utm_campaign=Feed%3A+ValuePlays+%28Todd+Sullivan%27s-+ValuePlays%29
I say great for fnf, this clearly says fnf will be around, and reading between the lines, protection of tax payers will be increasing the G fees from .1 for .2...
This simply states trumps plans for GSE, in other words, make few tweaks, and release... simple simple simple...
That's funny, Skeptic is your name
Nice to see this
Corker did a knowledge that we have shareholders in these entities and we need to be fair... there you... when?
Mnuchin
"On housing finance, the current situation of indefinite conservatorship for Fannie Mae and Freddie Mac is neither a sustainable nor a lasting solution. The Administration looks forward to working with Congress to reform America’s housing finance system in a manner that helps consumers obtain the housing best suited to their own personal and financial situations while, at the same time, protecting taxpayers."
Let see if this will result in administrative fix, i.e. release, settle cases and move on
Strong Buy Recommendation at "Ford Equity Research"... Nice to see this
This time, I say you got trapped
Thanks for sharing, i say it's DOA, I keep saying if it ain't broke, why fix it
The author is an idiot, how can you put a company in resievership, when profitable, he is full of crap. This is so funny how many people full for this repeat scare tactic, they keep stealing peopels shares.
FNF are here to stay no other way. Crapo is crap that's all he is.
NO way Trump will allow the life line of the real estate industry, to go down on his watch
So when do we expect the rotation from P shares back to common... I think very soon
GLTUA I am 100% long and strong all common..
Nice love it
You gamble on America... I say that we have good chance to win, no mater how many crooks there are against you...at the end, FNF are America's housing life line.. no fnf, every home owner loses not just us FNF shareholders .
Imho good luck
Amazing it took them 10 years to figure this out, better late then never. FNF are going to rock
With the tax bill past us, I think we will see BOOM
Supper, we should see much higher pps today
4.80 by Christmas
Total agree, keep your shares, don't let them steel it from you at this levels.
I can see the PPS at $7 even before RR.. with RR 12 to 20 ..
Imho
FNMA long and strong
It has been a kaboom for few days.. LOL
Former @FannieMae CFO predicts NEW docs will prove Govt fraud from 2008 outset. #FannieGate @Woellert @faithschwartz1 @MortgageLaurie $FNMA https://t.co/pgLRrvhEI
Former @FannieMae CFO predicts NEW docs will prove Govt fraud from 2008 outset. #FannieGate @Woellert @faithschwartz1 @MortgageLaurie $FNMA pic.twitter.com/pgLRrvhEIw
— GSE Trade - Nov. '24 (@Fanniegate101) October 4, 2017
Waw nice
BREAKING NEWS: Fairholme just granted to get a "Quick Peak" at possibly the most damaging documents withheld by the Obama administration
BREAKING NEWS: Fairholme just granted to get a "Quick Peak" at possibly the most damaging documents withheld by the Obama administration
— GSE Restoration Team (@JohnDee78791547) October 4, 2017
Here is the tweet from glen
Judge Sweeney, new order, thank you Glen for the update https://t.co/d2JPWfXqQQ
— Elie Najm (@NajmElie) October 4, 2017
Glen Bradfors just tweeted, Judge Sweeney grated motion to compel, due no later then November 3rd..
Is it still 23 Mill short.. if so this will be huge squeeze
FMCC just said hello to 3+ as well
Will is most important, at the pace we are at... no one knows when the end will be.. I am more optimistic then some, I see the end is near. However don't plan on selling my shares anytime soon.
FnF long and strong,
Imo..
500K last 4 min... nice
Is this what's called a game of chickens