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How sweet it is.
RUMOR CIRCULATING THIS EVENING - NWS IS GONE, DONE, KAPUT.
Yes, I'm informing in ALL CAPITALS SO YOU ALL SEE IT.
Like I said, great to see you posting again.
Chessmaster,
FYI, Fitch has rated all of FnF's preferred shares as junk debt. Yes, even the one that can convert to common. It was discussed here ahile ago. Great to see you back posting here again.
We dont need to sell (more common shares). FNMA and FMCC raise capital by selling new preferred shares..that is why there are so many flavors of preferred shares..to raise capital.
Here are a few of the preferred shares:Available below is information for Fannie Mae's preferred stock.
• 5.25% Non-Cumulative Preferred Stock, Series D (PDF)
• 5.10% Non-Cumulative Preferred Stock, Series E (PDF)
• Variable Rate Non-Cumulative Preferred Stock, Series F (PDF)
• Variable Rate Non-Cumulative Preferred Stock, Series G (PDF)
• 5.81% Non-Cumulative Preferred Stock, Series H (PDF)
• 5.375% Non-Cumulative Preferred Stock, Series I (PDF)
• 5.125% Non-Cumulative Preferred Stock, Series L (PDF)
• 4.75% Non-Cumulative Preferred Stock, Series M (PDF)
• 5.50% Non-Cumulative Preferred Stock, Series N (PDF)
• Variable Rate Non-Cumulative Preferred Stock, Series O (PDF)
• 5.375% Non-Cumulative Convertible Series 2004-1 Preferred Stock (PDF)
• Variable Rate Non-Cumulative Preferred Stock, Series P (PDF)
• 6.75% Non-Cumulative Preferred Stock, Series Q (PDF)
• 7.625% Non-Cumulative Preferred Stock, Series R (PDF)
• Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series S (PDF)
• 8.25% Non-Cumulative Preferred Stock, Series T (PDF)
It's the end game that counts.
Not last year or the year before gains/losses.
Maybe preferred are digesting the massive gains. Fnmas is up from 5.51 to 8.95 since 9/28.
Fnma went from 1.44 to 1.83
For you home players, that is 62% return fnmas vs 27% for Fnma
What do the 12 month returns look like?
Congress has to have hearings, I would think they won't do that while the gov't is shytdown.
Nice catch. The report is out of date.
Kinda odd that that statement would come from TDA.
Posted here before is fitch report saying that preferreds are junk debt.
No mention of commons.
Please provide clarity on your statement. Did you hear this week that there is talk of release or did you hear the release would happen this week? Thank you.
Actually heard talk of release this week due to en banc meeting. En banc is risky. Fall out could be bad. GLTA
Freddie too
Very well written.
Using Fully Diluted numbers and not exercising warrants because they are illegal, merging, Fannie Freddie Ginnie into newco dropping the preferred shares, the common pps comes out to $172. With a 5% dividend that gives $8 share annually.
He could be.
Anybody dare to think Donald Trump is holding the govt hostage waiting for 5th circuit en banc hearing?
Moelis presentation was not attended by a decision maker. That has been posted here before.
we are to believe you and not moelis? the hubris of your posts is incredible
Michael Bright Leaves Ginnie Mae for Another Job
https://www.housingwire.com/articles/47884-michael-bright-abruptly-steps-down-from-ginnie-mae
That would be on Friday.
I believe real run will start after 2 dollars!
Change that.
$2.10 Thursday $2.35 Friday
$2.00 Thursday $2.25 friday
What does cool down at $7 mean? Slower pace up? Melt down?
We get solid news and this will launch
Close over $1.80 today.
Friday we'll be saying $2.20
I'm honored. The Average Joe Plan is alive and well thanks to posters here reminding everyone about it.
It's possible.
Everything having to do with FnF is farfetched.
We're on a one way rocket headed up. No going back.
$2 tomorrow easy.
That could very well be true.
Each day the government is shutdown adds value to our stock.
Even if one considers roughly 50% of daily government waste; that’s about $4 Billion dollars.
That’s $4 Billion dollars we know the government can give back to the companies.
18 Days Of Shutdown So Far... If You Can Count,... Count $72 Billion Down.
Shut Her Down!
Go FNMA & FMCC !!!! $$$$$
Time to rock and roll!!!
Otting gets it done to avoid Calabria having to get grilled on the hill over it..
At this rate or a little faster it is possible that we get to $4 by Martin Luther King federal holiday long weekend, uplist Tuesday on market open.
You are either in or out. Things are different this time. Consolidation seekers will be crushed trying to time profit taking. You will be swimming with sharks . Only a lucky few will be able to time it right. Most that try will fail and wind up chasing it. Solid reversal has taken hold.
He's likely reading every word written here and on fmcc.
Stock is acting like news is imminent.
If you're talking about the Milken Institute, they've already had their chance so not likely this proposal will work.
Start listening at 35 seconds. FHFA is part of HUD
https://finance.yahoo.com/news/more-americans-think-apos-bad-153100872.html
Even easier, they could give us a forward split giving us extra shares. No money out of their pocket that way.
They could pay the existing long C holders $350 in damages now, exclude the people that buy in after news.
Better yet, just get rid of the charters.
Authors of new report oppose releasing GSEs from conservatorship without fixing charter flaws
A preferred share holder in dreamland.
Can you say, “cover”? Who would short it at a time like this?
Ouch - look at the short report for yesterday
https://otcshortreport.com/company/FNMA
No speculation. This run has legs.
I looked at the federal budget in October and did not find a line item for fhfa.
You don't need a director of fhfa since it is rolled up under hud. They are pretending until they make an announcement imo
They have been referred to as regulators for about a year now. My estimate is there will be about a dozen regulators.
All the systems built by fhfa are no longer needed, a complete waste of money.
Couple of million volume in first half hour
A team of 12 regulators should do it.
We're expecting mid-teens before uplist?