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wow settlement by thanksgiving, i can live with that!
wow that is 1.7 million bucks worth
supreme court already said that the govt can self deal all wants dangit
ya but, please compare the dollar amount sold to the dollar amount bought and see if his net dollar investment went up, down or stayed the same
so it looks like paglaria in capwealth fund sold a ton of commons and prefered lately, but he did buy alot more of the FNMAH. so what can we conclude from this? ackman is still holding
oh, you would rather have them say some lies like all the others did and artificially pump up the stock price, no we need actions not words
told ya, now if you havent bought yet, you will be locked out
.86, release is imminent, news might be out tonight, stock halted at the open tomorow, plan comes out in the morning, stock re-opens for trading at 1:00 PM at a price of 100$
we are back to the days like 2013, when i bought for 1 and sold at 3 during the ralph nader runup, people say that we are much better off now then we were back then, but are we - the govt is still in max control of fannie and ther arent showing any signs of releasing them, danggggggggggggggggggit
what is the non deligation claim?
2 months is my prediction
thats exactly what i am thinking there is hope
NO NO NO we dont want congress involved
whatever, you missed my point, which is, if biden wants this released asap, then he can do it all withing the next 60 days
but... i believe that they can do the secondary offering and cancel the pspa and all withing this 60 day period, i.e. do it all in parallel
so, is this a lesser amount?
The suspended provisions include limits on the Enterprises' cash windows (loans acquired for cash consideration), multifamily lending, loans with higher risk characteristics, and second homes and investment properties. The Enterprises will continue to build capital under the continuing provisions of the PSPAs. FHFA also continues to direct the Enterprises to operate in a safe and sound manner consistent with their statutory mission, and to foster resilient housing finance markets given prevailing housing market conditions, which include elevated demand relative to available inventory.
Additionally, FHFA is reviewing the Enterprise Regulatory Capital Framework and expects to announce further action in the near future.
if britney gets her fannie freed from conservatorship, maybe she will ask them to free our fannie too!!!!!!!!!!!!!!!!
any court news from sept 8 filings?
from yahoo message board, this is the end game that i believe will happen:
Howard latest article he suggests the 2.5 percent minimum would be far above Fannie and Freddie’s risk-based requirement, and thus be binding. And he said, If the administration at the same time deeming Fannie and Freddie’s senior preferred stock repaid and canceling Treasury’s liquidation preference, the companies’ core capital would rise to a positive $60 billion, leaving them with a gap to adequate capitalization of $115 billion.” From article: “Capital fact and Fiction.”
Keep in mind $115 billion is the amount for both companies.
If the administration would adopt the above suggestion from Mr Howard, the amount for both companies a total of $115 billion to adequate capitalization.
From 2nd Quarter 10Q 2021,
“Fannie Mae is a leading source of financing for mortgages in the United States, with $4.2 trillion in assets as of June 30, 2021.”...
$4.2 trillion x 2.5 percent = $105 billion minus $37.3 billion shareholders equity = $67.7 billion need to raise in a secondary offering to adequate capitalization.
Freddie Mac would need to raise $47.3 billion, the amount needed in a secondary offering to adequate capitalization. $47.3 plus $67.7 = $115 billion both companies.
Mr Howard did not suggest canceling the warrants, but in my first calculation below will not use the warrants. It’s wrong for the Treasury to claim the warrants at 79.9% of the company shareholders equity. Second calculation will include warrants.
Simple Fix
If the Treasury will cancel the liquidation preference, as the government’s been paid back in full plus 10 percent interest and the 79.9% warrants held by the Treasury canceled. A secondary offering could easily raise enough money as to satisfy the capital requirements of our regulator the FHFA. And this could be done at minimum dilution for the rightful owners the Common Shareholders. I will use the number $67.7 billion as an example in the calculation below;
Fannie Mae’s common stock outstanding 1,158,087,567
Fannie Mae’s net earnings 4 billion per quarter, a projection of 16 billion net per year. I think the Market would willingly pay a Market Cap of 230 Billion easily for that amount of earnings: 230 Billion / 16 Billion = Price to Earnings Ratio 14.37 (fair value).
Market Cap 230 Billion / 1,158,087,567 = $198 Per Share Intrinsic Value.
Example: If the company Fannie Mae is required an additional $67.7 Billion as a capital requirement to reach the $105 billion of 2.5% of total assets, and to make the offering attractive the secondary offering could be at an extreme discount of 20% and in this case the secondary offering would price at $158.40 per share;
$67.7 Billion / 158.40 = 427,398,989 million new shares.
Market Cap 230 Billion / 1,585,486,556 Billion Shares = $145.07 Per Share Intrinsic Value.
With the WARRANTS: Fannie Mae’s common stock outstanding 1,158,087,567 diluted by the warrants at 79.9% adds a total of 5,761,629,686 shares outstanding…
Market Cap 230 Billion / 5,761,629,686 = $39.91 per share
Example: If the company is required to hold $67.7 Billion as a capital requirement to reach the $105 billion of 2.5% of total assets, and to make the offering attractive the secondary offering could be at an extreme discount of 20% and in this case the secondary offering would price at $31.92 per share;
$67.7 Billion / $31.92 = 2.12 billion new shares.
After the secondary offering total of 7.8 billion common shares
Market Cap 230 Billion / 7.8 Billion Shares = $29.48 Per Share Intrinsic Value.
The Treasury would not have to provide a consent decree going forward. The Treasury needs to get out of the way. The company could still function for the purpose of its charter.
ya, we had ralph nader as out advocate back in 2013, we need somebody like him
ya, i should have known this was coming back when fockin mnokin appeales this to the supreme court
serious question: does the govt have any motive towards releasing fnma? is there any reason for them to do it? any suggestions would be appreciated
the big question is: when will the govt release us? court case wins will help the stock price some, but release is the big kahuna
i bought it at $4.30 for 23,000 shares back in mid 2014, been insanely waiting ever since, any other dumbass goons out there that did the same, i need hope, even if it is just some other dumbasses, i shoulda bailed when munchkin appealed to scotus, that was a sure telltale that the govt were crooks
ya i got blinded by this stock, missed out on tsla and mrna runs because of it. i think there is still some hope with the takings cases. i am just hoping for a good positive news on them and then a nice pile on runup so i can get out
is there any hope for fannie common stock holders via the remaining court cases. i respect your opinion Ano. thanks
wow that would be great!!!!!!!!!!
the big question is: after the govt settles all this, what percentage of the company are the current common owners going to own of the company: will be anywhere from 50% down to 10%, my guess is 20%. 20% of 250 billion$ is 50$ per share not bad
to enter an injunction requiring, at a minimum, that Defendants amend
the purchase agreements to either: (1) reduce the liquidation preference on
Treasury’s senior preferred stock to zero and end further increases to the liquidation
preference except as necessary to offset any further draws on Treasury’s funding
commitment; or (2) convert Treasury’s senior preferred stock to common stock.
i would assume, like give them say i billion shares of common to amend for how much that fannie has already paid them
there is no longer any reason for the govt to keep them in conservatorship because they arent making any money off of them anymore, hopefully we get executive action to release soon
interpretations anyone? i read all 3 and see some good stategies, but need a lawyer to look at it and say if it looks good for us or not
so what do you all think that the senior preferreds are worth at this point, ie if they were converted to common stock?? could they be worth 1 billion $ or so?
why wont the govt release them?????? dangit hopefully we have enough court clout now to force them basrards
based on money.cnn.com third ave bought 1.8 million shares of fnma on 4/30/21
something is up because the prefered stocks are up 20%, i hope it is good for all investors
thanks but that was a dead end
so what did the supreme court change?
is this article positive for us ? i cant read it