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You can't say that he's been neither right nor wrong in his Investment Case, until we know the final resolution.
You can't say that about anyone, so you don't even know what your are talking about. You are just a guy raving on the internet.
Carlos is our maestro. The plaintiffs aren't fighting for the shareholders' rights. They are conspiring to rip-off the shareholders. This is why they request only a $29 billion refund and don't challenge the warrant.
Have a look at the latest opinion of our maestro on Twitter about the corrupt plaintiffs:
Reply to the corrupt plaintiff Fisher's assertion that the warrant isn't a collateral for the SPS repayment. He wants it to negotiate.
— Conservatives against Trump (@CarlosVignote) March 2, 2021
He loves to be in the spotlight. Sweeney sent lead Fairholme to Appellate Ct. He requested to go too w/ Amicus briefs.#Fanniegate @TheJusticeDept pic.twitter.com/3qdrineZTX
FnF have nothing to do with Affordable Housing. They purchase loans from the banks. That's all they do. The same loan can be placed in the banks's balance sheets. Are you going to say that the banks have also something to do with Affordable Housing?
You have discovered that a mortgage makes a home purchase more affordable. Congrats!
Dick Bove is a deranged person.
This isn't about "capital structure" but "conservatorship", where the dividend is suspended for their recapitalization.
Basic Finance and also corroborated in the Law.
The JPS holders don't like it and they want to rip-off the shareholders. Not under my watch.
Carlos is our lighthouse. If you have internet access, you can download the FHEFSSA amended by HERA, the Charter and the FHFA's 2011 Final Rule, which is what the corrupt plaintiffs haven't done.
The current capital structure is fixed with the law, that states that the Capital distributions (like dividends) are restricted when undercapitalized for their recapitalization, with the exception of repaying the SPS.
The lawsuits they brought up are flawed. They request a small refund because they seek stock offerings for the hedge fund managers John Paulson, Berkowitz, Pagliara, etc.
The day that you mention one statutory provision, we will give you a gift.
You only reply with "talk to a lawyer" and now "only with internet access you can disprove his baseless claims", but still, not even one statutory provision laid out to challenge his investment case.
This is not about "we appreciate their efforts", this is about corrupt plaintiffs filing flawed lawsuits, with the objective to rip-off the shareholders.
You are serving the plaintiff Bryndon Fisher on the internet message boards.
The plaintiff Bryndon Fisher has just had his due response in one of his comments.
@Bryndon Fisher Oh my! And you are in Court? The warrant is a security that was only authorized in the Charter, as amended by HERA, to protect the taxpayer. In this world that's called collateral of the only investment of the UST in FnF, the SPS. I will begin filing lawsuits against the corrupt plaintiffs that cover up multiple statutory provisions.
No, that doesn't explain the late day pop.
It says that the Govt will sell out its SPS and it's only possible after converting them for common stocks. That's bad news and illegal.
Are you new here? Read #Fanniegate for daily in-depth analysis.
"Rule of Law Guy" is a deranged person that doesn't even write the powers of the conservator right.
We don't know what the Scotus' mandate will be about and he's already talking about the plaintiff's motion for SJ after that mandate.
What if the mandate is simply strike all the actions taken by the conservator and the UST?
My view is that the Administration and the FHFA will reverse all their actions and they will unveil a lawful resolution before the Supreme Court's ruling, that will be used to corroborate the action just taken.
This is not a market where you can bargain. You have to look it up in the statutory provisions. The prevailing rate on SPS is the original low cost funding with the purchases of obligations.
Then, more than $110 billion due, plus SPS repaid.
The plaintiffs only challenge in Scotus the legality of the NWS.
So, it's legal and the case is closed. The illegal actions are others that haven't been brought up by the corrupt plaintiffs, because they seek a settlement to share the booty with the UST and stock offerings.
***BOMBSHELL***THE THIRD AMENDMENT (NWS) NOW BEFORE SCOTUS,IS LAWFUL. Because we have two eyes. We the shareholders must organize and mobilize against the corrupt plaintiffs. They brought up a phony case to Scotus that doesn't tackle the multiple unlawful acts by the conservator under the Law. Enough is enough!
THE 3rd AMENDMENT (NWS) IS LAWFUL, BECAUSE WE HAVE 2 EYES
— Conservatives against Trump (@CarlosVignote) February 20, 2021
HERA incorporated in the Charter(l)authority of UST to purchase UNLIMITED yield obligations SPS, IN ADDITION to the prevailing(c)low cost UST backstop(Charter's dynamics)
So,the Secret Plan👇(fast speed)#Fanniegate @Scotus https://t.co/TEXxPSSZRP pic.twitter.com/3GaYu9NNBz
I'm beginning to think that the article might be pretty close.
FnF don't provide data of refinancings and overall liquidity provided to the mortgage market in the 4Q, so you have to estimate it.
For FMCC I've taken the liquidity provided to the mortgage market in the 3Q, $361.6 billion. Later I assume that the single familiy refinance borrowers are 60.7%, because that's their statistic in number of borrowers. The 3Q and the 4Q were very strong quarters of refinancings and similar. Then, $147 billion worth of refinancings in two months.
For FNMA, I've taken the data of $948 billion Single-family refinances in 2020. Taking into account that the boom in refinancings occurred in the 2H, I assume that it was $290 billion in the 4Q. Then, $193b for two months.
Total = $340 billion, less the mortgages that don't qualify for the fee (below $125,000). Let's assume that the total was $300 billion and the article says $350 billion worth of adverse market qualified refinance mortgages.
Anyway, where's the money? $860 mll of income should have been recorded for the month of December in the quarterly earnings report and I don't have the impression that it was recorded.
Also, the management is silent about this new Adverse Market Refinance Fee. They should have mentioned something in the SEC filing and the conference call.
This is evidence that the conservatorship is a state to misrepresent their financial condition, so that the stocks trade rock bottom.
That article is wrong. My estimation based on the recent earnings report, is that FnF refinanced $190 billion worth of mortgages in the last three months of 2020.
Then, for the months of December and January, presumably they've refinanced $127 billion, at a 0.5% fee, it's $634 million, assuming that all the borrowers qualify, when that's not true because the mortgages below $120,000 don't qualify for this fee. Whereas the article claims that FnF earned $1.75 billion in adverse market fees in these two months.
F and F funded about 1.2 million adverse market qualified refinance mortgages totaling $350 billion from Dec. 1 through Jan. 31, according to Inside Mortgage Finance. At one half-point charge, that’s a whopping $1.75 billion in adverse market fees collected in the first 60 days.
Interesting comment posted on the FHFA's website regarding its proposed rule "living wills" and the request of input.
https://www.fhfa.gov//SupervisionRegulation/Rules/Pages/Comment-Detail.aspx?CommentId=15749
Glen Bradford is beaten up today in his latest article in Seeking Alpha. Actually, I always skip his article and go straight to the comments section.
https://seekingalpha.com/article/4406055-fannie-ceo-wants-to-attract-risk-capital-to-protect-taxpayers
Fanniegate hashtag is getting more interesting each day.
The warrant affects the share price since day 1, because the UST is deemed to beneficially own a 79.9% stake under SEC rules regardless of being exercised.
That's why FnF report earnings on a diluted basis and why the lawsuit brought by Washington Federal is so important.
Other theme is that it's a collateral for the SPS, thus, it won't be exercised, but the market isn't aware of this fact due to all the brainwashing by the plaintiffs, the authorities and the accessories that write on internet message boards.
That's not true. If Washington Federal challenges the warrant and the "usurious" conditions in the 2008 Agreements (as part of a Takings claim against the Govt to pursue "public objectives"), which includes the 10% dividend and the initial $1 billion SPS the UST got for free, then those measures are cancelled.
There's no such thing as awarding damages only to WF while the felonies are kept in place.
EARNINGS REPORT ON FRIDAY, FEBRUARY 12TH.
https://apnews.com/press-release/pr-newswire/business-corporate-news-earnings-reports-financial-performance-earnings-1f4a15fbef0f33449e84f5c52729d16d
https://www.fanniemae.com/newsroom/fannie-mae-news/fannie-mae-announces-scheduled-release-fourth-quarter-and-full-year-2020-financial-results
Tim Pagliara has arranged an interview next Tuesday on RealVision, with another hedge-fund manager, @urbanKaoboy in Twitter, a man that claims that the common stocks will be wiped out, talks about "legacy commons" and also said that "a common stock is an option with strike on the JPS's par-value". He is JPS holder.
Both guys are lunatics and our enemies.
Re: Fannie/Freddie-Tim Pagliara and I are going to do a 1-hour live segment with Max Wiethe on RealVision next Tuesday, January 9, at 11 am PST / 2 pm EST on the GSE’s in case anyone is interested. I’m told there will be time for audience questions.
— Michael Kao (@UrbanKaoboy) February 4, 2021
In Scotus, not only the NWS is at stake but the whole conservatorship.
The word most repeated in the last Oral Arguments was "Nationalization".
The 10% dividend is illegal in the Charter's fee limitation.
The warrant, too.
Tim Howard is amicus of the hedge funds. The entire amicus brief had the objective to claim that the SPS are non-repayable, when the law states that the SPS are repaid with each capital distribution (dividend)
Stop echoing the comments from the Mafia!!!!!!!!!!!!
Pagliara wants to steal 97% of our wealth, promoting all the measures that I mentioned that translate into multiple stock offerings and a 97% dilution.
The Govt wants to steal 100% of the companies. So, I prefer being robbed by the U.S. Govt than by the career conman Pagliara based on deception.
Dude, if you don't understand finance, step aside.
Nice post and good words against scammer Pagliara.
We don't care about a BOD representing our interests,but a @FHFA-C breaking the Law & not acting in the best interests of FnF(Inc Power),besides conmen like Pagliara w/ a phony Assoc to harm our interests, promoting:
— Conservatives against Trump (@CarlosVignote) February 2, 2021
10%div
Warrant
Swap P-C
Commtmnt fee
Govt Expl Gtee.#Fanniegate https://t.co/5vjIBxo2tL
They don't allow to talk about stocks trading on the OTC Market, which is insane, because the OTC Market is a Stock Market like anyone else.
The only difference is that the companies have less requirements in that market. Actually the OTC Market-listed companies have no requirements. Not even releasing financial information.
FnF file their quarterly financial statements in the S.E.C..
Hashim Mooppan wasn't the acting Solicitor General. He was just the Assistant AG for the Civil Division. Maybe the head of that division after Hunt quit a few months ago.
Hashim Mooppan was impersonating the Solicitor General in the recent oral arguments before Scotus. The plaintiff and the Amicus called him SG as part of the hoax.
Another crime to add to the list.
The conservator's duty isn't "to seek to make the GSEs safe and sound", but "to put FnF in a sound and solvent condition".
Because the words have a meaning, it isn't the same.
Put means "restore".
Sound condition means recapitalization.
Solvent condition is related to the amount of Debt. In this case, it's reduction of the obligations SPS.
Both coincide with the provision in HERA: Restriction On Capital Distributions, with the exception "reduce the obligations SPS".
This Rule Of Law Guy made it up because he's a conspirator that wants to deceive us.
When shareholders choose a career conman as FHFA's Director candidate, something is rotten.
The former FNMA CFO, Timothy Howard, was indicted in 2006 in a criminal ring to defraud FnF and their shareholders, and he was portrayed as the mastermind, because he accumulated a lot of power without any controls.
The objective of the accounting fraud was to hit the EPS target bonus.
FNMA had to restate 4 years of earnings and pay a fine of 400 millions.
Read the S.E.C.'s press release.
Also the OPHEO's 348-page report.
What's the point in advocating for the release, if he calls for the measures that I have mentioned before, that dilute the existing shareholders at least 97% in their companies?
This is a theft. He's proposing stealing 97% of my wealth in plain sight. He didn't say so in the lastest video, but it's his take since day one and you should know it.
The claim that he is shareholder is misleading. A hedge fund or communtiy bank could have transferred its positions to his Wealth Management firm and he's a simple custodian.
He is a scammer and he has brainwashed you. Read #Fanniegate for daily in-depth analysis.
Tim Pagliara is a conman that wants to rip-off the shareholders. That's why he endoreses the warrant exercised, a conversion of the JPS for Commons, a Govt Explicit Guarantee, Utility Model, a commitment fee and the 10% usurious dividend.
The idea that the DOJ will announce a final resolution of #Fanniegate and not Scotus, caught the plaintiffs by surprise. This is the only analysis that comes out from the abrupt departure of the DOJ's Assistant AG, Mr. Mooppan. A hugely toxic man if you have ever read his briefs, the last oral argument before Scotus and also the last amendment of the SPSPA, that all of them lead to a settlement of the flawed lawsuits (notice that he previously worked for the law firm Jones Day, that is also a plaintiff) and a restructuring case. The plaintiffs and the crazy people that endorse their conspiracy to rip-off the shareholders, like the sociopath GB, HW, etc, will suffer a huge backlash from investors. The announcement is imminent.
I don't see the signatures at the end of the document.
Do you see it signed by the parties, like the others?
Because I don't.
The Letter Agreement wasn't signed by the parties.
Thus, it's invalid and unenforceable.
THERE ARE NO SIGNATURES IN THE LETTER AGREEMENT AS ALWAYS.
It's truly a simple letter and not an agreement.
Scotus will directly rule on the matters because the heart of the matter are the actions by an illegally constituted director under the constitution.
Scotus can strike the whole conservatorship, because the decisions were made by a director without powers.
The Warrant is mentioned by the Washington Federal plaintiffs in their original lawsuit.
With so many briefs in response and appeals, now this claim has been diluted, but not forgotten.
ACG Analytics is funded by John Paulson and Berkowitz. Everybody knows their bias towards the JPSs, aiming at ripping-off the common shareholders amid multiple stock offerings.
They don't move the market. They just do crazy talk.
It's what Moelis was before.
Just like others, like HoldenWalker and Glen Bradford.
Read the news before it happens.First on #Fanniegate.