Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
How’s everybody doing everybody all right?
Were you able to get your .70’s?
Giggles intended
At .50 fnf will have to move a 1000% for some that bought in at $5 to break even
Freddy about to dip his toe into the icy blue .60’s
Here present ..collecting shares (my hobby )in the back ground.. all good
Fannie wins cutting into the .60’s race .. which gets to the bottom first of fnf?
Bid .62 ask .65 for a minute 17474 in volume last .65
Dude generally when Fannie gets on the lower bollinger slide she rides it for a month or so ..looking at the one year chart she’s getting ready to throw her arms in the air and yell weeeeeee
Can you imagine another 14 years? Makes your toes tingle… if they were to start leaving conservatorship that would eventually mean the end of all the great conversation here that would be a tru Debbie downer
Fmcc holding on to .70 with fingernails
A year old but still a good read just 14 to go maybe woohoo
https://www.nationalmortgagenews.com/news/fannie-mae-freddie-macs-exit-from-conservatorship-may-take-15-years
Can’t raise cash till the seniors are paid
People here think they’re getting a bargain scooping up “cheaps” while not paying attention to the large drop on most jr preferreds … added together likely a bad outcome coming with a lawsuit imo..
Fnma 1000 left on the bid going going..
Less than 2 hours
I got to go with fmcc
Race is on who breaks .70 first??
Ooooo .70 fnma oooo hearing that hollow ring of the .60’s as well exciting week ensues
Fmcc knocking on the .60’s getting a hollow ringing tone???
Not sure if this message will make it… FnF situation dire… .70’s won’t hold much longer… running out of munitions and supplies… only hope is JB… feel all might be lost…
This would make a great movie
Article helps to explain the liquidation preference as it pertains to Fannie and Freddie
https://www.forbes.com/sites/norbertmichel/2019/11/04/the-government-should-have-shut-down-fannie-and-freddie-in-2008they-still-can/amp/
Well the aggregate liquidation preference (LP) for fnf is roughly around $235 billion divided by .75 should the price hold if they converted the LP to shares that’s roughly 313 billion shares hmmm I’m guessing fnf would sink to .0001 maybe go to no bid… converting the LP probably won’t happen fnf are up a creek without a paddle
https://home.treasury.gov/news/press-releases/sm1236#:~:text=The%20liquidation%20preference%20of%20the,now%20stands%20at%20%24228.7%20billion.
So you can see Fannie and Freddie are to big to fail and to big to put into receivership… holding trillions in secured mortgages where do you liquidate them too? So what do you do? Create a paradox an eternal limbo .. thus the birth of the liquidation preference… and eternal limbo for Fannie and Freddie
And realistically how? when you understand it… how will they ever leave conservatorship? Profits just translate to an increase in the liquidation preference an unplayable debt…
https://www.forbes.com/sites/norbertmichel/2019/11/04/the-government-should-have-shut-down-fannie-and-freddie-in-2008they-still-can/amp/
Good article explains the liquidation preference … And to this end I think common shareholders are screwed even with a trial
If we could get Ackman to sell we could be there in an hour and maybe even $.20
wow wow a bit reminiscent of Gabby… hmmm
Ouch .74’s
Hmmm this could be reflected in the share price in the foreseeable future.. luckily the price has held above .50 till now…. Rofl
Of course.. they’re to big to allow to fail mom and dad gov need to hold their hands for as long as fnf exist. They don’t say it but the senior preferred stock is there to set them up to fail.. there’s no way they can ever repay.. the plan is to Someday announce that fnf will never be able to repay the senior debt.. it will be publicized as just another fail by fnf like their track record from 2008 … all say aye in favor of nationalizing fnf .. it’s coming
lol you do know who owns the senior preferred stock don’t you? Because your post says otherwise.. sorry but.. roflmao you don’t know what you own
Says it all “the senior preferred stock was $100.7 billion on March 31, 2022, and will increase to $104.4 billion on June 30, 2022 based on the $3.7 billion increase in net worth”
“Senior” the more they make the more they owe …
fmcc dipping now
9214 now mm’s laughing and wiping away tears
Yes they wait till the day of to sign should be a real nail biter
Yes this is what there worked all their lives for finally coming to fruition… eye roll
They're hundreds of $billions in debt with the seniors and that continues to rise... What they've saved in ratio to the loans they guarantee is nothing..... They'll never be able to raise enough cash... Not know how they could possibly get out conservatorship with the current accounting... FnF are serving a life sentences with a year added for every one served.... In the meantime they perform community service for those that otherwise couldn't afford a home and would have to rent in perpetuity.