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That's what I mean when it comes to ( GREEDY GOV) in Cat mans book it does lay out like this. Commons are risky but huge rewards if the Warrants and SPSA are not converted. But alot of the wording in HERA is double dutch when it talks about the warrants ONLY being collateral for there investment nothing about converting them to commons if I read it right. It's been awhile maybe some board memeber has a clearer picture of HERA
Sub $2's not for long my freind. With Lambert giving us 5.75% on top we JPS are looking strong!
Commons only for wild card play ! JPS for long term dividends once released ! Other side is JPS are protected from greedy Gov converting SPSA to commons.
O come on have a go! Play it as a wild card you never know sometimes the odds work out real good! My wild card play is Freddie commons but hold both Fannie and Freddie JPS
Until one administration gets the idea they can cash in the GSE's and make them a cool $120 billion for there pet projects !
OK we are on the same page my friend ! Yes NO ONE KNOWS ANYTHING, it's all guess work until the Corrupt Gov does what we all are dreding!!! You know they are greddy for there pet projects !
HOG WASH ! Where do people come up with this crap?? JPS have legal contracts the Gov just can't change the contracts as they see fit without approval from JPS PERIOD !!!!!! It was even mentioned in Cab Mans book if that's any recourse !
Commons have NO protection! I own both JPS and Commons. I keep commons for a wild card play! I hope the Gov doesn't do a cram down but it's anyones guess !!
JPS most likely won't see full par and given a discount with the SPSA but who knows? After 16 years in C ship NO ONE KNOWS SHXT !!!!!
I've longed believed that these lawyers are working on the side of the Government to make sure the law is judged in there favour with the lawyers doing the Gov's dirty work.
WHY DID the Colins case go all the way to SCOTUS only to be told ( YOU BROUGHT THE WRONG CASE TO US) ????? GOV'S PLAN TO WASTE PEOPLES TIME AND MONEY SO THEY GIVE UP !!
AMEN Charlie RIP ! Yes he would have been 100 years old on new years day! Will Buffet still consider buying out the warrants from the Gov once Trump wins in 2024 ?? Or will Biden beat him to it and sell out before Nov 2024
That’s 2013 we are in 2023 now mate! Stop posting BS and post current events rather than push FAKE NEWS.
Hey can I have what you’re smoking ???
For the GSE to see any restructures that’s going to come from the head of the FHFA.
If it looks like a turtle
Behaves like a turtle
Moves as fast as a turtle
Then it’s a slow moving Turtle running the FHFA
Only in Chapter 7 everyone gets $0, In chapter 11 ( most common) debt holders get paid there debt if there’s enough $$ and there’s plenty . Any left over would go to common shareholders.
IT'S ALL ON THE CLASS ACTION WEBSITE. It's been stated many times on here. He/she, it, they,them,who, what, animal, alien, insect who owns shares of Freddie common or Freddie JPS before final judgement is signed has automatically Opped into the class action for a payout. Those who own Fannie Mae JPS before the final judgment is signed will get a payout with interest and automatically Opped in.
YOU HAVE UNTIL FINAL JUDGEMENT IS SIGNED TO BUY SHARES FOR A PAYOUT !!
ONLY FANNIE MAE JPS holders will get a % + interest = 5.75% on top of there payout
Did anyone figure out a realistic amount for Freddie commons and Freddie JPS ? so Fannies JPS getting around $1. Also I wonder what the 4 law furms are going to charge the class action fees???
Given the Gov's behalfour to date and it's actions towards common shareholders to date I would not bet that this would be there plan when time comes! Rember the Gov is after $$ doesn't give 2 cents about shareholders to date or in the past. I'm very concerned and weary of this !
The class action clearly states ( Shareholders of record) on final judgement date. So only to shareholders of record get the $$$$
I was watching a podcast last week on Charlie stating they were investing into media Corp.
Anyway looking at the list one would say they are reducing and selling off non performers in a down market or rescission market. 2024 will be a tuff year. What is concerning is them selling everything in the medical industry which has always been strong! J n J and Protector Gamble. As we sore in 2012 after the 08 crash oil went to over $160 a barrel. So wonder why they are sell off there oil stocks.
Is he cashing in for a deal to buy Fannie and Freddie off the Gov ? That's alway been his ( the deal that got away) last time he had the chance in 2007.
Activision Blizzard Sold Entirely N/A
Amazon.com AMZN Scaled Back 3 stars
Aon AON Scaled Back 2 stars
Celanese CE Sold Entirely 4 stars
Chevron CVX Scaled Back 3 stars
General Motors GM Sold Entirely 5 stars
Globe Life GL Scaled Back 4 stars (Quantitative Rating)
HP HPQ Scaled Back 3 stars
Johnson & Johnson JNJ Sold Entirely 4 stars
Markel MKL Scaled Back 3 stars
Mondelez International MDLZ Sold Entirely 4 stars
Procter & Gamble PG Sold Entirely 2 stars
United Parcel Service UPS Sold Entirely 4 stars
Freddie Mac Multifamily Loan Purchase Cap for 2024 is $70 Billion
MCLEAN, Va., Nov. 14, 2023 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) Multifamily’s loan purchase cap for 2024 will be $70 billion. The cap is set by the Federal Housing Finance Agency (FHFA) based on projections for the size of the multifamily debt origination market. Freddie Mac has also received from FHFA updated criteria for its “mission-driven” business.
https://finance.yahoo.com/news/freddie-mac-multifamily-loan-purchase-203000114.html
“We know the multifamily market faces significant headwinds, which makes Freddie Mac’s countercyclical role critically important to lenders and borrowers,” said Kevin Palmer, head of Multifamily for Freddie Mac. “We continue to maintain a laser focus on providing liquidity, stability and affordability to the market, and FHFA has again set strong requirements that create the conditions for us to deliver on our priorities.”
FHFA defines its mission-driven requirements in Appendix A of its Scorecard. For 2024, 50% of loans purchased must be mission driven. Mission-driven is defined as loan purchases that support:
Targeted Affordable Housing properties where all or a portion of the units are income or rent restricted as a result of a regulatory agreement or a recorded use restriction;
Workforce housing properties where units are subject to either rent or income restrictions that are codified in loan agreements;
Other affordable units where rents are affordable to tenants at various income thresholds but are not subject to tenant income or rent restrictions;
Properties located in rural areas as defined by the Duty to Serve regulation;
Manufactured Housing Communities that receive credit under the Duty to Serve regulation, which requires tenant pad lease protections;
Certain loans to finance energy- or water-efficiency improvements.
To promote affordable housing preservation, loans classified as supporting workforce housing properties will be exempt from the 2024 volume cap.
“Freddie Mac created its preservation offerings to give multifamily borrowers an incentive to keep rents affordable,” Palmer said
Tue, November 14, 2023 at 2:55 PM MST
https://finance.yahoo.com/news/fannie-mae-priced-503-million-215500134.html
WASHINGTON, Nov. 14, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) priced a $503 million Multifamily DUS® REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS™) program on November 6, 2023. FNA 2023-M8 marks the third Fannie Mae GeMS issuance of 2023.
(PRNewsfoto/Fannie Mae)
(PRNewsfoto/Fannie Mae)
"We announced and priced our third deal of 2023, the M8, on Monday of last week. Given the recent rate and spread volatility, we were keen to get the deal up and down as quickly as possible," said Dan Dresser, Senior Vice President, Multifamily Capital Markets, Pricing and Analytics. "The syndicate process remains challenging, and we were pleased with the level and speed of the deal execution. As always, we appreciate the focus of investors in this challenging operating environment."
All classes of FNA 2023-M8 are guaranteed by Fannie Mae with respect to the full and timely payment of interest and principal. The structure details for the multi-tranche offering can be found in the table below:
https://finance.yahoo.com/news/fannie-mae-president-david-benson-225615620.html
FNMA
+4.32%
Connie Kim
Tue, November 14, 2023 at 3:56 PM MST
In this article:
FNMA
+4.32%
Watchlist
Watchlist
Fannie Mae
Fannie Mae
Fannie Mae announced a slew of leadership changes following the expected retirement of two senior executives. President David Benson will step down from his position in early to mid-2024 after 21 years at the company.
Benson served in a wide range of roles, including interim CEO, chief financial officer, executive vice president (EVP) of capital markets and treasurer.
Chief Administrative Officer Jeffrey Hayward will retire Dec. 31, ending a 36-year stint with Fannie Mae. Hayward’s positions included EVP of multifamily and senior vice president of the national servicing organization.
“As they depart, we are implementing our succession plans and streamlining our leadership structure to continue advancing our strategy and our mission to serve homeowners, renters, and the housing market as a whole,” Michael Heid, chair of Fannie Mae’s board of directors, said.
CEO Priscilla Almodovar, who joined Fannie Mae in 2022, will assume the additional title of president, Fannie Mae said. Almodovar will directly manage the single-family and multi-family units in her expanded capacity.
“I’m honored and I’m excited about the path forward,” Almodovar said. “Fannie Mae is well prepared for these transitions thanks to thoughtful succession planning and the strong leadership corps that Dave, Jeff, and others have helped develop through the years.”
General Counsel Terry Theologides will succeed Hayward as chief administrative officer.
Theologides has been general counsel and corporate secretary for more than four years and previously served in senior roles at CoreLogic and Morgan Stanley’s mortgage businesses.
As chief administrative officer, Theologides will be responsible for a broad range of Fannie Mae’s operations, including economic and strategic research, government and industry relations and marketing.
If that is somewhat the case for those JPS @ PAR $25 then all $50 par JPS should be close to $1.60 to $2.00 ???
That means for my $25 par shares I'll get somewhere around $.60 = $45000 to $1 around $75,000
My $50 par JPS I'll get around $120,000 @ $1.60 to $2.00 = $150,000
My common shares @ $06.0 I'll get $8580
SHOW ME THE MONEY !, SHOW ME THE MONEY !, SHOW ME THE MONEY !, SHOW ME THE MONEY !, SHOW ME THE MONEY !, SHOW ME THE MONEY
Did he do that on purpose ? Was he paid to do so ? Waste time and resources? Get the law changed so shareholders in the future have no standing ? Who knows but it sounds fishy very fishy !!!
Yes with all these millions on illegals flooding into the country who knows how many are terrors
We’re going to need a Judge to make them give it back old Gov isn’t going to hand that back Biden and Obama spent all the money !
The calculation of the pay down of the liquidation preference of the Senior Preferred Stock.
https://drive.google.com/file/d/15978NWfDcTtuClMBnwgWFmoPnwK94vWn/view
The liquidation preference has been paid and the Senior Preferred Stock should be canceled.
I like the sounds of that !!!
Can you point out on what page the info is please . Again if you already have
BINGO !!!! SPS PAID IN FULL AS PER BALANCE SHEETS
As of SEPT 2017 PAGE 5
https://drive.google.com/file/d/15978NWfDcTtuClMBnwgWFmoPnwK94vWn/view
Q2 2017
Net income 4,864 4,864
Senior preferred stock redemptions (4,891)
Senior preferred stock dividends (5,103) (212)
Other - -
Balance as of June 30, 2017 $ 189,485 $ (202,462) $ 3,591 $ (17,050)
Q3 2017
Net income 7,694 7,694
Senior preferred stock redemptions (3,591)
Senior preferred stock dividends (7,698) (90)
Other - -
Balance as of September 30, 2017 $ 189,485 $ (202,466) $ - $ (9,446)
I have a problem with this !
If every court and Judge doesn’t see this as accounting fraud 101 deem the SPS paid back then why is it left off the balance sheets ?
If the recent Jury found the Gov acted in bad faith with applying the NWS then why is not another case from shareholders challenging the NWS as payment in Dividends as under HERA the companies can’t pay dividends under conservative ship so then it’s a payment applied to the outstanding balance loaned ??
I own both JPS and 30% common Freddie and those commons I hold for a wild card play for quick cash on BIG news !
I hold JPS for dividends when and if released.
Both a risky but know your risk or get out of the kitchen!
SHORTS ARE LOADING UP !!!
https://www.otcshortreport.com/company/FNMA
https://www.otcshortreport.com/company/FMCC
Yes there is ! Right around the corner from me!
https://maps.app.goo.gl/mFqnJZsdoJawnLZC8?g_st=ic
Gone Camping with the GSE puppies because there’s nothing going on with the GSE’s on a Friday just the pop and dip 1 or 2 cents any worth hanging around for and posting mindless updates.
Have a good weekend all !! $5 by Monday ???
You forgot the GSE ( WHALES BREACHING) lol
I understand that for the ( takings cases) against shareholders BUT.
If the Jury found the NWS outside the ( fair dealing ) of Delaware law the certainty another suit against the Gov would have to come from the GSE and we know that won’t happen
INTERESTING POINT MADE:
Quote:
no matter how much money they returned to the Treasury – be allowed to ever repay the government. These actions clearly violate the most basic requirement of HERA that instruct the Director of FHFA[iii] “to oversee the prudential operations of each regulated entity and to ensure that … each regulated entity operates in a safe and sound manner, including maintenance of adequate capital and internal controls.”
Now since a Jury found the NWS outside the statue of HERA and awarded damages, then why not another lawsuit against Treasury for taking all the profits aka(NWS) AND NOT ALLOWING THE COMPANIES to retain there profits and build reserves! Treasurys actions are to is outside of HERA
Quote:
Net Worth Sweep as to ensuring Fannie and Freddie would not be able to use their substantial profits to repay the government, rebuild capital, and return to normal business operations – all in direct opposition to the clear statutory requirements of HERA
SHORTS ARE LOADING UP !!!
https://www.otcshortreport.com/company/FNMA
https://www.otcshortreport.com/company/FMCC
I’ve said before! Are the powers doing this on purpose????
How much are these attorneys getting paid to F… everything up?
Makes you wonder how the cases have been going so far ??
Maybe that was Steve’s plan all along! I wonder what he’s been up to since leaving the WH. I wonder if Trump gets the WH how many of his inner circle will be back for 2.0 ? Could this mean Fannie and Freddie finely get released ???
Freddie’s 3rd Q
FMCC Net income of $2.7 billion, an increase of 104% year-over-year, with the increase primarily driven by a credit reserve release in Single-Family in the current period compared to a credit reserve build in Single-Family in the prior period.
• Net revenues of $5.7 billion, an increase of 10% year-over-year, driven by higher net interest income and non-interest income.
3dr Q from Fannie’s CEO
https://x.com/shawndunavant/status/1719381783836512731?s=46
My JPS are doing great today and so is my Freddie Commons so don't know why some on here are continuing to post BS about JPS's (not you) but others when ALL GSE shares are hardly moving a few cents each way! REAL news is when we see $$ changes right !
https://finance.yahoo.com/quotes/fmcc,fnma,fmckj,fmcki,fmccm,fmcck,fmcct,fmcci,fmckk,fmccg,fmcch,fmccl,fmccn,fmcco,fmccp,fmccj,fregp,fmckp,fmccs,fmcko,fmckm,fmckn,fmckl,fnmap,fnmao,fnmfo,fnmam,fnmag,fnman,fnmal,fnmak,fnmah,fnmai,fnmaj,fnmas,fnmat,fnmfm,fnmfn/view/v1