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.
In 2021 FNMA/FMCC release was in included onto FHFA plan draft for 2022-2026. I saw it included at the FHFA board. But later in 2021, when final version of the plan was published, this item was excluded.
And no reaction from Fairholme,stakeholders. Looks like they agree. FNMA commons shareholders are excluded of this case.
Just an information:
Rop vs FHFA: Maloney entered an order this afternoon asking the parties to let him know by July 12 how they would like to proceed
This message as well as other similar messages needs to be send to Warren Davidson.
Instead of combine effort to resolve an existing FNMA/FMCC ongoing issue, everybody sees continued disparaging remarks concerning common's shareholders and a possible common shares PPS value.
No matters what's being written, release would happened no later than 2028. Shareholders would be rewarded( currently is impossible to predict this reward's amount). Warren Davidson statement, that release are long overdue, didn't happened by mistake.
Let's stick to the following facts and make up your mind.It's a shame, what happened and still continue to happen to FNMA/FMCC.
1. In 2019 Scotus determined, that Lamberth decision as of 2014 was incomplete,since it didn't address shareholders reward issue and asked 5th Circuit to look into this issue.
2. Later 5th Circuit rewiewed 2014 Lamberth decision and again recognized that it didn't address FNMA/FMCC shareholders reward issue,and therefore it's need to be re-done.
3. In 2022 Lamberth again in charge of the case, which included jurors, and again it failed. As per existing law, trial had to resume in 90 days, which means no later than January of 2023, but it's scheduled to start on July 24th (6th month later).
4. Just to remind everybody, that FNMA commons are excluded of this trial.
The reality is that Treasury and FHFA don't want to do anything until 2028.
So All of the theories regarding possible solutions are useless.It's either trump in 2025, or warren davidson &k could change it.
Let's stick to the following facts and make up your mind.It's a shame, what happened and still continue to happen to FNMA/FMCC.
1. In 2019 Scotus determined, that Lamberth decision as of 2014 was incomplete,since it didn't address shareholders reward issue and asked 5th Circuit to look into this issue.
2. Later 5th Circuit rewiewed 2014 Lamberth decision and again recognized that it didn't address FNMA/FMCC shareholders reward issue,and therefore it's need to be re-done.
3. In 2022 Lamberth again in charge of the case, which included jurors, and again it failed. As per existing law, trial had to resume in 90 days, which means no later than January of 2023, but it's scheduled to start on July 24th (6th month later).
4. Just to remind everybody, that FNMA commons are excluded of this trial.
Regardless of All of the notes concerning commons, I'm positive and hope for the best.
And as appears, a lot of commons' shareholders also positive and hope for the best.
This is all hypothetical until it happens lets' wait and see what would happened.It would create
a lot of conflicts of interests.
You are absolutely right. "They need to stop spending money on lawsuits and focus on lobbying to end fraudulent conservatorship, get all the loot money back etc etc. they are barking on the wrong tree".
It's what You stated and it's correct. They need to communicate to Warren Davidson and some others,
to apply max pressure on treasury.
If a pressure would be applied, they will release them. My guess it would take a few more years,
but no later than 2028. Please send a letter to Warren Davidson, and asked him to communicate with Treasury/FHFA to include "FNMA/FMCC to be ready for a release" item onto FHFA plan. As Warren Davidson stated FNMA/FMCC release is long overdue.
The parties delivered nine documents to Lamberth this past week discussing what the jury should see and hear during the second trial. Five are sealed and unavailable to the public at this time. The other four:
— Doc. 301 to deter Ross Kari from portraying forward looking statements in SEC filings as facts;
— Doc. 303 tinkering with jury instructions;
— Doc. 307 to block the use of five Treasury documents; and
— Doc. 308 in which FHFA withdraws a sealed request to limit testimony by Bala Dharan in light of Lamberth’s June 2 opinion;
Document 307 is important since it's a request by defendants to block the use of five Treasury documents, and it would make them unavailable to jurors.
Shareholders need to do everything possible in order to force Treasury and FHFA to include onto 2022-2026 plan an item " Prepare Fannie Mae and Freddie Mac to be ready for a release". This item was removed of the final version of the FHFA 2022-2026 plan.Write letters to the members of Congress and ask for it. And this is an answer to the Warren Davidson yesterday's question to Treasury.
He also mentioned that this release is long overdue. Underscore it in Your letters.
Letter is even better than e-mail. Hundreds of e-mails per day,could be easily overlooked.
One more topic to be added: in 2021 draft of the FHFA 2022-2026 plan included an item" Prepare Fannie Mae and Freddie Mac to be ready for a release". This item was removed of the final version of the FHFA 2022-2026 plan.
And this is an answer to the Warren Davidson yesterday's question to Treasury.
It doesn't matter, pressure needs to be applied to force them to resolve this issue.
Everything depends on Davidson's and some other's activity. Treasury needs to feel pressure.
To get them out of Conservatorship it needs to be included onto existing FHFA 2022-2026 Plan.
And it should be done ASAP.
Let's see if Davidson would proceed with his effort.
The only exception would be if Davidson ask to include FNMA/FMCC release onto FHFA existing plan for 2022-2026. Not only ask, but it would be done, which is questionable.
Join the conversation as FHFA hosts a public listening session on the 2022-2024 Equitable Housing Finance Plans on June 15, 2023. It's even a better FHFA plan to include FNMA/FMCC release.
To get them out of Conservatorship it needs to be included onto existing FHFA 2022-2026 Plan.
And it should be done ASAP.
Everybody who could do it, please send a letter or email to Davidson ASAP. He would be aware,
that shareholders are really interested in the FNMA/FMCC release.
Contact congressman Davidson,just write him a letter. Since he asked this question, just asked him to
continue communicate with Tresuary.
Nobody knows how long would take this "work with congress ". But at least, it could have a minor impact on FNMA/FMCC PPS.
In 2019 SCOTUS sent that part of the case back to lower courts to determine if investors could get relief based on constitutional claims. Lamberth was assigned to resolved it. Now is June of 2023 and it's still
unresolved.
It's funny to read, that FNMA shares to sell at $0.44. That's true - FNMA shareholders are in a very bad situation, but to sell at this price
is ridiculous. But It's everyone's choice.
One more time, it's just a shame what's going on with FNMA/FMCC. And now investors would think not twice,but 10 times prior to buy US stocks
That's true: Lamberth will be another waste of time. But there is a minor chance, that FMCC commons shareholders would get a small reward, it's a jury court.
But overall, it's just a shame what's going on with FNMA/FMCC.
It's either 2025 if Trump is back, or possibly 2028 when warrants to be in play
FMCC commons are part of the Lamberth court, that would start on July 24th. And it's a jury court. I'm not optimistic about the outcome of this court, but there is hope,that FMCC commons shareholders would get some reward. And it could have an impact on both FMCC/FNMA shares PPS. Again it would be a minimal impact,but it's better than nothing.
It's another PUMP and DUMP case, that happened (manipulation) once a month. Be careful.
Average FNMA volume 2.5-2.7M. It looks like, that this PUMP and DUMP being executed automatically,
as per trade processing algoritm.
So far it's a PUMP and DUMP case,but wait until 4 PM.
It could be another PUMP and DUMP case, that happened (manipulation) once a month. Be careful.
It's not done just for fun. Somebody became rich from it. And it's group of people,not a one person.
Someday we would find out who was involved in this activity.
FNMA and FMCC trading processing are managed by the same team,and therefore either manually or
automatically controlled. My guess it's done automatically. Low volume represent investors ignorance
of FNMA/FMCC trading due to companies current status.
It was mentioned, that Lamberth pre-trial conference would occur on July 10. But Lamberth July 10th schedule doesn't include pre-trial conference.
Court session is scheduled to start on July 24th.
.
What's interesting,that in 2008 a lot of financial companies,that failed a stress test, got the money from Treasury. Paid this loan back and some extra money within a few years. Those companies PPS doubled and tripled since 2008. The only exceptions are FNMA/FMCC and their shareholders.
I'd like to get some reward while I'm still alive, not when my grandchildrens will get it.
I completely disagree with you.
So what,don't You see what's going on with FNMA/FMCC now. 2028 expiration date could be postponed, if the team that handle FNMA/FMCC will be interested in doing it.