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Fannie Mae Reports Net Income of $4.0 Billion for Third Quarter 2019 $FNMA https://seekingalpha.com/pr/17681760
Shelley from Yahoo message board
Supreme Court Yes. They broke the law.
They could have put the Fannie Mae / Federal National Mortgage and Freedie Mac into receivership and liquidated them. They could have done it. The problem is they DIDN’T do it. They put them into conservatorship and by doing so by law have an obligation “to preserve the value of the assets for stakeholders”. What they then did with the 3rd Amendment is to begin to perform a de facto receivership on Fannie Mae and Freddie Mac’s by slowly liquidating them by transferring their wealth to the Treasury. That is a “no-no”.
Receivership and Conservatorship are two VERY different things. There are very different requirements of the Conservator and the Receiver. A receiver receives the assets to dispose of them, the conservator becomes a steward of the assets to preserve them. The two are not remotely related. What the gov’t did with the 3rd Amendment is turn a conservatorship into a receivership. They do not have the right to do that. THAT is that these lawsuits are about.
The government continues to argue “we said we could do it so we did it, end of story”. Unfortunately, there is thing called the rule of law and even our gov’t is beholden to it. This is the reason these cases keep moving forward. I would expect that as long as the government continues to make the same arguments going forward we should see the same results from the Supreme Court.
Mnuchin vs Collins
$FNMA $FMCC Mnuchin v. Collins https://t.co/dn5jpXj5UU pic.twitter.com/fmgPkUhfXI
— InvestIt (@FNMA_RRR) October 30, 2019
The Solicitor General has filed a petition for cert--that is, an appeal to the Supreme Court--in Mnuchin v. Collins, the 5th Circuit Fannie Mae/Net Worth Sweep case.
https://twitter.com/carney/status/1189331732325109761?s=21
Lol. Intrinsic value is $18.50, but being OTC it is $3.06.. have to get out of OTC.
Fannie, Freddie Told To Prepare For Return To Private Sector
$FNMA $FMCC Fannie, Freddie Told To Prepare For Return To Private Sector https://t.co/sdDeFmQces
— InvestIt (@FNMA_RRR) October 28, 2019
$fnma #fanniegate
— Fanniegate Hero (@DoNotLose) October 28, 2019
Read: https://t.co/O6wXQlZtAX
Director is speaking at @CLPHA’s Fall Membership Meeting about how “FHFA will continue to ensure that the Enterprises work with stakeholders, like PHAs, to provide liquidity to underserved markets.” pic.twitter.com/ft7Uh7TA4x
— FHFA (@FHFA) October 25, 2019
Atlantic City interview 14:30-34:45.
Mark Calabria
https://twitter.com/holdenwalker99/status/1187396174682173441?s=21
Wazee hearing
$FNMA #FANNIEGATE 18-cv-03478-0039Download
— Fanniegate Hero (@DoNotLose) October 23, 2019
1 https://t.co/wesz5leLTc
Bloomberg at it again. WTH
https://twitter.com/edexheimer/status/1186684658270035974?s=21
Tomorrow hearing
Just a preview of Sec. Mnuchin’s testimony for tomorrow’s hearing in the House Financial Services Committee on the administration’s housing plan, titled “The End of Affordable Housing?” If this is any indication, it should be a fiery one. pic.twitter.com/pFErpCjE38
— Hannah Lang (@hannahdlang) October 21, 2019
There’s light at the end of the tunnel for GSE Investors
Tim Pagliara: There's light at the end of the tunnel for Fannie Investors https://t.co/Yr7466j6NV via @valuewalk
— GSE Restoration Team (@JohnDee78791547) October 21, 2019
Hello Navy, how do u see settlement being played out for commons.
SCOTUS wants to know whether, if it destroys the CFPB for being too independent of the president, it ought to strike down the Dodd-Frank Act too.
SCOTUS wants to know whether, if it destroys the CFPB for being too independent of the president, it ought to strike down the Dodd-Frank Act too. https://t.co/QFSKel2Ck5 pic.twitter.com/2dHdvB2GxX
— southpaw (@nycsouthpaw) October 18, 2019
BREAKING: Supreme Court agrees to consider curbing independence of Consumer Financial Protection Bureau. Case could give president broad power to fire director.
BREAKING: Supreme Court agrees to consider curbing independence of Consumer Financial Protection Bureau. Case could give president broad power to fire director.
— Greg Stohr (@GregStohr) October 18, 2019
so basically fannie mae's capital buffer is 25>22 and freddie mac's is 20>18... so the existing capital buffers move them to undercapitalized once hit.. not to mention the probability/possibility of gses getting DTAs from Treasury to settle lawsuits for illegal nws #FANNIEGATE https://t.co/JVjRydQaji
— Fanniegate Hero (@DoNotLose) October 17, 2019
$FNMA $FMCC And by definition, reform by administrative means – with no change in legislation – builds upon the two existing GSEs. Indeed, all the forces seem to be coming together for housing finance to be GSE-based for a long time to come.https://t.co/N96qmnyRcm
— InvestIt (@FNMA_RRR) October 15, 2019
#FANNIEGATE
— Fanniegate Hero (@DoNotLose) October 15, 2019
Read: https://t.co/pQSRnGzVXU
Tomorrow at 8a ET: U.S. Treasury Secretary Steven Mnuchin joins @SquawkCNBC live. pic.twitter.com/gexyx3gBVI
— CNBC (@CNBC) October 13, 2019
$FNMA $FMCC
— InvestIt (@FNMA_RRR) October 10, 2019
(Tonight After Hours)
Meet the Policymakers Forum with Dr. Mark A. Calabria
George Mason University's Arlington Campus, Van Metre Hall Auditorium (Previously Founders Hall)
Thursday, October 10, 2019
5:00 - 6:00 pmhttps://t.co/zShIOTS0Gs
White Paper - FHFA
https://www.fhfaoig.gov/reports/whitepapers
Now that Fannie Mae and Freddie Mac will be allowed to retain the majority of their earnings, it’s unclear if the GSE shareholders seeking a Supreme Court review of Collins v. Mnuchin will continue to pursue their case … or if SCOTUS will hear it https://t.co/uPIGorbr1t
— InMortgageFinance (@IMFpubs) October 8, 2019
$FNMA $FMCC Tilson shares his thesis on Fannie Mae at the Stansberry conferencehttps://t.co/RcoipBfPM9
— InvestIt (@FNMA_RRR) October 8, 2019
Frannie: FHFA's Financial Advisor And Restoring Rule Of Law $FNMA https://seekingalpha.com/article/4295399
Hiring an FA gives @FHFA and Administration non-political backing to act on recommendations from @USTreasury report. https://t.co/oB2sJsyi3A #GSEs https://t.co/pbtGodMNNF
— ACG Analytics (@ACGAnalytics) October 4, 2019
The FHFA indicated today that it is looking to hire a financial advisor to work on
— Fanniegate Hero (@DoNotLose) October 4, 2019
advising the FHFA on recapitalizing the GSEs. The notice released by the FHFA
stated that it is seeking the services of a contractor to provide financial institutions,
capital markets, and restruct
The FHFA indicated today that it is looking to hire a financial advisor to work on
— Fanniegate Hero (@DoNotLose) October 4, 2019
advising the FHFA on recapitalizing the GSEs. #fanniegate $fnma
New SCOTUS petition: CFPB enforcement must be undone if agency is unconstitutional
https://www.reuters.com/article/us-otc-cfpb-idUSKBN1WG4QM
Treasury Department and FHFA Modify Terms of Preferred Stock Purchase Agreements for Fannie Mae and Freddie Mac
@TreasuryDepartment and @FHFA Modify Terms of Preferred Stock Purchase Agreements for Fannie Mae and Freddie Mac | U.S. Department of the Treasury #FannieGate $fnma $fmcc https://t.co/EGDFQEp6EH
— Free Fannie (@FreeFannie) October 1, 2019
Once Supreme Courts says unconstitutional, MC can say Meom and bankruptcy if all I care.
Former Freddie Mac CEO says time is running out for housing finance reform
https://www.housingwire.com/articles/former-freddie-mac-ceo-says-time-is-running-out-for-housing-finance-reform/
Monday After Hours
— InvestIt (@FNMA_RRR) September 27, 2019
Predictions before trading
A. LOA on Monday before bell
B. Settlement
C. Ignore En banc and proceed with sweep
I say A.
$FNMA $FMCC "Investors aren’t going to be comfortable bringing their private capital to the market if there’s a significant possibility for radical change in direction between Administrations, he noted."https://t.co/bnaLK1TIMS
— InvestIt (@FNMA_RRR) September 27, 2019
No clue, but feeling is they want to get something that would be within there benefit also. Calabria and Mnuchin are going to do what their boss tells them. They basically are Uber Drivers. No offense to Uber drivers
Have a good feeling it will happen tomorrow after bell. John Paulson and couple other hush hush hedge probably joined yesterday to greet the president.