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This is the most obvious question for @FHFA, articulated by Tim Howard (Fannie's ex-CFO).
— Alec Mazo (@Alec_Mazo) February 8, 2024
Why would you incentivize Fannie/Freddie to issue money-losing credit risk transfer deals ($33 paid for every $1 of protection) while claiming to be a world-class regulator supervising… pic.twitter.com/Jry9Cvjg9j
Fannie Mae announces Sale of Non-Performing Loans ...
Fannie Mae Announces Sale of Non-Performing Loans
— Cmdr Ron Luhmann (@usnavycmdr) February 8, 2024
February 8, 2024
NPL 2024-1 Includes the Company's Twenty-Third Community Impact Pool Offeringhttps://t.co/8gba7IgfiO
Mnendez now ASKING Sec YELLEN about HOUSING !
Delta (Gap) between Freddie vs Fannie now .25 !
Fannie 1.28 vs Freddie 1.035
we should see this GAP close up very soon !
Booom ! 3 Minutes to Janet Yellen Hearing
(pressed on Fannie / Freddie Plan) - Link Below:
https://www.banking.senate.gov/hearings/02/01/2024/the-financial-stability-oversight-council-annual-report-to-congress
Boooom ! Q-tip Yellen on 2021 overdue Required Plan to
END THE CONSERVATORSHIP - we'll see if it
continues during TODAY's HEARING ! - if she did
any Homework to answer the REQUIRED PLAN !
Rep. Davidson (R-OH) pressed Treasury Sec. Yellen on overdue report to end GSE conservatorships,due Sept. 30,2021.Yellen dismissed it as a prior administration's promise,pledging to work with Congress.Davidson stressed its statutory duty. $FNMA #FANNIEGATE https://t.co/3KABfPHE9z
— Fanniegate Hero (@DoNotLose) February 6, 2024
$FMCC $FNMA @SecYellen will testify before @SenateBanking tomorrow morning at 9 am.
— Patrick (@InvestIt3) February 8, 2024
hearing | Hearings | United States Committee on Banking, Housing, and Urban Affairs https://t.co/4xbu0HjoB0
Boooom ! Q-tip Yellen on overdue Required Plan to
END THE CONSERVATORSHIP - we'll see if it
continues during TODAY's HEARING ! - if she did
any Homework to answer the REQUIRED PLAN !
Rep. Davidson (R-OH) pressed Treasury Sec. Yellen on overdue report to end GSE conservatorships,due Sept. 30,2021.Yellen dismissed it as a prior administration's promise,pledging to work with Congress.Davidson stressed its statutory duty. $FNMA #FANNIEGATE https://t.co/3KABfPHE9z
— Fanniegate Hero (@DoNotLose) February 6, 2024
$FMCC $FNMA @SecYellen will testify before @SenateBanking tomorrow morning at 9 am.
— Patrick (@InvestIt3) February 8, 2024
hearing | Hearings | United States Committee on Banking, Housing, and Urban Affairs https://t.co/4xbu0HjoB0
Janet Yellen on GSEs ...
Yellen: "This is not a matter that I'm up to speed on. I'm not knowledgeable about this. I have a staff that spends a great deal of time thinking about it but I've not had a discussion with them about this. I would appreciate it if I could get back to you on this matter."
— Fanniegate Hero (@DoNotLose) February 8, 2024
The Financial Stability Oversight Council Annual Report to Congress
DATE: Thursday, February 8, 2024
TIME: 09:00 AM
LOCATION: Dirksen Senate Office
https://www.banking.senate.gov/hearings/02/01/2024/the-financial-stability-oversight-council-annual-report-to-congress
FMCC ...
https://stockinvest.us/stock/FMCC
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled.
Given the current short-term trend, the stock is expected to rise 70.58% during the 3 months and, with a 90% probability hold a price between $1.59 and $2.17 at the end of this 3-month period.
Booooom again ! - GSE CRT Issuance Limited in 2023
Booooom ! Anticipation Grows for End of GSE Conservatorship ! ...
February 7, 2024 - Dennis Hollier - dhollier@imfpubs.com
Fannie Mae CEO Priscilla Almodovar got tongues wagging recently when
she hinted that maybe the time has come to end the conservatorship of the
government-sponsored enterprises.
“Conservatorship was never meant to be permanent, right?” she asked
rhetorically in an interview with Bloomberg. She also summarized the
argument for the GSEs’ release, noting, “Someone somewhere has not
taken a victory lap for the work that has been done to rehabilitate
the enterprises.”
The re-election prospects of former President Trump are providing hope
to some GSE investors and shareholders that he will end the
conservatorship if elected president again.
The evidence of this is the recent swings in the stock prices of Fannie
and Freddie Mac. After trundling along in the low-$2 range since the
Supreme Court’s 2021 decision in Collins v. Yellen scuttled the
directorship of Mark Calabria, Fannie preferred shares shot up to
$4.57 a share in the wake of Trump’s victory in the Iowa caucuses
on Jan. 18.
Freddie Forecast & Data - Read & Heed ...
https://stockinvest.us/stock/FMCC
This February 26th will be ten years since we filed our first derivative complaint on behalf of our company, Freddie Mac. And the fight continues. Cheers.https://t.co/vDhE1lz7Dr
— Bryndon Fisher (@bryndonfisher) February 6, 2024
This February 26th will be ten years since we filed our first derivative complaint on behalf of our company, Freddie Mac. And the fight continues. Cheers.https://t.co/vDhE1lz7Dr
— Bryndon Fisher (@bryndonfisher) February 6, 2024
actually talking about it in Congress
Rep. Davidson (R-OH) pressed Treasury Sec. Yellen on overdue report to end GSE conservatorships,due Sept. 30,2021.Yellen dismissed it as a prior administration's promise,pledging to work with Congress.Davidson stressed its statutory duty. $FNMA #FANNIEGATE https://t.co/3KABfPHE9z
— Fanniegate Hero (@DoNotLose) February 6, 2024
yup ... while interest grows at $50,000 a day ...
Is the Biden Administration arguing about $200k on a ~$800m+ allocation plan after losing a fair dealings lawsuit where FHFA clearly violated shareholder rights when it initiated the net worth sweep after Fannie/Freddie were about to reverse the deferred tax asset write-downs… pic.twitter.com/dLeon93XMg
— Alec Mazo (@Alec_Mazo) February 6, 2024
as expected and posted it yesterday
Gov files for more opposition & more Delays -
*******************************************************************************************************************
Monday, February 05, 2024 7:47:20 AM - Post# 785087 of 785239
Do you really think the Govt goons are not going to delay again with
opposition & issues on Allocation Plan ? after 10yrs they're suddenly going to be
"reasonable" - change their tune and NOT generate more Billable Hours?
**************************************************************************************************************************
Gov filed 27 page plus Attachments & Exhibits in opposition to motion for Allocation Plan as expected ... https://t.co/c1Tqb8EB7H
— Cmdr Ron Luhmann (@usnavycmdr) February 6, 2024
Gov filed 27 page plus Attachments & Exhibits in opposition to
motion for Allocation Plan as expected ...
Gov filed 27 page plus Attachments & Exhibits in opposition to motion for Allocation Plan as expected ... https://t.co/c1Tqb8EB7H
— Cmdr Ron Luhmann (@usnavycmdr) February 6, 2024
Warrants are no longer an issue after the jury decided the 3rd amendment deal is unfair, re-distributing the $300B+ is, as it instantly recapitalizes the companies and makes conservatorship obsolete instantly, what they did never could have happened by jury court order
— Ano (@Ano3020100) February 5, 2024
As the cliche goes, it’s not the crime, it’s the coverup. It was always absurd & illegal for an undercapitalized lender to pay cash dividends. They took 5 years to obscure govt illegality imposed on the GSEs.
— David Fiderer (@Ny1david) February 5, 2024
'They took 5 years to obscure govt illegality imposed on the GSEs.'
— Bryndon Fisher (@bryndonfisher) February 5, 2024
I think it's been continuous illegality from September 2008 to the present.
.@MarkCalabria Your recent comments on exiting conservatorship directly collide with FHFA and the CEO of FNMA. You had your chance. If it is long (15 years) it is wrong. Scant interest in your book underscores your race to obscurity. Ever hear of quit while you're ahead?
— Fanniegate Hero (@DoNotLose) February 5, 2024
Boooom! inside mortgage finance
The GSEs Have Been Profitable Since 2012.
Maybe It’s Time to End the Conservatorships ?
Monday Feb 5th, 2024 - dhollier@imfpubs.com
Fannie Mae CEO Priscilla Almodovar set tongues wagging recently when she hinted that maybe the time has come to end the 15-year old conservatorships of the government-sponsored enterprises.
“Conservatorship was never meant to be permanent, right?” she asked rhetorically in an interview with Bloomberg. She also summarized the argument for the GSEs’ release, noting, “Someone somewhere has not taken a victory lap for the work that has been done to rehabilitate the enterprises.”
This was precisely the sort of public commentary that former Federal Housing Finance Agency Director James Lockhart recently told Inside Mortgage Finance the GSEs should be engaging in. He said that, despite the edict against lobbying by the GSEs, as long as they don’t ask for specific votes, it’s fine for them to educate Congress and the public about issues like the conservatorship.
Almodovar was careful not to cross the forbidden line into outright lobbying, noting that her job is to manage the company and leave the issue of the conservatorships “for policymakers to decide.”
Freddie Mac Expands Assistance for Very Low-Income Purchase Borrowers
Announces $2,500 credit to help with down payment and other closing costs
MCLEAN, Va., Feb. 05, 2024 (GLOBE NEWSWIRE)
MCLEAN, Va., Feb. 05, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) continued its longstanding support for low-income families, announcing today that potential homebuyers earning 50% of area median income or less are eligible for a $2,500 credit that may help with down payment and other costs at closing. The initiative will extend more broadly to very low-income families who qualify for the company’s Home Possible® and HFA Advantage® products.
“Today’s announcement is a vital lifeline for would-be homeowners, as studies show that down payment and closing costs are among the largest barriers to homeownership for very low-income homebuyers,” said Sonu Mittal, SVP and head of Single-Family Acquisitions at Freddie Mac. “Our commitment to supporting these families runs deep, as we have provided assistance to this population through various programs since 2018. We are pleased to now make this assistance more broadly available to borrowers through our Home Possible program.”
Effective March 1, 2024, the credit will be available for very low-income borrowers earning 50% of area median income or less who are purchasing a home, provided certain requirements are met. Funds can be used in several ways, including down payment, closing costs, escrow and mortgage insurance premiums. It will be available across Freddie Mac’s Home Possible® and HFA Advantage® mortgage products.
The announcement comes after a strong 2023 for Freddie Mac, with the company financing approximately 800,000 home purchases. First-time homebuyers represented approximately 51% of those purchases, the highest percentage since the company started tracking that statistic three decades ago. In addition, the company expects it will achieve all of its 2023 affordable housing goals set by the Federal Housing Finance Agency.
Mittal added, “This new effort continues the progress we made in 2023 and is particularly important in today’s housing market, where elevated rates and low supply have created affordability challenges for many families. We look forward to announcing additional ways to support low-income borrowers in the months ahead.”
The credit will be available through Freddie Mac’s Home Possible mortgage product, which offers options and credit flexibilities to help very low- to low-income borrowers attain homeownership with a downpayment as little as 3%. It also will be available through Freddie Mac’s HFA Advantage® mortgage product, which is available exclusively to housing finance agencies (HFAs) seeking strategic solutions to expand homeownership responsibly.
The initiative is part of Freddie Mac’s longstanding efforts to make homeownership more accessible for low-income families. Recently, Freddie Mac announced DPA One®, a free, innovative tool that aggregates and showcases down payment assistance programs on a single, insights-rich platform. This allows lenders to easily access and compare programs while providers can have less submission errors, make real-time updates, and receive more visibility for their programs.
Freddie Mac’s mission is to make home possible for families across the nation. We promote liquidity, stability, affordability and equity in the housing market throughout all economic cycles. Since 1970, we have helped tens of millions of families buy, rent or keep their home. Learn More: Website | Consumers | Twitter | LinkedIn | Facebook | Instagram | YouTube
MEDIA CONTACT: Christopher Spina
703-388-7031
Christopher_Spina@FreddieMac.com
Freddie Mac Expands Assistance for Very Low-Income Purchase Borrowers
Announces $2,500 credit to help with down payment and other closing costs
MCLEAN, Va., Feb. 05, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) continued its longstanding support for low-income families, announcing today that potential homebuyers earning 50% of area median income or less are eligible for a $2,500 credit that may help with down payment and other costs at closing. The initiative will extend more broadly to very low-income families who qualify for the company’s Home Possible® and HFA Advantage® products.
“Today’s announcement is a vital lifeline for would-be homeowners, as studies show that down payment and closing costs are among the largest barriers to homeownership for very low-income homebuyers,” said Sonu Mittal, SVP and head of Single-Family Acquisitions at Freddie Mac. “Our commitment to supporting these families runs deep, as we have provided assistance to this population through various programs since 2018. We are pleased to now make this assistance more broadly available to borrowers through our Home Possible program.”
Effective March 1, 2024, the credit will be available for very low-income borrowers earning 50% of area median income or less who are purchasing a home, provided certain requirements are met. Funds can be used in several ways, including down payment, closing costs, escrow and mortgage insurance premiums. It will be available across Freddie Mac’s Home Possible® and HFA Advantage® mortgage products.
The announcement comes after a strong 2023 for Freddie Mac, with the company financing approximately 800,000 home purchases. First-time homebuyers represented approximately 51% of those purchases, the highest percentage since the company started tracking that statistic three decades ago. In addition, the company expects it will achieve all of its 2023 affordable housing goals set by the Federal Housing Finance Agency.
Mittal added, “This new effort continues the progress we made in 2023 and is particularly important in today’s housing market, where elevated rates and low supply have created affordability challenges for many families. We look forward to announcing additional ways to support low-income borrowers in the months ahead.”
The credit will be available through Freddie Mac’s Home Possible mortgage product, which offers options and credit flexibilities to help very low- to low-income borrowers attain homeownership with a downpayment as little as 3%. It also will be available through Freddie Mac’s HFA Advantage® mortgage product, which is available exclusively to housing finance agencies (HFAs) seeking strategic solutions to expand homeownership responsibly.
The initiative is part of Freddie Mac’s longstanding efforts to make homeownership more accessible for low-income families. Recently, Freddie Mac announced DPA One®, a free, innovative tool that aggregates and showcases down payment assistance programs on a single, insights-rich platform. This allows lenders to easily access and compare programs while providers can have less submission errors, make real-time updates, and receive more visibility for their programs.
Freddie Mac’s mission is to make home possible for families across the nation. We promote liquidity, stability, affordability and equity in the housing market throughout all economic cycles. Since 1970, we have helped tens of millions of families buy, rent or keep their home. Learn More: Website | Consumers | Twitter | LinkedIn | Facebook | Instagram | YouTube
MEDIA CONTACT: Christopher Spina
703-388-7031
Christopher_Spina@FreddieMac.com
Do you really think the Govt goons are not going to delay again with
opposition & issues on Allocation Plan ? after 10yrs they're suddenly going to be
"reasonable" - change their tune and NOT generate more Billable Hours?
Gov goon strategy of delay cases until retirement or death seems to
be working for them ... yet another Plaintiff lawyer leaves
you've been here looooong enuf to know ... if this was a true bullish run
we would have a couple Mil vol by now ... we don't - trade accordingly
Monday deadline could easily bring more Gov goon lawyer / Lamberth delays
FMCC Stock Forecast - $1.05 +0.0200 (+1.94%) - At Close: Feb 01, 2024
https://stockinvest.us/stock/FMCC
Trading Expectations (FMCC) For The Upcoming Trading Day Of Friday 2nd
For the upcoming trading day on Friday, 2nd we expect Federal Home Loan Mortgage Corp to open at $1.04, and during the day (based on 14 day Average True Range), to move between $0.96 and $1.14, which gives a possible trading interval of +/-$0.0865 (+/-8.24%) up or down from last closing price. If Federal Home Loan Mortgage Corp takes out the full calculated possible swing range there will be an estimated 16.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.13 (7.95%) than the support at $0.90 (14.05%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
The Federal Home Loan Mortgage Corp stock price gained 1.94% on the last trading day (Thursday, 1st Feb 2024), rising from $1.03 to $1.05. During the last trading day the stock fluctuated 6.25% from a day low at $1.00 to a day high of $1.06. The price has risen in 7 of the last 10 days and is up by 16.67% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 998 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $2.12 million.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 60.99% during the next 3 months and, with a 90% probability hold a price between $1.40 and $1.98 at the end of this 3-month period.
FMCC Signals & Forecast
The Federal Home Loan Mortgage Corp stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $1.08. On a fall, the stock will find some support from the long-term average at approximately $0.85. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, January 24, 2024, and so far it has fallen -11.39%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Monday, July 10, 2023 in the long-term chart.
Support, Risk & Stop-loss for Federal Home Loan Mortgage Corp stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.90 and $0.85. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Federal Home Loan Mortgage Corp finds support just below today's level at $0.90. If this is broken, then the next support from accumulated volume will be at $0.85 and $0.80.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0624 between high and low, or 6.25%. For the last week, the stock has had daily average volatility of 8.67%.
Our recommended stop-loss: $0.99 (-5.60%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 6 days ago.)
Trade / Invest with tangible facts - NOT yer emotions
if yer a TRADER or a long term investor - adjust accordingly
without significant "news" or increasing "volume" - short term
the TWINS are at the mercy of Lemmings - the MM's & Shorts -
Chart points of interest -
$Price popped Well Above Upper Bollinger Band
Chart prices crossed below the 200 DMA
Volume has decreased significantly - TRADE ACCORDINGLY
RSI has been on a 3 day downward trend