active long
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IMO - Hamish Hume pessimistic comments during Tim Rood tanked the share price today - whaddya think ?
https://open.spotify.com/episode/1EBGbLEYNbfzByGiNd388P
/usnavycmdr/status/1773537419913998701?t=Ore2RrfVt-z8p95ywsv0WQ&s=19
Tim Rood interview w Hamish Hume
Hamish Hume, Partner, Boies Schiller Flexner LLP Flexner, talks about his successful $612 million, breach-of-contract lawsuit on behalf of shareholders of Fannie Mae and Freddie Mac, in the latest episode of On the Hill. https://t.co/nVPM0iMuTw
— Tim Rood (@tim_rood_) March 28, 2024
I got a similar reply ...
agree - today graphically illustrates for the
SEC - MY formal complaint and others
from the IHUB board of wild price
swings & illegal OTCBB naked shorting of
Fannie / Freddie Common stock ...
see if it gets any traction at all
fannie/freddie delta now is only .18 ...
Common sense tells us that owners of the Company stand to benefit the most of exiting Conservatorship in an amicable way as to avoid barriers and conflict. Commons have unlimited ceiling in the sense the market will re-price the total market value where GSE are free enterprises.
— David Kounlavong (@KounlavongDavid) March 27, 2024
Common sense tells us that owners of the Company stand to benefit the most of exiting Conservatorship in an amicable way as to avoid barriers and conflict. Commons have unlimited ceiling in the sense the market will re-price the total market value where GSE are free enterprises.
— David Kounlavong (@KounlavongDavid) March 27, 2024
— Alec Mazo (@Alec_Mazo) March 26, 2024
— Alec Mazo (@Alec_Mazo) March 26, 2024
— Alec Mazo (@Alec_Mazo) March 26, 2024
— Alec Mazo (@Alec_Mazo) March 26, 2024
— Alec Mazo (@Alec_Mazo) March 27, 2024
— Alec Mazo (@Alec_Mazo) March 26, 2024
— Alec Mazo (@Alec_Mazo) March 26, 2024
— Alec Mazo (@Alec_Mazo) March 26, 2024
— Alec Mazo (@Alec_Mazo) March 26, 2024
— Alec Mazo (@Alec_Mazo) March 27, 2024
Fannie mae admits their massive Rate prediction mistake ...
listen to the end where Veterans get screwed by new rules ...
Fannie mae admits their massive Rate prediction mistake ...
listen to the end where Veterans get screwed by new rules ...
FHFA releases fourth quarter foreclosure report for Fannie Mae, Freddie Mac
BY DAVE KOVALESKI - MARCH 27, 2024
Fannie Mae and Freddie Mac completed 43,903 foreclosure prevention actions during the most recent quarter, according to the Federal Housing Finance Agency’s (FHFA) fourth quarter 2023 Foreclosure Prevention and Refinance Report.
The report also shows that 31 percent of loan modifications completed in the fourth quarter reduced borrowers’ monthly payments by more than 20 percent. Overall, the total number of homeowners who have been helped has climbed to 6,905,703 since the start of conservatorships in September 2008.
Among other highlights, the report found that the serious delinquency rate increased slightly from 0.54 percent to 0.55 percent at the end of the fourth quarter. However, this compares with 3.42 percent for Federal Housing Administration (FHA) loans, 2.01 percent for Veterans Affairs (VA) loans, and 1.52 percent for all loans.
In addition, the number of refinances decreased from 83,522 in the third quarter of 2023 to 71,378 in the fourth quarter of 2023.
Further, there were 42,194 loans in forbearance, representing approximately 0.14 percent of the two enterprises’ single-family conventional book of business. This is down from 47,672 or 0.15 percent at the end of the third quarter of 2023. Roughly 2 percent of these loans have been on a forbearance plan for more than 12 months.
In addition, the 60+ day delinquency rate increased slightly from 0.73 percent at the end of the third quarter of 2023 to 0.77 percent at the end of the fourth quarter of 2023.
Also, the number of foreclosure starts decreased 4 percent to 18,731 while third-party and foreclosure sales fell 9 percent to 3,282 in the fourth quarter. Additionally, real estate owned (REO) activity & inventory decreased 1.1 percent from 11,019 in the third quarter of 2023 to 10,902 in the fourth quarter of 2023, as property dispositions outpaced acquisitions.
FHFA releases fourth quarter foreclosure report for Fannie Mae, Freddie Mac
BY DAVE KOVALESKI - MARCH 27, 2024
Fannie Mae and Freddie Mac completed 43,903 foreclosure prevention actions during the most recent quarter, according to the Federal Housing Finance Agency’s (FHFA) fourth quarter 2023 Foreclosure Prevention and Refinance Report.
The report also shows that 31 percent of loan modifications completed in the fourth quarter reduced borrowers’ monthly payments by more than 20 percent. Overall, the total number of homeowners who have been helped has climbed to 6,905,703 since the start of conservatorships in September 2008.
Among other highlights, the report found that the serious delinquency rate increased slightly from 0.54 percent to 0.55 percent at the end of the fourth quarter. However, this compares with 3.42 percent for Federal Housing Administration (FHA) loans, 2.01 percent for Veterans Affairs (VA) loans, and 1.52 percent for all loans.
In addition, the number of refinances decreased from 83,522 in the third quarter of 2023 to 71,378 in the fourth quarter of 2023.
Further, there were 42,194 loans in forbearance, representing approximately 0.14 percent of the two enterprises’ single-family conventional book of business. This is down from 47,672 or 0.15 percent at the end of the third quarter of 2023. Roughly 2 percent of these loans have been on a forbearance plan for more than 12 months.
In addition, the 60+ day delinquency rate increased slightly from 0.73 percent at the end of the third quarter of 2023 to 0.77 percent at the end of the fourth quarter of 2023.
Also, the number of foreclosure starts decreased 4 percent to 18,731 while third-party and foreclosure sales fell 9 percent to 3,282 in the fourth quarter. Additionally, real estate owned (REO) activity & inventory decreased 1.1 percent from 11,019 in the third quarter of 2023 to 10,902 in the fourth quarter of 2023, as property dispositions outpaced acquisitions.
2 posts per day on FNMA board
$Booooom !
Fannie - BID X ASK = $1.87 X $1.89
Freddie - BID X ASK = $1.62 X $1.68
it was Deleted as off topic ... lol
dunno - Pagliara video not available
very typical Skateboard cryptic tactic
instead of just posting what the news
Skateboard is touting Pags on Fannie Board - CNBC TV ...
I'm out of posts to put it on the Fannie Board ...
https://t.co/NbD0k7bHKR pic.twitter.com/0okrsnRR3b
— Fanniegate Hero (@DoNotLose) March 26, 2024
Freddie Mac mortgage portfolio climbs 0.5%, annualized rate, in February
Mar. 25, 2024 4:42 PM ET
By: Liz Kiesche, SA News
--- Freddie Mac's (OTCQB:FMCC) total mortgage portfolio grew at an annualized rate of 0.5% in February to $3.487T, rebounding from a 0.7% contraction in January, the mortgage giant said on Monday.
--- Single-family refinance loan purchase and guarantee volume was $2.9B, representing 15% of total
Freddie Mac mortgage portfolio climbs 0.5%, annualized rate, in February
Mar. 25, 2024 4:42 PM ET
By: Liz Kiesche, SA News
--- Freddie Mac's (OTCQB:FMCC) total mortgage portfolio grew at an annualized rate of 0.5% in February to $3.487T, rebounding from a 0.7% contraction in January, the mortgage giant said on Monday.
--- Single-family refinance loan purchase and guarantee volume was $2.9B, representing 15% of total
$Short $Takes: $A $Nice Gain for the $GSEs
A Reward From the Court
Have you looked at the share prices of Fannie Mae and Freddie Mac
of late? At press time Monday, Fannie common was trading for $1.89,
a few pennies below its yearly high. Its low: 39 cents. Freddie’s common
has similar metrics. Both of these mortgage giants — wildly profitable
since 2012 — are wards of the federal government, having been declared
insolvent back during the housing/subprime bust of 2008…
$Short $Takes: $A $Nice Gain for the $GSEs
A Reward From the Court
Have you looked at the share prices of Fannie Mae and Freddie Mac
of late? At press time Monday, Fannie common was trading for $1.89,
a few pennies below its yearly high. Its low: 39 cents. Freddie’s common
has similar metrics. Both of these mortgage giants — wildly profitable
since 2012 — are wards of the federal government, having been declared
insolvent back during the housing/subprime bust of 2008…
Here's the actual FNMA statement from Pershing Square: Annual Report 2023 page 20-21
Fannie Mae (“Fannie”) and Freddie Mac (“Freddie”) Fannie Mae and Freddie Mac remain valuable perpetual options on the companies’ exit from conservatorship. There have been no material updates about the companies since our 2023 Semiannual Report. Pershing Square Holdings, Ltd.Both entities continue to build capital through retained earnings which have increased their combined capital to $125 billion, what is already likely a fortress-level of capital. We continue to believe that the economic and political rationale for Fannie and Freddie’s independence remains intact. The U.S. Presidential election in November 2024 may present the opportunity for a change in the status quo. Both companies’ stock price increases in 2023 and year to date reflect optimism around a potential re-privatization in the event former President Trump is re-elected. The Trump administration had begun the process of releasing Fannie and Freddie from conservatorship, a process which would likely be completed in a future Trump administration.
and.....
Last, but not least, it is important to mention the CEOs of Fannie Mae and Freddie Mac, Priscilla Almodovar and Michael DeVito, whom we have never met, get no recognition, and are underpaid because both companies remain wards of the state. These two executives run two of the most important companies in the country, critical for our unique housing finance system to remain intact, and one of the most important drivers of our economy. We should all be incredibly appreciative for their important work on our nation’s behalf. While the CEOs get most of the shoutouts, the rest of the team members ultimately do the work required to deliver the results. Thank you to all for an incredible 20 years.
https://assets.pershingsquareholdings.com/2024/03/22201541/Pershing-Square-Holdings-Ltd.-2023-Annual-Report.pdf
Fannie Freddie Youtube post .....
Freddie Mac $1.54 _-.02 _-1.28% _ 499,546 light volume _ fighting the SHORTS !
$Freddie $Mac $1.59 _+.03 _+1.92% _ 277,483 light volume
SEC Link to file a Ombuds complaint about a Security
Ombuds Matter Management System (OMMS) Submission Form:
https://omms.sec.gov/
I complained about the Huge Naked Short Volume which
has resulted in wild Fannie/Freddie Common price swings ...
These companies are NOT PENNY STOCKS - THEY ARE
Two of the Largest most profitable Financial Companies in
the ENTIRE U.S. which control 70% of the U.S. Residential
Mortgages - it NEEDS the SEC closely looking at
WHAT IS GOING ON with them ....
Here is a Link to the Allocation Plan :
https://storage.courtlistener.com/recap/gov.uscourts.dcd.160910/gov.uscourts.dcd.160910.428.1.pdf
I will copy & paste the files ...
really not important as the email ...
Here are Links for the Final Order and Plan for Allocation filed 3/20/24
please share with FNMA Board ...
Final Order :
https://apis.mail.aol.com/ws/v3/mailboxes/@.id==VjN-CgE0DBaEzAwcInCzOrzaV1kUR_2FxjpIWbr1E3uEFG7RYw_ZY5FIeha7gE-eSOsdyqtsdt-jko-uK0ko8KHOrw/messages/@.id==AJWtB8sJjld2Zf20_AZc6Jgw_Kg/content/parts/@.id==2/refresh?appid=AolMailNorrinLaunch&ymreqid=d41d8cd9-8f00-b204-1c8a-0a0000013100
Plan for Allocation:
https://apis.mail.aol.com/ws/v3/mailboxes/@.id==VjN-CgE0DBaEzAwcInCzOrzaV1kUR_2FxjpIWbr1E3uEFG7RYw_ZY5FIeha7gE-eSOsdyqtsdt-jko-uK0ko8KHOrw/messages/@.id==AJWtB8sJjld2Zf20_AZc6Jgw_Kg/content/parts/@.id==3/refresh?appid=AolMailNorrinLaunch&ymreqid=d41d8cd9-8f00-b204-1c8a-0a0000013100
reply from Hamish Hume on the next steps in this Saga ...
(please post to FNMA board - I'm out of my 2 posts for today)
*********************************************************************************************
From: Ron <navycmdr@aol.com>
Sent: Friday, March 22, 2024 11:49 AM
To: Hamish Hume <hhume@BSFLLP.com>; Samuel Kaplan <skaplan@bsfllp.com>
Subject: Final Order Finally signed - next steps timeline
G'morning ...
Now that the Final Order is finally signed by Judge Lamberth ...
What are the next steps and approximate timelines for the GSE Plaintiff
shareholders to receive Damages Allocation via their Brokerage Accounts ?
Do you have the actual amount each pref class & Freddie Common will Receive ?
I will share All the info with shareholders on the Stock Board and via "X"
Thank you ... Ron Luhmann
*********************************************************************************************
From: Hamish Hume - hhume@bsfllp.com
To: Ron ,
Samuel Kaplan
Cc: Eric Zagar ,Grant Goodhart ,Lisa Chauncey ,Dale Pedrick
Fri, Mar 22 at 9:42 AM
We unfortunately expect the Defendants to file post-judgment motions, and then an appeal.
If they do, that will lead to more delay. Post-judgment interest will accrue during that time
period. I attach the judgment ands approved plan of allocation. Notice will be provided
before any distributions are made.
Please try to include additional recipients on your emails, copied here, as it is not always
easy to keep track of all inquiries from all class members, though we certainly try to do so.
Thank you, Hamish
Hamish PM Hume Partner
BOIES SCHILLER FLEXNER LLP
1401 New York Avenue N.W.
Washington, DC 20005
(o) +1 202 274 1149
(t) +1 703 328 9651
hhume@bsfllp.com
www.bsfllp.com
**************************************************************************************************
U.S. home sales jumped almost 10 percent in February
February home sales increased 9.5%, the largest monthly gain in a year.
Rebecca Mezistrano AND Ross KohanMar 22, 2024 10:02 AM EDT
https://www.thestreet.com/video/u-s-home-sales-jumped-almost-10-percent-in-february
TheStreet’s J.D. Durkin brings the latest business headlines from the floor of the New York Stock Exchange as markets open for trading Friday, March 22.
Full Video Transcript Below:
J.D. DURKIN: I’m J.D. Durkin - reporting from the New York Stock Exchange. Here’s what we’re watching on The Street today.
Stocks are coming off a strong session with all three major averages closing at record highs for the second straight day. This optimism came after Fed Chair Jerome Powell signaled interest rate cuts in 2024. Markets are pricing in a 60 percent chance that the Fed makes its first rate cut in June.
In other news - home sales increased far more than expected in February. According to the National Association of Realtors, existing home sales rose 9.5 percent from January, with 4.38 million units being sold, despite the shorter month. It’s the second consecutive month of increased sales - and the largest month-to-month increase in 12 months.
The rise in sales comes despite housing prices remaining high. The N-A-R reported the median price of an existing home was $384,500 in February - a 5.7 percent year-over-year increase. Of the new data - the NAR’s chief economist wrote quote “Housing demand has been on a steady rise due to population and job growth, though the actual timing of purchases will be determined by prevailing mortgage rates and wider inventory choices.”
Total housing inventory jumped 5.9 percent from January to February - and is up more than 10 percent from February 2023. However, mortgage rates saw an increase after two weeks of declines - they stand at 6.87 percent, and economists don’t see them dropping below 6 percent in 2024.
That’ll do it for your daily briefing. From the New York Stock Exchange, I’m J.D. Durkin with TheStreet.
the Fannie/Freddie SHORTS & Criminal MM's on the OTCBB
don't like it when they get caught and this is how they get their money back
FNMAT - 0 volume FNMAS - 32,643 volume
3 Penny Stocks on the Brink of a 500% Rally by 2025
1d ago - By Yiannis Zourmpanos
https://investorplace.com/2024/03/3-penny-stocks-on-the-brink-of-a-500-rally-by-2025/
Despite macro-uncertainties, these three penny stocks may defy expectations and deliver significant gains.
--- Freddie Mac (FMCC): Its credit quality metrics and risk management practices improve, with a decrease in serious delinquency rates.
--- Zenvia (ZENV): Achieves a solid top-line boost based on strong demand and operational efficiency.
--- Galiano Gold (GAU): Solidifies its position by acquiring interest in the Asanko Gold Mine, attaining record mill throughput.
https://investorplace.com/2024/03/3-penny-stocks-on-the-brink-of-a-500-rally-by-2025/
In the clamor of the stock market, where massive companies frequently make the news, is the lesser-known but intriguing world of penny stocks. Three penny stocks stand out among the many as possible game changers.
The first stock, an industry mainstay, has steadily strengthened its position, paying close attention to risk management procedures and credit quality measures. Its recent decline in major delinquency rates indicates a renewed sense of resilience and sets it up for significant development.
In the meantime, application software is rising. The second stock has progressively established its niche with impressive revenue growth and operational efficiency. An increasingly complicated economic climate is driving the demand for its services.
Not to be outdone, the third one shines in the field of precious metals as a ray of hope. The company bolsters its position in the West African gold mining sector with a sizable interest in a major mine.
In short, these companies hold riches that might provide incredible rewards to those brave enough to search for them.
3 Penny Stocks on the Brink of a 500% Rally by 2025
1d ago - By Yiannis Zourmpanos
https://investorplace.com/2024/03/3-penny-stocks-on-the-brink-of-a-500-rally-by-2025/
Despite macro-uncertainties, these three penny stocks may defy expectations and deliver significant gains.
--- Freddie Mac (FMCC): Its credit quality metrics and risk management practices improve, with a decrease in serious delinquency rates.
--- Zenvia (ZENV): Achieves a solid top-line boost based on strong demand and operational efficiency.
--- Galiano Gold (GAU): Solidifies its position by acquiring interest in the Asanko Gold Mine, attaining record mill throughput.
https://investorplace.com/2024/03/3-penny-stocks-on-the-brink-of-a-500-rally-by-2025/
In the clamor of the stock market, where massive companies frequently make the news, is the lesser-known but intriguing world of penny stocks. Three penny stocks stand out among the many as possible game changers.
The first stock, an industry mainstay, has steadily strengthened its position, paying close attention to risk management procedures and credit quality measures. Its recent decline in major delinquency rates indicates a renewed sense of resilience and sets it up for significant development.
In the meantime, application software is rising. The second stock has progressively established its niche with impressive revenue growth and operational efficiency. An increasingly complicated economic climate is driving the demand for its services.
Not to be outdone, the third one shines in the field of precious metals as a ray of hope. The company bolsters its position in the West African gold mining sector with a sizable interest in a major mine.
In short, these companies hold riches that might provide incredible rewards to those brave enough to search for them.
Fannie Mae, Freddie Mac Shares Surge After Jump in Home Sales
Published: March 21, 2024 at 12:32 p.m. ET - By Will Feuer
Shares of Fannie Mae and Freddie Mac climbed to their highest levels in almost three years after the National Association of Realtors said U.S. home sales rose in February fromthe month prior.
Shares of Fannie Mae, officially known as the Federal National Mortgage Association, popped 8% to $1.95, on pace for its highest close since June of 2021.
Shares of Freddie Mac, officially known as Federal Home Loan Mortgage, rose more than 10% to $1.62, also on pace for its highest close since June of 2021.
Earlier Thursday, the NAR said sales of existing homes, the majority of purchases, surged 9.5% in February to a seasonally adjusted annual rate of 4.38 million.
Economists surveyed by The Wall Street Journal had estimated sales of previously
owned homes to fall 1.3% in February.
The monthly increase marked the first time in more than two years that sales increased for two consecutive months.
The forward momentum in sales over the last two months comes just ahead of the
spring selling season and follows one of the most sluggish periods for the housing
market in recent history. Home sales in 2023 fell to the lowest levels in nearly 30 years.
Since 2022, higher mortgage rates, high home prices and limited inventory have stifled sales, which were still down 3.3% from a year earlier in February.
Write to Will Feuer at Will.Feuer@wsj.com
BULLISH