is...waitin for the government to get rite for the people
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imagine as if we are funding the military. so be it I accept.
may means nothing. scotus already shot down even hearing an appeal
without the en banc even beng mentioned it seemed the focus was more on Carson. Maybe moron should be one word. IMO he is just not up to speed.
The main focus otherwise feels on the above 2% capital build and how to do this. With leverage on Fannie being 1000 to 1 hthe Squid stated that he cannot sleep at nite. No mention of freddie in this when it came to leverage which leads me to believe there isnt much concern with one as there is the other. Apparently IPO is on the agenda which would lead us to uplist.
As per the nooch 100B in capital is needed and when asked about negotiating the PSPA heclearly stated that the preference should be raised in order to compensate the taxpayer.. Im not affluent with this as we have 400 billion avaliable before liquidation to work with. How they negotiate should be inline with expectaitons of raising capital and an IPO.
What is the number above 2% is my question. When Cotton quoted Moores book I couldnt believe it as it began to feel like a commercial for her book sales. It gave me a sense that NOoch and the pres will not wait for congrees at all as they are doing nothing because they have no idea how to understand the complexities of all involved. Senators appeared to not even know that loan limits are their responsibility and had to ask if it was or was not.
we now know if we didnt already that these two entities will not be designated as SIFI and are heading in the direction of utilities.
The scary thing about it all is underwriting has become a nightmare and is "WEAK" in standards and could again be the cause of a financial downturn.
Warner calls it all a scheme, self quotes himself as an expert. Also which is agreed to by the nooch. I believe he mmay have been pumpin his butt to just shut him up. Next step is yet to be seen but I expect executive order is now inline before any concrete plans are laid on the table. Im in a hold position and have no intention of selling now.
Things will happen and taking profit now makes no sense.
GO FnF!
me too. tensions are high
the plan calls for cap above 2% minimum. what is this minimum number?
squak on the street now
Me too man. made a few calls today in an effort to get another 1000 bucks scraped up. no luck yet
Haha. ya I know I almost had the opportunity but it fell through.
Truly an ironic post. This china deal is hinging at the same time as us. yet here we stand on the brink of change and I cant help but feel the answer lies in China and the deal. What we get back to the U.S will help determine what is need be done in this deal for the housing and economy.
god i wish i had emojis! i love this statement lmmfao!
P.S
Ihave a new outlook on bradford today with his article. I remember alot of the time at points I couldnt stand dude.
There will be no reverse split. NWS was declared illegal this does not turn around at taxpayer expense. Although the looting has gone on for so long the admin is doing the rite thing administratively possible to return the capital to the tax payer. clearly we are in steps but the near future puts us respectivley minimum at 14 pps and higher for frannie repsectively.
ya but Hugh is no more. He was a casualty of war. 8-(.....
on a side note. does anyone notice the typing of posts here. some words are highlighted. Like the word price. Who is collecting information on this. GOOGLE
I agree with this statement fully other than actual outcome of common pps. There is too many possibilities of what the agreement could turn out to be.
As for warrants they may wanna be out as to save face of exposure later to a more grandure public and keep as quiet as they can to save face. That in itself would affect share price dramatically. Yet I cant believe that 38 is fair even giving in to a reduced footprint and yet taxpayer exposure is still there with warrants. Am I wrong in stating this
Its cool seein the new color to this board
first time a bump like this has taken place in quite awhile and im not even considering taking profit.
is nothing. wait till tm
ive said i expect a small run but you all know everytime we get some good news the MMs F us over.
As do I
My guess is we pop a buck or two. Probly anywhere around 3.5 to 4.5. Nothing big and nothing set in stone yet
waking up to see this judgement is the greatest feeling ever!
The FnF fireestorm saga continues.....
Personally I feel this dip is based off the fed thoughts. If they dont cut I think Im done with this again for awhile. The more I think about it I feel thats why we have dropped. Could see a way biiger dip if no cut
Yet I remember sweeney ruling as for FHFA and the government to come to a resolution on their own without setting a date for this order to execute and not to set foot in the divorce court again. How embarrassing for thes fools. Yet here we are. The baby still cant walk or talk and he's 11 yes old now.
rule of law has gone down the toilet long ago.
they have admin options and legislative options in this plan yet congress has had hearing after hearing and still have done nothing. senators have retired. we now have a bunch of people who have to be told by the admin in this report their options and what needs to be done. clearly congress doesnt wanna do anything unless forced
Bet your not as happy now
I did see a line on pg28 top I believe that was the page. It clearly said at the expense of shareholders and debt holders. Sumtn like that
Either way we should get a bump as if we are out of conservatorship to the lowes possible baseline recap number and to the moon from there.
my eyes would be on fire if I read that much
plan released
it was released 42 minites ago! wtf
Check this out: U.S. Treasury wants to change the way your mortgage is financed
https://finance.yahoo.com/news/us-treasury-wants-to-change-the-way-your-mortgage-is-financed-210013028.html
Id rather see an announcement. expecting after hours tho
we are climbin the fence and are very close to peeking over the wall Vato.
from seeking Alpha
Treasury discussed hiring Houlihan Lokey for Frannie restructuring
Sept. 4, 2019 11:52 AM ETHoulihan Lokey, Inc. (HLI)By: Liz Kiesche, SA News Editor13 Comments
The U.S. Treasury Department has held talks with Houlihan Lokey (HLI +1.4%) about hiring the restructuring firm to advise it on Fannie Mae (OTCQB:FNMA +1.4%) and FMCC (OTCQB:FMCC +1.1%), the U.S. mortgage behemoths that have been under federal control since the 2008 financial crisis, Bloomberg reports, citing a person familiar with knowledge of the talks.Hiring an investment bank would be a key step in the administration's goal to overhaul Freddie and Fannie. Still, HLI hasn't been hired and there's no indication that the two government-sponsored enterprises will be released from government control anytime soon.A Treasury spokesman told Bloomberg that it's not currently in discussions with any advisory firm.Even if some progress is made, the process of overhauling the two GSEs is likely to face numerous political and technical hurdles.The Treasury is expected to release on Thursday its plan to end its conservatorship of Fannie and Freddie, according to people familiar with the matter.
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BULRUN100
Comments (307)
Today, 11:55 AM
ILOVE how these people add their personal opinion!!!
Even if some progress is made, the process of overhauling the two GSEs is likely to face numerous political and technical hurdles.
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AlphaTaurus
Comments (110)
Today, 11:56 AM
TOMORROW BABY!!!
"The Treasury is expected to release on Thursday its plan to end its conservatorship of Fannie and Freddie, according to people familiar with the matter."
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NotFair
Comments (152)
Today, 12:18 PM
Free them already
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joey brooge
Comments (350)
Today, 12:06 PM
Lets go!!!!!!
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donnie_l_reid
Comments (415)
Today, 12:11 PM
Let’s get this money!
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Ryan Zentko
Comments (48)
Today, 11:58 AM
Seems like every week $HLI is winning new business.
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Jerbear
Comments (1.81K)
Today, 12:28 PM
Put them up for sale. Let the big guys fight over it and make some money. Use the proceeds to pay off some debt.
While we are at it put the US Postal Service up for sale and Amtrak as well.
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BCofer
Comments (318)
Today, 11:54 AM
So how is this going to be any different than the work Moelis & Co. did?
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Milkweed
Comments (3.33K)
Today, 12:01 PM
It will be a realistic plan to raise capital NOW and not over the course of several years that the administration can't count on.
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BCofer
Comments (318)
Today, 12:24 PM
Hey MW, love your content over the popular FNMA threads. I know everyone keeps speculating on an equity dilution to raise capital, but is there any chance the gov’t just mandates FnF issue a large amount of long term bonds to debt-finance their capital requirement, accrete against that over the next 20 years (while paying interest) and come out the other side fully capped and not (as) diluted?
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Carlos Vignote Sánchez
Comments (432)
Today, 12:24 PM
No capital raised but capital built.
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TrendingPortfolio
I have no more RED cents to offer this or I would
Agreed! I just cant believe that nothing is leaking on this
rite!
I find it interesting the government is winning opioid lawsuits raising capital for themselves to complete the first half agenda. I believe fnf will be let go to fend for themselves without worry. we are worth 10x that.
since the market is up it seems that we always fall on good rumponomics. This article just came out so maybe our drop today was based off possible bad guidance correlating to the market uncertainty. We know less than the Jackson hole heads.
P.S OFF TO gasbag. hes a fool.Of course....GO FnF!
BRIEF-Freddie Mac Says Total Mortgage Portfolio Rose At An Annualized Rate Of 6.3% In JulyREUTERS - 46 MINUTES AGO
Aug 26 (Reuters) - Freddie Mac (FMCC):
* FREDDIE MAC ISSUES MONTHLY VOLUME SUMMARY FOR JULY 2019
* FREDDIE MAC (FMCC) - THE TOTAL MORTGAGE PORTFOLIO INCREASED AT AN ANNUALIZED RATE OF 6.3% IN JULY
* FREDDIE MAC (FMCC) - SINGLE-FAMILY REFINANCE-LOAN PURCHASE AND GUARANTEE VOLUME WAS $13.8 BILLION IN JULY
* FREDDIE MAC (FMCC) - SINGLE-FAMILY SERIOUSLY DELINQUENT RATE DECREASED FROM 63 BASIS POINTS IN JUNE TO 61 BASIS POINTS IN JULY
* FREDDIE MAC (FMCC) - AS OF JULY, MAXIMUM EXPOSURE TO CO'S-ISSUED COLLATERAL THAT WAS INCLUDED IN FREDDIE MAC-ISSUED RESECURITIZATIONS WAS ABOUT $6.1 BILLION
* FREDDIE MAC (FMCC) - AGGREGATE UNPAID PRINCIPAL BALANCE (UPB) OF OUR MORTGAGE-RELATED INVESTMENTS PORTFOLIO DECREASED BY ABOUT $100 MILLION IN JULY
* FREDDIE MAC (FMCC) - FREDDIE MAC MORTGAGE-RELATED SECURITIES AND OTHER MORTGAGE-RELATED GUARANTEES INCREASED AT AN ANNUALIZED RATE OF 7.1% IN JULY
* FREDDIE MAC (FMCC) - MULTIFAMILY DELINQUENCY RATE REMAINED FLAT AT 3 BASIS POINTS IN JULY Source text for Eikon: Further company coverage:
(c) Reuters 2019. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.
Now that we've removed resistance a bit, the skies the limit. Any legit guesses. $15, 42, 80, 120 300+. ??? Who knows. GO FnF!!
Ya I'm a little behind. Flip flopping between home and Jackson hole this year.