is...waitin for the government to get rite for the people
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Patience you have now is of virtue, of what we all here mostly do not have anymore as we have been here so long and frustrations watching and living all the corruption that runs rampant. It has been too long and most are tired..Im sure navy is too. We have all lost our cool and become pissed many times over
Probly another 30 to 60 day wait taking us into next year. Same old no one wants to do anything unless by force
7 dollars is not enough and I'd bet 7 dollars more would write the same.
thank god cause i think ricks in love
DONE WITH ALL THIS FAKE NEWS. this dude said leverage 1000 to 1 when Squid clearly said we are already down to around 300 now. its all BUULLL SHT!
hope its a head fake because if we dip to a buck you can kiss the relist goodbye. no one will want this fucktard stock. i want out too but its just too late. most of us here made our decision long ago to stick it out till the end. the whole lawsuit ride from dweeny comment is absolutely absurd. She should have no bias and to make a comment like that knowing this would happen the SEC should have already stepped in. I wish someone with some expertise would fix this problem. Things are out of control in this country.
What in the world would make them start over. thats ridiculous. this is fucking bullshit.
that dime that just went into the wishing well clanked pretty hard at the bottom. damn!
Fannie, Freddie Regulator Launches Process for New Capital Requirements at Mortgage-Finance FirmsBY ANDREW ACKERMAN | DOW JONES & COMPANY, INC. - 16 MINUTES AGO
WASHINGTON -- Fannie Mae (FNMA) and Freddie Mac's (FMCC) federal regulator kicked off a process for the mortgage-finance companies to raise enough capital to return them to private ownership.
The Tuesday announcement by the Federal Housing Finance Agency is a sign it thinks the companies likely need more than the $180 billion in capital, as previously envisioned by the agency.
The move effectively restarts a process for setting heightened capital levels -- cash to absorb against possible losses -- for the companies, a key change for them to exit government control.
Fannie and Freddie have been under government control since the financial crisis. Ending their decadelong government conservatorship is a priority for the Trump administration.
The companies back about half of the U.S. mortgage market. They don't make loans but buy them from lenders and package them into securities that are sold to investors.
I'd rather have heads hit the floor. America needs revolt against our Democratic congress
Fannie's and Freddie's Long Road to Public OfferingsBY TELIS DEMOS | MARKETWATCH - 45 MINUTES AGO
There are now some timelines in the way forward to reshape the U.S. housing-finance system. A lot still needs to happen, though.
Mark Calabria, director of the Federal Housing Finance Agency, said at a conference last week that "if all is going well," the government-sponsored housing-finance giants known as Fannie Mae (FNMA) and Freddie Mac (FMCC) could be in a position to sell shares in public offerings as soon as 2021 or 2022.
That is a key step in the FHFA's and Treasury Department's plan to recapitalize (https://www.wsj.com/articles/fannie- and-freddie-reform-plan-gets-an-incomplete-11567721283) Fannie and Freddie and eventually release them from government control. Mr. Calabria further suggested that under that public-offering time frame, the companies could exit government control by 2023.
This is hardly idle chatter: Allowing Fannie and Freddie to go public is something that could be accomplished by the Trump administration without going to Congress and the political battle that would likely entail. And there is certainly precedent for bailed-out companies, such as American International Group or General Motors, being successfully resold to the public.
But Fannie and Freddie are unlike those companies in important ways. They are the twin pillars of the vastly complex housing-finance system. The preconditions for successful public offerings would likely require a series other maneuvers beyond the FHFA's powers.
Keep in mind, these would be very big offerings: likely tens of billions of dollars across the two entities. That is a lot of paper to move, and it will require the buy-in of many big investors.
Among the major issues on which investors would be focused is the possibility of future congressional action that might change the fundamentals of Fannie's and Freddie's businesses.
Consider the questions prospective investors would have to weigh if no such legislation is in place before a share offering: for one, the status of the mortgage-backed securities issued by Fannie and Freddie. The Treasury Department's official report on housing-finance reform in September recommended that Congress put in place an official government guarantee for these securities.
Without that, the U.S. government would have to continue the current arrangement of a direct financial backstop for the companies after their IPOs. The Treasury plan envisions them paying for this through a "commitment fee." It isn't yet clear how this fee would be assessed or implemented.
Treasury also has recommended that Congress make the taxpayer guarantee open to securities issued by other, future competitors (https://www.wsj.com/articles/sound-and-fury-over-fannie-mae-and-freddie-mac-11560359890). That might open the cozy, government-backed duopoly to wider competition that could affect their future growth and valuation.
There is also the question of how far along Congress and the FHFA are in any efforts to change the companies' affordable-housing goals. Treasury has proposed, through both legislation and administrative action, revisiting the current system of offering below-cost guarantee fees to higher-credit-risk borrowers and above-cost fees for lower- credit-risk borrowers. Congressional Democrats, on the other hand, are likely to want increased subsidies or other protections for affordable housing as part of any legislation. However this shakes out, it could substantially alter the economics of Fannie's and Freddie's businesses.
There are some key things that will likely be clearer by 2021: FHFA is close to formulating guidelines for the companies which would determine how much capital they need to retain or raise as a percentage of their assets.
Perhaps there are brave investors who would welcome the opportunity to own Fannie and Freddie even with a lot of unknowns. Furthermore, Mr. Calabria may be trying to compel Congress into action by preparing to move unilaterally.
Nonetheless, if he and the Trump administration believe it is possible to hold successful public offerings of Fannie and Freddie without legislation that clarifies their future roles in the housing system, there is much more to do to explain how
I have ARCA as a shorter
https://insidemortgagefinance.us
The parade of shareholder litigation over the net worth sweep moved a step forward earlier this month when a District Court judge in the District of Columbia ruled the Treasury Department must comply with a subpoena requesting documents that shareholders claim are critical for their case.
The lawsuit, Fairholme Funds v. the Federal Housing Finance Agency, was originally filed in 2013 in response to the so-called Third Amendment to the PSPA, a change that removed the 10% dividend Treasury received, replacing it with a quarterly payment of the enterprises’ net worth, minus a small capital buffer.
The eponymous net worth sweep was supposedly in response to Fannie Mae’s and Freddie Mac’s inability to continue to pay Treasury’s dividends. In their lawsuit, Fairholme Funds claimed it was really a scam.
The case had, in fact, already made it to the U.S. Court of Appeals for the District of Columbia, but was remanded, in part, back to Judge Royce Lamberth in the District Court to settle the issue of Treasury’s failure to respond to the plaintiffs’ subpoenas. For more details, see the new edition of Inside The GSEs, now available online.
ya in the same breath he said worth zero when Ps convert. He acts like hes planning for conversion amd apparently bias. I do not trust any news anymore especially dumb blogs. All I know is that FnF is making a shttton of money and we are getting F n Fd over and over. I for one am and sure for all sick of it
just another college thesis and a rewrite. Like Ole Yeller and Where The Red Fern Grows. All 3 came out at about the same time I believe, and didnt the 1st two die?
Eating pancakes early?
Nothing but old rhetoric being posted here
I find all this Sweeney talk to be nothing but conjecture and pumping. Gavel hits the ignore button.
What is the case number
In sweeney's court?
and there it is. Just like in Ukraine judges are used to keep things on the straight and narrow. This is not uncommon to be when you have SWAMPS. GO FnF!
F Dick bove. this looks quite different than what hes saying. Looks to me like Prefferred had a worse day than I. https://finance.yahoo.com/quotes/FMCC,FNMA,FMCKJ,FMCKI,FMCCM,FMCCK,FMCCT,FMCCI,FMCKK,FMCCG,FMCCH,FMCCL,FMCCN,FMCCO,FMCCP,FMCCJ,FREGP,FMCKP,FMCCS,FMCKO,FMCKM,FMCKN,FMCKL,FNMAP,FNMAO,FNMFO,FNMAM,FNMAG,FNMAN,FNMAL,FNMAK,FNMAH,FNMAI,FNMAJ,FNMAS,FNMAT,FNMFM,FNMFN/view/v1
that just gave me the old squigally chilllllzzz
i cannot read the article. please copy/paste
hence why ive alwys said this is the dumbest board on earth but it is comical at times. Ya learn to toon it out and see through alot of b.s and catch something here n there that this everyday grind has given us. Cant say i havnt made money but ive dwindled my share over time and im happy, thats all that matters.
word of the day. id swear its mispelled.
Incongruous:
in a sentence lol...
In Congruous we are incapable of getting along.
Definition
: lacking congruity: as
a : not harmonious :incompatible
b : not conforming :disagreeing
c : inconsistent within itself
d : lacking propriety :unsuitable
i look at it more like a chitty chitty bang bang and in less ways its just chitty
Link to this please as I'm unable to locate
Dont have a link to watch calabria either. I'm failing as a researcher for awhile now. Guess I'm bored with all the bs
Does anyone else notice that Congress pulls a trick like today's impeachment hearings on the exact same day that we have an event or some sort of news by FHFA in tandem to draw attn away from FnF
Looks like the flex seal isn't as good as we thought. Buy more?
So we can FnF him for his crime. How dare he fight the giant squid.
Why wouldn't this be good for a company?
Fannie, Freddie transfer risk on ~$281B of UPB in H1 2019
Nov. 12, 2019 3:56 PM ETFederal National Mortgage Association (FNMA)By: Liz Kiesche, SA News Editor1 Comment
Through H1 2019, Fannie Mae (OTCQB:FNMA +3.9%) transferred 84% and Freddie Mac (OTCQB:FMCC +2.3%) transferred 89% of allocated credit risk capital on 2018 acquisition covered by credit risk transfer, according to the Federal Housing Finance Agency's semi-annual Credit Risk Transfer Progress Report.Of the total single-family loan acquisitions of the two government-sponsored enterprises, 73% were targeted for credit risk transfer.The GSEs transferred risk on ~$281B of unpaid balance with a total risk in force of $10B.Fannie Mae transferred risk on $154B of UPB with a total RIF of $5.6B.Freddie Mac transferred risk on $127B of UPB with a total RIF of $4.9B.
Speakin of SCOTUS. They are more busy than ever before with so many life changing cases on the table for judgements that the country is in desperate need of to change all that was created by the swamp. its happening
i use her/his begging/tweets as a guage for trade at times.
yip same old increase of 2% and you waiting to short. ya we kno. same ole smell
ive seen this no public tv on it tho
BOOM just made a funny noise like a whoopy cushion
Probly written in pencil. More likely crayon tho