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Thanks.
Well that would be good news. Hah
My schwab account and Seeking Alpha shows it at .70 after hours.
Hope its wrong
After hours?
Other than the Lambert court, why the big moves?
Fmcc. .63c
https://www.sec.gov/ix?doc=/Archives/edgar/data/1026214/000102621423000104/fmcc-20230930.htm
Net worth was $44.7 billion as of September 30, 2023, up from $35.2 billion as of September 30, 2022. The quarterly increases in net worth have been, or will be, added to the aggregate liquidation preference of the senior preferred stock. The liquidation preference of the senior preferred stock was $114.6 billion on September 30, 2023, and will increase to $117.3 billion on December 31, 2023 based on the increase in net worth in 3Q 2023.
Shares outstanding
650.06M
68.76$ per share
Fnma. .72c
Senior Preferred Stock Purchase Agreement and Senior Preferred Stock
We discuss more fully our senior preferred stock and the terms of the senior preferred stock purchase agreement, as amended, including Treasury’s funding commitment, in “Note 11, Equity” in our 2022 Form 10-K.
Treasury has made a commitment under the senior preferred stock purchase agreement to provide funding to us under certain circumstances if we have a net worth deficit. Pursuant to the senior preferred stock purchase agreement, we have received a total of $119.8 billion from Treasury as of September 30, 2023, and the amount of remaining funding available to us under the agreement is $113.9 billion. We have not received any funding from Treasury under this commitment since the first quarter of 2018. We had positive net worth of $73.7 billion as of September 30, 2023.
The dividend provisions of the senior preferred stock permit us to retain increases in our net worth until our net worth exceeds the amount of adjusted total capital necessary for us to meet the capital requirements and buffers under the enterprise regulatory capital framework established by FHFA.
The aggregate liquidation preference of the senior preferred stock increased to $190.5 billion as of September 30, 2023 from $185.5 billion as of June 30, 2023, due to the $5.0 billion increase in our net worth in the second quarter of 2023. The aggregate liquidation preference of the senior preferred stock will further increase to $195.2 billion as of December 31, 2023, due to the $4.7 billion increase in our net worth in the third quarter of 2023.
We had positive net worth of $73.7 billion as of September 30, 2023.
Shares outstanding
1.16bill
63.53$
per share
It is amazing the press ignores this.
The Supreme Court seems skeptical of a challenge to consumer agency
October 3, 20236:34 PM ET
Nina Totenberg at NPR headquarters in Washington, D.C., May 21, 2019. (photo by Allison Shelley)
Nina Totenberg
4-Minute Listen
Download
Why does this never get sent to some news agency that has the guts to publish it?
How about tweeting Ed Demarco’s testimony.
Hard to believe this article has never been reviewed by the press and put on public display . Just shows how bad the analysis was and here we are years later making money hand over fist .
The press is as much to blame as failing to show even how Demarco did not do any due diligence and took things in to his own hands.
https://fcic-static.law.stanford.edu/cdn_media/fcic-docs/2008-03-08_Treasury_Email_from_Hason_Thomas_to_Robert_Steel_Re_Source_document_for_Barrons_article_on_FNM.pdf
Why has Demarcos statements never been picked up by the press is astounding.
Any one care to explain why the Supreme Court would want to hear this case gives all the losses over the last couple of years?
Hey.
Can you explain the spspa and what you think it means going into the future.
Navy
Thanks for your many posts with court documents etc. It is criminal that none of this proof has received any traction in the press or with any one that previously wrote about the Twins placed into conservatorship.
Have you given any thought of sending emails to Gretchen Morgenson, Maria Bartiromo, Bethany Mclean, and CNBC, Bloomberg etc asking why every is not following these court cases with interest?
Thanks in Advance.
Airbus320
Those 2 were clueless. How can the GSEs now be multi Trillion dollar enterprises constantly growing their business yet need reform.
Hi Bradford.
Your comments on this forum and articles on seeking Alpha are appreciated.
Any chance you can explain the situation with Commons as your target on their value has a broad range over the last few years.
I recall articles with the target range from 3-8$ and lately as low as .08c
Although I hold both Commons and Preferred, your in depth analysis is appreciated.
Perhaps a Private reply would be appreciated so you don’t take any additional flack.
Thanks.
Ed
Happy New Year.
Year 14 of Conservatorship
Where is the link?
Any one have a link to the SCOTUS decision? Thanks
ANY ONE THINK THAT A SOTUS DECISION
Comes after The market close or before an open WHEN EVER THEY DECIDE TO RELEASE IT?
Wonder why a seasoned reporter who spent many years on CNBC would not bother to read court documents and the various books on the GSEs and at least not have a biased view.
You are still down $4500 on your short. Maybe you should cover.
STILL UNDERWATER FROM $1.88 at 10000 shares.
Do you really think we get a sell off just prior to the SC rules?
And still short from his 1/25/21 post.
NO CREDIBILITY.
JUST SHORTED 10,000 @ $1.88
WILL COVER AT $ 1.50
Lots of meat still on the bone
Sec Filing
Net income of $2.9 billion and comprehensive income of $2.5 billion, up $0.4 billion and $0.1 billion, respectively
https://www.sec.gov/Archives/edgar/data/1026214/000102621421000034/a20204qerexhibit991.htm
How did you get the CLVRW? Was that the warrant?
Thanks.
On Friday, they took my SAMA and gave equal shares of CLVR.
Not a-lot of details on the Tender offer but thanks for the reply.
Info needed on SAMA
I own a few shares. I received the tender offer which closes on the 14th to redeem shares for $10.22 per share. I don’t see anything about warrants and since the stock is trading well above the tender offer, whats the rub?
Interesting note is calls on the stock are trading at 2.35$ for the $15 strike on Jan 15,2021.
Any opinions out there?
Thanks.
FHFA settled on the lawsuits for significantly less, and instead of sending the settlement money to the GSEs they sent the money to UST. Still, the $250 Billion represents money owed to the GSEs
Does any case address who really should benefit from these settlements?
Fortune Cookie says you are full of it.
Edgars.sec.
https://www.sec.gov/ix?doc=/Archives/edgar/data/310522/000031052220000418/fnm-20200930.htm
Net worth from the 10Q posed today.
All you shorts should consider the risk.
Net worth. Our net worth was $20.7 billion as of September 30, 2020. This amount reflects:
•our net worth of $14.6 billion as of December 31, 2019;
•a reduction in our net worth in the first quarter of 2020 driven by a charge of $1.1 billion to retained earnings due to our implementation of Accounting Standards Update 2016-13, Financial Instruments—Credit Losses, Measurement of Credit Losses on Financial Instruments and related amendments (the “CECL standard”) on January 1, 2020; and
•our comprehensive income of $7.2 billion for the first nine months of 2020.
Interesting she bought 29146 shares. Why is it not 29 or 30k shares.
Just wondering? Ideas
More like bull
Ride not going your way today Arnold.
https://finance.yahoo.com/news/fannie-freddie-impose-fee-most-023601924.html
This 50 basis point fee per refi with the current refi boom equals roughly 1 billion in extra revenue per month.
Add that to the 11 Bill in retained earnings could give FNMA the 25 billion by the end of 2020.
Does this change any possible conversion rate or delusion if the warrants are exercised?
Just something to concider.
Based on Volume of Refinancing’s, this could be worth around 1 Billion per month in additional earnings going right to retained earnings.
Thats what I was asking. Why is Paulsons position unknown ?
Thanks for the link.
What holding does Paulson hold ?
LINK WANTED. Any one have a link to Persing Square document what he thought the process would be.
Thanks