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Tim Howard: "I don’t know Whalen, and don’t want to say or imply anything about his knowledge, expertise or motivation for writing the articles he writes. I will say, though, that the bar for writing critical pieces about Fannie and Freddie is very low. Opponents of the companies know that there is a wide audience for articles critical of them, that is generally (and often completely) uninformed and thus receptive to almost anything negative that is said about them. And the financial media virtually never rebut or refute misinformation printed about Fannie and Freddie, so there is no corrective mechanism in place to prevent misstatements or outright falsehoods about the companies from perpetuating. It has been that way since the conservatorships, when Fannie and Freddie were “discouraged” from speaking out on their own behalf."
https://howardonmortgagefinance.com/2024/01/16/the-crt-charade/#comment-30495
But it can be expensive, and the less prepared you are, the more expensive it will be.
Affordable housing crisis https://t.co/6aXiq2mUEP
— Fanniegate Hero (@DoNotLose) April 7, 2024
Uninformed gamblers (momo croud) bought up Fannie commons based on rumors. They don't even know JPS or Freddie commons (hence the widening gap between FNMA and FMCC). Now they are abandoning the sinking ship in droves, taking profits. I don't think the prices are being manipulated by hedge funds.
Im back in, bought FNMAS at $3.90 and FNMAT at $3.65 (first positions). Will buy more on weakness.
That's BS. Fannie commons don't get a cent from Lamberth anyway.
Perhaps Fannie commons realize today that there will be no cent from Lamberth.
Before anyone euphorically embraces the technical analysis of Glen Bradford's Seeking Alpha article expecting commons to double or even triple, please keep in mind that GB is considered the biggest contrarian on this board (unfairly or not, I'll leave it at that).
Pagliara was wrong in his January 2 tweet (below). This week, Lael Brainard confirmed that the Biden administration won't do anything to release the twins in 2024.
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7. Biden will start the recap and release process, claim credit for solving the housing crisis, and appropriate the 100 billion warrant money to congressional districts in a variety of programs to address affordability but more importantly SUPPLY. This is the easiest big idea win available in the current election cycle.
Here is the set up for 2024 GSE Recap and release- a series of steps that will take 18 months or longer.
— Tim Pagliara (@timpagliara) January 2, 2024
1. National Shortage of Single Family homes. Most estimates 5,000,000 or more.
2. Affordability at all time low.
3. 30 year mortgage spreads historically high. With the 10…
Sold all my Fannie and Freddie shares (all JPS). I don't believe that Trump will release the twins. The big banks wouldn't like it. Republicans in general don't like FnF either, because of their "socialist" business concept with government guarantees. Democrats, on the other hand, won't release the twins because they want to continue to abuse them as a piggy bank for their pet and welfare projects.
I'm not greedy, I'm worried
Sold all my Fannie and Freddie shares (all JPS). I don't believe that Trump will release the twins. The big banks wouldn't like it. Republicans in general don't like FnF either, because of their "socialist" business concept with government guarantees. Democrats, on the other hand, won't release the twins because they want to continue to abuse them as a piggy bank for their pet and welfare projects.
The fact that it is so difficult to buy a house right now is mainly due to the shortage of supply. There is a shortage of 7.2 million* homes. If mortgage rates fall (e.g. due to FnF release and monetization), this will not change the shortage of supply. On the contrary, more cheap money would chase the tight supply and houses would become even more expensive.
* https://www.newsweek.com/us-housing-shortage-millions-single-family-homes-missing-construction-gap-population-growth-1874020
Posting the Trump letter over and over again could be an exit strategy for the big hedge funds. Most JPS are extremely thinly traded. They need to "juice" the market with hype to get out at a favorable price. Look at Goldman: When they recommend "buy" to their muppets (retail clients), it's usually because THEY want out.
I think the "Trump bump" is already priced in. Going down from here.
In think the "Trump bump" is already priced in.
Stockprofitter asked on the FNMA board:
I miss Kthomp, Bradford and others who have insight instead of posting level II BS.
(I am still limited to 1 post per day due to perceived "off-topic" political statements).
Yesterday someone sold 1.5 million shares of FNMAJ. The trading volume for this JPS is usually a few hundred (or thousand) shares per day. There was also a large sell order for FNMAT (about 50,000 shares), but it was not executed because just 20,000 FNMAT were traded yesterday.
It looks like a large hedge fund is dumping its remaining JPS on the market. However, the selling seems to be mostly done now.
https://www.otcmarkets.com/stock/FNMAJ/overview
She is the director of the new devision to conserve the conservatorship. This is in the best interest of all FHFA employees and the public they serve.
Serve to conserve with verve!
Why should Fannie and Freddie have to pay the cash penalty when it was the government acting in bad faith stealing their money that directed them to give it all to the government for nothing to keep them in captivity? $fnma #fanniegate https://t.co/3P3au4nZgr
— Fanniegate Hero (@DoNotLose) February 28, 2024
Lamberth refuses to sign the verdict. He treats FnF like cheese that needs to ripen. Unfortunately, the whole courthouse is already starting to stink.
Maybe 3D? Deceive, Dilute, Devour?
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Wise Man:
Dear Wise Man: I feel the urgent need to apologize for my multiple accounts. I'm so glad you made it public that I am Glen Bradford, Bill Ackman, Gary Hindes, and Josuah X all in one person. That's because these multiple IDs put me at high risk of developing schizophrenic disorder. Recently I even heard voices of European farmers trying to stop Don Quixotte de La Mancha (= you) from deliberately destroying windmills, the holy grail of the New Green Deal.
#fanniegate $fnma
— MIA (@MIA95629998) February 22, 2024
Corruption https://t.co/iU99zliKx6 pic.twitter.com/P7LCKM4UN9