Fannie Mae-No Politics (FNMA)

[Wise Man]

The settlement worth $25.5B of the PLMBS lawsuit against 18 financial institutions (a $200B+ PLMBS portfolio sold to FnF with fraudulent information), brought by the conservator on behalf of FnF, has NOT been recorded as income.
It's held in escrow and thus, another evidence of a Separate Account plan.
The FHFA owes it to FnF, less $500 million in attorney fees.

Please, stick to promoting your boss' book with your crazy tweets: "WE'VE BEEN ROBBED! Weeee!".

You are always misleading the retail investor, with:
-Flawed definition of Common Equity: "the common".
Notice that this settlement and the refund of CRT expenses, net, are added up to assess the Common Equity as of December 31, 2023.

-Don't challenge the Warrant until it's exercised. Precisely, it'd be when the ongoing damage since day one (EPS posted on a diluted basis. SEC rule) can't be unwound. The reason why the stocks trade at rock bottom prices, besides the fact that FnF are posting $0 EPS every quarter with the ongoing Common Equity Sweep. He conceals the fact that his boss, Pagliara, and the rest of The Group, are using the Warrant to negotiate with the Treasury a better deal for the JPS.

-Pitch the idea of repurchasing the Warrant.

-Rasing concerns about the economic sense of the CRTs, like Timothy Howard, when those operations are challenged simply stating that they are barred in the Charter Act, Credit Enhancement clause. $19B owed to FnF in CRT expenses, net (turned into Retained Earnings to protect FnF against future unexpected losses = Capital ratio).

-Now, in a response to Navy Hedge Fund (coordination), about the PLMBS lawsuit settlement:

That was booked as income and then swept to the Treasury.

It shows what The Group is up to.