Fannie Mae (QB) (FNMAG) News

There is the Truth and everything away from it,

Space to earth .. i see some confusion.

Despite Newsom (not a fan) being blamed for the forest management in California, 57% of it is owned by the Feds. 3% is owned by state and local authorities, balance by private companies and individuals.

Based on above, California could be one of the states.

A lot of housing could be built on land owned by the US Postal Service. The UPS has an extensive real estate portfolio that needs to be rationalized - new condo buildings could be built leaving the first floor for the UPS all around the country. Other real estate could be sold outright or used for long term leases - some of the best locations and some of the most underutilized locations all across the USA.

GSE stories are becoming few and far between, and even when they are published, one can't help but wonder for whose benefit are stories being published..
skeery

I have to wonder where all these homes on Federal land are going to be built?

Could turn the area inside the Beltway into a retirement community since there will be be no jobs. No one has ever put it into productive use anyway.

Nats

Those of us who have been here since the beginning know it's all of them to blame. Hashed and rehashed a 1000x

I have to wonder where all these homes on Federal land are going to be built? Alaska? not likely that will be for drilling and few want to live in sub zero etc...AZ? already overbuilt and don't have enough water now. I am honestly curious and if anyone knows could they share it? IMO the Fed land will be stripped and sold for its parts IE: oil, minerals, lumber etc...we shall see.

yes
a commission on what caused the 2008 "collapse" was started in 2010. it had 6 Dem appointees and 4 Republican appointees

the final report was issued in 2011

prior to that important document there was a draft report ---- 6D supported it and 4R said wrong. That draft put near zero blame on GSEs and 90% on TBTF banks and bad mortgages - cheating - etc.

Over three months of redrafting - the final report which put say 80% on TBTF banks and that crazy fixed income storm was approved by 9 of the members - 6D and 3R. One R appointee - R Wallison (mentioned in IH many times years ago) kept pointing the finger at GSE --- 90% their fault. !!!! (He just about faulted the GSEs if his soup was cold)

Eventually 8 of the 9 said ----- report is ready - Wallison you are wrong - we have 8 of 9 supporting the report - and the cause was GREED on Wall Street - lies and TBTF banks ---- (and a smidge of F and F - almost for not seeing the other folks mess) . Remember F AND F won a ton of lawsuit cases against the TBTF banks and such for their lying and cheating.

Keep this in mind when you think R are the ones who love F and F

https://247wallst.com/banking-finance-and-taxes/2020/05/28/fannie-mae-might-become-a-dividend-payer-again/

Probably? come on . They will jump and with Canada now looking to EU and Asia to sell its heavy Oil too well that's gonna sting also. I just hope they release us and I can cash out before this all turns to shite.

That would be very helpful.

I am kind of stunned with the turnaround at the Post. Maybe its the new wife. I never did get an invite to the wedding - must have been an oversight!

I was going to put in a good word for us at the reception. I had gotten out my Engelbert Humperdinck (I get extra credit if I spelled his name right)
"Release Me" record and was going to have the DJ play it over and over again until Jeff gave in and agreed to only print pro release editorials. But I am sure he rented the NSO who are, of course, based at the newly renamed Kennedy Center (now named for RFK, Jr. - bet you did not know that). So I probably never would have gotten the opportunity.

DC Grannie had bought a dress - she spent about 300°A. It was one of those low cut ones as that appears to be some kind of a rule in order to be allowed within a radius of 2 miles of Bezos. Normally, she would be been able to return it, but all the Department stores in the DC area have now gone out of business (or closed due to an EO?) as the Federal Government is now composed of 2 GS-5s and an untrained dog. They had money to train the dog - but the training was to be paid by Government credit card and they were all shut off (no joke) last night. Any Government travel, going forward, will be done by hitch hiking only (unless you are an illegal alien - then its first class all the way! - one way).

I am not to disappointed in that I figure to catch him next year when he gets married again.

Nats

AI Overview

Fannie Mae (FNMA) and Freddie Mac (FMAC) are expected to resume quarterly dividend payments on their senior preferred stock when they reach their regulatory minimum capital. 

Explanation

The GSEs (Fannie Mae and Freddie Mac) issued senior preferred stock to the U.S. Treasury in exchange for capital injections. 

The GSEs are required to pay dividends on the preferred stock quarterly. 

The GSEs are also required to pay all of their net profits to the U.S. Treasury as a dividend on its preferred shares. 

The GSEs are not allowed to emerge from conservatorship without paying the liquidation preference in full. 

The GSEs will resume quarterly dividend payments when they reach their regulatory minimum capital. 

The Treasury and FHFA have executed letter agreements that allow the GSEs to retain capital up to their regulatory minimums. The agreements also replace the variable dividend with alternative compensation.

wait
As a left leaning capitalist and one who bought a few thousand dollars of retail Structure Products and personally lost a thousand or so on a few Lehmann Structured Products backed by Lehman senior debt -- (got back 70 cents on dollar) ----- I read this article as a warning that the BANKS - TBTF banks (who know they can be capitalist when making money but socialist - bailed out - when losing money) are at it again This points to Wall Street GREED and TBTF bank GREED as bad and worse

1. Those who understand this massive crazy finance world - know it was a major - major reason for the 2008 crisis (especially Collateralized Debt Obligations as the key reason for AIG death (along with 10 or more crazy "esoteric mortgages sold to Americans) . I read this article as saying LOOK over there -- look at this crazy shit - not at F and F

2. This article would IMO be an argument for the GSEs ----- not against them. Dems if watching - need to read this and not focus on the GSEs (other than to negotiate for FREEDOM together with Treasury back up

https://x.com/SnagsLewis1978/status/1896039611778154509/photo/1

I plan to "explain" to Durbin how he is wrong

Hope - (any FNMA long must have hope and more hope) - a deal is made between D and F (if Congress matters in the new USA)

To keep mortgage interest rates from possibly rising when F and F are "more private" ---- D senators will demand some form of back end GOV - Treasury - back stop

R pushes for fee them - D says OK if Treasury backs them - win win win win

Agree. Will make sure I send more of my X postings to the Post.

Hahaha very true sir. Thanks

Yet another Fannie/Freddie step taken for GSE FREEDOM !

https://www.cbsnews.com/news/trump-lumber-wood-executive-order/

Trump takes actions to increase lumber supplies & curb wood imports -

Pres TRUMP on Sat signed two actions to increase domestic lumber production &
a Commerce directive to investigate possible harms lumber imports pose to natl security

Hopefully other members of the media join in.

I was thinking that Bezos might jump on board since he has done a 180 on the current Administration's policies at the Post.

Nats

An EO was signed today cancelling all regulations on lumber.


Great find Rick - the great value of this Board is that its the primary source (that I know anyway) of info on what's going on in the GSEs.

This is kind of a Paul Harvey - Rest of the Story - situation.

"President Donald Trump on Saturday signed a pair of actions to increase domestic lumber production, including a directive for the Commerce Department to investigate the possible harms that lumber imports pose to national security."

This is a good news/bad news for the GSEs. But I can't see how the overall picture for lumber is about to deteriorate. Over the years there have been some on again, off again tariffs slapped on imported lumber - especially from Canada where we get a lot of our construction stuff. As most of us are surely aware, tariffs are about to be slapped on foreign stuff including 25% on lumber from Canada. This is great for US producers but bad for the housing industry as overall costs will probably rise. Maybe I am wrong on this. Just a thought.

Nats

Can I borrow $100, fam?

Sure - that will be 10% interest in perpetuity - even if you pay it back. And we get an option to buy 80% of the tie for .0001 cents (and you have to supply the scissors so we can cut it). And if we feel like it, we can just take the tie for nothing and slap you upside the head with it. And, if we really feel like it - we will sue you personally for the price of the tie store where you bought it - or maybe the whole chain.

Is this a great country or what?

Nats

Unfortunately, the length will 100% make sure no one close to the President will read it. You need to send it to everyone under Pulte and Bessent, and hope any of them will brief them.

A look at Bill Pulte, Trump’s choice to run the FHFA

Some experts have even surmised that Trump tapped Pulte because he would accelerate the privatization plans for Fannie Mae and Freddie Mac.

Pulte is an activist investor, philanthropist and Trump supporter

Bill Pulte, the man President Donald Trump has nominated to serve as director of the FHFA, is known as a businessman and a philanthropist. If confirmed by the Senate, Pulte would lead the independent agency that oversees Fannie Mae and Freddie Mac, government-sponsored agencies that are crucial to the running of the real estate market.

Pulte is an unconventional choice for running the FHFA. While he is a Trump supporter, he has no government experience. His history of philanthropy and private equity activist investing is not the typical career path for agency administrators. Some experts have even surmised that Trump tapped Pulte because he would accelerate the privatization plans for Fannie Mae and Freddie Mac.

Pulte is the founder and CEO of the private equity firm Pulte Capital Partners. He is also chair of The Pulte Family Office, which also invests in companies, and the former director of PulteGroup, Inc., the public real estate development company that was started by his grandfather, William J. Pulte, who died in 2018.

Pulte has been greatly influenced by his grandfather’s interest in philanthropy. He wrote in a guest column for the Florida Times-Union in 2021 that his grandfather, who grew up poor in Detroit during the Depression, felt a duty after becoming successful to help those less fortunate. His passion was helping “the poorest of the poor,” Pulte wrote of the real estate magnate.

That passion to give back was passed on to the elder Pulte’s children and to his grandchildren. Grandson Pulte, himself, supports a number of philanthropies and launched the Detroit Blight Authority, which works to stabilize neighborhoods in the city. He has also become a well-known “Twitter philanthropist.”

He wrote in the Times-Union column that one day it dawned on him that Twitter, now known as X, was “the perfect platform to use to reach people in need across the world.” He maintains he’s used X to give away more than $1 million as well as three cars. He writes that the amounts he’s given to individuals have varied from $50 to $25,000. “I help everyone and anyone from cancer patients to single moms, U.S. citizens and people internationally,” Pulte wrote.

Pulte has spoken publicly about how President Trump has helped him raise tens of thousands of dollars in donations on X for military veterans over the years.

Beyond his philanthropic interests, Pulte has also made a name for himself as an activist investor. In December, Pulte, as chair of The Pulte Family Office, an activist shareholder in Virtu Financial, a financial data management company, called on the business to sell itself to either a private equity firm or to another public company. If the company doesn’t explore a sale, Pulte is threatening to force a proxy vote or take other actions.

Pulte lamented the current CEO, “is not focused on building a materially bigger business and spends precious time tweeting on items not related to the core operations of the company.”

On Jan. 15, Pulte announced that The Pulte Family Office had bought shares in GrabAGun, an online firearms retailer that also sells other outdoor products. The company is about to go public through a business combination with Colombier Acquisition Corp. II.

“Much like the First Amendment, the Second Amendment must be protected, and we believe there is no better way to exercise this belief than by investing in GrabAGun,” Pulte said.

Rick,
You are the best.
I like your whahl horns, even though sometimes it doesn't work.
The most important thing is to keep going up emotionally, and real things will happen later. 🤞

Speaking of Game Stop...see the movie Dumb Money.
Goes through the whole scenario from start to sordid conclusion.

Didn’t happen but that’s ok. Just a little more time.

If more people talked Reisting (UpListing) rather than Release all the time,
and made the effort to find out the who's, what's and where's of
Relisting, FNMA would probably be $12.50 by now...RELIST THIS STOCK FNMA
Come On, Warriors - Lets Get FNMA where she belongs; the NYSE

An EO was signed today cancelling all regulations on lumber. One of many important steps in creating affordable housing. I believe last week federal land was also released for housing. Get ready for 6 million homes to be built. And Fannie and Freddie will be insuring all these mortgages but only if they are released from conservatorship. The ducks are aligning well. Quack quack quack what a lovely sound. Quack me and quack you. Quack away because we are headed to $250.

Give me an F
Give me an N
Give me an M
Give me an A

That Crook-run Click-Bait site intentionally misrepresents meaningless intra-day order processing volume as "shorts". Short INTEREST are open short positions needing to be bought back at some point in the future.

This is FINRA's OTC Short Interest site.
https://otce.finra.org/otce/equityShortInterest

Can I borrow $100, fam? The head shylock at Benjamins Capital just called me up for a meeting and I need a new tie. I swear I am good for it, fam!

Historical Short Volume Data for FNMA
Date Close High Low Volume Short Volume % of Vol Shorted
Feb 28 NA NA NA 6,818,573 4,323,548 63.41
Feb 27 NA NA NA 8,820,348 5,381,912 61.02
Feb 26 NA NA NA 8,535,400 4,544,802 53.25
Feb 25 NA NA NA 11,437,227 5,845,634 51.11
Feb 24 NA NA NA 12,071,501 5,575,403 46.19
Feb 21 NA NA NA 12,196,093 6,526,616 53.51
Feb 20 NA NA NA 18,443,468 9,114,647 49.42

https://www.otcshortreport.com/company/FNMA

10.9 million shorts as of Feb 14.
Do you really think there are still shorties in here?

$$BOOM! I am with you Bro 1 for 10 reverse split and $265 is stretching it, but may be achievable under ideal circumstances.

A lot of $$NON BOOM RED DAYS LATELY Bring on the reverse split.

My model suggests $265.

IYKYK

Buckle Up boys and girls!

McDonald's fries cost around $3.69. The price may vary depending on the location and order size.

McDonald's offers a $5 meal deal that includes a small order of fries, a four-count of McNuggets, and a small drink.
McDonald's also offers a 2 for $3.99 deal that includes a McDouble, McChicken, or 4 pc. McNuggets.

Thanks JWoods.

Thanks NeoSunTsu. Was thinking the same. A total turn around for WSJ. Hopefully other members of the media join in.

This Wall Street Journal story, or at least the headline, is a direct contradiction of the narrative that blames the GSEs for the 2008 financial crisis. I cannot count the number of times I have called out on this board that the blame has always fallen on the doorstep of Wall Street TBTF banks and their massive abuse of, at the time, unregulated, or very poorly regulated, or worse yet, poorly understood derivatives. This has been a poorly kept secret for a very long time - the TBTF bankers knew it, academic researchers wrote papers on this long ago, the Bush administration knew it (mainly Paulson), but the GSE piggy banks were an irresistable honey pot help fund the TARP bailout. Just as important, the GSE narrative was also low hanging fruit to feed the financially ignorant public.

We now have a recent article to call out the fraudsters and make the final uberpush for full restoration of our shareholder rights without any further enriching of the corrupt elements that caused this mess and covered it up with the false narrative. Calling out the treasury commitment as fully repaid plus 10% return to the government - wipes out the senior preferred shares and liquidtion preference - the warrants should be null & void, or left to expire - and with a reassessment of the capital taken from the GSEs when they were seized, additional consideration of the overpayments from the NWS, and finally, a reduction in the regulatory capital percentage, all spells an end to this fiasco with rights fully restored to shareholders. We are holding shares with the long-standing historical rights that the benefits travel with the shares.

This story could actually be the first financial media open contradiction of the narrative (purposely released?) that leads to the correct and final solution to the 2008 crisis - the end of the c'ship, release, and relist of the GSEs.

Wall Street Journal: The boys who crashed the economy in 2008 are back. Big time.
Collateral loan obligations are the hottest finance product in the market.
This is a free link.
https://www.wsj.com/finance/investing/abs-crashed-the-economy-in-2008-now-theyre-back-and-bigger-than-ever-973d5d24?st=NrBfPV&reflink=desktopwebshare_permalink

unfreeze likely means for him to rates going down as he thinks inflation will be 2% . really? in 2 weeks? french fries are even more expensive at mcdonalds, a small fries close to $5.00. i don't buy it going down to 2% in next 2 few weeks, may be give it like a year. everything is even more expensive, hope will come down soon. i see the inflation stickly with not much hope.

never trust mba. broomskirt is a snake lobbyist

precisely, that is why those senate democrats are against releasing them and sent a letter to turner. in conservatorship, they fucked it up even more. who is going to go to jail, would they loot gse's more? spread the word.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175868972

FNMA&FMCC
Everyone here sounds like a bunch of skeerd mice runnin' from a cat -
That's ok - I's Skeeerd, Two

Do you really think there are still shorties in here? They would be insane.

Who has information here?

Yes we are on the same mindset. I too was thinking that would be around $28-$32 and within few weeks with further good news or a short squeeze similar to Gamestop 'might rise' to around $45.

Wall Street Journal: The boys who crashed the economy in 2008 are back. Big time.
Collateral loan obligations are the hottest finance product in the market.
This is a free link.

https://www.wsj.com/finance/investing/abs-crashed-the-economy-in-2008-now-theyre-back-and-bigger-than-ever-973d5d24?st=NrBfPV&reflink=desktopwebshare_permalink

This is the last thing we need right now. But there it is.

I don't know why you and others are so hellbent on relisting/ All that resembles is casting a net to get bait. Hooking and pulling in the big fish is the goal and the big fish is being free of government control. Relisting has a limited upside and if it's more than $25-30, I would be surprised. Perhaps that's enough for you. I want enterprise or intrinsic value, not the bread crumbs. I know patswil rides in my boat, not some dingy!

As Navy said, “ NYSE uplist is a Ginormous game changer for Fannie / Freddie” …

You’re asking the multi ginormous question, price? After the initial uplist price we may see a GameStop?

“In January 2021, a short squeeze of the stock of the American video game retailer GameStop and other securities took place, causing major financial consequences for certain hedge funds and large losses for short sellers.”

Care to stab at the initial Fannie & Freddie uplist price on the big boards !!!
Yep, I know lots of unknowns to be ironed out.
But still a starting minimum listing price that most shareholders wants to see.
Eventually, the markets will decide on that starting price.

https://finance.yahoo.com/news/hagerty-aide-luke-pettit-tapped-170635904.html