Fannie Mae (QB) (FNMAJ) Share Price

I've been thinking how FnF have been treated by the Government leading up to the Conservatorships and then years following, In the months leading up to the Conservatorships FnF did not meet any of the 12 HERA critearia leading to Conservatorship. Henry Paulson's comment that “the last sound they will hear is their head hitting the floor “ was telling of what was to follow. Typically, a conservatorship is a matter of management to preserve and conserve assets and followed by prudent management to rebuild reserves. Not the case with FnF. From the start Treasury pursued control of the Conservatorships and FHFA using breaches of HERA to take control of responsibilities provided the FHFA Director by HERA. Treasury and the Executive branch used a wide variety of attempts to trip up FnF and take them to receivership. I remember comments made by then President Obama as he was walking thru an airport in Phoenix where he stated that he was going to expedite the wind down of FnF so he could create a new responsive secondary mortgage entity. WAIT A MINUTE!!!! Conservatorships are supposed to be safe and deliberate to preserve and conserve the assets of an entity so they can be endowed and improved and returned to public service. What I was observing was the Executive branch and Treasury were working together to make sure the Conservatorships was the path to Receivership for FnF. This was RICO law on display, plain and simple. Treasury and the Executive branch were determined to eliminate FnF under the guise of Conservatorship. so Treasury and the Executive branch could build replacements for FnF.

Here's hoping his vote doesn't get sidetracked by budget fights.

I've sent a few emails but not received any replys to latest info

and/or expected timeline for Final Ruling from Judge Lamberth

Here are ALL the Plantiff Lawyer Contact points listed on this

public Trial Document for the Allocation Plan :

I can’t even be mad at lack of progress until Pulte is in position. Gotta get people voted through before progress can be made. Then we can complain. I hope to start complaining Tuesday!

Billionaire Bill Ackman may get huge housing market gift from Musk
https://www.thestreet.com/real-estate/billionaire-bill-ackman-may-get-huge-housing-market-gift-from-musk

Billionaire Bill Ackman may get huge housing market gift from Musk

https://www.thestreet.com/real-estate/billionaire-bill-ackman-may-get-huge-housing-market-gift-from-musk

STOP IT you and your sodding Calabria. What's your point of bringing out that clown every few days.
He GONE from FnF forever. NOT COMING BACK !!

Yep. Well, it's more like a concept of a plan.

Step 1 - Sign Executive Order.

In progress.....

Settlement was $63B but wasn't the BAD paper in the triple digits of billions? Sweetheart deals if there was ever such a thing! That's why the lenders were stumbling over each other to settle! They stuck F&F but were allowed to bail for just pennies on the dollar.

"Trump's plan to free Fannie Mae and Freddie Mac"

There is a plan? Really?

Careful, FHFA gets it's operational funding from FnF!!! Getting restitution from FHFA would require the money come from FnF!!

It is curious that there were only about 138 employees when the Conservatorship started, and over the years it has grown to just under 1900 employees this year...........and average annual salarie of just over $183,000. All the money to pay those salaries comes from FnF

Reminds me of the time, a few years ago,
i was doin' some business at at bank near Wall St. I had withdrawn $300,000 in cash so i coud get a cash discount on a new Rolls
i was gonna buy, and took all my FNMA and FMCC stock certificates from my safety deposit box, 200.000 shares worth and put it all in a little suitcase and proceeded to walk over to the Roll;s Dealer to get the car,but then, two ugly muggers came up behind me, one guy put his arm around the front of my neck to keep me still, while the other guy took my suitcase. He opened it and took all the certificates, but left the money...wonder why? heh heh heh

$25 minimum per share penalty (tax free) to shareholders to settle all the fraud, corruption, theft, and manipulation paid (split evenly) by FHFA and Treasury or funded entirely be the NGO Bank penalty payments (or taxpayer recovery from NGOs - or to put in plainly, by the Democrat party) ...

https://x.com/GuidoPerei/status/1898793244122902998

"OH well nice dust collector"

FANNIE AND FREDDIE STOCK CERTIFICATES ARE THE BEST DUST COLLECTORS ON THE MARKET AND THE PAPER WILL EVENTUALLY TURN A LOVELY SHADE OF YELLOW, OVER TIME, IF YOU WANT TO LEAVE THEM OUT WHERE YOUR FRIENDS CAN SEE THEM!

This seems so simple....for Treasury to gain control of FHFA Disbursements, Treasury must convince the FHFA Director that he must relinquish control of disbursements to Treasury as a condition of financial security and support provided to FHFA by Treasury.

HERA clearly states
SEC. 1103. FEDERAL HOUSING FINANCE OVERSIGHT BOARD

….that FHFA Director is given control (of disbursements) and Director may not delegate to MEMBERS OF THE OVERSIGHT BOARD any of the functions, powers, or duties of the Director.

Secretary of Treasury is a member of the Oversight Board.

The Secretary of Treasury REQUIRES that the FHFA Director transfer control of disbursements to the Secretary of Treasury as a condition of the obtaining necessary funding from the Treasury.

Treasury requires in its agreements with FHFA that FHFA Director break the LAWs of HERA as a condition of receiving funding from Treasury. That in itself breaks the laws of HERA.

there is no 'win'
it is 'doing the right thing', 'reclaiming the loot', 'stopping the loot, waste and fraud'

Privatization of Fannie/Freddie Would Be A Win for Hedge Funders - (Hedge Fund Investors Bet on Political Power to Privatize Fannie Mae and Freddie Mac—And They Might Win) -
https://therevolvingdoorproject.org/privatization/

this is no small thing ($25x14 pe on 1 billion shares =$350), roughly speaking.
can someone put this in 3-5 sentences so that we can all do our part with a coherent message to the decisions makers? i am not sure if voice is heard by potus, bessent, pulte and if messages on x are being read and considered seriously? how else to reach them? may be write to white house, fhfa ?
i had to sell in need of money but still like to do my part in letting them know as what has happened is all wrong. we now know so many are against their release to perpetrate more fraud and more data only helps.

these incentive payments, crt's etc etc: would that be considered violation of hera , violation if conservator duty ? why not?

https://x.com/markcalabria/status/1898449517776699847?s=46&t=xLP2LlWgJrEMUZZ7Fum-nA

This is very important so I hope you don't mind if I enhanced it just a bit!

How settements worked: there was a settlement amount which is $63 Billion from 18 banks. Every settlement had clause that if bank can give$1 Billion to the Non Government Organizations then bank can deduct $2Billion from settlement amount before giving settlement amount to the treasury.

we have a new Treasury Sec ... this tweet is what Sen Kennedy
was squawking about during Bill Pulte's hearing - Servicers making
mortgage payments on Loans that they approved - it will be limited
or COMPLETELY STOPPED in this Admin ... DOGE

Navy, the $301 BILLION repaid also does not include any settlements that were won by the FHFA, Rule of Law Guy's $63 BILLION won, my figure was $50 BILLION but it sounds like his is more accurate. When the lawsuits and settlements were taking place, I was expecting some kind of press release announcing the money "settlements" ostensibly for compensating FANNIE AND FREDDIE for the fraudulent loans they purchased from the banks, but the money won went to Fannie and Freddie (I believe), and shortly thereafter the settlements were SWEPT AWAY (of course) upon direction of FHFA and sent to Treasury. I do not recall ever seeing in Fannie or Freddies earnings reports or balance sheets back then SHOWING a receipt of settlement money or a transfer out of the settlements to Treasury.
We need to contact Tom Fitton at Judicial Watch to see if he can pursue this and possibly file class action on behalf of shareholders to try and claw back these settlement monies as REPARATIONS TO THE SHAREHOLDERS AND PUNITIVES FOR FRAUD!!

Has ALL this been forwarded to "Bill Pulte" new FHFA Director, so these items are NOT forgotten during RELEASE process & talks.& DOGE team to investigate what happened to $40B that went NGO

Great points everyone - I would think that it is important that these recoveries are incorporated into the IRR that Ackman has calculated. Do we know if Ackman has not included the lawsuit recoveries in the UST IRR? My guess is that this will be incorporated with the final settlement with UST to determine the final dilution for legacy common.

?
did these payments help the owners from being evicted?

That's true.....this would need to make the Pelosi list, or at least the reverse Kramer to have a legit shot

Navy, the $301 BILLION repaid also does not include any settlements that were won by the FHFA, Rule of Law Guy's $63 BILLION won, my figure was $50 BILLION but it sounds like his is more accurate. When the lawsuits and settlements were taking place, I was expecting some kind of press release announcing the money "settlements" ostensibly for compensating FANNIE AND FREDDIE for the fraudulent loans they purchased from the banks, but the money won went to Fannie and Freddie (I believe), and shortly thereafter the settlements were SWEPT AWAY (of course) upon direction of FHFA and sent to Treasury. I do not recall ever seeing in Fannie or Freddies earnings reports or balance sheets back then SHOWING a receipt of settlement money or a transfer out of the settlements to Treasury.
We need to contact Tom Fitton at Judicial Watch to see if he can pursue this and possibly file class action on behalf of shareholders to try and claw back these settlement monies as REPARATIONS TO THE SHAREHOLDERS AND PUNITIVES FOR FRAUD!!

we have a new Treasury Sec ... this tweet is what Sen Kennedy

was squawking about during Bill Pulte's hearing - Servicers making

mortgage payments on Loans that they approved - it will be limited

or COMPLETELY STOPPED in this Admin ... DOGE

“ However, under the GSE conservatorship, this $25 billion aggregate amount went directly to Treasury.” … “ FHFA used to have a webpage setting forth this information, but it has now been deleted.” …

It’s been stated numerous times on this board over the years the money went to the companies and then swept into the dark hole of the treasury included in the $301 billion. Apparently, shareholders were told to believe another lie. The 10,000 hidden documents need to be released.

Thats a terrrible settlement for Fannie & Freddie.
The fu..king FHFA and Government basically looted Fannie & Freddie in this settlements with these
18 banks.
Get DOGE to investigate the NGO receiving these Billions

This is very important so I hope you don't mind if I enhanced it just a bit!

How settements worked: there was a settlement amount which is $63 Billion from 18 banks. Every settlement had clause that if bank can give$1 Billion to the Non Government Organizations then bank can deduct $2Billion from settlement amount before giving settlement amount to the treasury.

$ to treasury=Settlement $ - 2x$ given to NGOs

Only number we know is the settlement amount which is $63B from 18 banks. Every settlement had clause that if bank can give $1B to the NGOs then bank can deduct $2B from settlement amount before giving settlement amount to the treasury.
This NGOs money is siphoned to the politicians and swamp.
This is why I hate Obama.

I think there was two part of settlement-
1. Damage amount which GSEs received it
2. Fined amount which treasury received it minus 2x amount paid to NGOs.
I donot know what happened to 5% dividend on bailout amount which was agreed under Bush. Did banks paid 5% dividend?

Another scenario to consideer is this:
Assuming some definite decision is made to Release and/or Re-list, I'm thinking people close to that decision are gonna be packin' in shares like WILD MEN before we even hear of an announcement to Release/ReList

Let Pulte and Bessent know

FHFA.gov used to have this information, but I don't see it anymore. Luckily, it's still on Propublica site. Dividend payments were due quarterly, the quarter after the "bailout" was received. Look at Fannie. The first transfer of funds from Treasury to the corporations was Q1 2009. Fannie made $25 million payments to Treasury the same quarter. The only math that works is 10% of $1 billion divided by 4. For Freddie, look at the second dividend payment of $370 million. The math is Treasury $13.8 billion + $1 billion Commitment fee = $14.8 billion divided by 4 for quarterly dividend of $370 million.

https://projects.propublica.org/bailout/entities/158-fannie-mae
https://projects.propublica.org/bailout/entities/230-freddie-mac

I don't know......

the Democrats aren't that organized, couldn't organize a two car parade....

FNMA/FMCC
Continued low pps is certainly gonna come within the
vision of Wild-Eye HawkEye Buffett when you take
into account his own admission that he "fumbled,"
the ball when he didn't buy Fannie and Freddie
when it was ripe to buy. Become a Buffett - Load Up

email from Rule of Law Guy:

FHFA Recovered $25 Billion on Behalf of the GSEs in GFC Fraud Litigation Against Originating Banks.

That Money Went to Treasury.

Shouldn't That Be Added to Treasury's Total Recovery From It's SPS?

The Answer, of course, is YES.

Which Means that Treasury has Recouped $326 Billion from its $187 billion GSE Senior Preferred Stock Investment

Rule Of Law Guy - Mar 8

READ IN APP 

It is a little recognized fact that FHFA litigated, on behalf of the GSEs, against several national banks which originated mortgages that were sold to the GSEs in the period leading up to the Great Financial Crisis in 2008, and which also led to the GSEs’ conservatorship and Treasury’s $187 billion GSE senior preferred stock investment (“SPS”).

It is an even less recognized fact that FHFA recovered some $25 billion in damages from settlements in that litigation (the consolidated case is Federal Housing Finance Agency v. Deutsche Bank AG et al, U.S. District Court, Southern District of New York, No. 11-06192, before Judge Denise Cote).

It is difficult to source these facts.

FHFA used to have a webpage setting forth this information, but it has now been deleted. For example, FHFA Office of Inspector General referred to this litigation at footnotes 35 through 39 of its report on Enterprise Reform, but FHFA has deleted the webpages to which these footnotes refer.

One source that documents FHFA’s $25 billion recovery on behalf of the GSEs comes from the website of one of the legal counsel that FHFA retained to conduct that litigation, Selendy/Gay¹

Selendy/Gay states the following, among its representative engagements:

Federal Housing Finance Agency, for over seven years in the Southern District of New York and the District of Connecticut, as lead counsel across FHFA’s entire platform of RMBS litigation, obtaining $25 billion in recoveries for U.S. taxpayers in residential mortgage-backed securities suits against Bank of America, Barclays, Citigroup, Credit Suisse, Countrywide, Deutsche Bank, First Horizon, Goldman Sachs, HSBC, JPMorgan, Merrill Lynch, RBS, and UBS.

Why is this relevant?

In the process leading up to an anticipated GSE recap/release under Trump 47, there will be negotiations between Treasury and FHFA as to what additional economic return Treasury should be entitled to in connection with Treasury’s SPS.

Treasury’s SPS investment totaled $187 billion between both Fannie Mae and Freddie Mac.

As for Treasury’s return on the SPS to date, the GSEs report in their financial statements that they have paid back to Treasury an aggregate of $301 billion (denominated under the net worth sweep provisions of the SPS as dividends).

This has resulted in Treasury earning a 11.4% IRR on its SPS. See p. 73 of Ackman’s recent GSE slide deck.

This return to Treasury of $301 billion from the GSEs is expected to be used by Treasury and FHFA to determine what additional return Treasury should be entitled to, through its 79.9% warrant position in each GSE, in connection with GSE recap/release.

Isn’t this $301 billion return figure $25 billion short of Treasury’s actual return?

The $25 billion aggregate recovery that FHFA recouped from banks’ fraudulent selling of mortgages to FHFA was the GSEs’ money, the recovery of the GSEs” damages. However, under the GSE conservatorship, this $25 billion aggregate amount went directly to Treasury.

In considering whether Treasury should cancel its SPS for no additional value in connection with GSE recap/release, shouldn’t Treasury, FHFA and the GSEs all agree that Treasury has recouped $326 billion from its investment in the SPS?

* * * * *

As always, this substack provides investment analysis, not investment advice. Do your own due diligence.

1

FHFA retained the firms Quinn Emanuel Urquhart & Sullivan and Kobre & Kim as well to represent it. Phillipe Selendy, formerly of Quinn Emmanuel, formed his own firm in 2018 after leaving his former firm, where he developed his reputation as the “go to” lawyer for mortgage fraud and misrepresentation lawsuits on behalf of plaintiffs.

Guido, that’s interesting thanks for sharing. I did not know Fannie and Freddie sent to the Treasury $25 million each paid quarterly $100 million yearly, And this was before they actually received any " bailout" … if it’s convenient will you kindly provide the page numbers on the financial statements of the companies to this information.

Fannie will say goodbye to all of Us!!

and a diamond is forever.

50x to 500x potential, still a lot of upside. big boys are loading up

Still a diamond 🔹 in the Rough!! A dollar and change just a while ago!!

There's a rumor floating around over at
Sarah's Pool Hall and Massage Parlor
that Swift Sally told 8-Ball Louie that the
sellers in our big sell off the last few days
were Democrats and/or their strawmen,
hoping to scare everyone out before THE BIG ONE!

With all FnF good news we should be sitting at $10 !!

There will be no conversion.

He pulled a fast one MayUFoolUs.

Feels a lot like when it dropped to $2.50 back in what December? I bought more FMCC at 4.51. Still will buy more if we head toward $4

I think the price drop is over and it will go back up next week. I observe that the price dropped 30% after it made new high. It happened twice already in past 2 months. This can be the third time. 

Thanks ScottaL and MRJ25 - Next we are looking for a Motion to Proceed. For Scott Turner - The Motion to Proceed - passed a week after the nomination as submitted to the Senate and Turner was Confirmed 10 Days after the nomination was submitted.

For Pulte - if the timeline is the same the Confirmation could come as early as March 16th if Cloture is required and less if Cloture is not required - assuming no USG Shutdown. I had expected March 19th for Confirmation but perhaps a few days earlier for Pulte - assuming NO USG Shutdown. Good News overall because we should be expecting Executive Orders on the Sovereign Wealth Fund and perhaps some inclusion of the GSEs in the Budget Reconciliation Bill.

https://www.congress.gov/nomination/119th-congress/13/12

Mrj25,

Thanks for all you do for the board!