Fannie Mae (QB) (FNMAO) Share Price

Barron 2 - No name 0

Go Barron

Yes...being Groomed for Release, it seems

FNMA: Fannie Mae guaranty book of business edges up 0.3% in May

More clowns on the payroll to decrease networth.

...and NOW you'll see why it's so important that the NWS was left in place. Let the pickpocketing begin.

With the new FMCC program, Freddie will increase market share, volume and dollars to the bottom line.
Even though it will create more risk later and possibly stifle the real estate delema of having enough affordable housing. People will get second mortgages and fix up the house that they have because they can stay in their 3% rate instead of churning their house and moving up to larger or newer homes. However, Freddie has a huge new market in the second mortgage category $$$$$$$

somehow - this court in particular - makes me wonder how we do better when 100s of BIG and BIGGER decisions impacting all aspects of our life are made by 9 lifetime appointees under MQD

We need a working congress - and it is AWOL

“I thank the Committee members for their willingness to share their deep housing expertise with FHFA,”

What a clown show, here is one of Sandra's advisors:

Ozaa Echo Maker sits in her apartment at Bridger Heights in Bozeman where she lives with her 4-year-old daughter. Echo Maker is a single mom and suffers from a neurological disorder that keeps her at home. As a child, she was raised in the same low income apartment where she lives now.

https://www.bozemandailychronicle.com/news/economy/has-montana-really-solved-its-housing-crisis/article_ce7db0b2-8d6e-11ee-8445-b7c321deb752.html

FHFA Announces Inaugural Members of Federal Advisory Committee

on Affordable, Equitable, Sustainable Housing Diverse 20-member committee will

advise Director on housing needs & housing finance policies

IMMEDIATE RELEASE - 06/27/2024

Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced the inaugural members
of its Advisory Committee on Affordable, Equitable, and Sustainable Housing. The Committee will provide
non-binding advice to FHFA on how its regulated entities (Fannie Mae, Freddie Mac, and the Federal Home Loan Banks)
can best serve as a reliable and responsible source of liquidity and funding for housing finance and
community investment, including both single-family and multifamily housing.

“I thank the Committee members for their willingness to share their deep housing expertise with FHFA,”
said Director Sandra L. Thompson. “The wide-ranging factors driving the Nation’s housing affordability
challenges will be best identified and addressed with perspectives anchored in on-the-ground experience.”

FHFA publicly sought representatives from various fields to focus on an array of housing topics, including
fair housing, tenant advocacy, single-family and multifamily lending and servicing, affordable housing
development, capital markets, and technology.

Each Committee meeting will better inform FHFA's policy development, rulemaking, and community and
public engagement functions as described in the Committee’s charter. The Committee is advisory in
nature with members serving a term of two years. The Committee will convene for its first meeting this fall.

Advisory Committee on Affordable, Equitable, and Sustainable Housing:

-- Laura Arce, Senior Vice President, Economic Initiatives, UnidosUS
-- Nikitra Bailey, Executive Vice President, National Fair Housing Alliance
-- David N. Castillo, CEO, Native Community Capital
-- Ozaa EchoMaker, Leader/Organizer, Bozeman Tenants United
-- Ofo Ezeugwu, CEO & Founder, WYL.co (WhoseYourLandlord)
-- Lisa Gomez, CEO, L+M Development Partners LLC
-- Tiena Johnson Hall, Executive Director, California Housing Finance Agency
-- Alexis Iwanisziw, Senior Vice President, Policy and Communications, Inclusiv
-- Lark Mallory, President & CEO, Affordable Housing Trust Columbus/Franklin County
-- Michael Newman, General Counsel, Insurance Institute for Business & Home Safety
-- Pamela Patenaude, Principal, Granite Housing Strategies LLC
-- Sosseh Prom, National Housing Justice Director, African Communities Together
-- Janneke Ratcliffe, Vice President, Housing Finance Policy Center, Urban Institute
-- Paula Reeves, President, Affordable Housing Division, Land Home Financial
-- Sipho Simela, Founder/CEO, Matrix Rental Solutions
-- Debra W. Still, Vice Chair, Pulte Financial Services
-- Sheri Thompson, Executive Vice President, Head of Affordable Housing, Walker & Dunlop
-- Eileen Tu, Vice President, Mortgage Policy and Credit Development, Rocket Mortgage
-- John Wiechmann, President/CEO, Midwest Housing Equity Group, Inc.
-- Stacie Young, President and CEO, Community Investment Corporation

Visit FHFA’s website for more information about the Agency’s Advisory Committee on Affordable, Equitable, and Sustainable Housing.

###

The Federal Housing Finance Agency regulates Fannie Mae, Freddie Mac, and the 11 Federal Home Loan Banks. These government-sponsored enterprises provide more than $8.4 trillion in funding for the U.S. mortgage markets and financial institutions. Additional information is available at www.FHFA.gov, on Twitter @FHFAExternal link icon, YouTubeExternal link icon, Facebook,External link icon and LinkedInExternal link icon.

Contacts: MediaInq?uiries@FHFA.gov

i can't figure out, $ each may get and time it wraps up from the docket. since you follow it, you may have better inkling

Hey great comment thanks again. How is releasing the GSEs from conservatorship advocating for socialism? Hmmm. Also Treasury allegedly paid 1 billion for their equity of 1 million shares of senior preferred shares. The Jury already ruled on the LP as violating common law. Collecting the LP increased for free under the latest agreements would just trigger more of the same violations. Treasury received back all the money they loaned through the commitment thereby satisfying the requirement to protect the taxpayer. Calling the commitment dollar amount tacked on to the shares equity is just word play. I call it an illegal charge or fee attached to their 1 billion equity investment. If on the other hand Treasury bought 400 million shares of seniors your calling the outstanding LP equity might make sense. Thanks again for the comments.

It's not a loan and you ought to quit perpetuating this lie. What you're doing is what I'd call 'silent pumping'. I'm sure there are some naive people that read your comments and think you are right and every lawyer in all these lawsuits are idiots; the Collins decision means nothing; preferred equity is a loan and all this other nonsense you keep posting.

And they'll end up losing their butts because of it.

(and so did Fannie & Freddie but still held GOVT Hostage)

All 31 big banks subject to stress tests by the Federal Reserve passed the tests,
the Fed announced Wednesday. The stress scenario included a 36% decline in
home prices and an unemployment rate near 10%.

“This year’s stress test shows that large banks have sufficient capital to withstand
a highly stressful scenario and meet their minimum capital ratios,” said Michael Barr,
vice chair for supervision at the Fed.

Congress Ponders Partial Claims Program for VA on par w FHA, Fannie & Freddie

mhogan@imfpubs.com

A bill to establish a partial claim loss-mitigation option at the Department of Veterans Affairs,
bringing the VA home loan program on par with FHA, Fannie Mae and Freddie Mac, needs
some revisions, according to industry participants.

The House Committee on Veterans Affairs Subcommittee on Economic Opportunity recently
held a hearing that included feedback on H.R. 8647, the VA Home Loan Program Reform Act.

Flat Branch Home Loans CEO Karen Kreutziger Powell, testifying on behalf of the Mortgage
Bankers Association, welcomed the legislation, calling it “a standard, simple and time-tested
foreclosure prevention solution available to borrowers in other federal housing programs.”

Powell suggested some changes to the bill. For example, she said VA shouldn’t require the
borrower to repay interest on a partial claim. “No other government program requires a
repayment of the partial claim with interest, and we urge amendments to the bill to achieve
parity with other federal housing programs.”

John Bell, executive director of the VA Home Loan Guaranty Service, said the agency doesn’t
support the partial claims bill without amendments.

Hey great comment thanks again. How is releasing the GSEs from conservatorship advocating for socialism? Hmmm. Also Treasury allegedly paid 1 billion for their equity of 1 million shares of senior preferred shares. The Jury already ruled on the LP as violating common law. Collecting the LP increased for free under the latest agreements would just trigger more of the same violations. Treasury received back all the money they loaned through the commitment thereby satisfying the requirement to protect the taxpayer. Calling the commitment dollar amount tacked on to the shares equity is just word play. I call it an illegal charge or fee attached to their 1 billion equity investment. If on the other hand Treasury bought 400 million shares of seniors your calling the outstanding LP equity might make sense. Thanks again for the comments.

Watch the Docket.

https://www.docketbird.com/court-cases/In-re-Libor-Based-Financial-Instruments-Antitrust-Litigation/nysd-1:2011-md-02262



Ron

A fool with foolish comments.

Oh wow. He who puts his hands in the honey eventually licks his fingers.

stock

the GOV no longer gets CASH ---- which it did for years and years

So - indeed - IMO - Biden could do it right now (as could of DJT for two years minimum) ----- and as noted prior - WHILE the GOV holds the potential 80% it should tell FHFA to suspend the guarantee free and cut mortgage rates by 1/2 point over night

yes - letting the obligation fade is bad politics - D and R

but - the PR is - we (Treasury - Obama Trump Biden) got 300B on the 200B ---- and in my guess of the future they still hold the right to 80% of the company with no further investment - i.e. 100-200B more profit over 10 years

so it is not forgiven - it was paid off -- in the PR

In any event HERA did not amend the Charter to allow this type of agreement.

That's exactly what HERA did.

I don’t believe there will be any cram down, I don’t believe that warrants will be exercised. I believe the conservatorship will continue until it is no longer politically advantageous to continue. At that time I believe the GSEs will be released with the terms of the SPSPA cancelled by an agreement and announced as saying look how great we are for solving the home financing system and protecting the taxpayers while doing it.

And your beliefs are based on what exactly? Hope.

There is nothing throughout the history of the conservatorship that points to the government/Treasury becoming charitable to shareholders - JPS or commons.

This windfall you hope for is just nonsense. It's not happening.

It's a bitch when your ignore list on this godforsaken site grows faster than share price appreciation.

clayton
“Treasury cannot be accused of transferring any economic value to the “investors,” i.e. the owners of the pre-conservatorship common and preferred shares. Since those investors are now dominated by institutions, such as private equity or hedge funds, that purchased their shares at steep discounts after the two companies were placed in conservatorship, anything that looks like a windfall to them will be subject to substantial criticism by virtually every Democrat in Congress, and also probably many Republicans as well.”

replace pre-conservatorship with pre-nws and is a good compromise. i am personally good with pre-conservatorship too. but the investors who were part of rescue and invested in post conservatorship i.e. pre –nws should be rewarded as well. 19.9% of company should go them, only to them. imo. also need to include those who had to sell but bought pre nws on record.

It doesn't matter who wins in November, the GSE's won't even be a topic of conversation until 2026.

ron, when do you think this happens? and what impact on bottomline of each?

serious about it. the lamberth jury trial judgment money , all of it should be divided only among those who owned shares pre nws. think about it. as the ex ceo of fannie wrote that govt does not want these hedge fund rats to make a ton of money. they all got it post nws and now flooded fhfa with lawsuits that went nowhere. the sane solution is 19.9% of the company should be owned by those who bought pre nws and should be rewarded even if they sold. i do understand the theory that rights travel with shares but what right? this is unusual situation.

fraud?

the green light is great for us ?

Gov would argue

Consideration was given by and to both sides ----- e.g. GOV was backing all paper "and built a clear path to infuse up to 100B" --- that to me is worth more than 1B cash

agree

and - with my "type of mind" (that sees the GRAY in many - most situations and contract wording ) I may never fully understand with certainty

I still do not understand why you used the word borrow which then directly leads to interest etc.

Keep in mind - I own a fair amount (in shares) of common and JPS - FNMA and FMCC - and from where I sit the main problem to a higher PPS (a big jump) is the 200B overhang (not 4B more shares or such).

That 200B (fair or not) seems to be a serious and massive threat to the value of any future PPS of current FNMA common AND JPS shares. IMO, once that is removed - even with some Warrants dilution - we jumped say 5X that day even if we do not know the exact nature of the future F and F or FF. At that point - at say 10 a share we can decide (individually) if we want to stay for the 100% new company we own (and maybe $20 or $30 or ?) --- given at that point we should have a clear knowledge we own 20% or 40% or whatever of FNMA not to be further diluted beyond beating us up from 100% to 20% or 40% or ?)

Very directly

What is the difference if money -cash - moved?

I hear you

Would the GOV argue that the language of the amendment --- that created this argued over "instrument - equity - obligation" call the variable LP Senior Preferred Stock - mutes or "combats" the

"the Law “Charter Act” forbids or prohibits the USA including Treasury from imposing any “charge” or “fee” on the purchase of any obligation, mbs, or security issued by FNMA."

From a non lawyer and not fully informed view - seems that one can argue that the HERA created paper - obligation - is the amendment to that prohibition ?

https://freddiemac.gcs-web.com/news-releases/news-release-details/freddie-mac-publishes-2023-sustainability-report/

interesting
I am not a lawyer - and also have not read every sentence of all documents OR other situations that may have some precedent value

I can see why the LP can be called a charge

At same time ---- without direct knowledge of the "wording" - I have viewed the LP as the "counter"

Regardless of amount invested by the GOV in dollars - or gained in dividends - the # of shares and the value per share of the SP stock does not change (there is no market and it was not designed to change up or down). Thus there has to be a way to count up - to count - the amount invested - thus the LP takes on that role . The below is cut and paste and followed by a serious question

If FNMA takes treasuries money, then in consideration of that money, FNMA must give treasury warrants for common stock, and must attach the money borrowed plus 10% (later NWS) to each share of the Senior Preferred.

My question ---- in the context that what I did read over the years uses the words stock - dividends - investment ---- and not loan ------ Why do you say the "money is borrowed "? And if you believe it is borrowed is the 10% then interest? Summary point :: As you have all the language - does the paperwork - agreements - covenants - whatever -- as written by GOV --- every use the words loan or borrowed or interest ? My impression has always been the words would be investment - equity - and dividends ---- which makes a huge difference. The GOV did not call this senior debt paper but LP associated equity (and yes there is clear absolute discussion of FEES - but those IMO are neither interest nor dividends but fees) Second question --- Even if it requires a stretch --- do you think the paperwork would flat out allow FNMA and or Freddie to call in the SR Preferred Paper via issuing warrants (the original or some more ?) I am always looking for more ways the GOV can wipe out the full LP counted SP obligation (and believe GOV (Treasury) can do so now already)

Possibly not.

you and your other hedge fund traders are responsible for the delay. you bought in 2014 knowing of nws. what the hell you are crying about? folks like me who bought pre 2008 as well as added pre nws should be compensated first even though i had to sell my shares due to financial need. do you get the fact that you should have no right to shout about nws? and the lamberth trial is frivolous for those who bought after nws as they did not even suffer a loss, the trial awards for one day drop in price as nws was announced and you did not even own it then as you bought in 2014. talk about greed and sham.

As long as the company man has it on his to do list, it's gonna be a long wait. There are no rules any longer.

Only in Manhattan!

Check back mid July.🤞

Will the 8-0 jury trial ever get certified?

It’s like today’s generation that just ghosts you until you go away and give up because they just ignore a reply or an answer.

Does anyone know of there is a deadline for this and has the judge already ignored it and is just not going to do anything?

Are the lawyers that won this jury trial doing anything to get this certified or just playing golf and billing more hours?

Unreal how nothing ever gets done here

A possible attack with "Chevron" has been defused before it happens, over on the Fanniegate hashtag.
Pagliara's clerk has already began to spread this theory in this message board.
In yesterday's post, it's clear that the statutory provisions aren't up for interpretation, as all roads lead to Rome. Therefore, the Chevron doctrine doesn't apply in our case.
It was also defused the rhetoric "unaccountable Agency" and "abusive conservator".

The Supreme Court is expected to either overturn or limit Chevron deference.
It was also defused the aftermath of a first attack with Chevron, already pointed out by the GOP.


We've got it covered. Trump is the mastermind of the NWS 2.0 (same Common Equity Sweep as before), that began with the Mnuchin-Watt combo on December 2017 ($3B SPS LP increased for free), when they were warned by a shareholder that the SPSPA is void as of 2018, because the 3rd PA amendment had a target of $0 Net Worth in 2018, a breach of the Charter Act that requires the management to have a minimum Net Worth.

The NWS 2.0 continued with Calabria.
A #SCOTUS decision re #Chevron that establishes deference for administrative action, can't be used in #Fanniegate for the "Blame DeMarco doctrine".
He deliberately enacted the supplemental CFR1237.12,enabling a follow-on Separate Acct plan.#Trump built on it: Gifted SPS(NWS 2.0) https://t.co/9N0M7imwTP— Conservatives against Trump (@CarlosVignote) June 26, 2024
NWS 2.0 concealed on the Balance Sheets:


It only shows up on the Income Statements: $0 EPS.

The same you replied with your alias "HappyAlways", contending that you wanted to continue to call the dividend payments "interests".
I will not stop using the word contract.
Under the Separate Account plan, the SPSPA is lawful.
The dividend was impeccably suspended.
“SEPARATE ACCOUNT FOR THE REPAYMENT OF PRINCIPAL”. This statement is confusing the reader
Alright. I will speak your language, so you can understand it better: 💩🩲💩🩲... Get it now?

1989 statutory provision. FHLBanks.

"He is a lawyer that represents himself" and 50+ aliases on Ihub.

Overheard at Kelly's Pool Parlor
Eight-Ball Louie said he's loadin' up tomorrow on Fannie Mae

That is of zero worth to us

Up 4.38%. Nice. A hedge fund trader i know bought recently on the decline. Fwiw

The Derivative Market Needs to Pay Up.

I find it interesting that I posted two related posts on COOP, and on LEHNQ, FNMA regarding the value of investments in ABS/RMBS.
I received no relevant response!

The point is that the performing ABS/RMBS make all four corporations solvent.
All four are awaiting the Derivative insurance contracts to pay up.
Resolution releases the accumulation of funds with interest for the ABS/RMBS.



Ron

FNF Closing prices today - Last minutes SHOPPING !!
FNMA - 1.3100+0.0600 (+4.80%) At close: 03:59PM EDT
FMCC - 1.2500+0.0900 (+7.76%) At close: 03:59PM EDT

Hahahahasnork. Polls shifting to Kamala Word Salad.

He was reportedly instrumental in getting a young Joe Biden's political career off the ground. Unfortunately, the older Joe Biden appears to have forgotten who Gary Hindes is. Hindes probably doesn't want to embarrass the President. If I recall correctly, he only published one article during the current administration. I am confident he'll be more vocal in the next.

Market makers will bleed buyers on ANY sizeable buy - especially "larger" orders at the end of the day, but overall volume on both Fannie & Freddier were pretty anemic today. Both yesterday and today were below average volume. We'll see tomorrow.

Yes, the finish suggests that some big announcement is coming. Maybe Lamberth's ruling?

The way the polls are shifting, we better be ready for what Kamala Harris thinks as well on GSE reform strategy

I know, its not a popular opinion or option on this board, but that could be the truth as well