Fannie Mae (QB) (FNMAO) Share Price

I thought that would be obvious to both parties--and several people, including me, expressed that to both Ds and Rs--but got NO response.

Going forward, I think there's a better chance for relief from Conservatorship, if Harris wins, given her announced housing plans; but, because of the historic opponents, and their largely GOP/MAGA pentient, I don't see it if DJT wins.

3 more million shares traded (40% more from the 8.5m) without allowing it to move a penny. Go figure 

Closing price $1.39 not that great.  Guess we have to wait and see what happens tonight.  Virtually everyone in the country will be glued to their television screen.  $5 by Friday if orange season arrives this week.

8.5 M shares traded and only 0.05cents. Let's see how long they can keep the lid on 

I see a double the volume style in power hour before market closes

Male or female one of them will release in the meantime let’s fill the lower opening gap this morning and celebrate tomorrow when we watch the higher gap around $2 fill before we really super blast off.

Tomorrow, today we need to fill $1.325 load up

NeoSunTzu, I do know this is no misconception on your part, you get it, but many do not.

When well respected writers make a statement that the Senior Preferred Stock can never be paid back readers believe it never considering Federal Law for themself.

Example: Quote: "The PSPAs had one feature unique to Fannie and Freddie: draws of senior preferred stock from Treasury were not repayable, meaning that dividends on any draws had to be paid in perpetuity. No other regulator in the world, at any time or under any set of circumstances, ever had used non-repayable senior preferred stock as a vehicle for rescuing an institution in crisis, or for any other purpose." End of Quote The above quoted statement is not true.

Link: https://howardonmortgagefinance.com/2015/07/

The Senior Preferred Stock Purchase Agreement is not a law: The SPSPA is an illegal contract between Treasury and FHFA as conservator of the two companies. The Charter Act, FHEFSSA and HERA passed by Congress is the supreme law of the land that governs the two companies.

Federal Law allows the FHFA Director to pay down the Senior Preferred Stock.

Explained: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175333886

Oh no the gains are evaporating.  Someone do something.

Agreed! You can't get 9 woman pregnant & try to have a baby in 30 Days! Something's just take time!

Time is the enemy

Delay

Delay

Delay

Until all the shareholders go away

They don’t want any of us shareholders

Time wins every time

“We need a miracle”-grateful dead

Hopefully right guy wins today

unfortunately, and i am long on this stock, mnuchin said, FNMA owes us alot of money, so he thought that we still owed the 180 billion dollars and hadnt paid a cent off on it, we are up against some bigtime crooks, i will settle for 25 share at this point

Beta!

10 cent doesn't excite me i'm waiting for Freedom

@Rodney:
Misconception: >the original arrangement that created the senior preferred shares
>the inablility to EVER repay the "loan" principal.

This is NOT a misconception on my part; it is a misconception, or rather deception on the part of those that have been executing this c'ship charade which is EXACTLY what I was calling out in my post if you read it carefully. The government repeatedly states all the repayments thus far are "dividends" that the companies are partially still in c'ship because of the large capital deficit mainly due to this large govt assistance that they state has not been repaid. We all know this is financial nonsense. If you are just pointing it out to others that is fine, BUT my entire point of that post was to call out ALL that was not real, not acceptable, or just plain bullshit that should all stand against ANY court ever sanctioning execution of the warrants or ANYONE EVER paying the government more as if they own 90% of these companies - THEY DO NOT!

Side note: today's rise looks like manipulation and deception in the other direction today if you look at the trading - it goes both ways. Not sure, but I am wary of the price rise in relation to the volume and seeing all the large sells today.

they can

again
there are scenarios with the SP that GOV can have 99%+ of common

I can live with 10% in our hands - if sooner v later - time to get to double digit PPS

$FNMA We should easily pass $1.50 today with above average volume. pic.twitter.com/59YfjwMEkC— Rick Nagra (@RickNagra) November 5, 2024

You are a very wise individual. ;)

Final hour of the market will be a good indicator of the days to xome

Rick, you are purely an unadulterated genius and gentleman and scholar!!

Freddy’s now up .13 let’s go!!!!!

yes i agree, i will settle for 25$ at this point, just do it soop dammit, i have been tied up with this $100,000 investment since 2014, its killing me

I hope you make $30+ per share on those inside the next year!!!!!

150 Billion dollars companies John Paulson Interview on Squawk mentioning GSEs

Release GSEs Fannie & Freddie, Treasury will have roughly 90% of companies in equity, sell equity and Treasury will get roughly $150Billion.

Make this Man Treasury Secretary pic.twitter.com/ScYiOaRnjz— Tony Castelluccio (@T_Castelluccio) November 4, 2024

I bought more shares yesterday afternoon at $1.32 and I'm now up approximately 6% and climbing.  Maybe I am a genius after all. Go figure.

Freddie’s up .08 let’s go!!!

I've been on this ride for a while but today feels like the start of a new chapter. Things are going to get wild.

Investors who are buying Truth Social are also gobbling up FNMA but only the commons.  Nice.

$1.40

Today is take out the trash day not recycle the trash day!
Boom!
GLTA

last day to cleanup incompetent garbage

If you owe a loan shark more money than you have on hand, what happens?

They take all of your money.
They also take your GSE puppies.
They take your wife.
They take your kids.

What the Treasury will take is 99.99% of common equity.

I hope you are right

but regarding your comment

The courts will NOT set a precedent for the government to violate the spirit and nature of the takings clause,

1. Indirectly the courts HAVE ALLOWED that violation - over and over - with "different avenues of lies"
2. And if the courts actually say a takings occurred and money is owed ----- we have seen one case where something in this type of situation brought 5 cents to common (around the NWS I think)

But I hope you are right ----- but logic and correctness DOES NOT RULE with the GSEs so far

per 50 prior posts - I will GLADLY own just 20% of Fannie - due to dilution 4:1 from warrants as PPS is still likely in 25 PPS zone

here - in top down approach - for GOV to own 90% that is in the same zone - say 6B shares

And again our PPS - if correct - will be > $20

best I understand that is correct but wrong

if one counts the obligation that Treasury imposes of 200B from SP - then the GSEs are not at that level or even close

is that correct --- it is a yes and no answer depending on if TREASURY keeps on using it 200B negative

Furthermore, if warrants were ownership or if exercised then trillions of dollars of debt would be added to the massive debt the US has accumulated. This would probably result in a credit rating downgrade for US government debt. One more reason (and the biggest, in my opinion) as to why they will never exercise the warrants.
With Fannie and Freddie under government control as it stands right now their debt should be on the government books in my opinion. They say the shareholders still own the companies, but for all of these years what have we owned? The government owns these companies until released and pressure should have been brought to the ratings agencies, but they are in cahoots with each other anyways.

Tightcoil, you know what to do!

This is our day Fannie Packers! Go Vote!

Oh wow.  Big day on deck.  This is it.  The whales have been summoned via my whale horn.  They will arrive by the pods shortly just in time for the morning ding ding ding.  They will slap the ASK no doubt in large enormous gigantic ludicrous unbelievable mammoth tremendous dinosaur amounts.  Make no mistake.  So please be prepared for your brokerage account to balloon out to the point where you might have to visit a weight loss clinic or Jenny Craig or Weight Watchers.  I am WhaleBalls.

Federal Law allows the FHFA Director to pay down the Senior Preferred Stock.

Misconception: >the original arrangement that created the senior preferred shares
>the inablility to EVER repay the "loan" principal.

It’s bad faith and unfair dealing when the Regulator is authorized to pay down the Senior Preferred Stock and sent the Net Worth without the pay down option. The FHFA Director doesn’t need the Treasury approval to pay down the Senior Preferred Stock the Director has the authority from Congress written in HERA:

HOUSING AND ECONOMIC RECOVERY ACT OF 2008

RESTRICTION ON CAPITAL DISTRIBUTIONS.— page 2731
‘‘(1) IN GENERAL.—A regulated entity shall make no capital distribution if, after making the distribution, the regulated entity would be undercapitalized. The exception.

Quote: “Page 2732

EXCEPTION.—Notwithstanding paragraph (1), the Director may permit a regulated entity, to the extent appropriate or applicable, to repurchase, redeem, retire, or otherwise acquire shares or ownership interests if the repurchase, redemption, retirement, or other acquisition— ‘‘(A) is made in connection with the issuance of additional shares or obligations of the regulated entity in at least an equivalent amount; and ‘‘(B) will reduce the financial obligations of the regulated entity or otherwise improve the financial condition of the entity.’’.

NOTE: REPURCHASE, REDEEM, RETIRE...

WILL REDUCE THE FINANCIAL OBLIGATIONS OF THE REGULATED ENTITY.

Link: https://www.congress.gov/110/plaws/publ289/PLAW-110publ289.pdf

In essence allows the trustees of Fannie and Freddie to go to the market at any time to raise new capital, including new capital with lower dividend coupons, to buy back the Treasury’s senior preferred. Any loyal conservator of Fannie and Freddie would take advantage of this refinancing option to end the bailout arrangement, by paying off the senior preferred in full. The Treasury did not take a Perpetual Equity Investment in the enterprises, the Treasury stated a temporary investment period!

No, the gov does not have a 90% claim. if Treasury takes any amount of equity from shareholders it will be considered stolen property under federal law. The Treasury and FHFA illegal exaction due to violating Federal statutes all monies with interest should be returned to the companies. Neither the Charter Act nor did HERA authorize the Treasury to charge a commitment fee on a line of credit to be paid by the Enterprise.

Illegal exaction explained:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174797511

You need to understand Fannie was no where near bankruptcy. No need to cash in on an insurance policy. Can’t make a claim if no losses.

Congressman Alan Grayson Discusses Fannie Mae's use of Derivatives with James Lockhart of the FHFA. Hearing on June 3, 2009.

Time 5:00: Mr. Alan Grayson, Quote: “If those losses are only 192 million dollars how could 192-million-dollar loss result in a 100 billion dollar plus loss to the Taxpayer how is that possible?” End of Quote.

Mr. Lockhart of the FHFA answers, “Had to put up reserves, ooh ooh aha aha ooh aha, reserves, ooh ooh aha ooh, put up reserves for loans, aha aha aha ooh, if you think you cannot recover and loans aha aha ooh and that's what happened.” Reserves... (not an exact word for word quote of Mr. Lockhart).

Note: “If you think you cannot recover.” (Mr. Lockhart).

Time 5:55: Follow up question; Mr. Alan Grayson, Quote: “I still don't have a clear understanding from you about how a relative tiny amount like a 192 million dollar of unpaid mortgage interest on what is a trillion-dollar portfolio how that could possibly lead to Taxpayer shell out a 100 billion dollars plus.” End of Quote.

Mr. Lockhart attempts to explain the need to build up reserves... reserves... reserves...
Reserves Fannie Mae never needed.

Congressman Grayson referred to page 78 of June 30, 2008, 10Q. A relative tiny amount like a 192 million dollar of unpaid mortgage interest on what is a trillion-dollar portfolio how that could lead to a Taxpayer shell out a 100 billion dollars plus.

Facts: Page 7 “Our core capital as of June 30, 2008, was $47.0 billion, $14.3 billion above our statutory minimum capital requirement and $9.4 billion above our regulator-directed 15% surplus requirement.”

Link may not continue to work the discussion took place. You can google it on you tube.

Unfortunately, the govt has like 90% claim on it.

You Need to Read My Posts Again.

The Derivative’s insured the ABS/MBS losses.



Ron

Stock sales will be purchased by institutions since the GSEs will be included in the S&P 500. It will take time but the GSEs are too large and will have relatively large dividends which will make institutions majority holders of the GSEs.

This is a companies worth 150 B$ ha ha

Incoming trips for preferreds.

Incoming nickel for commons.

if they can and " likely "

why haven't they yet 

Exactly

Fat Sandra not doing her job.