Fannie Mae (QB) (FNMAI) News

.NOMINEE, OFFICE, AND PREDECESSOR REPORTED BY----EXECUTIVE CALENDAR
PREPARED UNDER THE DIRECTION OF JACKIE BARBER,
SECRETARY OF THE SENATE
By Rachel R. Creviston, Executive Clerk
ONE HUNDRED NINETEENTH CONGRESS
Monday, March 10, 2025

FEDERAL HOUSING FINANCE AGENCY
* 30 13-12 William Pulte, of Florida, to be Director of the
Federal Housing Finance Agency for a term
of five years, vice Sandra L. Thompson.
Mar 06, 2025 Reported by Mr.
Scott SC, Committee on
Banking, Housing, and Urban
Affairs, without printed
report.

Could be a consequence of actually issuing the decree in the court and thus the judge knowing this has stalled it out.

What was that... two - three years ago?

I mean 12-0 verdict ought to have meant something.

does shareholders winning the jury trial (or something else ? ) and the following make a case to unwind? let’s put our brains together and get all the loot back to the companies . i feel there is a way (no more ideas of additional lawsuits please and keep the dysfunctional congress away)

“If any order, injunction or decree is issued by any court of competent jurisdiction that vacates, modifies, amends, conditions, enjoins, stays or otherwise affects the appointment of Conservator as conservator of Seller or otherwise curtails Conservator’s powers as such conservator (except in each case any order converting the conservatorship to a receivership under Section 1367(a) of the FHE Act), Purchaser may by written notice to Conservator and Seller declare this Agreement null and void, whereupon all transfers hereunder (including the issuance of the Senior Preferred Stock and the Warrant and any funding of the Commitment) shall be rescinded and unwound and all obligations of the parties (other than to effectuate such rescission and unwind) shall immediately and automatically terminate.”
https://www.fhfa.gov/sites/default/files/2023-07/FNM-SPSPA_09-07-2008.pdf

Based on the Senate Executive Calendar, it appears that the vote for the Secretary of Laber (Chavez-DeRemer) will happen on Monday 3/10 (calendar item 29). Pulte's hearing is the next item, 30.

So, if I'm reading the Senate Calendar correctly, Pulte's hearing could potentially be on Monday after the Chavez-DeRemer vote, unless other legislation takes precedence. Maybe Tuesday, then? Either way, it seems like next week could be fun.

A second set of eyeballs on this to confirm my interpretation of the Senate Executive Calendar would be nice:
https://www.senate.gov/legislative/LIS/executive_calendar/xcalv.pdf

Whatever the case, I'm hoping the Senate is so tired of all these nominations that they'll blow through Pulte's quickly.

Warren and Co will do their performative bullying and try to make him commit to consulting with them on every decision.

Republicans will do their own performative show of concern with "serious reservations" even though they're really just rubber-stamping Trump.

Then they'll get to the vote and everyone can tell their constituents/donors how hard they fought. Here's hoping the process is short and sweet.

Good observation AlongZ...very insightful indeed.

Once again, from your lips, to you know who's ears!!!

Bill Pulte's nomination to head FHFA moves forward
https://www.freep.com/story/news/politics/2025/03/06/bill-pulte-fhfa-nomination/81766477007/
snippets:
But [Pulte} said he wanted both to "eliminate waste, fraud and abuse" where he found it, while also looking for ways to bring down soaring housing prices.
and
The committee's top Democrat, Sen. Elizabeth Warren, of Massachusetts, criticized Pulte on Thursday, however, saying he and some other nominees before the committee "failed to provide meaningful answers" to questions she posed, even though Pulte provided the Free Press with several pages of answers he gave to Warren in response to her queries.
and
Among other issues, Warren chided Pulte for failing to promise that he would block any move to privatize Fannie Mae and Freddie Mac, a subject that has been raised before. But Pulte told Warren that while he believes the federal government's conservatorship of the entities "should not be indefinite," he also said any move to change that status "must be carefully planned to ensure the safety and soundness of the housing market without putting upward pressures on mortgage rates." He also said he would work with Congress on any such move.
and
Warren also said she couldn't vote for Pulte because he had failed to provide an explanation for what she claimed were tens of thousands of previous posts that had been deleted from his account on the social media platform X prior to his nomination by Trump. In his response to Warren, Pulte said he had "routinely removed" posts from X, which was previously Twitter, since 2009.

Fannie Mae - All The Way
Freddie Mac - Not Macaroni
For Friday - Stand Away from The Launch Pad

Mortgage rates fell again this week to another 2025 low

Mounting economic uncertainty helped push rates down to 6.63%.

Thu, March 6, 2025

Homebuyers are getting more relief from high mortgage rates, but not for reasons anyone would hope for.

The average 30-year mortgage rate fell to 6.63% for the week through Wednesday, from 6.76% a week earlier, according to Freddie Mac data. The latest drop came after President Donald Trump implemented sweeping tariffs on goods imported from Canada, Mexico, and China and markets digested a string of downbeat economic data that sparked a selloff and raised new fears about a possible recession in the US.


15-year mortgage rates also dropped to 5.79%, from 5.94%.

Despite the economic uncertainty, lower rates over the last week spurred a spike in mortgage applications for home purchases and refinancings. Refinancing applications rose 37% through Friday, compared with a week earlier, according to the Mortgage Bankers Association, while purchase applications were up 9%.

“The decline in rates increases prospective homebuyers’ purchasing power and should provide a strong incentive to make a move,” Sam Khater, Freddie Mac’s chief economist, said in a statement.

Mortgage rates move largely based on expectations about future Federal Reserve interest rate policy. After tariffs took effect on Tuesday following several weaker-than-expected economic reports, traders began fretting about a potential recession and pricing in additional rate cuts later this year.

The Fed last lowered rates in late 2024 amid signs of cooling inflation, but tariffs could complicate the path to the next cut. Tariffs can push up prices while also discouraging consumer spending, a recipe for stagflation.

Thanks Guido,

Bless your heart! We're getting there.......

Maybe Ackman???

Freddie Mac reports dip in 30-year mortgage rates

Published 03/06/2025, 12:05 PM

MCLEAN, Va. - Mortgage buyer Freddie Mac, a prominent player in the Financial Services industry with a market capitalization of $17.14 billion, announced on Thursday that the 30-year fixed-rate mortgage (FRM) has experienced a significant weekly decline, averaging 6.63%, as the spring homebuying season commences. According to InvestingPro data, the company has demonstrated strong financial health with annual revenue reaching $23.44 billion. This marks the most substantial drop since mid-September, potentially enhancing the purchasing power for prospective homebuyers and offering current homeowners refinancing opportunities.

According to the Primary Mortgage Market Survey® (PMMS®), the 30-year FRM average fell from 6.76% the previous week. In comparison, the rate stood at 6.88% one year prior. The 15-year FRM also saw a decrease, averaging 5.79%, down from last week’s 5.94% and last year’s 6.22%.

This reduction in mortgage rates arrives at a strategic time, potentially stimulating the housing market by encouraging home purchases and refinancing. The refinance share of mortgage applications has reached nearly 44%, hitting its highest point since mid-December. InvestingPro analysis shows Freddie Mac’s impressive market performance, with a year-to-date return of 68.12% and a remarkable one-year return of 399.09%. For deeper insights into Freddie Mac’s financial metrics and future outlook, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.

Freddie Mac’s survey focuses on conventional, conforming, fully amortizing home purchase loans for borrowers with excellent credit who make a 20% down payment. The organization’s longstanding mission has been to maintain liquidity, stability, and affordability in the housing market, assisting families with home purchases, rentals, and retention since 1970. With an overall Financial Health Score rated as "GOOD" by InvestingPro, the company continues to demonstrate strong market presence and operational efficiency.

The reported data is based on a press release statement from Freddie Mac, providing insights into current mortgage trends as of March 6, 2025.

In other recent news, Freddie Mac reported a strong financial performance for the fourth quarter of 2024, with net income reaching $11.9 billion, marking a 13% increase year-over-year. The company’s net revenues also grew by 13%, totaling $23.9 billion, while its mortgage portfolio expanded to $3.6 trillion, a 3% increase from the previous year. These results reflect Freddie Mac’s strategic focus on affordable housing, with 53% of home loans directed towards low and moderate-income families. Additionally, Freddie Mac’s net worth increased by 25% to $59.6 billion, underscoring its strengthening position in the housing finance market. The company’s efforts in packaging mortgage-backed securities reached $411 billion, an 18% increase year-over-year, highlighting its innovative approach. Furthermore, Freddie Mac’s multifamily business reported a 67% increase in net income, driven by higher net revenues and lower provision for credit losses. Despite economic challenges, Freddie Mac continues to emphasize its role in providing liquidity and stability to the housing market.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

You're a genius Red Cloud! We should concentrate our efforts to make it clear to President Trump that Pocahontas and his other detractors are opposed to 1) release from conservatorship, and 2) shareholders getting a fair deal.

https://x.com/GuidoPerei/status/1897801554742460559

I would not loan a penny against these warrants.

I am with you, but they have to abide by the agreement.
Even, though it was a self-dealing agreement. It is screwy.

Who is currently pushing the price down? This is conspicuously manipulated. Who is afraid of rising prices?

The "Spite Factor"....

Lots of great reasons to Release and Re-List Fannie and Freddie, but one just occurred to me which we have not yet discussed: The Spite Factor.

Yes, President Trump will Release, Re-List and Repay GSE shareholders in a manner that will guarantee that Billionaires will make $Billions ( and we will all be rewarded handsomely ) in order to spite everyone who doesn't want him to do it. President Trump will privatize Fannie and Freddie because his most vocal enemies and detractors don't want him to, he's going to show them he can, he doesn't give a shit what they think, and they can't stop him no matter what.

First among them our favorite Senator from Massachusetts.
Thanks Pocahontas, for helping us all get rich!

They don’t have to sell. Put the 80% into the SWF and borrow against it. Use dividends to pay the interest.

Like you pointed out it is because HERA is LAW and SPS is an agreement. Treasury acted like they were setting the laws when they were just assuming control which they had no authority to do.

HERA does not require the treasury approval. But the SPS agreement requires treasury approval.
It is screwy.

Earlier today I saw a post on X that recommended having the Secretary of Treasury and the President get together and figure the way to release FnF from Conservatorship. The problem with that suggestion is it breaks the laws HERA. HERA forbids such activities by anyone other than the Director of FHFA, Under HERA the Director is provided with the legal authority to administer the Conservatorship or Receivership of FnF but he cannot transfer any such authorities to anyone else except perhaps an Acting Director of FHFA! Letting anyone else such as the Sec.of Treasury or the President assume a function of the Director is breaking the laws of HERA. We cannot just do what we want, the laws have to be followed. What is legal is for the Director to accept consultations with informed persons.

Behold, Pocahontas voted Nay of every Republican/DJT candidate !!

The markets are all in the red, fearing a recession, Trump's tariffs, and DOGE layoffs

I don't have access to the article. Could you please copy and paste it?

This is a great article.  Extreme warning and disclaimer.  A warm and fuzzy feeling will result.  Read at your own risk.

https://www.freep.com/story/news/politics/2025/03/06/bill-pulte-fhfa-nomination/81766477007/

The market does like uncertainty and theres alot of that currently..

Please stop with the "it's the shorts" or "it's the market makers manipulating it". You sound like the kid in the outfield who drops every fly ball and blames the sun, wind, rotation of the earth, star alignment.

$8 by Friday.

The market clearly doesn't care. I sense there is something else going on behind the scenes that might have changed the narrative.

Looks to me as if the parties manipulating these FNMA/FMCC share prices are desperately trying to make the SP's lower than that required to be uplisted.

And I believe he will get at least 60 votes to confirm as well.

Looks llke we got some genuine swamp-dwellin' vermin trading us down - may ravens overtake their homes tonight

The committee voted 15-9 to advance the nomination, with two Democrats - Sens. Angela Alsobrooks of Maryland and Ruben Gallego of Arizona - joining Republicans in support.
He was the only one that had bipartisan support.


https://www.freep.com/story/news/politics/2025/03/06/bill-pulte-fhfa-nomination/81766477007/

Was that along party lines?
Two democrats voted for Bill Pulte...

Ruben Gallego (D-Ariz.)
Angela Alsobrooks (D-Md.)

Coinnecting the Dots - The reason we've down so mulch today is because of the following stories put out on Google search for news for FNMA in the last 24 hours:
1. PHH Mortgage Receives 2024 Fannie Mae Star Performer Award for Servicing Excellence
2. Newrez Earns Fannie Mae’s Prestigious Servicer Total Achievement and Rewards™ (STAR™) Performer Recognition for 2024
3. How PHH Mortgage's Latest Fannie Mae Award Reflects Their $300B Servicing Empire
4. Planet Recognized as Fannie Mae STAR Performer for Servicing Excellence
5. Newrez Earns Fannie Mae’s Prestigious Servicer Total Achievement and Rewards™ (STAR™) Performer Recognition for 2024
Looking like giving out Awards shure doesn't help our PPS

https://x.com/iv_index/status/1897744930090762441?s=46&t=xLP2LlWgJrEMUZZ7Fum-nA

We know you have 10 million shares.

FNMA/FMCC
HOLD - HOLD - HOLD - HOLD - HOLD 'EM, TIGHT$

The Senate Banking committee was over so fast that you might have missed it if you blinked, Pocahontas monologue was the most time consuming part

Just printed $6.00.  Will we bounce back up or shatter the floor ?

$3000/share . pulte ignoring 80 million net worth lady's question, makes it even more likely

Someone posted a day or 2 ago the average timeframe from commitee vote to full confirmation vote was around 2 weeks,

so maybe the 2nd Thursday from today-3/20 maybe a possiblitiy

today is "whack a mole" day with low volume

Go FnF

our day is coming before Memorial Day if not sooner, hopefully much sooner!

1 and done from GSE prison

Rounded up to the nearest 1000 today

i hope he doesnt pulte my leg ahahahahhahaha

Anybody know when Senate votes on conformation?

Don’t worry everyone the low for the day is in! I put a bid in for $5.13 on FMCC for 1,000 shares when the bid was $5.12 and the ask was $5.14. So now it’ll just keep going up the rest of the day!

Edit: nevermind I got filled! Back above 30,000 shares again. Got a few more I’ll hopefully buy.

In the mean time where tf is Lamberth?? He hasn’t moved on this case since what July? August?? This seems like it’s stalling for no reason at this point unless it’s for Pulte confirmation?

We will close in the green.  I have a whale horn.

Good luck

When you listen to whackos like Elizabeth Warren and all her drivel, do you get the impression that she might think Fannie Mae and Freddie Mac actually make loans for home buyers?

I just purchased 320 shares at about $6.18.  I am now officially broke.  I am living paycheck to paycheck.  Next paycheck is in two weeks.  I have two jobs.