Fannie Mae (QB) (FNMAK) News

It will be Free Fiddy tomorrow!!

https://x.com/FreeFannie/status/1874956287697715541?t=jC0ubqD4-gIoQCm2C9wb2Q&s=19

Its meaningless when both parties are controlled by the executive branch... and are self dealing... its one and the same... a total sham.

Oh FFS...

I don't see why the LP ratchet can be called "stealing" because even before it came into existence in September 2019, junior pref and common shareholders already didn't have rights to any of FnF's equity.

C'mon, you know as well as the rest of us that common shareholders DO HAVE rights to receive their share of profits, and that FHFA/GSEs violated the shareholder agreement when they arbitrarily agreed to give all the profits to Treasury. If they didn't have any rights to FnF equity, they wouldn't even be able to bring the lawsuit, let alone win it.

Why is this last line so important ?

Last line of Side Letter tells you everything
Amendments; Termination. This Side Letter may be amended, modified, waived, or terminated only by a written instrument signed by each party hereto.

They don't have to shut up per se

Your autosignature and your previous comments disagree with you. "File your own lawsuit or shut up" are the exact words used. This makes you a hypocrite. Or maybe you don't know what "per se" means?

I don't think any of the three interested parties (Treasury, junior pref holders, outside capital) will agree to a certain number of common shares without knowing what the other parties will get. Thus it would have to all happen at once.

Kudos on phrasing this as an opinion rather than a fact. Maybe you are making progress?

It's reporting, albeit from a second-hand source that I place a lot of trust in.

Pure speculation on the reason the 2020 plan was not executed is not reporting, at least not in the sense that there is any verifiable facts that can be checked. Today's news is mostly opinion pieces and political rhetoric. Maybe you are using the word "reporting" to avoid using the word "FACT."

It's hard to place much trust in Ackman's knowledge of the GSE situation when he gets basic facts wrong
Well, perhaps you should correct him? File a rebuttal on X or shut up? You just claiming he's wrong without taking action is just credibility posturing on your part. Sound familiar???? You probably think it's ridiculous when someone asks you to do something similar to what you are expecting others to do.

Z man, glad u made it back from Russian front in Siberia, please go dig Arnold back up, we need him for GSE success.

Looks pretty bad... it basically says the only way they can be released is through a receivership... which we all know to be BS.

Thankfully, this will be short lived and the new administration can fix this new disaster..

Lordy, these people, yellen and thompson... what clowns.

it was MC who claimed it was up to Congress to do something not him or Treasury, when he was in, he does 180s and 360s better than Tanya Harding.

Biden aint got time, nor the mental capacity

Don't care who does it just don't screw us. Get'er done!!!!

Brandon is trying to steal the show. You do not have to be smart to do the deal. He read the Trump's book Art of the deal.

Exchange of letters between the FHFA and Treasury.

Link: https://www.fhfa.gov/document/letter-agreements-and-side-letter-executed-by-ust-and-fhfa.pdf

Catman on latest development ...

At $5 real hedge funds step in

Nothing moves until along and cousin Arnold says it moves. Where are we at?

Thanks Bud, appreciate real news

$300B, but who is counting

Good and timely post. Way better than 3:10 to Yuma Boom BS.

this news just came out tonight? this should have a positive effect tomorrow?

They know DJT doesn't need them for release. One thing is obvious: they are thieves that are trapped. This is gonna be great for all who persevered this theft for all these years!

Biden may release GSE, Use warrants $ towards multi-family housing

Biden can give warrants back to GSE with agreements to apply $200B generated from warrants in the future financing for multi-family buildings.

Significant development because they're corner-trapped raccoons. I'll take it. Nevertheless, it's time to truly blast off. 

Treasury Wins Back Role in ‘Eventual Release’ of Fannie, Freddie

Josh Wingrove, Christopher Condon and Patrick Clark

Thu, January 2, 2025

https://finance.yahoo.com/news/us-treasury-wins-back-key-213919257.html

In This Article:

(Bloomberg) -- The agencies that control mortgage giants Fannie Mae and Freddie Mac set out a roadmap for releasing the pair from government supervision, reinstating the US Treasury’s power to approve any such plan in a bid to keep the process “orderly.”

Thanks for sharing...I should have seen this earlier during trading today as I was about to buy more but forgot. Hopefully they won't shoot up right away tomorrow.

But I am happy I held onto my FNMA @ 1.04, FMCC @ 0.83, FNMAO @ $4.08, FNMAT @ 1.64, FNMAM @ $9.15 that I bought in my various Roth accounts. I just checked my accounts today and couldn't believe my eyes that they appreciated so much, especially the Preferreds that I bought to 'Hedge' my Commons.

Should I sell some Preferreds and 'exchange them' into Commons OR do you guys thinks I should not do that?

Thanks Very Much for all knowledgeable posters who gave me Hope to hold on steadfastly onto my FnF positions for almost 12 years now.

No, not happy that there were are will be thieves, who will walk away unpunished.

I read something similar to the following on an alley wall in Bristol, England: "You don't need city permits to build castles in the air". So, although I don't speak for Ackman, forgive me while I build my air castle.

President Biden is taking a lot of actions to preempt President Trump. The grandest would be releasing Fannie and Freddie from conservatorship before Trump's billionaire supporters get to benefit on Trump's timeline for their release.

Like I said: air castles.

Thanks Pal, you carry a lot of weight. Keep dem posts a comming Bro

Even if the exit takes 2 years the PPS should be much higher at this time.
I like to believe that exit will happen much sooner.

FYI -

Bessent is the nominee!!

Official announcement pending

Just be happy that conservatorship will end in 1-2 years. Target price $30 in the short term and over $100 in the long term.

C-ship should have ended six months into it - this agency needs to say it’s sorry it wronged Shareholders. Don’t want to, that’s okay - no more agency

Great catch!!

Last line of Side Letter tells you everything
Amendments; Termination. This Side Letter may be amended, modified, waived, or terminated only by a written instrument signed by each party hereto.

Warriors!  Great News! Great News! Let the PPS keep increasing, for the next 1-2  years,  as they "Work out the details" & keep providing information!  

C-ship should have ended six months into it - this agency needs to say it’s sorry it wronged Shareholders. Don’t want to, that’s okay - no more agency.

Even with Biden admin, FnF will be released in the next 4 years. Now with Trump admin, the FnF will be released with agility and efficiency. Minority shareholders will be treated with fairness and good faith. Everyone will be happy.

Way better than what wanna be squid posts. This isn't no 3:10 Yuma BS, real news with actual pps impact.

You are the new GSE Profet

FHFA has just been handcuffed and are in the hands of the UST now. It’s the first step in ending the Conservatorship in its entirety.

It this is a tennis game then it is $15 - love

He speaks again….. https://x.com/billackman/status/1874957250265247979?s=61

https://x.com/joshrosner/status/1874975622428303742?s=46

BOOM! BANG!

$MAGA, $BOOM, $BAZINGA

Thanks pal

Very hurtful son. Specify what I posted you believe to be incorrect/inaccurate.

Your FMCC Shippy

More GSE exit attention !

Undo - yes

But I am asking why is ackmann saying this agreement is a step to exit

https://x.com/alec_mazo/status/1874967123220681169?s=46&t=xLP2LlWgJrEMUZZ7Fum-nA

$MAGA $Boooom $BAZINGA!

How? Their successors have the same authority to undo everything!

Anything this administration does the next can undo just as easy... really only congress can make concrete changes...