Fannie Mae (QB) (FNMAN) Share Price

Let everyone know you took out a signature loan and have been paying interest for close to a decade..

Awesome investment strategy right and you still try to act like you’re some sort of investment genius… it’s laughable…

Im not sure if English is yiur 2nd language or this is a ted kaczynski manifesto type manifesto…

Just seems like ramblings of an incoherent nut…

I know exactly what you have posted on this board in the past….

Are you now denying your didn’t post on here you didn’t need your father to refinance your loans?

I just let me know you were not honest when you posted that….

Primarily, it's an agreement (Purchase Agreement). So, don't say "contract" when the written text says "agreement".

Secondly, the SPSPA must be read in the context of having two laws in force (the FHEFSSA and the Charter Act, as amended by HERA), and it cannot be read in an isolated form, and, specifically, we must pay close attention to the Incidental Power of the conservator, because it allows it to "take any action authorized by this section, in the best interests of the FHFA."
Then, first of all, anyone should have spotted the multiple and ongoing statutory breaches:
-Restriction on Capital Distributions. Exceptions.
-FHFA-C's Rehab power, about building capital (soundness) and reducing debentures (solvency), where the reduction of SPS fits in. A statutory mission spotted by Gary Hindes, but later he removed this claim in an amended complaint. Source.
-The Fee Limitation clause, to see that the original rate similar to Treasuries prevails (estimated at a weighted-average 1.8% cumulative dividend rate with a spread over Treasuries of 0.5%), in exchage for their Public Mission (section Purposes).
-Etc.

Or spot what HERA struck in the FHEFSSA, like the MANDATORY release from a conservatorship for Critically Undercaptialized enterprises, with a Capital Classification of Undercapitalized: Core Capital or Tier 1 capital > 2.5% of adjusted total assets nowadays. Which implies that FnF have to build capital during conservatorship for their financial rehabilitation.

Or spot what Calabria forgot to include in the FHEFSSA with his amendment of HERA: the typical 18-month IMPLEMENTATION provision when a law requires changes, that has allowed a "back-end Capital Rule" (revealed after the Transition Period to build capital and not before as usual), in an attempt to mislead us ("The capital built is gone!", with Pagliara's clerk, Guido, repeating it in his daily crazy tweets).

Finally, spot that the FHFA and the UST already carried out a Separate Account plan with the FHLBanks in 1989, through the statutory provision entitled SEPARATE ACCOUNT FOR THE REPAYMENT OF PRINCIPAL: amounts reinvested in zero coupon Treasuries, so the face value matches the principal at maturity, and the Treasury Department in charge of calculating the discount rate for this scheme.

All in, anyone could have come up with the idea of a Separate Account with FnF as well, because it's a plan that legalizes all the aforementioned statutory breaches, thanks to the Incidental Power "any action".
Therefore, anyone can come to the conclusion that the capital distributions necessarily have been assessments sent to Treasury, just like the FHLBs did (too bad that they had to pay $300mll in interests annually. A 10% interest rate with a 0.299% spread over Treasuries), under the guise of capital distributions, applied towards the exceptions in the law (Applied towards the reduction of SPS in full, as dividends are restricted, as per the U.S. Code 4614(e). Later on, the July 20, 2011 CFR 1237.12 added another exception, either 1, 2, 3 and 4: "For their Recapitalization outside their Balance Sheets". External Position), otherwise they are restricted and a breach of the FHFA-C's Rehab power (soundness).

Also, it complies with all the financial concepts, because a dividend wasn't available if it's a distribution of Earnings, and it's been Accumulated Deficit Retained Earnings accounts all along.

It includes the SPS LP increased for free as compensation to UST, another capital distribution like a dividend payment. Necessarily, the common equity being reduced as a result (concealed with Financial Statement fraud: gifted SPS and its offset, absent from the balance sheets), is held in escrow (the necessary CET1 for recap.)

BOTTOM LINE
This is why the plotters cling to "SPSPA, a contract", so the broad picture with the laws in force goes unnoticed.
Laws covered up in court to that end. This why the abuse of court process has been an essential tool by the plotters.

Now it's when the SPSPA is lawful in its entirety, thanks to the FHFA-C's incidental Power: "Zing!".
There is nothing up for interpretation in the law, or Chevron doctrine, but it's been all about people playing the fool.
Timothy Howard recently in his blog: "Separate Account? I don't know what that means", when it's the title of a statutory provision for the FHLBs when he was CFO of Fannie Mae. He must have heard of it for sure.

"May" in the power, doesn't mean that the conservator is excused from complying with its statutory mission, once the capital has been generated. Kind of "May? Now I don't do it!".
"May" is an authority in statutory wording, not a choice.
"May" grants some leeway but about activities from the regulatory point of view, like recently with the announcement of delisting in a bond in Freddie Mac, arguing that it was the only series trading on the NYSE, and it has cost the company money. That's why the "may" is necessary in the process of building capital.

The lawmakers have had their constitutional duty of overseeing the FHFA unaffected, and they have authorized this separate account plan with their omissions.

The litigants are in deep trouble. They are using the common stocks to negotiate with the government a better deal for the battered JPS.
This is why FnF post a BVPS or Common Equity Per Share of an adjusted $-133 and $-121 in FMCC and FNMA, respectively, as of end of March 2024.
$0 of capital recovered with their remedies in frivolous litigation ($29B cash refund, etc.), concealing that it's all about capital distributions, both the dividend payments and the SPS LP increased for free, RESTRICTED.
They aren't interested because the capital missing is Common Equity, and the $0 EPS posted every quarter in their Income Statements, refers to the common shares.

Make not mistake, this is a felony of "abuse of court process", besides stock price manipulation obviously.

We have the example in the WAZEE case, where the attorney for the hedge funds, Hamish Hume, brought the ongoing NWS 2.0 in a 3rd amended complaint (7 years after the first $3B in December 2017 by the Mnuchin-Watt combo. $132B SPS LP increased for free in FnF together piled up so far), but he dismissed the case voluntarily in the Court of Federal Claims, two days before the scheduled appeal in late May.
It turns out that he had a satellite case in a District court, called WAZEE too (How is this even possible?), and the judge has asked him what on earth is going on, with a deadline of July 1st: Is he going to voluntarily dismiss the case again, or file another amended complaint with the NWS 2.0?

What lies behind is that all the lawsuits are meritless with the Separate Account plan, and these Fanniegate attorneys are just fighting for their paycheck.

The evidence of the utilization by Wall Street of the lawsuits to negotiate with the government, is seen also when the attorney for Bekowitz, the omnipresent David Thompson, did it again: He has shown up in this Wazee case in a district court, with the objective to seize control of the case and thus, the narrative, with the expulsion of two of the original attorneys that have already left (like in the Bhatti, Robinson, Rop and Collins cases) and only Hamish Hume stays.
Also, we've seen how he has ousted two of the plaintiffs and only WAZEE remains.
It turns out that David Thomspon and Hamish Hume are the two attorneys for the two cases before judge Lamberth with a sham case brought up "Implied contract". So, the broad negotiation is crystal clear.

This abrupt appearance by David Thompson with the Wazee case, hasn't gone unnoticed.
The district court judge must have heard of his bad reputation, obsessed with using the lawsuits to negotiate a better deal for his client Berkowitz (The Mediation in the Rop case, was cancelled at the 11th hour when it was denounced on social media), and it's been 4 days without the judge granting permission to David Thompson to practice in his court, when it usually takes one day.

All the Fanniegate attorneys are cut from the same cloth:
The smart guys are others, the regulatory lawyers. I'm here just for the check for playing the fool and this is why I wear diappers. Hi Rum!

How do you keep the power on after all in on a delisted -Q stock?

With my 8 figure liquid net worth, small fry. Now go play a video game and get your mom to make you a PB&J sandwich.

The UST's Capital Magnet Fund gets 35%(not 65%) of the 4.2 bps sent by FnF annually, the rest is allocated to HUD.
I've been tracking this number and I estimated it's been $5B in total so far. The madman of this board claimed yesterday that it's $10B with one of his multiple aliases.

For the record, the other "legislative fee" or "bad taste" fee (barred in the Fee Limitation of the United States of the Charter Act, that starts with: "PROHIBITION". What was Calabria thinking of?), called TCCA fee, that, when it expired, it was renamed BBB fee (10 bps guarantee-fee) sums $44B.

And, another windfall for the UST, because it contracted with FnF the administration of Obama's Making Home Affordable program, under the premise that FnF will be reimbursed with TARP funds for the costs incurred, but later Obama bailed (Source), is estimated between $10B-$15B.
With an accounting standard amendment in 2011, even the borrowers that were current on their mortgage payments were granted a loan modification that, under the prior Incurred Loss accounting standard, the concession was recorded as a loss in FnF (a provision set aside). It was changed with the 2020 CECL standard.
Fat bonuses for the bank executives those years, we later learned, thanks to the funds provided by FnF to the mortgage servicers under the MHA program.
Thanks to the SCOTUS, the UST arguably gets to keep this amount due.
We see how the manufactured crises and then, the sluggish economic recovery, are very profitable for the politicians, the banks and Wall Street.

As commented previously, now these windfalls in the UST are useful in the case of Fanniegate resolution "as is" or "Takeover", where the UST nets $0 in the bailout of FnF.

How do you keep the power on after all in on a delisted -Q stock?

Oh the manchild has spoken. I'm not interested in your 3 way with Pags so run along small fry.

See be like JCPenny guy here. Be more anon with your stupid claims that Amazon is buying out JCP -Q and hold til the Feb 2021 delisting. Just don't do it using your real identity and I won't GAF.

Thanks bro, needed you for that example.

Just say NO. This is why you shouldn't use drugs.

There is a large and corrupt part of this trade that are trying to silence the public information from being shared surrounding every angle of this trade. This is not a country where that kind of bs flies. That's why you would join the side of someone who uses FedEx to try and intimidate a person into silence. If FedEx was certified mail or the person would take my calls to give my personal address for proper service I'd have given them a shot to actually make a case. Crickets. Also, a stupid idea since I'm using potentially the best law firm I could when it comes to free speech and use of publicly available information and they sort of shot their own feet trying that FedEx BS.

If you're gonna try to talk to me for them then I guess letting you know every one of my social media accounts is being followed every day by my lawyer is a nice way of say - maybe you ought to watch what YOU say. I have no interest in progressing further with P. Being that he is a P. That I don't intend on making money off lawsuits but rather by the way I always have. Value investing. No outside money. No daddy's money. My own money, my own performance. Also if you are for PFD's there's boards for that. This ain't it.

Just stay out of my way when it comes to Pagliara.

Also, sorry for your poor timing.

I try to post all the fanniegate legal filings from all angles. What else, I have been in this trade since about 2014 and have shifted in that time frame from owning commons to preferred.

Feel free to fill me in on this bradford86 fellow if he wants to play tough guy for two people who are not talking because they didn't expect such a response. They thought I would just shut up. MMM nope.

Bro Pagliara sent a FedEx from his lawyer/lawmaker. I don't really GAF what your opinion is. Scum gonna scum. All I use is public information.

Where is the "ouch" in the fact there is no actual lawsuit just a gutless e-filing with no USPS certified mail or contact to properly serve me at my current address?

Ya got your alliances. I got my balls.

:)

I have personally given all public documentation of this "saga" with zero response over to the Tennessee Bar as well as have a much better lawyer than the Cousin Marriage Law upholding lawyer that Pagliara uses to try and serve people fake lawsuits via FedEx. @GinoBulso - I mean I'm sure Bowdoin College boy has a chance against U Chicago alumni when it comes to e-filings that "served" via FedEx.

You wanna join my shit list or do you want to STFU now? Because I prefer the sit by and wait public nature of this all. Pretty easy to put you on record as one of TP's local thugs.

I was being nice to you. There is no "pending litigation" when you use FedEx. That's the point. It's an abuse of local courts to even file which is why I was happy to have my lawyer submit to the Tennessee Bar Association to slap a little bit of reality onto this all.

Did you fall on your head? Do you realize you just made a dumb decision to give legitimacy to a fake service?

It's too bad I didn't see this before I had handed this all over to the Bar Association via my lawyer today.

Tread carefully. I would hate to think someone who hasn't responded is using you as a proxy to talk shit to me. I don't even know who you are but I sure AF don't care either.

x2

What's with the incel army thinking anyone here who cares to post anything of substance is willing to listen or care about them spamming up nonsense?

You dont know nothin about me, sir.

“would be interesting to know if HERA ever - even once - mentions Charter Act and relationship to HERA ?”

Yes: HERA expressly amends both charter acts in several important sections. This was in Title I of HERA.

HERA also enacted numerous new laws across the broader industry. An example is the Secure and Fair Enforcement Mortgage Licensing Act (S.A.F.E.), which was included as Title V of HERA.

JOoa0ky, I say this as humbly as I know how. I want you to know not casting any stones at you. After reading your post a scripture came to my remembrance.

“ Answer not a fool according to his folly, lest thou also be like unto him. Answer a fool according to his folly, lest he be wise in his own conceit.” Proverbs 26:4-5

Here’s your answer to your post. I encourage you to repent and quit promoting theft from the shareholders. Best Regards

Bruh, it's a barron obsession. You talk about him more than your own wife.

Hey Lady, there’s not an obsession the fact is Barron is one of the few on this board that has actually provided a way out of this prison sentence. The repeated information I keep posting is for anyone new on this board that’s in the dark. Do you get it?

You can return now to your cheerleading for the cram-down, anyone paying attention on this board knows you’re a fraud.

What is up with your Barron Obsession?

Look who’s talking, ha ha ha ha ha ha

Hard work?

Your dad has bankrolled you for years.. Without him you’d already be broke

Brad why should we start believing you now

You really have not been proven to be right about anything so far.

Waiting for Lamberth to certify the 8-0 verdict.
It is taking long?

All Fannie Mae shareholders should retweet:
Reeling in Chevron isn't just about reclaiming our rights—it's about ending unchecked regulatory power and keeping judges unbiased.

We hope #SCOTUS will restore balance and safeguard our freedoms with Relentless v. DOC! 🎣🛳️ pic.twitter.com/LUbOvjQIRx— New Civil Liberties Alliance (@NCLAlegal) June 25, 2024

My thought here is that the end result of this is that you will lose, if you have money, you will lose whatever that is to settle this or whatever. If you do not, you will have to file bankruptcy.

I will follow this pending litigation the best I can.

I do not think this is a mistake on the part of Pagliara and his law firm. I think this mistake belongs to you. That is my opinion.

Good luck, tough lesson. Would probably bankrupt me. Would wipe out 10 years of my hard work to get as many shares as possible.

That is a tough lesson. Ouch.

Affordable Housing = Freeloader Housing

Someone has to say it !

A) Never
B) Refer A)
C) Refer B)
D) Refer C)
E) all of the above

"When are the GSe going to be reversed with clown govrats like this in decision making positions."

I'm afraid you might have an inkling about the answer to your question!

What does $100 million buy- the article says 38000 residences…unless my phone calculator has a virus, it means it would cost roughly $2500 per residence.

Does qtip Yellen know the real construction cost of anything or does she play with widgets and wood blocks. She should buy catman’s new book, both of them can enjoy widgets and other imaginary math calculations….
When are the GSe going to be reversed with clown govrats like this in decision making positions.
Fnma
1 a dayer

So you're recommending everyone Sell
to avoid going another 4 years
under Conservatorship

Socialist's are running amuck with Fannie & Freddies forever Conservatorship. It is all by design.

About $10B so far bled from FnF for affordable housing programs with this additional $100M ... if they win another four years just think how much more they can bleed from FnF in the name of affordable housing ...

Previously, the Treasury's 2021 Emergency Capital Investment Program funded $8.57 billion for community lenders, who then spent $1.2 billion on affordable housing projects. The new $100 million program is slated to create thousands of affordable housing units under the Community Development Financial Institutions Fund.

Make Fannie Mae and Freddie Mac
YOUR Go To Green Money Masheens

Was this shared here before?


https://www.msn.com/en-us/money/realestate/americans-will-get-100m-in-affordable-housing-program-under-biden-admin/ar-BB1oO79w?ocid=msedgntp&pc=U531&cvid=aff884f2f7f84550a991666b79213f48&ei=12

AFAIK, Fidelity restricts trades under $3 unless you have authorized/enabled penny stock trading on your account. The only other caveat would be that they need to have shares available for you to borrow and you need to meet margin requirements. This is info readily available on their site, I have not called anyone to confirm.

whenever i hear ‘future generation to come ‘, i believe it less and less. we know what happened. sure catman was very bright leading it. his business is real estate and no excuses. I just don’t know if he really wants to fix it as they are used and abused from both sides. the solution may not come from either parties and we know one day it will be fixed. who knows when and how.
https://www.propublica.org/article/the-kushners-freddie-mac-loan-wasnt-just-massive-it-came-with-unusually-good-terms-too
56:45 as posted by wise
https://www.c-span.org/video/?460860-1/president-trump-remarks-national-association-realtors

SPSPA which is a contract. 4617f bars courts from questioning the actions of a conservator. The stockholders’ statutory claims are barred by the Recovery Act’s strict limitation on judicial review. See 12 U.S.C. § 4617(f).

Our friend Barron brought this to our attention. You have to prove FHFA / Treasury broke the law.

Notice: the argument doesn’t include the conservator at all. The argument is the FHFA / Treasury violation of the law.

Barron said, “ I propose claims alleging illegal exaction due to Treasury and FHFA violating Federal statutes that any district court has jurisdiction over. The Federal statutes are the Charter Act, the Safety and Soundness Act of 1992, as amended by HERA, Administrative Procedures Act, and potentially the Chief Financial Officers Act.

None of the current litigation makes any claims of violation of these acts. They all challenge the actions of the Conservator and attempted to squeeze the APA and the 5th amendment takings into the Actions of the FHFA-C within the terms of the SPSPA. all have failed to this point.”

Federal Housing Enterprises Financial Safety and Soundness Act of 1992

https://www.congress.gov/bill/102nd-congress/house-bill/6094/subjects?overview=closed

This is my understanding.

PUBLIC LAW 110–289—JULY 30, 2008
HOUSING AND ECONOMIC RECOVERY ACT

HERA is public law not a contract, the Senior Preferred Stock Purchase Agreement is a contract not the law.

FHEFSSA

Federal Housing Enterprises Financial Safety and Soundness Act of 1992 was amended to establish the Federal Housing Finance Agency. HERA amended certain parts of both FHEFSSA and the Charter Act. AMENDED not to do away with. Safety and Soundness still exists just as the Charter Act still exists.

Page 9 Title I
Establishment of the Federal Housing Finance Agency

FHFA is now the Regulator by reason of HERA.

Links:

FEDERAL NATIONAL MORTGAGE ASSOCIATION CHARTER ACT
As amended through July 25, 2019

link: https://www.fanniemae.com/sites/g/files/koqyhd191/files/migrated-files/resources/file/aboutus/pdf/fm-amended-charter.pdf

HOUSING AND ECONOMIC RECOVERY ACT OF 2008

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

SENIOR PREFERRED STOCK PURCHASE AGREEMENT
Dated September 7, 2008.

link: https://www.fhfa.gov/sites/default/files/2023-07/FNM-SPSPA_09-07-2008.pdf

ALL THE AGREEMENTS

link: https://www.fhfa.gov/Conservatorship/Pages/Senior-Preferred-Stock-Purchase-Agreements.aspx

Same as you, only using proper grammar and spelling.

“how he and his recent wife - with student debt (from second degrees) would find the scratch for a down payment”

Don’t worry… the plumber that bought a pickup truck for his business will help your upper middle class son pay for the student debt…

Joe needs votes… lol

make that 5-7 cents
Quit the chatter and get to PUMPIN

Charter Act, and the Federal Housing Enterprises Financial Safety and Soundness act of 1992 (FHEFSSA); Both as amended by the HOUSING AND ECONOMIC RECOVERY ACT OF 2008, (HERA).

The Charter Acts are Fannie Mae and Freddie Mac's enabling statutes. FHEFSSA and HERA are regulatory statutes, governing the companies' regulators. All are laws passed by Congress.

SENIOR PREFERRED STOCK PURCHASE AGREEMENT (this “Agreement”) dated as of September 7, 2008, between the UNITED STATES DEPARTMENT OF THE TREASURY (“Purchaser”) and FEDERAL NATIONAL MORTGAGE ASSOCIATION (“Seller”), acting through the Federal Housing Finance Agency (the “Agency”) as its duly appointed conservator (the Agency in such capacity, “Conservator”). Page 1

Link: https://www.fhfa.gov/sites/default/files/2023-07/FNM-SPSPA_09-07-2008.pdf

and what are doing here?

Please stop. These companies PPS are going nowhere. There's not even a justification for them to be at current levels.

Fannie and Freddie have dropped 2-3 cents while all this gabbing
has been going on