Fannie Mae (QB) (FNMAN) News

"Treasury must cancel the net worth sweep, deem the senior preferred stock paid, eliminate Treasury’s liquidation preference, and replace the excessive capital requirement to a more realistic percentage 2.5%"

And that will take all of what . . . . . 10 minutes?

They passed stress tests just weeks before being put in to C-ship. Banks that failed them were allowed to continue as is while the GSEs had the bad loans forced on them. SCAM!

and lunch is on me.

If those all happens, then we are at 200$ at the least

If those all happens, then we are at 200$ at the least

When we talk about our desire
for release, we need to start qualifying
the word "releae," with Non-Conditional
Release. We hear "release." and we
get all excited - But it could back-fire
if we were released with burdensome conditions or provisions, like unreasonable reverse splits, a provision that doesn't allow Fannie and Freddie to be re-listed immediately; a mind more imaginative than mine could think of other possible disasters.

Sir Rodney,
The Net Worth Sweep
still going on?

You ask, “How long until they hit that threshold they need to hit to be release?”

Treasury must cancel the net worth sweep, deem the senior preferred stock paid, eliminate Treasury’s liquidation preference, and replace the excessive capital requirement to a more realistic percentage 2.5% … At 2.5% of $4.2 trillion is approximately $105 billion. Fannie has $86 billion in shareholder equity $19 billion short of the 2.5% of the capital if the Treasury would cancel the net worth sweep, deem the senior preferred stock paid, eliminate Treasury’s liquidation preference, and replace the excessive capital requirement with a true risk-based requirement that allows Fannie to price their credit guarantees on an economic basis. Fannie is not bank and should not be treated as a bank requiring bank like capital. Realist the company on the New York Stock Exchange. By doing this the Stock Price will soar. This is how huge returns on investment can be made even if the Treasury exercises the warrants.

With a multi trillion dollar portfolio $19 billion is a small number to reach to get us out of this prison.

While at this point, I'm cool with him winning the election and releasing us so we can finally retire, the sad truth is that Trump IS the swamp.

We need Trump to break up the DC swamp.

In other words, we are dealing with some totalitarian government bureaucRATS.

There is no threshold. They are being kept in C-ship until notice.
They have passed stress tests for several years.
The capital reserve is set extremely high.
The profits are offset by adding to the liquidation preference to make it look like they are still in trouble.
Lamberth is holding off his decision.
Until somebody (behind the scenes) says it is okay.

How long until they hit that threshold they need to hit to be release?

Don[t you wonder sometimes that some of the people administering
the Conservatorship of Fannie and Freddie are, heh heh, maybe making
a little extra do-ra-me on the side because of oppressive, corrupt,
and wrongful conduct?

Very cheap shares.

Hasn't even started Yet!! Cheap shares here!!

alias created 10 days ago with only bashing posts, nothing to contribute. are you kthomp?

did you see him under vance's desk?

Good Observation
I nominate you, Mr. JCROMEENES,
as the new Board Captain

That's a remarkably ignorant statement even for your jarhead mentality ... but what's worse is your post history here reads like a teenage girl's daily demented diary entries trying desperately to make everyone believe she's not angry about the boyfriend she can't seem to quit posting about ... your TDS bleeds all over everything you post ... you have zero credibility here ...

We're waiting from our pal from North Korea 🇰🇵

He's usually upping his game on the Twins. And shorting them...

Nope, don’t have to worry about that. He was a Penske pick and piloted for the banks.

He's the fastest ticket out of conservatorship whether you like it or not.

Link? You got proof of that? If you don't STFU!

Mark Calabria will return.

Theft on top of theft… “$4.6 billion in pre-tax net interest income ($3.0 billion after tax)”. The treasury collects tax on net income AND adds the retained net income to the LP. At least the retained earnings are drawing interest.

Has anyone run the numbers on the taxes treasury collected since the start of this prison sentence?

Quote: “But…there now is very positive factor adding to earnings: Fannie’s ability to keep its retained earnings (and not have to turn them over to Treasury in a net worth sweep), and the fact that those retained earnings are invested in short-term securities. At the end of the first quarter of 2022, Fannie’s $51.7 billion in shareholders’ equity was invested in short-term securities paying 15 basis points, earning $77 million per year. At June 30, 2024, however, Fannie’s $86.5 billion of shareholders’ equity was invested in short-term securities at 5.3 percent. That’s $4.6 billion in pre-tax net interest income ($3.0 billion after tax), and with no change in interest rates these earnings will grow at the same rate as Fannie’s retained earnings. For that reason, the company’s net income probably will trend modestly higher over the next couple of years, even with higher loss provisions and the continued growth in non-economic credit risk transfer costs.” End of quote

https://howardonmortgagefinance.com/2024/07/09/the-mbs-vigilantes/#comment-30597

Or have the diarrhea medicine ready

Answer: "Not in God's lifetime." Ditto George Mason's "Mercatus." or of late the Uban Institute. (I love that Moody's Mark Zandi--who greenlighted "private label" MBS, with his soggy/lofty ratings, and dealt much of the causative role the large commercial banks played in the 2008 meltdown-- often finds himself part of UI's "usual suspects" damning the GSEs. I guess MZ doesn't like to remember or mention his prominent professional role. i.e. giving top ratings--for which the banks paid, literally--to facilitate sales, of their own Non-GSE "private label" commercial bank securities filled with poorly underwritten loans. That's some pertinent history MZ seldom mentions or acknowledges.)
Nope, you have to go to the accurate books by Howard and Pagliara for GSE advocates and arguments.

D-Day 2.5 weeks. Please be prepared. Look your best. Empty your bowels.

I'll certainly take being up 20 cents for the week and ending Friday green. May next week be better!!!

Whatever they said didn't help
our pps today...carry on

Who was on CNBC and what did they say ? Thanks.

9 points?
https://www.predictit.org/markets
is this site reliable?

what did elon musk say about fannie mae?

Yup, wouldn't mind seeing both of them with positions in a new administration.

saw that,,great interview....Elon Musk on our side----ALL systems go!!!

John Paulson on CNBC now

"No they didn’t, they said “we brought the wrong case, this looks like a Takings case.”

Isn't it ironic that you have to hire these jackasses for their expertise in court proceedings, then later find out they had NO expertise.

FNMA/FMCC
Don't stop Fighting
Fight to Right the Wrongs done to Shareholders
Fight to make it Right
Penalizing Shareholders is Not Right

Cato pocket watching

CATO wants us wiped out

Has CATO - ever - published anything the protects or supports or argues for constitutional free market ownership rights of us equity holders

They are phonies --- along with the Heritage Foundation - exposed as opinion oriented v truth oriented

Ackman’s fund has shown an average 17% annual return even with holding 10% of each Fannie and Freddie.

Indeed, but she's a placeholder. She doesn't rock the boat, doesn't question anything, doesn't think outside the box, etc-towing the party line.

Someone should ask that question to Ms. Thomspon.

Then why are you here? We're all little Ackman's in this never-ending saga

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. The United States prohibition on assessment or collection of fee or charge to Fannie Mae, (section 304 Fee Limitation). Only Federal Reserve Banks are authorized to be reimbursed of fees, (section 309).

SEC. 304. SECONDARY MARKET OPERATION

Fee Limitation

Quote: “(f) PROHIBITION ON ASSESSMENT OR COLLECTION OF FEE OR CHARGE BY UNITED STATES.—Except for fees paid pursuant to section 309(g) of this Act and assessments pursuant to section 1316 of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992, no fee or charge may be assessed or collected by the United States (including any executive department, agency, or independent establishment of the United States) on or with regard to the purchase, acquisition, sale, pledge, issuance, guarantee, or redemption of any mortgage, asset, obligation, trust certificate of beneficial interest, or other security by the corporation. No provision of this subsection shall affect the purchase of any obligation by the Secretary of the Treasury pursuant to subsection (c) of this section.” End of Quote. Page 16

Only Federal Reserve Banks are authorized to be reimbursed of fees, (section 309).

SEC. 309. GENERAL POWERS OF GOVERNMENT NATIONAL MORTGAGE ASSOCIATION AND FEDERAL NATIONAL MORTGAGE ASSOCIATION

Federal Reserve Banks to Act as Fiscal Agents (Fannie Mae and GNMA)

Quote: “(g) DEPOSITARIES, CUSTODIANS, AND FISCAL AGENTS.—The Federal Reserve banks are authorized and directed to act as depositaries, custodians, and fiscal agents for each of the bodies corporate named in section 302(a)(2), for its own account or as fiduciary, and such banks shall be reimbursed for such services in such manner as may be agreed upon; and each of such bodies corporate may itself act in such capacities, for its own account or as fiduciary, and for the account of others.” End of Quote. Page 29


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

John Paulson on CNBC now

That's a dumb post. Ackman owns Fannie & Freddie because he understands the earnings power of the business and the size of the market they capture. He certainly doesn't have a perfect investing history(who does?), but overall he has done very well. He has stated many times he believes Fannie & Freddie are worth many multiples of what they are trading at now.

Why does this fkhead Ackman owns 10% of Fannie and Freddie and these stocks have not gotten anywhere in 15 years. What Morons follow this Ackman loser who can't even invest in companies whose stock go up? What type of HF does he run that looses money year after year? Would you put money to invest in his HF?
I think Ackman needs to attend the Warren Buffet school for 1st graders on how to make money in the market.

You mentioned the Administrative Procedures Act (APA) that’s the problem with the lawsuits. The lawyers did not challenge the actions of the FHFA Director under the APA. The lawyers brought the APA argument against the FHFA as conservator. No mention of the FHFA Director violating federal law. The courts are barred from judicial review of the conservator.


Rodney5
06/25/24 12:08 PM
Post #796524 on Fannie Mae-No Politics (FNMA)
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.”

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

Completed my 200k shares accumulation, lets pray trump get elected