Federal National Mortgage Association (QB) (FNMFN) News

Why is it pitch red? Must be another hit piece out.

Yes I agree. HOLD

No reporting needed if bond is exchanged to shares

From Deepseek:

When a bond is exchanged for common shares, it typically involves a conversion feature that was originally part of the bond's terms. This is common in convertible bonds, where the bondholder has the option to convert the bond into a predetermined number of common shares of the issuing company.

Key Points:
No Immediate Reporting for the Company:

When the bond is converted into common shares, the company does not need to report this as a new issuance of debt or equity in its financial statements. Instead, the conversion is accounted for as a reclassification from liability (the bond) to equity (the common shares).

The company will adjust its balance sheet by reducing the bond liability and increasing the equity account (common stock and additional paid-in capital).

Disclosure in Financial Statements:

While no separate reporting is required for the conversion itself, the company must disclose the conversion in the notes to its financial statements. This includes details such as the number of shares issued, the conversion terms, and the impact on equity.

Tax Implications:

For the bondholder, converting bonds into common shares may have tax implications, depending on the jurisdiction. The bondholder might need to report the conversion as a taxable event if there is a gain or loss realized.

Regulatory Filings:

If the company is publicly traded, it may need to file a Form 8-K (in the U.S.) or an equivalent filing in other jurisdictions to disclose material events, including significant conversions of debt into equity.

No Cash Transaction:

Since the conversion involves an exchange of bonds for shares, no cash changes hands. This is different from issuing new shares for cash, which would require different reporting.

Summary:
No separate reporting is needed for the conversion of bonds into common shares, but the transaction must be properly accounted for in the financial statements and disclosed in the notes. The company should ensure compliance with relevant accounting standards (e.g., IFRS or GAAP) and regulatory requirements.

FNMA & FMCC
HOLD YOUR SHARES, HOLD, HOLD, HOLD

Yet if we get RR commons will fly and we can at least have OUR freedom.

Ted Cruz Leads Republican Charge to Defund Consumer-Protection Agency
CFPB was created by Democrats in the wake of the 2008 financial crisis
https://www.wsj.com/politics/policy/cfpb-consumer-financial-protection-bureau-ted-cruz-gop-defund-b831384c

(I'm doing a reiteration on this layman terms)
Steven "monchichi" Mnuchin deceived the shareholders of Fannie Mae and Freddie Mac- especially during the 5th circuit hearing . No different than a slimy lawyer in a shark skin suit.

He tried to state his pivotal points on ACA aka Obama Care used the funds from the twins to supply Oblame-ohs health care agenda with his interview speaking to Maria Bartiromo.

Bessent appears to be more focused and not to provide the hype. We shall all see...

Dingle's purchase and other FNMA issues:

What Dingle purchased are fixed income securities backed by a pool of FNMA mortgages. The prefix "MA" stands for Government Long-term, level-payment Project Mortgages; Multifamily, fully-amortized over 40 years.
-- much of the confusion here comes from financial journalists who have no idea what they are reporting on, much like what we have seen over the past 15 years with the GSE saga - it's too complex for the basic journalist. Some of it is even AI, yes, AI is writing articles, ads, and many other things we are seeing and interacting with online. I saw one article that even inserted the FNMA stock symbol, AND BELIEVE IT OR NOT, inserted the stock symbol POOL, not being able to properly decipher the full description line of the security:

Federal National Mortgage Association Pool MA5471.

So the article printed it as Federal National Mortgage Association ($FNMA) Pool ($POOL) MA5471. And, yes, there is a Pool Corporation with that symbol. No journalist worth his salt would or should have made that mistake - likely AI edits to insert stock symbols based on its poorly programmed algorithm.

-- AI is totally misunderstood, misapplied, and abused almost everywhere it is used without some very specific context-related knowledge; this board is one place you can witness it weekly, if not daily. Understanding AI results (one must realize it is ARTIFICIAL) requires the VERY HUMAN GENERAL INTELLIGENCE that AI creators are trying to mimic. And here, use of the term "general" oddly enough has a pretty specific meaning that must be understood as well or you end up nothing more than the monkey behind the machine gun when you misapply AI.

Current trading and pricing results: If it's any consolation to all of us here, just remember, Paulson and Ackman, although their wealths do NOT depend on the twins, are witnessing the same BS with the OTC and government "inaction" that we are, and I for one think that's good news.

Everything is pretty much a blackbox to us, but not them (other than OTC movements). Getting off the OTC WILL SOLVE what I term as the baseless large price volatility - associated with short-term traders, manipulators, and OTC MM games, but not the true volatility based on the uncertainty with how the end-result is worked out, but it WILL certainly decrease, at least in frequency.

If Ackman and Paulson indeed will be consulting for, or working with Pulte and Bessent, which I believe they are/will be, you can rest assured they will kill this OTC nonsense with re-listing. A big part of this volatility still exists because we do NOT as of yet have Pulte in place and solid word from Trump this is a "100-day" or early first term priority. But I, for one, think that both Ackman and Bessent have given their proxy on this which is a placeholder for the Trump admins official blessing. Once those are in place the full spectrum of manipulation will get run over by a freight train - best to hop on board QUICKLY once it starts moving.

that time in the market rule of thumb is super right

yet it applies to the market --- a diversified portfolio like DJIA or S and P or Russel 3000

it flat out is not true or accurate for any one company

there was clearly a time to sell SEARS as ONE clearly understandable example (Or Kodak)

2017

is this the real navy?

"Sounds like a plan to get rid of these warrants, they don't want to address it now, and face push back, RR first then cancel the warrants down the road."

As long as the warrants exist, a weight hangs over the heads of the GSEs, and the TBTFs, who wanted the GSEs dead and buried, are still in the game.

Great advice, Chessmaster!

Time "in the market" beats market timing



I will continue to hold my share strong until the end.


Micheal 

No, ps have no right to vote. Nonetheless, for ps there are other advantages, such as higher dividends and payment before shareholders if the company is bankrupt.

"Mnuchin: Get Fannie Mae, Freddie Mac out of government ownership"

And he did a hell of a job of accomplishing that very thing, didn't he?

Can Ps vote on it?

"He must have consulted with KT for article."

In saying that you create a dilemma for us. Now, we have to determine which one is more moronic than the other!

Finally someone gets it!!!!!!!!!!!!

Thank youuuu!

Warrants issue is being pushed back for later decision.
But after release the shareholders will have say-so. Warrants will be dead.

From UST

"This is before SCOTUS. NWS ended after Collin Enbanc Ruling which Mnuchin challenged in SCOTUS. Then just before he left, he and Calabria signed their final amendment and wrote the letter to successfully con the SCOTUS Justices."

Mnuchin is one of those type people that if I witnessed him being run over by a bus, I would ask the bus driver to back over him just to make sure the POS was dead.

Time "in the market" beats market timing. I bought Best Buy around $10 bucks a number of years ago, and thought "I was a stud", for selling the shares for $16 a few months later. (60 percent gain)
So, I managed to "market Timing" myself out of a 8 bagger, because it's about $86 dollars today.
Im sure glad I did not "market timing" my FNMA shares I bought under $2, just a few months ago, or a few pennies gain.

"In addition to the Walt Disney Company, Dingell has also invested in the Federal National Mortgage Association (OTC:FNMA)"

Does Debbie Dingleberry now think Trump will turn the economy around that she helped destroy?

With the recent run up preferreds have a 2X - 3X limited upside while commons is the sky is the limit! GLTA!

Sounds like a plan to get rid of these warrants, they don't want to address it now, and face push back, RR first then cancel the warrants down the road.

AIMHO

There must be a discussion within HEADS, which favors commons of FNMA FMCC.

Rebalancing the values between shares and bonds

Could we be witnessing the finishing of a Bull Flag Pennant? If so get ready for launch!🚀

Freddie just broke green!

Right, never sell your core. However much you can afford to hold long term. If you are not trading some shares short term you are missing out on 100s of %%%% increase in the 10 plus years we've been waiting.
First In Last out.

If these statements are from previous administration, then these
statements have no value.

Sorry, it makes no sense to sell "with every nickel" pop, on multiple levels.
1. Risk/Reward ratio, especially short term. You are risking big dollars to make pennies. I prefer risking pennies to make dollars than the other way around.
2. Taxes are killer on short term, and, if you sell and buy back, you have to further put up with wash sale rules, which further increases risk, "unless" you are trading it in IRA's or Roth's or other tax shelter.
3. The biggest risk, IMHO, is "risk of being left behind". Example: You buy shares at 5.70, sell em at 5.75, and find out in the morning that the government has ended cship and the price goes to $20 almost immediately.

Wow. Seems there are things in the works and we get a little info here and there. Get us to the NYSE soon!!! That would certainly show exception intent.

Keep it coming Navy free speech is coming..!

X BOOOM. https://x.com/nicosintichakis/status/1884562777232351434?s=61&t=KEFTLxsG2C318JcOnlHS4Q

WARRANTS TO BE EXTENDED PAST 2028..!

Means NO WARRANTS until at the least 2029 and beyond..!

lol. "at least not anytime soon". it is also well documented he scrubs his tweets. his goals seems to be go after shareholders as he never writes about housing, housing affordability, housing crisis. people will learn to ignore him as he is trying to support fellow travelers, mba, bank lobby or personal agenda or whatever, but he will lose. right always prevails. ignore like i never pay attention to kt. same category. pure entertainment.

promoting nothing - sharing what is on the street

affecting mkt sentiment - which is the purpose of this Board

Most of these people have their own self serving agendas and use emotional points to serve their interests.
These views are not based on national interests or US constitutional principles.

We should be careful in promoting such views and legitimizing the views of such people.

don't look now but ... GSEs are moving NORTH on Larger Trades !

the computer bot algorithms have slowed down

Congress is buying FNMA!!!
I did not make it up!
Source:
Congresswoman Debbie Dingell Has Disclosed A Purchase Of Up To $250,000 Of Federal National Mortgage Association Stock
BENZINGA
Jan-28-2025 9:39 a.m. ET
https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2025/20026647.pdf

BUY! BUY! Buy Fannie!!! (I added more).

At least we got one green day in the middle of the drip.

What was said by Mnuchin & Wilbur Ross on Maria ...

Mnuchin: Get Fannie Mae, Freddie Mac out of government ownership

https://www.foxbusiness.com/video/5229980903001?fbclid=IwY2xjawIHKzBleHRuA2FlbQIxMQABHaibTlvXGPo-V2_z57pWZUdbpmjKDTnuJKzOqmIrvpefEGR00ti3aYkbPA_aem_v6OntXBsHnab3LDes8gYiw

didnt know we all had to be legends here lol, but yeah on loser days when im bored i buy 5000 share blocks and sell every 5 pennies up, save my core, whats wrong with that. Get money on down days.

Government profiting at shareholder's expense is another way of government confiscation, and, while the government needs the money, stealing it from shareholders is neither the way to get it, and, worse, the government wants to end lawsuits not increase them by FURTHER profit on the backs of shareholders. You need to remember Fannie and Freddie are profitable, not in bankruptcy and we have never been in or near bankruptcy. The new administration is not about confiscation of shareholder funds to enrich or enlarge the government, which is already too large and steps have been taken to reduce the size of government.
As an example, about 2 million Federal workers are being offered a buyout, which will certainly help reduce the size and waste of our federal government. Of course, millions of people with cushy government jobs who do very little, will be opposed, along with unions to protect those jobs. The Federal government has been too large, and the tax burden too large for too long.

They are selling preferred shares to buy common. Just my guess but what the hell do I know? Get ready for a hell uv a ride!
GLTA

#1 warrants are dead

#2 JPS not convertible to common

#3 dividends non cumulative

#4 Moodys JPS junk rating

Man, you are a legend! You must be buying Yuge quantity of shares to be selling every 5 penny pop. Good Luck Amigo.

buying at 5.45 today, selling every 5 penny pop, saving core. good luck to all

Wow preferred are all getting smashed across the board. That doesn’t bode well for commons. Wtf happened something had to have happened?

FNMAS $10.82 _ -$1.08

FNMAT $10.20 _ - $.97

Squeeze later

interesting !!!
not sure if that is really part of their mission but interesting
thank you