Fannie Mae (QB) (FNMA) Quote

TBTF Shares and Warrants placed into SWF.

Then Treasury will cover TBTF’s CDS obligations.



Ron

Spot on. Enter the executive order. It is coming. It is on deck. The big one. Coming from the big kahona. The big cheese. Numero uno. The head honcho. The captain of the ship. The leader. The big boss. Da dude a la president don tay.

Everything will need to start with a White House Memo to UST to initiate the release. Trump wants to take credit.

The banks don’t have all that cash. So you tell me, Ron. Where is all that money going to come from to cover ALL the CDS?

Wow. A compliment. And now my evening is complete.....glass of wine....patio watching sunset over the Pacific.

You’re not wrong. Go figure…

Everything will need to start with a White House Memo to UST to initiate the release. Trump wants to take credit.

I know this will be a surprise to many....while smart Ackman is not a well liked individual among his colleagues. I do applaud him for many of his recent stances though.

Wow go figure.....the US Government officials were more concerned about huge MBS positions held by the largest money managers and dealer desks out there (and the Fed) than they were about GSE common shareholders! Absolutely shocking revelation. They also care more about the housing market, MBS spreads and liquidity, their own balance sheet and profitability, the taxpayer, etc etc......they truly do not care about common shareholders in the greater scheme of things and will likely look to maximize dilution (so long as counsel gives signoff) in order to maximize their own profitability, fund the SWF, and bolster the FnF balance sheet via new shares issuance.

Trump admin always rewards their backers. I doubt Ackman is going to get the shaft.
People focus on Ackman but always forget about John Paulson...The former was against Trump until July 2024 and the latter has been a big backer and extremely loyal to Trump since his 2016 run.

Whose loyalty will Trump most likely reward?

My bet is Paulson's wishes trump Ackman's

RON - I just had an idea. Perhaps the perpetual conservatorship all along was to make the CDS whole by milking Fannie and Freddie profits until someone stops them. Nonetheless - the pressure cooker is redlining. Go figure…

Below 6.39 will be a entry point

Further evidence of the ongoing shenanigans.

PIMCO is a massive bond investment firm that holds a lot of GSE securities (such as mortgage-backed securities and junior preferred shares). The PSPA changes protected PIMCO’s investments by keeping the status quo, ensuring continued government backing of GSE securities and preventing any disruption in payouts.

Yellen’s move was not neutral, but rather helped institutional investors like PIMCO at the expense of GSE shareholders who wanted a path out of conservatorship.

@POTUS @SecScottBessent @pulte https://t.co/0sdoewqBNk— Guido da Costa Pereira (@GuidoPerei) March 27, 2025

CDS contracts are supposed to pay out if a credit event occurs, but whether they actually do depends on the terms of the contracts, legal disputes, and how the defaults were handled. Some CDS payouts happened during the 2008 financial crisis, but others were avoided or settled differently.

Do you know which ones are still active? The Lehman Trusts seem dead. Heard there was a southern district judge that basically killed any forward progress on the ISDA date issue. Heard that one guy was going to reach out to ISDA anyways. Point being - all the CDS that you think should be paid out might not be paid out. You might not agree with it. But that might be the reality. Go figure…

You do have a point that's why I have been telling everyone we need to get ackman and the other big institutions to give some very nice gifts to trump. I'm hoping they have already if they haven't yet. Maybe give Tiffany and Ivanka some share s to hold for there daddy. I'm actually surprised trump hasn't done an executive order yet releasing Fannie but maybe those surounding him want to wait and set things up so that it can be done without an executive order. I dont know. The good thing is we still have plenty of time. Any day at any time Fannie could be released so i will load as many shares as I can. Just today i bought some shares at $7.40 and I have no regrets that the stock price went down because I know that eventually one day in the next 3 years this stock will go to $300.00 per share.

One of Yellen’s last actions as Treas Sec was to change GSE PSPAs in a manner that benefited PIMCO https://t.co/UYlYecJzKD— Mark Calabria (@MarkCalabria) March 27, 2025

https://www.wbur.org/onpoint/2025/03/26/government-mortgage-fannie-mae-finance-trump

As I Said, You Don’t Understand ABS/RMBS.

The Mortgage were moved into Trusts, then securitized to ‘bonds’ ABS. The Prospectus required that the Property Trustees insured the bonds.
Most common forms of insurance were CDS.

Because the mortgages were moved to trusts, therefore the ABS are no longer the property of the issuer like F&F.

Yes F&F reinvested into their offerings and into other offerings like WMB ABS/RMBS.

The CDS writers are required to cover the ABS/RMBS as insurance policies.
The CDS contracts need to fulfill their obligations.

F&F and WaMu keep themselves in the mortgage money flow and invested in others offering.



Ron

Glen Bradford’s Reddit history…eww

https://www.reddit.com/user/TheSerpent/submitted/

GB you are troubled sir. Those posts going back 15 years, the girls, the job firings…seriously, and I do mean this, you should probably get some help.

DISCREDITED.

How does one "cram down" seniors? Who exactly is cramming them down?

Seems reasonable advice

Seems reasonable advice

The perpetual preferred? Spspa? That is going to get restructured

Hey Brownsh*ts.....I thought you and the rest of the pompom brigade blocked me!!! So honored you still reading and responding.

I've been long JPS since mid 1.00s on 25s and high 2.00s on 50s. I think there's an 70% chance we see FV, a 25% chance modest discount and 5% chance of go back to start. Move around in different series as opportunity arises and occasionally short FNMAS and FMCKJ against illiquids.

I have lots of preferred so I’m probably good regardless. I bought at less than 5% face value so I have quite a bit. It would sure sting though to have to accept less than $6-10 a share. I’m anticipating heavily a deal that puts shares at $30 in the next 2 years.

Absolutely! Fwiw i didn't hold for 15 straight years. Have been in and out of commons and JPS in both FnF and have made several million. Just pointing out most recent entry ($5 not the $6 you mentioned) and exit ($7.50) points. Buy and hold is A strategy but so is trading around, including different pointa in a cap structure with some cap structure arb on occassion. But you're right we should listen to BOOM, to the MOON, $4000 per share, you're a sketchy MM or short nonsense. That does people a lot of good. I try to be as bombastic as they.

Do you realize that you're continually insulting members on this board who are up hundreds of thousands and even millions of dollars in their positions on this stock?

You rolling up after your $6 purchase price and trying to claim intellectual superiority in a game of speculation where no one truly knows exactly what’s going to happen while ridiculing shareholders who bought loads below $0.50 is quite rich.

Narcissistic much?

The Market will Make Preferred Whole.

The up-list to a major market for commons is all F&F Preferred’s needs.

The perpetual preferred should see an additional ~2.2X from the accumulation of Performance Payments.

You need to learn more about ABS/RMBS.



Ron

TBTF’s Stock and Warrants are going to SWF.

TBTF still needs to cover their CDS for the ABS/RMBS that F&F and WaMu produced.

TBTF owes ~$1.5 Trillion.

TBTF needs help again.

https://www.jdsupra.com/legalnews/the-end-of-libor-hotel-california-6435307/



Ron

Agree Mr.Michael! Huntbeachwhale has been spot on several times! Whoever his sources are, they are legit.

Restructure is finishing see William Pulte orders. Have fun spewing your P BS.

Newly confirmed at treasury. Time to restructure incoming

Our Champion has arrived! $FNMA #FANNIEGATE https://t.co/VKKV27Ctc0 https://t.co/2l2qhlKNzm pic.twitter.com/WXTZWoQFFD— Fanniegate Hero (@DoNotLose) March 26, 2025

So what the talk by the Treasurer Director about placing percentage of FnF stock into the sovereign wealth fund (SWF) ?

WRONG. He is just the support staff.

ZERO bearing on stock. ZERO. just a post for one person.

Yes. Particularly for all that shit you just said.

You must be retarded. There is a laundry list of people he has turned his back on. Remember Giuliani? (just as ONE example). Don't kid yourself, he doesn't give a shit about you or the shareholder. It comes down to what will he make the most money from ASAP and what will he receive praise for. Don't be naive. Which at this point is releasing FNMA/FMCC and his loyal subjects doing his bidding. PERIOD. Thats the play here. Trump looking like a hero and putting $ in the SWF. It ain't for shareholders.

If they cram down the seniors, what would you do?

Pulte continuing Fannie reform today almost done!! Go COMMONS!

Seems unlikely. Trump admin always rewards their backers. I doubt Ackman is going to get the shaft. We should have all the info we need by May. Once we see if they appeal the jury case we will know where we stand. If no appeal we will know good things are coming for shareholders. I wish they could give an idea of objectives. everyone is aware that privatization is on the table. They just need to give clear parameters and expectations for how and when. I know I’ve preached patience, but they need to make concrete decisions to get this moving. Just uplisting isn’t going to cut it. I want to see capitalization requirements amended. I want to see a decision about WHEN they will go public. Like give us a concrete date they will be released. I want them to decide how they deal with the unpayable senior preferred. I want to see how they deal with the warrants. I’d like to see some acknowledgment from Pulte about the unfairness of the sweep and the loss previous admin took in regard to the court case. I’m going to be so frustrated if he focuses on merging the 2 companies and creating a monopoly instead of releasing and keep free markets going. This is a big lift and if we don’t start making progress this whole thing gets bogged down in the mud. He’s already welcoming lawsuits and more litigation by firing a bunch of board members and becoming the chairman himself for both and firing Freddie CEO.

Why positive? He proposed legislation in last trump term

Because they won’t be exercised. Not unless 47 doesn’t want to be the one that releases FnF. Fisher will have his judge slap down the quickest injunction and stop any plan of release.

What if I were short FNMA against a long in FMCC or FMMAS? Would I need to leave this board? What if you knew I was a really hot, rich, former PM with a house in Malibu and an insane flat in Mayfair in London? Would you still kick me off?

lol…… Bill Ackman owns both!

What if have owned both? Do I need to go too? Someone never grew up....actually have come across many of you on this board.

EVERYONE ATTENTION !!! How are the FnF warrants going to be excerised.?
The U.S. Treasury holds warrants to purchase common stock representing 79.9% of the outstanding shares of both Fannie Mae and Freddie Mac. These warrants were issued as part of the Senior Preferred Stock Purchase Agreements (PSPAs) established on September 7, 2008, when the two government-sponsored enterprises (GSEs) were placed into conservatorship during the financial crisis.
The Treasury received warrants to purchase common stock representing 79.9% of each company’s outstanding common shares at a nominal exercise price of $0.00001 per share. These warrants were not purchased for a separate cash amount but were granted as part of the bailout package in exchange for the Treasury’s financial backstop. The nominal exercise price effectively meant the Treasury could acquire nearly 80% ownership of each company for a negligible cost if it chose to exercise the warrants.
The warrants are set to expire on September 7, 2028, unless extended or exercised earlier as part of a broader resolution to the conservatorship.

So basically, taking 80% of FnF is Mafia ROBBERY for paying $0.00001 per share.!!!
So how is this going to be GOOD deal for the FNMA & FMCC commons shareholders ?

NOTICE TO ALL JPS HOLDERS GET OUT FROM THIS BOARD , GO TO YOUR LOSERS, NERDS, SUCKER BOARD WHERE YOU ALL BELONG

When the 5 cent wall hits, my words will echo for all eternity.

Bill Pulte's latest documents !

pic.twitter.com/c8GMS5QTrW— Pulte (@pulte) March 26, 2025

Order Issuing a Directive Closing Directive on Standardization of Enterprise Radon Policies Decision No. 2022-727
(Fannie Mae and Freddie Mac) pic.twitter.com/QF4wkbEY4j— Pulte (@pulte) March 26, 2025