Wise Man
9 hours ago
It's the judge who replies to a motion for JMOL Rule 50(b), but it would have triggered the 30-day count to reveal the attorneys' fat bonus (Attorneys' fees and costs, approximately 30% of $600 million for their con job: simply, for pretending to be an unsophisticated lawyer: cover-up of the Restriction on Capital Distributions and exceptions; "Cash Equity"; Etc.).
According to the judge's final judgment.
Then, the Defendant's reply, on July 16 2024.
Wise Man
9 hours ago
Closing in on the corrupt litigants.
A surreal brief was filed yesterday as scheduled, in opposition to a 55-page long RENEWED motion for JMOL Rule 50(b) (it RENEWS the prior oral motion for JMOL Rule 50(a) that, supposedly, presented evidence argued during the jury trial. They don't match. Hello?)
In truth, the FHFA's Wall Street law firm filed a shadow appeal, talking about something judge Lamberth already sorted out and not about a jury issue: the claim travels with the shares. Judge Lamberth already said YES. So, a shadow appeal and the plaintiffs playing around, knowing that their attorneys have the fat bonus secured.
The DOJ and the S.E.C. said so.
Turning a district court into an Apoellate court. That is, in-house promotion, like occurs within FnF. The less people get involved in a conspiracy, the better.
Or Pershing last week, creating the figure of President to oversee the CEO, Ackman, but, it turns out, it was the CFO promoted to President.
RATHER THAN AN APPEAL WITH WAZEE (CFC)🆚THE NWS 2.0, THE ATTY HAMISH FILES A BRIEF IN OPPOSITION TO JMOL (LAMBERTH CT)
Jointly with Berko's atty, who claimed it's Wonderland: the UST gets rich w/ gifted SPS and, at the same time, FnF are recapitalized👇#Fanniegate @TheJusticeDept pic.twitter.com/Ts5bqK4oAp— Conservatives against Trump (@CarlosVignote) June 8, 2024
Fnmaman
1 day ago
Fidelity ActiveTraderPro®
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Homebuying Sentiment Hits New Survey Low
PR NEWSWIRE 8:30 AM ET 6/7/2024
Citing Unaffordability, 86% of Consumers Say It's a Bad Time to Buy a Home WASHINGTON, June 7, 2024 /PRNewswire/ -- The Fannie Mae Home Purchase Sentiment Index® (HPSI) decreased 2.5 points in May to 69.4 as the component measuring consumer attitudes toward homebuying conditions fell markedly, reaching an all-time survey low. This month, only 14% of consumers indicated that it's a good time to buy a home, down from 20% last month, while the share believing it's a good time to sell fell from 67% to 64%. Meanwhile, consumers continue to believe affordability will remain tight for the foreseeable future, as respondents believe that, on net, home prices and mortgage rates will go up over the next year. Among the positives from the survey: A growing share of respondents, now 20%, indicated that their household income is significantly higher than it was a year ago. The full index is up 3.8 points year over year.
Fannie Mae®
Wise Man
2 days ago
Image with the 2019 UST Housing Reform Plan pursuant to a Presidential Memorandum.
Made in China, with a Government Explicit Guarantee on MBS that made the FHFA price the Commingled Securities unveiled in June 2022 at 50 bps (Source). Days later, 9.375 bps when they realized that it was all an attempt to supplant the real thing: a requirement to UST to put an end point for the conservatorships in the Dodd-Frank law, and a 3-option Privatized Housing Finance System revamp that came out as a result (a Report to Congress), a few days after the January 31, 2011 deadline, typical in the UST when it has a deadline from Congress.
Recommending guarantee fee increases and Basel framework for capital requirements in FnF to that end: Charter revoked scenario. That is, no "GSE" anymore. GSE means "UST backup of FnF" in the Charter Act, and thus, where "the existing government support of each GSE" comes from, and not from the SPSPA stated by Mnuchin in his UST Plan, which is a simple fact sheet in light of an authority in the Charter Act. We also see how Mnuchin initiated the current "GSE" movement, whereas the UST of 2011 called them by their name: Fannie Mae and Freddie Mac.
DeMarco began to work on it right away. Source.
Now, the Commingled Securities, with 9.373 bps, would facilitate the option 3 in the 2011 UST Privatized Housing Finance System Plan: a Government Catastrophic-Loss Reinsurance on MBS, triggered upon bankruptcy of the mortgage guarantor, although it still can be private reinsurance, for the options 1 and 2.
The fact that, in the 2019 UST Plan, the UST pointed out that Applicable law does not prescribe a specific end point for the conservatorship.
when it was the Dodd-Frank law the one that required it to put the end point (This is what lies behind Whalen's remark a few days ago: Post Dodd-Frank they must be 'private', meaning same capital standards as fully private banks as the UST required in 2011, for the release from conservatorship. His remark was considered a mistake, because he is a well-known FnF hater and he forgot that the plotters have to cover it up), is evidence of this attempt to cover up the original mandate, accompanied by the corrupt litigants in charge of covering up the Restriction on Capital Distributions, as it's the main tool (HERA Chapter: Prompt Corrective Action) to recapitalize private corporations: the Retained Earnings account that absorbs the future losses (today, stuck at an adjusted $-216B every quarter). CET1.
An adjusted $442B worth of regulatory capital is missing, but necessary for the rehabilitation of FnF under the new stringent capital requirements (ERCF).
The Supreme Court simply authorized a Separate Account plan, "beneficial to" (the correct words are: best interests of) FHFA: watching the stocks trading at rock bottom prices is worth a lot for them.
TightCoil
2 days ago
Future Performance of FNMA and FMCC
RALLY FOR OUR DREAMS ! DREAM FOR OUR DREAMS
Something's Coming - Song from WestSideStory
Song by Jimmy Bryant
Could be, who knows?
There's somethin' due any day
I will know right away, soon as it shows
It may come cannonballin' down through the sky
Gleam in its eye, bright as a rose
Who knows? It's only just out of reach
Down the block, on a beach, under a tree
I got a feelin' there's a miracle due
Gonna come true, comin' to me
Could it be? Yes, it could
Somethin's comin', somethin' good, if I can wait
Somethin's comin', I don't know what it is
But it is gonna be great
With a click, with a shock
Phone'll jingle, door'll knock, open the latch
Somethin's comin', don't know when
But it's soon, catch the moon, one-handed catch
Around the corner
Or whistlin' down the river
Come on, deliver to me
Will it be? Yes, it will
Maybe just by holdin' still, it'll be there
Come on, somethin', come on in, don't be shy
Meet a guy, pull up a chair, the air is hummin'
And somethin' great is comin'
Who knows? It's only just out of reach
Down the block, on a beach, maybe tonight
Maybe tonight, maybe tonight