Fannie Mae (QB) (FNMAS) Quote

completely wrong.

HOUSING AND ECONOMIC RECOVERY ACT OF 2008

RESTRICTION ON CAPITAL DISTRIBUTIONS.— page 2731
‘‘(1) IN GENERAL.—A regulated entity shall make no capital distribution if, after making the distribution, the regulated entity would be undercapitalized. The exception.

Quote: “Page 2732

EXCEPTION.—Notwithstanding paragraph (1), the Director may permit a regulated entity, to the extent appropriate or applicable, to repurchase, redeem, retire, or otherwise acquire shares or ownership interests if the repurchase, redemption, retirement, or other acquisition— ‘‘(A) is made in connection with the issuance of additional shares or obligations of the regulated entity in at least an equivalent amount; and ‘‘(B) will reduce the financial obligations of the regulated entity or otherwise improve the financial condition of the entity.’’.

NOTE: REPURCHASE, REDEEM, RETIRE...

WILL REDUCE THE FINANCIAL OBLIGATIONS OF THE REGULATED ENTITY.

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

Video of Senator Hagerty comments starts at 01:22:10
https://www.banking.senate.gov/hearings/oversight-of-federal-housing-regulators

I would wager Tim P's team wrote those comments for the distinguished gentleman from Tennessee...

Senator Haggerty's comments to FHFA Director Sandra Thompson at today's banking hearing...
Director Thompson I would like to direct this to you. You have testified that in order to end conservatorship of Fannie Mae and Freddie Mac, two things need to happen. First, they’ve got to build capital through retained earnings before ending the government’s 15 year long conservatorship. Second, you’ve said that Congress needs to decide the future of these two government sponsored entities and the US mortgage finance system more broadly. On the first point, the quickest way to end the GSE conservatorships is to raise private capital just as bailed out banks were allowed to do in the wake of the 2008 financial crisis. Now that the GSEs control so much of the housing market, there seem to be a reluctance to relinquish government control. I ask myself: Why? Well, judging by the redistributive housing policies that have been pursued while you’ve been at the helm of FHFA it seems that the GSEs are viewed by the Biden administration as simply backdoors to push its DEI social policy agenda which is well beyond your mandate. On the second point, congress has already decided what type of mortgage finance system it wanted with the 2008 HERA law. That law significantly enhanced the regulatory and supervisory powers of your agency over Fannie Mae, Freddie Mac and the Federal Home Loan Banks. The problem here is that the Obama and Biden administrations have never taken their feet off the throats of Fannie Mae and Freddie Mac so that they can succeed as private companies. The responsible thing to do for yourself, for Secretary Yellen and for Attorney General Garland is to continue the work that was begun by former FHFA director Calabria to raise private capital and return Fannie Mae and Freddie Mac to the private markets. This would result in a $100B+ windfall for taxpayers and could be used to immediately to help expand the countries housing supply and support affordable housing for Americans most in need. We talked about this at the time of your confirmation to be the agency head and our housing markets and American taxpayers deserve to see these conservatorships to be brought to an end. I appreciate your full attention to this in the time you have left remaining as director. Thank you.
https://www.glenbradford.com/2024/04/senator-hagerty/

Next stop $0.05 hold on tight.

its rotation back into Ps, but surprisingly its not way green. Trend is your friend.

It’s a rotation from the preferreds to the commons. Makes perfect sense. Buy the commons. Dump the preferreds. That’s exactly what smart astute intelligent brilliant investors are currently doing.

Big crash today. Too bad for Bradford. Yeah too bad. Five cents on deck.

Lamberth's order released...

https://ecf.dcd.uscourts.gov/cgi-bin/show_public_doc?2013mc1288-420

Ps are going up cause commons are going up. Like I said before, Bradford is no dummy, he gets the connection. Most Ps are just dummies following greedy dummies like KTCarney.

Interesting spike end of day. John Paulson news related ?

Humm, hope so

What is up with FNMFM?!!! Hopefully we got some foreshadowing going on...
FNMFM 9.94 +4.44 +80.73%

Trump will be a few votes shy of securing the nomination after tonight...looks like FnF preferreds are moving in line with that...FNMAS up bigly

Fannie and Freddie’s stocks have gone up on speculation about a tight presidential race, but would a Trump win really deliver privatization? My story on the odds: https://t.co/3WrHAr61s1— Katy O'Donnell (@KatyODonnell_) March 4, 2024

Ps red, as it should be. Commons should could and would be same or more if unconstitutional and illegal actions by government were stopped.

U still have the issue of comprehension and math. Go back and read, I said rounding off, so ur a trivial moron??? U always round down below 5. Is this your knowledge base, trying to knock someone down with 6th grade arguments? Pitiful.
Ok Mongo. You showed me...stay giddy!

U still have the issue of comprehension and math. Go back and read, I said rounding off, so ur a trivial moron??? U always round down below 5. Is this your knowledge base, trying to knock someone down with 6th grade arguments? Pitiful.

lol, I have math & reading issues?!!...At first you say $4.80 to $4.30
wow FNMAS did a 10% swing from 4.8 to 4.3,
but now it is $4.80 to $4.20
since the high was 4.80 and it went back to 4.20 ill perform it for you. 4.80 - 4.20 = .60
Of course you were wrong on both counts - the low was $4.24

I am embarrassed for you. Truly...If you going to try to insult someone, maybe have your shit together first before you hit the submit button.

I highly recommend you just stick to the Mongo impersonations...at least that comes natural for you.

yeah i know, for those lacking in amplitude or simple math, memory, and reading skills ill review.

wow FNMAS did a 10% swing from 4.8 to 4.3,

since the high was 4.80 and it went back to 4.20 ill perform it for you. 4.80 - 4.20 = .60
down 60c from its high, which was my premise in the first place and only place. I rounded off not to confuse dolts too much. keep your filthy mind off children and stop thinking like a smart ass teen, you might make to college some day.
i will even elaborate some more, a day trader could make a lot more than opening and closing numbers, on almost every stock, thats how it works for anyone above 6th grade level skills

I would know the first thing on what makes little school girls giddy
I know that...Hence the reason I said you were giddy as one.

its now down 60c ouchi woochi
60 cents??? I only show the evil empire down 30 cents for the day...All that preferred hate causing you to see doubles?

ok infidel, figures, some seem to think about school gilrs, i would know the first thing on what makes little school girls giddy. Freak its now down 60c ouchi woochi

wow FNMAS did a 10% swing from 4.8 to 4.3, must be a figment of my imagination if Shellgamers say its huge for JPS? was that for JPS shorts?
You must be giddy as a little school girl...

wow FNMAS did a 10% swing from 4.8 to 4.3, must be a figment of my imagination if Shellgamers say its huge for JPS? was that for JPS shorts?

Make it happen…
pic.twitter.com/1mhkv0JU2n— Free FnF (@afguy31) January 24, 2024

reality?

What just happened 😳

All Fannie 50's have broken the $6 threshold...Freddie 50's not too far behind.

Excellent point.

Preferred are all green on my screen. I still do not understand those who see the game as pfds vs commons. The game is pfds plus commons vs FHFA and Treasury.

Preferreds headed down the crapper along with Bradford. Good.

This was a fun week! I am now more on the side of Tim Pagliara's belief that Biden will release the twins after reading the Bloomberg interview with Fannie CEO Priscilla Almodovar.

Unusual for FnF leadership to make public comments like that...I don't believe she would without the blessing of the Biden admin.

Biden is getting trounced in the polls by Trump...he needs some kind of policy victory and housing would be a good one

Into the $4's

What's the difference between an overflowing nuclear waste landfill and FNMAS ? Not much.

You are getting some nice returns on your recently purchased FNMAJ...well done.

Today was a good day. After last nights landside in Iowa it is obvious FnF wants Trump to win...FJB

Observing both Commons and Preferred movement, the thing i like about preferred is when they move, they dont bounce around and often lose all gains by end of day. that predictability does make them more attractive then commons. In order for commons to break 1 and move to 2, they will have to have that same predictability(strong believers or hands , as some call it, its a cheezy description and is more like value investors, or even strong speculators)

I toko my 4Q tax money and brought FMNAJ in Nov, Dec. will hold off as long as I can for this pop and payout from the settlement.

Another good day for preferreds and commons blowing up...Exciting times the last few days.

Curious what is behind this price movement - my wild ass guess is a change to the capital rule...I guess we will find out shortly.

I should have jumped on this for the ride.
I believe you will get your chance if you want...With this month delay on the plan of allocation I expect a bunch of red for the preferreds tomorrow.

Yer was hoping to get more this week but dam thing got away on me! Hope it gets delayed until Jan 12 or something gives me time to buy a lot more

FNMAS closed at $3...12% of par

I jumped in on Friday FNMAJ @ $1.98. Loaded up with spare cash for the award on 21st . It's free money why wouldn't you buy more JPS for a free payout !!
Nice 25.2% gain in less than a week...I hope the momentum continues.

I jumped in on Friday FNMAJ @ $1.98. Loaded up with spare cash for the award on 21st . It's freee money why wouldn't you buy more JPS for a free payout !!

I should have jumped on this for the ride.
Never too late...It has gone up 7.27% in the 2 hours since you made this post.

Currently at $2.95...Will it break $3 today?

I should have jumped on this for the ride.

I've been buying FNMAP ($50) since the jury verdict in August. Normally trades a few thousand shares per day.
Someone got in big today...1,061,244 shares traded so far

FNMAS up 25+% in the last few weeks...closing over 2.50 for the first time since very beginning of the year...

Nice start to the week with almost all of the preferreds up a few points... Bump in anticipation of verdict certification?

I'm long on my JPS will never sell because I believe the same. One day they will be released just a matter of time as the wheels are turning and more and more pushing by companies people in high positions are speaking up. Common shares are a gamble once news or any sniff of release etc commons will eplode but sell before they do the cram down and R/S. Quick cash and hold JPS for dividends. If Trump gets in in 2024 we may be fast tracked to release but if we don't then it's another 4 years on lockdown for the GSE's

Have long position in GSEs. I still believe somebody is not a thief somewhere in government, stupid eh.

Yes very true very true but one can't help themselfs when it comes to a wild card play with these odds !! It's worth the gamble on the GSE and JPS