Federal National Mortgage Association (QB) (FNMFN) Quote

Oh wow. I have been standing at this train station for the last 10 years. So many trains go by everyday. They never stop. I will now switch to the bus station. Maybe have better luck there.

According to our friend Calabria, the SPS will be crammed down because the DOJ says it would be illegal to forgive them.

Crappy day.

the NWS has been rubber stamped by scotus 9-0. It's never going away, nor is the c-ship. It won't be allowed.

10 percent senior preferred
79 percent wts

I do not understand

R U saying gov will accept 10 cents on the dollar for LP/SP obligation ?
R U saying gov will use 79% off its Warrants and the rest extinguished

there are models that say such a wipe out of LP/SP (the key) and use of WTS still would bring us a good PPF on common ?

Warren Buffet (unless buying out the whole shooting match with a "deal") would not own F and F

Coins are digital assets that operate on their own independent blockchain. Tokens are digital assets that operate on an existing blockchain network.

No legitimate entity is using either only speculators.. It is a pump and dump scheme that whales use on ding-dongs..

Thanks Kimbrown,

The Calabria interview cleared up a lot of the speculation about what he meant in his book. A couple of things were cleared up but what he said also raised more questions.

He definitely said that the SPS would have to be crammed down and likely converted - so the issue is valuation and ultimately dilution.

He said that he did not think the warrants will be exercised so unless there is a forced receivership the common will have to vote on any recap and if the USG does not own any common then the legacy common could reject any conversion terms - does anyone think that HERA gives the FHFA to vote for the common shareholders?

Any restructuring of the JPS would have to be approved on a series by series basis so it would be difficult to do anything but pay par on the JPS or make the restructuring terms attractive to all of the series. Any series could block a restructuring or just hold out for PAR.

Any thoughts?

No, the Networth sweep was not ruled as legal or illegal... Need to get this straight!

The SCOTUS dismissed the lawsuit, 4617f bars courts from questioning the actions of a conservator.

All the lawsuits challenged the actions of the Conservator within the terms of the SPSPA... AND The Supreme Court basically said we will not rule or give Judgment are act as an arbitrator on the contract the SPSPA. So, the NWS was not validated as legal or illegal by the Court: The Court dismissed the lawsuit.

Barron4664
09/20/23 9:36 AM
Post #768746 on Fannie Mae (FNMA)
The problem is not with the rulings of the courts. The problem is and always has been that the plaintiffs attorneys have only challenged the “Actions of the Conservator” such as the NWS or other provisions of SPSPA which is a contract. 4617f bars courts from questioning the actions of a conservator. As it should. None of the 15 + years worth of court cases have challenged the action of the FHFA as regulator or Treasury with respect to the statutes that actually matter. The charter act, safety and soundness act, chief financial officer act, etc. To get a takings or an illegal exaction verdict, you have to show that the gov broke the laws. The actions of the conservator cant break a law. But if you go before a judge and say the SPSPA is bad and the gov stole our companies and limiting the argument to the specifics of the SPSPA agreement and the amendments you get 15 years of no results.“ End of Quote

Suit Up, Get Aboard, and Don;t Look Back

Networth sweep was ruled as legal.

The stretch of timing for the Lambert - good faith and fair dealing contract lawsuit is goof for shareholders. The verdict will be held and will be priced in the eventual settlement to get GSEs out and relisted. Since net worth sweep is illegal, it has to be crammed down with the original 10 percent of senior preferred and 79.9 percent of warrant.

"Congress will give the fairness eventually. Hold on."

All it's given since 2008 is lip service. I've tried to buy groceries several times with lip services and got thrown out of the store.

Net worth sweep is neither in good faith nor with fair dealing. When the GSEs are released, the net worth sweep will be crammed down with 10 percent senior preferred and 79.9 percent of warrant which will be the final payout to Treasury to get GSEs out and relisted in 2027.

Calabria is out, he just said what he predicted which is no more than you predicted.

Congress will give the fairness eventually. Hold on.

Let's be honest around here, for once...I know it,
you know it, the whole world knows it,
A MAJOR POP IS AROUND THE CORNER. so
LOAD UP BEFORE THE TRAIN LEAVES THE STATION

Does the fact he doesn't own this stock tell you anything?

Hi LuLeVan,

What do you mean by a major top? Where do the JPSs trade on Nov 30 if DJT wins?

I am a huge Warren Buffet fan and most of my strategies are from his school. If you are discipline they work. Consider "The Intelligent Investor" by Albert Alan.

What’s Lloyd and Harry calling for today, $1.70, slap that ask, crappy day?

Enjoy the weekend team!

National Cat Day/Date
Tue, Oct 29, 2024

National Take Your Cat to Work Day (June 17th, 2024). Oh wow Monday. Calabria take note. All FHFA employees take note.

Get Ready, Any Momemt Now TightCoil Will Post We Are Going To The Moon,….Strap In…

Certainly you are totally clueless about what tokens are and the blockchain concept.

I guess you didn’t take my advice. XRP is more a token than coin. And is backed by its block chain technology that the whole world is moving to.

You just gave me an idea. We shd invent a smart doorknob, compatible with Google home , Alexa and Siri voice activated..

We know you buy high sell low

Prices of commons and JPS are coming down. That's why I sold about two months ago (missing out on the last 15% price increase in JPS). I think we are seeing the formation of a major top.

https://stockcharts.com/h-sc/ui?s=FNMAS

Have fun anyway.

One thing is cetain. DeMarco wouldn't have authorized the announcement of "delisting" in a bond of Freddie Mac. Likely, a call of a noncallable bond, or whatever the conspiracy is.
Diffrent styles Sandra Thompson and DeMarco:

Look at this tweet from Calabria about the CRTs and what some people call "GSE Reform".


The preps for a Privatized Housing Finance System revamp, doesn't mean that you can eventually approve it on your own, without an amendment by Congress of the Charter Act Credit Enhancement clause that bars it.


We are talking about making mortgage insurers pay for insurance (The PMI, number 1 in the Credit Enhancement clause, is paid for by the borrowers).
Let alone that it's not one of the 3 options for a Privatized Housing Finance System revamp chosen by the Treasury Department in 2011, for the release from Conservatorship at the request of the Dodd-Frank law, and in a report to Congress (not the surreal attempt to supplant it in 2019, with a Presidential Memorandum and a UST Plan).

This tweet is the reason why he was appointed FHFA Director more than a year later. Wall Street gave the go ahead.
Too bad that it's still barred. $20B in CRT expenses/recoveries, net, is due. The Retained Earnings account necessary to put FnF in a sound and solvent condition (Financial condition as seen on their Balance Sheets), FHFA-C's Rehab power.

Likely, it's money siphoned off to the Treasury under the Mnuchin's slogan: "The taxpayer be appropiately compensated." Good! But, again, that would be a different Charter Act because in this one, it's barred in the Fee Limitation clause.


The idea that you create a lengthy mega conspiracy, expecting that, this way, it can't be unwound, is wrong.
It's been calculated a BVPS, so we can also have the stocks' fair value (no dilution and par value, in the Cs and JPS, respectively) and a placement on the NYSE will fix this Fanniegate conspiracy overnight.

As the former Treasury secretary, Geithner, said at the time:
Don’t listen to banks…Their interests are not aligned perfectly with the broad interests of the American economy. Their job is to evade, or avoid, or weaken, any constraint on their ability to operate. Our job is to make sure we’re protecting the american economy from the risks they inevitably take.
And two days later:
The president did not want the new rules to end up being written by those who brought us to the edge of catastrophic financial failure.
Source.

It isn't Bradford's post. He lifted the court clerk's comment in the email he receives with updates.
It has taken him 6 days to post it, thinking that we would forget the backstory with a different case, Wazee, in order to protect their fat bonuses with the surreal Lamberth rebate.
It was commented here and on Twitter, first thing the next day it was filed.
Also the theme of judge Lamberth allowing the FHFA to file a shadow appeal 55 pages long, with old stories already sorted out (the claim travels with the shares), seeking delay.
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

Come to Papa!!

That’s what you said today Captain TightCoil. And we ended up in CrapVille.

👍️All Aboard! The Fannie/Freddie Express will
be leaving the station at the crack of the Opening
Bell. Destin🏁ation MoneyVille, USA

No need to read a book. Just read all my posts. You’ll be dumb as a doorknob in no time. And it’s completely free. Knock yourself out.

stumbled on this. for the likes of alongzride, lulevan, okeydokey, kthomp …
https://www.amazon.com/Leon-Cooperman-Unhappy-Billionaire-Learn/dp/B09SBS2CPM/

$2000.00, tough buy. hey, if fannie hits $2100, we can. lol.
https://www.amazon.com/Margin-Safety-Risk-Averse-Strategies-Thoughtful/dp/0887305105/

rcvd name of 2 other books if anyone interested.

https://www.amazon.com/Psychology-Money-Timeless-Lessons-Happiness/dp/B08D9WJ9G8/

https://www.amazon.com/Rule-1-Phil-Town-audiobook/dp/B000FA4VVE/

thank you, very interesting book.

i am in the same boat and lost interest in reading after gse investment . too much time spent on ihub. so i posed the question here. interesting that now a days people don't hold stock for a month, we have been here 16 years. lol. any good book even on day trading to make a living and on long term investing is good. on restructuring is good too.

https://www.amazon.com/Zurich-Axioms-reward-generations-bankers-ebook/dp/B00371V6WU/

Do you want books on restructuring? I may have very good referrals. Book may mostly be sold out but I can pull some strings...

On a lighter note, most (all) of us on this board are not the best ones to ask this qn, based on the GSE investment :)

the intelligent investor

can someone recommend good stock investing book for a student who is bored during summer?

"avg" = volume weighted average price, VWAP.



A bit more on these kinds of transactions:

Big corporations use VWAP algos. Or use ASR's which use VWAP algos Thanks @DanielSimonyi https://t.co/eRnH8Mb3dL pic.twitter.com/k0xKdZVPDP— Andy Constan (@dampedspring) June 13, 2024

Can't say for certain who it is but they've only showed up after the verdict

Say what ? What did he buy ? We dropped 8 cents. Are you sure he is not a seller ?

VWAP buyer has returned

"Is along4zride dead?"

We, the downtrodden, don't have that much luck!

" we are down to $0.40 from $1500 , 16 years ."

What is this $1500 BS you continue to harp about?

Super crappy day.

Debate-3 months early & ST- Later in year-- incentive

Presidential debate is 3 months before than usual September last week.
Today's statement by FHFA director starts with Later in year---- is intended to keep pps lower.
I would not be surprise Biden trap Trump on $400/month mortgage payment incentives for 25 months. Blame Republican for not passing bill for above incentive. Then Biden will use GSE’s warrant to give $400/ month 25 months. After that media will run with it that Biden is genius. Biden is beating Trump on his home ground "realestate".

Without release warrant incentive cannot be used.