Federal Home Loan Mortgage Corporation (QB) (FMCCL) News

BRK.A sell-off? Trading halted…

That’s right, more indebtedness! Yet, the silver lining is massive profits for Freddie! The loan ratio is up to 80% of value and people would still have to qualify with income.

Here is an opposing view to this new product I found on YouTube:

4 to 5 is expected. But its really not what it should be as you know, its worth a bit more but still has hate filled darkness and greed all around them

FMCC $5+ early November.

https://t.co/HLQ1NJFnYb pic.twitter.com/Wtgk1dRNen— Cmdr Ron Luhmann (@usnavycmdr) June 1, 2024

On second thought, it turns out there is a reason why $FNMA $FMCC and preferreds are surging higher. Its because of a new product proposed by $FMCC - securitizing home equity loans.
Currently $FNMA $FMCC securitize regular mortages but not home equity loans. With the pandemic… pic.twitter.com/d6e2A7Lydq— 🇺🇸Paul Mampilly (@MampillyGuru) May 30, 2024

If FHFA or UST were paying the penalty it’s a different story. As a shareholder I’d rather Fannie get released with its full earnings potential and its retained earnings in tact instead of paying out for lawsuits. That’s the evil of FHFA and UST’s actions - swipe the company funds then make the company payout for FHFA and UST self-dealing.

That’s why I own 85% Freddie and 15 % Fannie. Just in case the payout changes with a new suit by Fannie Common holders. We just need to get Lamberth to finish up and be able to use it as precedent. The next suit would be stronger and damages potentially more. Just speculation but that’s how I see it. GLTA!!!!!!

Waiting for appeals process to finish. Then you know they’ll use the lawyer that just won because he already has the entire argument laid out and ready to go. Then he will have the verdict from the other 3 to stack on top. Then maybe they’ll have a useful damages model.

if that's the case, with the W for the 3 other classes (not that it's done or provided any payment to date) why do you think a deep pocketed FNMA C holder hasn't filed the exact same suit? Maybe waiting until the other case is 100% complete? Seems like with the gov. slow roll. you would go ahead and file.

Pretty sure the reason is the plaintiff didn’t hold that class of shares. They had the other 3 though.

I have the same question. I assumed that it was to get through a trial and gain the knowledge on what arguments resonated with the jury, then file FNMA. However, i now think my assumption was wrong because after a hung jury and then a win I would have thought a class would be pulled together and filed by now (almost 10 months).

I think you might be too optimistic on when we see damages check. They’ll stall it out likely at least another year I’m figuring.

Also meant to say earlier this week but thank you for your service Navy both in the military and the stuff posted here.

Last, I didn’t realize Fannie did commercial real estate is that broken down somewhere in the numbers? Do you just mean they do more multi unit housing?

Has anyone ever posted a reason Fannie Mae commons were not included in the Lamberth case?

yep and on top of that FNMA is not listed in the case.... I don't see how people are still asking about that..
Freddie is getting stronger and Fannie weaker for earnings and no way to see damages in the Lamberth case...

Thanks navycmdr, :)

pay attention - next Fannie/Freddie Lamberth Court Deadlines

posted many times ... June 7th then July 16th ... Damages check soon after

Any idea when we will see a damages check? I have almost given up on that. :(

all Freddie shares are very green avg is well below $1.00 ...

bring on the Damages check ! ... -

Same reason i am all Freddie now… the commercial space is getting crushed right now…

I switched at least a year back…

I know where u work, and considering this, I wonder if u use a glass on the wall trick, and I’m ok with that. And from what I know U R correct about GSE release.

And we thought you came to this board coz of the post limits

same reason I switched to all Freddie

commercial real estate taking a major

hit as work from home continues and

large office buildings are empty along

with being sold for pennies on the dollar

Freddie is smaller in size & is mainly

focused on residential & multi-family

real estate - Fannie much larger and

does more Commercial real estate 🤔

That is wild. I wonder why Freddie is growing so much faster than Fannie?

Freddie Mac says total mortgage portfolio up 3.5% in April
May 30, 2024 https://t.co/KwvNeyEU3b— Cmdr Ron Luhmann (@usnavycmdr) May 30, 2024

the Fannie / Freddie unanimous jury

verdict 8-0 "in DC" AGAINST the Govt is

even MORE AMAZING considering the

news today ...

we're gettin' some kicks on the GSEs route _ .06 .06 _

GSEs Offer More Relief for Troubled Borrowers

dhollier@imfpubs.com

Fannie Mae and Freddie Mac, at the direction of the Federal Housing Finance Agency,
on Wednesday announced enhancements to their flex modification policies. The updates,
which go into effect no later than Dec. 1, target a 20% reduction in principal and interest
payments for borrowers.

According to FHFA Director Sandra Thompson, the goal is to help borrowers suffering
from the current climate of high interest rates and home prices remain in their homes.
To achieve this, the modification process involves a waterfall of steps that servicers
must follow until the mortgage payment is sufficiently reduced or all possible steps
have been exhausted.

Those steps include the capitalization of all arrearages, the conversion of adjustable-rate
mortgages to fixed-rate mortgages, a schedule of interest rate reductions and loan
extensions up to 480 months.

In cases where the post-modification mark-to-market loan-to-value ratio exceeds 50%,
principal forbearance may be applied until either P&I payments have been reduced by
20%, the mark-to-market loan-to-value ratio drops to 50% or the total principal forbearance
reaches 30% of the loan’s unpaid principal balance.

No interest may accrue to the forborne principal.

CFPB Releases RFI on Mortgage Closing Costs

sclark@imfpubs.com

The Consumer Financial Protection Bureau issued a request for information Thursday on mortgage closing costs.

“Junk fees and excessive closing costs can drain down payments and push up monthly mortgage costs,” said CFPB Director Rohit Chopra. “The CFPB is looking for ways to reduce anticompetitive fees that harm both homebuyers and lenders.”

The CFPB raised concerns about costs for credit reports and title insurance, among other items. Comments on the RFI are due by Aug. 2.

Industry trade groups issued a swift response to the RFI, cautioning the CFPB that any changes to mortgage disclosures should go through a formal rulemaking process with a robust cost-benefit analysis.

that will lower the Fannie Cap requirement

Fannie Mae guaranty book of business drops 0.6% in April

May 29, 2024 - By: Liz Kiesche

--- Fannie Mae's (OTCQB:FNMA) guaranty book of business contracted at a compound annualized rate of 0.6% in April to $4.122T, the government-sponsored enterprise said on Wednesday.

--- The company that guarantees mortgages recorded new business acquisitions of $25.9B during the month, up from $23.4B in March but down from $31.6B in April 2023.

--- Retained mortgage portfolio balance was $74.2B at the end of April, compared with $75.6B at the end of March.

--- The conventional single-family serious delinquency rate declined 2 basis points to 0.49% in April, while the multifamily serious delinquency rate also fell 2 bps to 0.42% during the month.

Most who dont own Commons have never worked for any corporation that makes a profit. Weather its a Master Plan that takes up to 5 years or less to achieve, or any project know to man, that always is achievable in 3 to 5 years. When you talk about the people who have kept this theft going for 15 years, Your talking about people who have never made a profit, cant balance a budget, become millionaires with laws they have inside information on, and most all of them know nothing about accounting or finance. FHFA Director's were either ankle kissers, lane changers, or hate filled people or GSEs haters, because the GSEs were so profitable and knew how to run a real business like they have been doing for 7 decades. None of them understand the quagmire, accept SM(he screwed them intentionally), they have created and everything they do makes it worse.

Is he an "ombudsman"? Such a relevant narrative that he has it and chronographical order...
Skanky Hanky left such an lasting eff-up.

Should we ask "DoNotUnderstand“?
😆?

Who changed the name of this board?

That is an excellent thread !!! Needs to be sent to many of the DC do nothings like Yellen, ST, Calabria, Mnuchin, etc.

Boooom ! - David Fiderer posted this ....

1. Why have Fannie & Freddie been kept in conservatorship for 15 yrs? Because of demand for GSE "reform" based on an anti-GSE narrative used to distract away from the fatal flaws & institutionalized fraud of private label residential mortgage securitizations. An explainer 🧵— David Fiderer (@Ny1david) May 29, 2024

GSE rebound day - Green Fannie & Freddie !

The Story of Fannie Mae and Freddie Mac ...

Mark is a dear friend of many, many years. But he has never accepted or acknowledged the plain fact that Fannie and Freddie are P&C insurers and their capital should reflect that fact. Calculating regulatory capital in any other way is useless, wrongheaded and improper.…— joshua rosner (@JoshRosner) May 28, 2024

really, give me some facts please, on how u conclude a dollar value of less than 20.

I guess , 2028 comes and warrants expire worthless

Maybe we shd escape at the Trump bump in nov

Outlook for Ending GSE Conservatorship UncertainIf former President Donald Trump is re-elected, there’s a possibility that the
conservatorship of the government-sponsored enterprises will come to an
end, according to Isaac Boltansky, a managing director at BTIG.

Tuesday May 28, 2024 - dhollier@imfpubs.com



If former President Donald Trump is re-elected, there’s a possibility that the
conservatorship of the government-sponsored enterprises will come to an
end, according to Isaac Boltansky, a managing director at BTIG.

Speaking last week at the Mortgage Bankers Association’s secondary market
conference in New York City, Boltansky noted that the Trump administration
made substantial progress toward ending the conservatorship of Fannie Mae
and Freddie Mac. He added that Mark Calabria, the head of the Federal
Housing Finance Agency during the Trump administration, is looking for a
different role in the potential next administration, but Trump could appoint
someone else who believes that the conservatorship should end.

Jaret Seiberg, a housing policy analyst at Cowen, was more skeptical that a
second Trump administration would be any more successful at ending the
conservatorship than the first. “You had the perfect combination in the last
Trump administration, with a [favorable] Treasury secretary in Steven Mnuchin
and FHFA Director Calabria, and they couldn’t get it to the finish line.”

That was at least in part because of White House resistance, Seiberg said.
“Because nobody is going to vote for you if you release Fannie and Freddie.
You are, however, going to lose an election if somebody messes up the
housing-finance system by freeing Fannie and Freddie.”

Possible likely

We might see a $1.00 again seriously!

Banks still making money, builders still buying down rates for loans and sourcing cheaper and less expensive components for houses, people still buying new even if its now less sq ft than it was 3 years ago. Everyone still doing what they can to shift with market demand, taxes going up, and existing home values now a buyers market.
GSEs are better than ever, not even close to where they were in 2008 as a dumping ground and 2012 when theft into Obamacare ruled the day. Someone could be a HERO if they released them properly now

News Release - FOR IMMEDIATE RELEASE - 5/28/2024

U.S. House Prices Rise 6.6 Percent over the Last Year; Up 1.1 Percent from the Fourth Quarter of 2023

Washington, D.C. – U.S. house prices rose 6.6 percent between the first quarter of 2023 and the first quarter of 2024, according to the Federal Housing Finance Agency (FHFA) House Price Index (FHFA HPI®). House prices were up 1.1 percent compared to the fourth quarter of 2023. FHFA’s seasonally adjusted monthly index for March was up 0.1 percent from February.

“U.S. house prices continued to grow at a steady pace in the first quarter,” said Dr. Anju Vajja, Deputy Director for FHFA’s Division of Research and Statistics. “Over the last six consecutive quarters, the low inventory of homes for sale continued to contribute to house price appreciation despite mortgage rates that hovered around 7 percent.”

View a highlights video at https://youtu.be/8C4Hf3dGAwA

Significant Findings

--- Nationally, the U.S. housing market has experienced positive annual appreciation each quarter since the start of 2012.

--- House prices rose in 50 states between the first quarter of 2023 and the first quarter of 2024. The five states with the highest annual appreciation were 1) Vermont, 12.8 percent; 2) New Jersey, 11.6 percent; 3) New York, 10.9 percent; 4) Delaware, 10.7 percent; and 5) Wisconsin, 9.9 percent. District of Columbia had a decline of -1.5 percent.

--- House prices rose in 97 of the top 100 largest metropolitan areas over the last four quarters. The annual price increase was the greatest in Allentown-Bethlehem-Easton, PA-NJ at 16.0 percent. The metropolitan area that experienced the most significant price decline was Urban Honolulu, HI at -3.2 percent.

--- All nine census divisions had positive house price changes year-over-year. The Middle Atlantic division recorded the strongest appreciation, posting a 9.9 percent increase from the first quarter of 2023 to the first quarter of 2024. The West South Central division recorded the smallest four-quarter appreciation, at 3.7 percent.

--- Trends in the Top 100 Metropolitan Statistical Areas are available in our interactive dashboard: https://www.fhfa.gov/DataTools/Tools/Pages/FHFA-HPI-Top-100-Metro-Area-Rankings.aspx. The first tab displays rankings, and the second tab offers charts.

The FHFA HPI is a comprehensive collection of publicly available house price indexes that measure changes in single-family home values based on data that extend back to the mid-1970s from all 50 states and over 400 American cities. It incorporates tens of millions of home sales and offers insights about house price fluctuations at the national, census division, state, metro area, county, ZIP code, and census tract levels. FHFA uses a fully transparent methodology based upon a weighted, repeat-sales statistical technique to analyze house price transaction data.

FHFA releases HPI data and reports quarterly and monthly. The flagship FHFA HPI uses seasonally adjusted, purchase-only data from Fannie Mae and Freddie Mac. Additional indexes use other data including refinances, Federal Housing Administration mortgages, and real property records. All the indexes, including their historic values, and information about future HPI release dates, are available on FHFA’s website: https://www.fhfa.gov/HPI.

Tables and graphs showing home price statistics for metropolitan areas, states, census divisions, and the United States are included on the following pages.

Can you provide any relatable GSE source of this statement. What you're saying would be great, but...but...but...I have my doubts, I haven't heard of anything remotely close to this.

Reminds me of those Fanniegate zero statements that never materialized or never existed except on the back of a skateboard.

FMCC

Trump is expected to debate Biden later this month of June and sources are already saying Trump will say he is releasing Fannie and Freddie from Conservatorship.

ALWAYS REMEMBERR.....have a peace filled MEMORIAL DAY
https://www.foxnews.com/lifestyle/jack-carr-logan-memorial-day-guard-graves-sacred-vigilance