Fannie Mae (QB) (FNMAI) News

The FSOC Chair, Yellen, and FHFA's ST are criticized over on the #Fanniegate hashtag.
It seems that Sandra Thompson tailors for you a theme already sorted out long time ago, so you can pretend to be an active and knowledgeable official.

On Friday, the FSOC, presided over by secretary Yellen, aimed at addressing the Liquidity and Solvency risks posed by the nonbank mortgage servicers, requesting an authority of FHFA and GNMA, when it's already up and running since 2015.
FSOC CREATED A DIVERSION: NONBANK MORTGAGE SERVICERS
It requested an authority of @FHFA to address also Liquidity Risk: already in place too👇, so the banks' Liquidity/Solvency risk isn't fixed ($1T unrealized losses in Contingency Portfolios unaccounted for in Equity)#Fanniegate https://t.co/C5G4g3hOzp pic.twitter.com/9O5bXzQa0j— Conservatives against Trump (@CarlosVignote) May 14, 2024
And in the recent Senate Hearing, Senator Warren was in need of public recognition too.
.@SenWarren complains about the FHLBs' 10% mortgage assets initial membership compliance. It must be on an ongoing basis.
ST agrees:"I'll look into it"
FHFA 2016 Proposed Rule: 10% requirement on an ongoing basis. It opted out:"FHFA may revisit the issue in the future"#Fanniegate pic.twitter.com/G2ND4STTSG— Conservatives against Trump (@CarlosVignote) April 18, 2024
This way, they kick the can down the road with the important issues remaining (FHEFSSA Capital Ratios in FnF Basel-framework version, not their Net Worth that is pointless; and the Liquidity and Solvency in the U.S. banks with their hidden losses in their investments in debt securities, which are the eligible assets for their liquidity needs) and the economy is vulnerable, playing the Trump card with, once again, a cabinet that would be comprised of people specialized in buying distressed assets, like Mnuchin, NEC's Cohn and Wilbur Ross, along with his advisor, Blackstone's Schwarzman.

Why is he limited to two posts?

No news so no post. We’re still waiting for dumbo, six months after the verdict.

Sorry, double tap!

Around $134 billion combined after the month of April. If they let FMCC lend on home equities we can expect a huge increase in both income and net income for Freddie going forward! It could even get to the point where Freddie could conservatively add an extra $1 billion in net per quarter. GLTA!!

Around $134 billion combined after the month of April. If they let FMCC lend on home equities we can expect a huge increase in both income and net income for Freddie going forward! It could even get to the point where Freddie could conservatively add an extra $1 billion in net per quarter. GLTA!!

The FHFA is pretending to be a regulatory Agency.
FnF are regulated by the Charter Act to begin with.
This is why the FHFA, pretending to be busy, came up with an out-of-the-box idea about Freddie Mac granting personal loans at a 9.5% rate with the collateral valued at all time high, just after the FMCC CEO with 30+ years of experience in mortgage finance, resigned (Fannie Mae is kept by the FHFA to continue the extortion), that has been posted on the Federal Register for comment, a few years after the banks stole from FnF the business of Equity loans authorized in the Charter Act, during the refinancing boon, in cash-out refinancings and in collateral-sharing deals ($2+ Trillion second-lien mortgages outstanding with the collateral owned by FnF should be repurchased). Both operations aren't the same.

Just like the UPMOST Regulatory Agency, the FSOC (the regulator of regulators), presided over by the UST, requiring Congress an authority of FHFA to establish standards for the nonbank mortgage servicers, when it's in place already since 2015 with regard to their Net Worth (and Liquidity).
The FSOC, thus, providing the alibi to the FHFA, in order to conceal that the FHFA is using also in FnF the Net Worth to measure their financial condition, instead of the capital metrics as per the FHEFSSA and the Basel Framework recommended for the release by the UST in 2011.
The S.E.C. providing the cover-up of the Financial Statement fraud in FnF, with the gifted SPS LP and its offset (reduction of Retained Earnings account) absent from the balance sheets.
This way, these regulatory agencies and the FSOC, want FnF to meet the capital requirements with SPS LP increases, which is what is now going on.

It occurs in the midst of a banking crisis, with trillions of unrealized losses in investments in debt securities in the banks that remain unaccounted for in Equity (flawed Held-To-Maturity portfolio), both Liquidity and Solvency risks, and therefore, vulnerable to a round of rumors by the usual suspects on the social media and financial news outlets that would trigger a bank run. Nowadays, they've been ordered to remain quiet, but this can change with a phone call.

Financial Agencies called "Prudential regulators" in a hearing scheduled for Wednesday in the Financial Services Committee.
Federal Agencies that have approved the product unbacked crypto, flawed product from the financial point of view because any security, like this token, needs fundamentals (a legal claim on some future amount: common stocks, JPS, bonds, etc. Or, a legal claim on a collateral with the lack thereof, like in tokens) and a scam to rip off investors. Then, they pretend to be hostiles over this product, with the prior crew that awaits orders repeating the slogan: "The S.E.C. chair and senator Warren are tough on crypto". Any token needs to be 100% backed up with something, otherwise it can't be offered to the public because you are selling hype.
The U.S. economy is vulnerable, which is the opposite of "prudential regulators".
Let's pretend. All fake.

This is the excerpt taken from the 2011 UST Report to Congress, recommending g-fee hikes and what is commonly known as Basel-framework for capital requirements, for the release from conservatorship, at the request of the Dodd-Frank law.



Not only FnF have fetched CET1 > 2.5% of ATA on March 31, 2024, suitable for the redemption of the JPS (AT1 capital), but also FnF would comply afterwards, with the requisite of minimum 25% of the Prescribed Capital Buffer (Table 8) for the resumption of dividend payments, under the Separate Account plan in accordance with the law, that is, a normal conservatorship carried out secretly, and under the Charter Act (Low cost UST backup of FnF as a last resort, in exchange for their Public Mission; Enumerated Credit Enhancement operations and no more; Etc.)

I think this is the fastest way to big money for Trump and friends.
Mnuchin wasn’t able to do it partly because he didn’t have both houses.
Even with the split tickets predicted it looks to me like the Republicans are going to have clear majorities .
Also at the beginning of the first Trump presidency the companies didn’t have any money. They were only allowed to have $3 billion now they have more than $100 billion. (Maybe slightly less I haven’t paid attention recently.)
Trump wrote an ffin letter saying he wanted to release them.
He also doesn’t have to worry about getting reelected.
Now anything can happen, but looks good better than it ever has been.
But also, I have my own bias obviously because I’m a sucker for this BS.
I really expected the Supreme Court decide with us after the en banc.
That was certainly a kick in the nuts.

He’s on the FMCC board. He is limited to one or two posts a day here.

And Robert From The Yahoo Board?

X

That will still get us to probably 2.00$

He has moved on to other boards

What a piece of turtle when the stock market is flying

Even low interest rates announcement say, we will be +0.04 cents and fall -0.04 cents the next day

There is a spot on the basement waiting for all these players from the deciding authorities

Where is Navy?

Why don't you just Net Worth Sweep all the electricity to @USTreasury like you and your cronies schemed with Fannie Mae & Freddie Mac equity?— Guido da Costa Pereira (@GuidoPerei) May 14, 2024

We need GME & AMC visability, today they are both up +70%, still climbng tomorrow !!! Get it done TightCoil

Guido, well said !

Sticky 👍
Thanks DCBill well said.

just like calabria made it up as he went : hide stress test, make capital level 4% , write a stupid letter agreement on his way out. lol.

she is the only one pumping it. she says in the beginning that it will benefit mostly hedge funds at 00:45. we now know who are planning to loot freddie. she ends with saying mostly wall street firms will benefit (02:34). highly political (04:27). freddie is undercapitalized, how can they even think of? lol.

Meredith Whitney Advisory Group CEO: Proposed mortgage reform
is a ‘massive game changer’

https://www.cnbc.com/video/2024/05/13/meredith-whitney-advisory-group-ceo-proposed-mortgage-reform-is-a-massive-game-changer.html?__source=sharebar|twitter&par=sharebar[/url][tag]insert-text-here

Isn't that what you and your predecessors @FHFA did to your wards? Here at least the owners get to benefit from using their equity instead of some government bureaucrats.— Guido da Costa Pereira (@GuidoPerei) May 13, 2024

I know this is a joke but the people behind WSB have none of your best interests in mind.

only a .07 delta

interesting

it was .30 maybe just above

Charts are looking good. Big upward move coming soon.

Oh, and I will add:

Ichan at 88+, doesn't have all that much time to be f'ing around with this investment, waiting for pay day!

"And you left out that Trump is really good friends with Carl Ichaen who owns the common shares."

....and who also got screwed, like the rest of us, by the Goldman-Sachs alum, that POS Mnuchin.

Wouldn't you love Fannie & Freddie being halted for volatility! There is NO volatility in the bowels of the stock market so any craziness would have to be in an upward direction.

Censorship is alive and well in this POS world we now live in and it has arrived at the speed of light!

And you left out that Trump is really good friends with Carl Ichaen who owns the common shares.

https://www.yahoo.com/finance/news/gamestop-stock-gains-110-gets-halted-for-volatility-after-roaring-kitty-post-143738970.html

Someone ask this poster to help us

lol

Good idea Rick

What is this?

Anyone?

Tia

It won’t open

we also read here that mnuchin wanted to get it released and was friends with berkowitz and paulson as they donated a ton. what happened? i am coming to conclusion that their true motive is to close them down and receivership as calabria whom they nominated as director was working on behind the scenes doing it. motive: stop misuse of these two for various social programs including affordable housing

"I'm sure may retirees have died in squalor waiting to recover their retirement savings the government stole. Too late for many"
well put. and many have lost their childrens education with 529 money lost

John Paulson wants the released. Hedge funds want them released. DJT works for billionaires hedgies he is friends with.
They want to make money on the stock.
The question is is 30 billion in preferred worth it to them and I would say it might be and commons might get screwed .

-we do not know if he will win, too close
-If he wins, not sure if he wants to fix this or close them down (think bush, corker, demarco, calabria, mnuchin: which party did they belong to ? and what did they do you have your answer. even scotus judges are against fannie freddie )
-assume he wants to fix, what is the guarantee we will not get another calabria or mnuchin type? what is the guarantee he/she will cater to special interests funding the election?

too much speculation and faith . if he says openly what he is going to do with gse's, then it matters, he never committed to doing anything.

media controls CNBC

(I am lost - and what was said on CNBC?)

wishing everyone well this Mother's Day Week

By the looks of it the election is Trump’s to lose. Arizona, Nevada. I have gone with the winner 89% of the time.
The spreads those states between Biden and Trump and enormous.
Georgia is 9-10 points Trump favor.
I really don’t like Trump, but it’s not like I love Biden.
Honestly, if Trump will release the GSE and make us all rich, I’d be more than happy to vote for him.
Shows how firmly my political convictions are!

link? did they tell the press to go ahead and sound the bells? media is fully in their control

My comment today on a Yahho business story, "Fact or Fiction: Congress Stole From Social Security and Should Return the Money It's Taken, With Interest" was rejected when I drew an analogy to the GSEs.

My comment;

The same principle--in spades or major greenbacks--applies to the Government's treatment of Fannie Mae and Freddie Mac, which--unlike no other financial service companies operating in the 2007 housing finance crisis-- sixteen years ago were put into "conservatorship"--where they are still--and required to give well over $300 Billion in company/shareholder profits to various Treasury departments.

Even when the SCOTUS got involved, it rendered one of the more tortured judgments against the mortgage plaintiffs ensuring the bizarre arrangement would continue.

Yet, Fannie and Freddie still exist, locked into this federal hellhole with their shareholders, both still backstop the US mortgage market, and both are still forced to pay billions annually to the federal fund, in addition to their full federal taxes

Inner feeling, we need this, we need that, da moon ! Please be quiet for a week with the non sense. You sound VERY lost week after week, desperate and lonely!

Lmao !

You'd rather throw ur vote to FJB? Have you followed and accepted his policies? ....ok....

Fannie & Freddie on CNBC - Unlocking Home Equity. Key Mortgage reform in focus.

We need the GameStop people to help us. I will call them right now. Stay tuned for updates.

if DJT hires people like him - they will all put themselves first - no ?

hey - I will not vote for DJT based on GSE

but if he wins - I hope that he helps equity ---- it would be a plus on that side of his ledger

but to predict it - seems a bit too far fetched for me

50-50

RE the sweep - under DJT - CASH did not flow to Treasury !! - YUP
Cash stayed with F and F - YUP

Now - it was smoke and mirrors ---- as for every dollar that F and F did not send to Treasury under HERA --- Treasury got an IOU and increased the LP

SO ---- 50-50

If the LP is not killed or not dismissed or not viewed as paid off --- then the LP will wipe out every penny kept by F and F - either in receivership or by dilution of common and maybe JPS equity for about 80B or so of LP value GOV owns from this !!

If the LP is killed or dismissed or viewed as paid off (as I hope) then -- and only then !!! --- the smoke and mirrors cash and debt swap will super benefit us with equity

It could happen --- but DJT did not stop the growth of what F and F was in reality paying each quarter to TREASURY. DJT did not - in reality in the sunlight - stop the sweep. Read any unbiased account of what goes on each quarter.

I agree - a POTUS that wants to help us - or wants the good PR with spin - be it JOE soon or DJT - should declare the LP and indeed the total 200B "investment" paid off. That is very different from what did happen

The BO suit re ACA -

1. Had nothing to do with F and F - nothing (again if any POTUS can redirect money - DJT would have built a huge wall)

2. Was very small and had to do with one aspect of say 30-40 rules in the ACA - where insurance companies reimbursed hospitals which forgave deductibles and copays for poor patients. That is the law as written. But the R who sued were correct that money spent that way was not 100% specified in the final version of the written ACA legislation. So that one small aspect - friendly to about 1% of those on ACA - was killed. That was the key ruling

AND YES - as we all have learned in last 25 years - there is a limit to EO and FEDERAL power and the ACA and BO could not require states to participate in the expanded Medicaid to help working poor (the focus of the expansion - those who work and can not get Medicaid but while they work - they do not earn enough to pay premiums - lots of small business start ups) . I believe near 20 states brought the lawsuit - of which 11 or so now do offer the expanded Medicaid

I do
I think Calabria and DJT did nothing for equity in GSE and an R after BO and his NWS they blew a huge PR opportunity

so - I am amazed that a dozen or so posters here think DJT will save us --- even though we had four years of DJT and his picks for Justice (lawsuits continued to be defended) and Treasury

but why would historical facts bother DJT supporters on F and F - as they refuse to believe the data on DEBT overall by DJT being about eight Billion. DJT lovers prefer the alternative fact that debt in total rose more under BO --- BUT THAT IS 8 Years. On debt increase per year basis DJT was horrible for debt and laid the seeds for inflation ----- (note - I agree with the huge DJT funding to stop a recession - the stimulus - but the 2T to business was a joke and he will do it again -- causing more inflation

but - we will get a DJT rally in GSE prices if he stays even or ahead in polls -- just is this post WWII belief (despite all facts) that R curb deficits