Fannie Mae (QB) (FNMAK) News

I and my other 35 pro se aliases don’t understand you. Maybe ask someone to help you compose your posts so they make sense to anyone other than yourself. From the evidence I can find, the only separate accounts have been that Treasury used Tarp funds in an illegal “separate account” to provide the “commitment” in the SPSPA. While they purchased billions worth of MBS on the secondary market to help their banking buddies. The whole Conservator charades purpose has been to cover up those other super secret separate accounts while hiding the evidence behind national security and executive privilege.

Do we test 1.99 soon or back to 1.49 “whack a mole” time again.

Go FnF

There is no secret account. It is a malicious lie propogated by carlos vignote

Anyone know what off-shore account the Secret Plan account is held?
(Asking for a friend)

Sticky this.

What time zone do you live in? You pretty much post from 12am to 6am Eastern daily. I have a feeling you are trolling us from Europe somewhere

Can we have Mr. Otting back ?

A stock that is 100% political, there is nothing else that will move the stock price except politics. Fundamentals mean nothing right now. All I can say is someone has 168 days to get thicker skin because the stock price is going to move dramatically Up or Down.

THE SEPARATE ACCOUNT PLAN WAS PURSUED DELIBERATELY.
Not just the very moment that Calabria and Pelosi with HERA enacted a homonymous second UST backup of FnF, inserting it in the Charter Act just below the original one, without including it as an exception to the Fee Limitation of the United States, but also deliberately enacted regulation for a follow-on plan with "the supplemental" CFR 1237.12 that (c) supplements and shall not replace or affect any other restriction on capital distributions by statute (U.S. Code 4614(c)).

Mnuchin and Calabria/Watt deliberately chose another capital distribution restricted as compensation to UST, making clear that the dividend to UST was eliminated to all effects,


which is the condition required to be considered capital distribution (#1 in its statutory definition).
12 U.S. Code §4502(5)(A):
A payment in kind with respect to "other ownership interest" (SPS) in an enterprise, except a dividend consisting only of shares of the enterprise.
And the fact that this new compensation was included in the SPSPA in a brand new clause, making clear that it has nothing to do with the addition to the Liquidation Preference when the cumulative dividend is suspended, stipulated in a different clause.


The DOJ's Perdogar in a letter addressed to the court and justice Alito, sold it as a game changer, based on the Financial Statement fraud in FnF, when it's the same Common Equity Sweep as before, when FnF (and thus, the JPS) need this Common Equity for the financial "rehabilitation" (CET1), as per justice Alito's interpretation of the FHFA-C's Incidental Power that requires to uphold the FHFA-C's Power (soundness).
Justice Alito even called it "4th amendment of the SPSPA", when Perdogar's letter talked about "prior amendments" (in plural), which refers to the 5th and 6th PA amendments, on Sept 2019 and January 14, 2021, respecively (the one of the 4th PA amendment, December 2017, was a one-time $3B SPS LP increased for free, and the origin of the Financial Statement fraud with Mnuchin/Trump, but with Mel Watt this time). Alito aimed to mislead people, so they mistake it for the 4th SPS Certificate amendment of April 2021, a different deed that inserted the prior SPS Purchase Agreement (PA) amendments (it isn't a new agreement by the parties), when secretary Yellen was in office, which is the slogan peddled by the plotters' social media crew. This way, the attempt to get Yellen involved in Fanniegate with her actions and, specifically, in the flawed 6th PA amendment: "Capital Reserve End Date. Warrant. CET1 >3% of TA for the release. Stock offerings", not just with her inaction like nowadays.

Make no mistake. FnF continue to post $0 EPS in their Income Statements, and there is no game changer whatsoever. And you don't need to be accountant to spot that $132B SPS LP is missing on their Balance Sheets.
It's up to you if you get the wrong information from the Bloomberg Terminal that posted $3 EPS estimates from KBW for 2024 and 2025, just after $0 the prior years, from the conman Timothy Howard pointing out that FnF post "a minuscule PER" when it's sky high or N/A when the EPS is negative or $0, expelled abruptly from Fannie Mae with a shocking 300-page report by the OFHEO, or from one of those "attorneys" sent to Fanniegate, called "Midas khompt19" who calls it "off-balance sheet SPS", and claims that the Restriction on Capital Distribution is when FnF are declared Undercapitalized (Capital Classification that don't exist nowadays), when the law states "undercapitalized" in general, and it starts with "IN GENERAL".
The Capital Classification "Undercapitalized" reminds me another reason that proves the existence of the Separate Account plan with the reason why FHFA's Mel Watt lifted the suspension of the 4.2 bps on new acquisitions, funneled to two Affordable Housing funds managed by the UST and HUD.
Another capital distribution (an expense unrelated to the normal business operations) that has its own Restriction on Capital Distribution different to the one that applies to all others mentioned above (USC 4614(e)).
It was explained here. In brief:
-One of the reasons for the suspension is that it would cause FnF be classified undercapitalized (a Capital Classification).
-The evidence of Separate Account is the reason why the suspension was lifted in December 2014. It has to meet: "it isn't contributing to the financial instability of FnF", which at the time, in the midst of a conservatorship, can only be feasible if FnF had fully paid off the SPS, as a one interim goal in the pace to, at least, meet a minimum capital requirement, as per the exception to the general Restriction on Capital Distributions, and it's estimated that the laggard Fannie Mae terminated this task as of end of 2014, one year later than Freddie Mac (as seen in my signature image below). The SPS were paid off also pursuant to the FHFA-C's "Rehab" Power, where put in a solvent condition, meaning the ability to pay its debt obligations, it's also included the repayment of the obligations SPS (it adds up to its Solvency), besides building capital. "Solvency" is not having a UST backup attached, as a low profile judge stated (8th Cir.), but Solvency on its own. Besides "Soundness: return to profitability, despite that a great amount of that profit is later sent to Treasury's coffers", when it's Retained Earnings (CET1)

I get my information directly from FnF's SEC filings and the laws/regulations, I don't take seriously the financial analyses from the judiciary, and I read the 2006 OFHEO report available online.

An authority of FHFA since day one. That is, a Separate Account plan. Not 16 years on, asking the UST for debt forgiveness IMF-Argentina-style, with secretary Yellen preparing another "Mnuchin", that is, preparing a round trip around the world forgiving debt to foreign countries, just after, in several occasions, he swapped their China Debt with the "Belt and Road initiative" for UST debt, which is what Mnuchin did in his last weeks in office. Primarily because FnF would have to pay Income Tax on that amount.

BOTTOM LINE
Either the officials wanted to make sure the law is upheld (the reason Watt lifted the suspension on 4.2bps), deliberately enacting regulation with the supplemental and, even chosing what they knew was restricted to continue the plan of deception, and another key, the FHFA self-corrects: the goalpost is Basel-framework for capital requirements, chosen by the UST for the release in 2011 at the request of the Dodd-Frank law, that necessary need guarantee fee increases.
UST 2011 Report to Congress:


Mel Watt was snubbed. Basel. Focus.
WATT'S 2018 PROPOSED CAPITAL RULE, REBUFFED
2020 re-proposal:
▪️Total Capital=8% of RWA
Watt's =5%+Going-Concern Buffer +DTA (=8%)
Additions:
▪️Tier1=6% RWA
▪️CET1=4.5% RWA
▪️Leverage ratios(ATA)
All Basel-framework(🇺🇸banks too)required by UST in 2011 for the release👇#Fanniegate https://t.co/YTprilk9hw pic.twitter.com/yj2GuadwJv— Conservatives against Trump (@CarlosVignote) May 16, 2024

(*)"with only $132B" refers to their Net Worth.

More conmen reply to my posts with: "I don't understand what you are trying to say".
Retr....Retrrrrrrrrrrr. Retreat? Retarded? Restriction?
A restriction on capital distribution? What does it mean?

This bullet from a recently released investment bank plan would disagree with your point here.
• In the event that the Senior Preferred Stock liquidation preference was reduced to zero (whether via write-down or equitization),
the full $125+bn of combined total equity could count as Tier 1 capital

Noticed this board was renamed “no politics” which basically …

Is a funny joke given that the outcome here post collins really only incentivizes ending the conservatorships to prevent a political opponent from using their administrative powers as conservator in such a way as to undermine the existing administration’s priorities.

Shrug. 🤷‍♀️

Every analyst report and investment banking plan i read touches on this. Also, the equity senior to commons is smashing 52 week highs today.

https://www.ft.com/content/cb19be7e-c18a-4d9d-97ad-93f3c4ade387

Why will he listen to the pleadings or requests of a Republican senator to fire FDIC head?

These capital classification measures exclude the funds provided to us by Treasury pursuant to the senior preferred stock purchase agreement, as the senior preferred stock does not qualify as core capital due to its cumulative dividend provisions.

https://www.fanniemae.com/media/51246/display

Writing down the SPS means no release within the next 4 years, for those of you hoping for that. A conversion on the other hand, makes it possible.

Senator John Kennedy called on Biden today to fire the current FDIC chairman ...

https://www.kennedy.senate.gov/public/press-releases?id=CD06EF68-4B13-45AD-B57D-F17A450CD381

If you want to see a REALLY BAD
Messageboard, check out the Yahoo boards

Attn admins:- the message board name is ugly. I think you have punched your point into everyone's head. Please change the board name back :) :)

Come closing bell this Friday :
FNMA closes at $1.83
FMCC closes at $1.68
Rome wasn't built in a day

Warriors! Of course the stock is about politics! Who do you think started all of this! The real question is: Who will end it! However, not holding my breath.

Would FDIC chair also be replaced like FHFA head if there is a change of regime?

I would assume the answer is NO. So its possibly jumping the ship using your connections before the axe falls

But to answer your question, that may not be the reason for the rise though.. Doesnt add up

That would make the board name a Tautology or Pleonasm (Fnma and bagholder goes hand-in hand together... )



The antonym for 'Oxymoron' is 'Tautology' or 'Pleonasm'. Explanation: Oxymoron is a figure of speech in which two words or phrases with opposing meaning are used intentionally for effect whereas Tautology or Pleonasm means the use of same thing twice over in different words generally considered to be a fault of style.

Was this the reason for today's across-the-board price rise? Sandra's possible exit?
Who would be a likely pick for FDIC chair in an accelerated confirmation process? One possibility is Sandra Thompson at FHFA. She has already gone through the confirmation process and also has decades of experience at FDIC: https://t.co/eCPZLvESpv— Vern McKinley (@VernMcKinley) May 20, 2024

I think renaming the board, over the weekend, by the admins.... appears to be a lucky charm... Our ascend has started

Looking forward to more FNMA PPS appreciation in the future.
I don't listen to the lying dirtbags weekly flippping opinions, whether govrats or ottthers.

FNMA

i don't think so, they do not care if another 100 die before they see a dime from their hard earned retirement.

Told you all this was a trump trade for the next 5 months

guess

maybe the crooks are finally going long??

lol

Up up and away!!

Insiders, not me, may know something?

Not a single issue red today. Anyone know what's going on?


https://finance.yahoo.com/quotes/fmcc,fnma,fmckj,fmcki,fmccm,fmcck,fmcct,fmcci,fmckk,fmccg,fmcch,fmccl,fmccn,fmcco,fmccp,fmccj,fregp,fmckp,fmccs,fmcko,fmckm,fmckn,fmckl,fnmap,fnmao,fnmfo,fnmam,fnmag,fnman,fnmal,fnmak,fnmah,fnmai,fnmaj,fnmas,fnmat,fnmfm,fnmfn/view/v1

thanks behr 1.66 close

We had to know for a while that this was coming and the board would eventually be silenced.

I'm surprised my guess of several years ago hasn't happened yet.

My guess-someone knocking on my door or a letter saying you must surrender your GSE shares in the name of national security or some other bogus reason.

They don't want us around and it shows.

LOL

I - Hub should create a FNMA Bagholders Anonymous board. Some of us could use some therapy after all of these years.

it certainly is an ugly situation all around ... often I rue the day I ever got into this mess ...

"Be patient and wait for your pitch, sluggers."

All the pitchers are deceased. All died of old age. All were waiting for conservatorship to end to throw that 3-2 pitch!

yes waiting for over a decade.

no just bird watching like your cat

LOL

You cant separate Fannie-Mae and Freddie-Mac from Politics

Not gonna happen.

These are 2 of the most Political attached stocks on the Planet. To think you can separate the two is ridiculous. Not my choice but it is what it is.

Be patient and wait for your pitch, sluggers.

only if it was true. if true, fhfa is not following the law, sec is not doing what it is supposed to be, reporters are censored and now you are even censored on ihub. fnma is #1 board in ihub and prior to fnma very few knew of ihub. but now you are censored on the same that made it popular. granted few posts are unrelated and purely political but that does not mean censorship for all. bitter truth is this investment has become 100% political as companies are making money hand and fist, paid over 300 billion and saved banking and housing in the 2008 crisis caused by banks and saved the economy during pandemic. but shareholders down $1500 to $0.40 with retirement and 529 gone and many died without seeing their hard earned money with 16 year conservatorship and every penny gone into oblivion. courtesy: politics.

premise? means nothing when there is no law, $1500 down to $0.40, many have died without seeing their hard earned retirement and 529 and rest of the shareholders struggling with sky high inflation while fannie mae and freddie mac making money hand and fist. can't wait for $5 mcdonald meal , even though for a month.

This is as true as Calabria had said that gses will exit conservatorship at the end of my term
, once supreme court set the boundaries for agencies...

yes.

Are all you social rejects excited about the price today?

All green now. Commons and jps.

yeah, no shit. it needs to be written exactly in that simplified form with references to the documents containing the supporting information - somewhat like he is doing but much more more organized and without the crazed lipstick underlines and scribbles... a video would do wonders or sequential posts so it's not accounting financial statement regulatory soup - there are uncountable ways to improve what he is putting out there - its unorganized overload even for those interested and following ... one set of clear messages posted everywhere and consistently - then let's see where the investors and speculators take us

His premise is actually quite simple. Dividends are capital distributions and as such they are restricted during conservatorship. No one has rights to dividends! The money must go into a refunding structure, in order to put the companies in sound condition. The most likely refunding structure is a similar playbook during the S&L crisis (Sandra and folks were in fact involved with it). And due to the agency's incidental powers - they can lie to the public about the mechanics of it.