Fannie Mae (QB) (FNMAO) News

Freddie closed in the green. Delta is now the lowest ever at 5 cents. Furthermore FNMFO had volume today and a new 52 week high. And now I should get dinner ready before Gabby gets home.

Now .04, Freddie should be .10 higher than Fannie.

Delta between Fannie and Freddie now at .05.

Love those Catman posts, “study” found former GSE govrats are as useless in gov position as out of those positions.
Shaking my head at how much of a tool he continues to be.
Fnma

Freddie green

and - seriously -

what would DJT - or any alternative do to reduce the current 3.3% inflation --- that will work better then the main anti inflation tool of FED beating up the economy

note - I do not see what Biden can do either

A POTUS is seldom if ever to blame for inflation or seldom or never able to stop it

the FED with interest rate hikes (read about VOLKER levels !!!!!!!!) and the market with new intersections of supply and demand --- are the main two tools --- . I have yet - at age > 70 - to see a PRESIDENT implement STUFF that stops inflation - be it Nixon with efforts to have GOV limit prices !!! or FORD with his Whip Inflation Now cheerleading and pins.. VERY serious about the limits on a POTUS and Congress . I say that without offering or accepting the solution of a major recession which a POTUS can cause with big tax hikes across the board - which will kill inflation and the consumer at same time - bye bye job. People want 2020 inflation rate with 2024 pay increases and levels and jobs ---- sorry that option not on the table - no matter who the POTUS. Right now the FED is holding tight on interest rates hoping people stop complaining AND BUYING AND BUYING

ok
so - the people paying the lawyers are not dummies
so - they apparently chose the wrong path - and I do not blame them - they are paying

why do they not - today or tomorrow go down the path explained in your post?

Elephants call each other by name, study finds https://t.co/eRbmrBpmQK— Mark Calabria (@MarkCalabria) June 10, 2024

The upcoming Presidential election isn’t about abstract concepts, foreign wars, indiscernible immigration policies or high minded morality. It’s about #inflation. To paraphrase @JamesCarville, “It’s the (housing) economy, stupid”. @JoeBiden @BidenHQ— joshua rosner (@JoshRosner) June 10, 2024

"this is interesting and shows the senate majority wants to keep taking all profits away. more proof."

Senate matters, unfortunately, have to go through that POS Schumer. I doubt I need to say much more.

That’s great

And I understand that Daffy Duck will be co executive speaker

From Shirl to Barbarella

Yeah and the Libor Settlement

Help. My stock has fallen and it can’t get up.

IN CASE YOU DIDN’T KNOW: This fall, actress Jane Fonda will be speaking
at the annual convention of the Mortgage Bankers Association.

it appears rodney has contacted the plaintiff lawyers on it with deaf ears. wonder why they do not see this compelling enough? may be ackman can file one if sent to him.

they are delaying and know that unanimous jury verdict will hold. wonder the purpose of delaying? preparing for release?

this is interesting and shows the senate majority wants to keep taking all profits away. more proof.

why do you feel something is cooking? you have been here a long time but if i remember you sold out?

Oh no. I cannot remember what green looks like anymore.

The FHEFSSA of 1992 was created exclusively to govern the Capital Adequacy in the enterprises, at the request of GAO one year earlier.
HERA just amended some aspects of the FHEFSSA and thus, there aren't two laws in FnF. It's always the FHEFSSA as amended by HERA.
Others weren't changed. For instance, the Capital Classifications are still in force. Suspended by the FHFA while they remain in Conservatorship. The prior MANDATORY release Undercapitalized (Tier1 Capital >2.5 % of ATA. Source) was struck by HERA. So, now, no one cares about Capital Classifications. Later, it's back on. This will allow the FHFA to expel the unwanted AT1 Capital holders (JPS) after building a hell of a lot of capital, with CET1 >2.5 % of ATA to that end (just like the FHFA with the FHLB in a 2016 Final Rule. Source), thinking of the 2011 UST Privatized Housing Finance System revamp, chosen for the release from Conservatorship, at the request of the Dodd-Frank law.

Also the Critical Capital level. This is why the FHFA violated the law in the ERCF, because is missing.
The FHFA was created:
To ensure that,
FnF... including maintenance of adequate capital and internal controls (FHFA-R Director's duty)
So, an overseer. What it regulates is the Capital Adequacy (thanks to HERA, it was given more control. Basel framework incorporated. Before, it was only in control of the Risk-based capital requirement) that later it has to oversee. Not a broad regulator, primarily because FnF are already regulated by the Charter Act: activities, restrictions and privileges.
Multiple breaches across the board: some CRT operations aren't included in the Credit Enhancement clause of the Charter Act, etc.

Is the otc trading after hours wasn’t that supposed to be a new thing?

We need to turn green. We need help. We need The TightCoil.

You're annoying

UPMOST IMPORTANT

SPSPA which is a contract. 4617f bars courts from questioning the actions of a conservator.

THE PLAINTIFFS BROUGHT THE WRONG LAWSUIT.

We hold that the stockholders’ statutory claims are barred by the Recovery Act’s strict limitation on judicial review. See 12 U.S.C. § 4617(f).

Millett and Ginsburg summarized the case and their 70-page opinion as follows:

Quote: “A number of Fannie Mae and Freddie Mac stockholders filed suit alleging that FHFA’s and Treasury’s alteration of the dividend formula through the Third Amendment exceeded their statutory authority under the Recovery Act, and constituted arbitrary and capricious agency action in violation of the Administrative Procedure Act, 5 U.S.C. § 706(2)(A). They also claimed that FHFA, Treasury, and the Companies committed various common-law torts and breaches of contract by restructuring the dividend formula.
We hold that the stockholders’ statutory claims are barred by the Recovery Act’s strict limitation on judicial review. See 12 U.S.C. § 4617(f). We also reject most of the stockholders’ common-law claims. Insofar as we have subject matter jurisdiction over the stockholders’ common-law claims against Treasury, and Congress has waived the agency’s immunity from suit, those claims, too, are barred by the Recovery Act’s limitation on judicial review. Id. As for the claims against FHFA and the Companies, some are barred because FHFA succeeded to all rights, powers, and privileges of the stockholders under the Recovery Act, id. § 4617(b)(2)(A); others fail to state a claim upon which relief can be granted. The remaining claims, which are contract-based claims regarding liquidation preferences and dividend rights, are remanded to the district court for further proceedings.“ End of Quote

Link: https://www.washingtonpost.com/news/volokh-conspiracy/wp/2017/02/21/d-c-circuit-concludes-recovery-act-bars-judicial-review-of-suits-against-fhfa-over-treatment-of-fannie-and-freddie-shareholders/

You ask, “ So why have courts been so sour on everything ---- seriously?”

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

I hear you

So why have courts been so sour on everything ---- seriously?

Calling all whales STAT.

the dollar losing its command in the market has been forecast 10 times in the last 10 years

yes we have inflation

but our GDP growth rate and the insane job growth etc. keep us #1

"they" will try and get "their favored" currency king but IF we have faith in the reality of our economy's strength and stop listening to all the trashing of our economy bull ---- we will be THE CURRENCY

China is slowing down fast and has 80MM open units of housing from their central planning push

Best I understand of the major developed nations we have the fastest recovery from COVID - the strongest - and it continues to now (and yes it brought inflation when demand jumped before supply could catch up but it is now 3.3% v 9% last year -- all reduced by FED raising rates)

People - understandably are greedy and have short memories
People want 2020 prices and 2024 wages and jobs ------------ impossible other then to fool oneself

How we doing Team ?

#FACTS!

Charter Act, and the Federal Housing Enterprises Financial Safety and Soundness act of 1992 (FHEFSSA); Both as amended by the HOUSING AND ECONOMIC RECOVERY ACT OF 2008, (HERA). The Charter Acts are Fannie Mae and Freddie Mac's enabling statutes. FHEFSSA and HERA are regulatory statutes, governing the companies' regulators. All are laws passed by Congress.

Crappy day.

Jason Chaffetz bill passed 425-0, open records of Fannie and Freddie, and the Senate did not respond. What is wrong with the US? https://t.co/jfr0FsSV6G— Robert (@robjunier) June 9, 2024

Something is cooking with FNF. The price has been steadily moving up. I dont know what it is but it is gonna be great. The end is around the corner. To me, this play will deliver soon enough like a boat whistling down a river. Hopefully, recap and release soon.

Boooom ! - GSE Shareholders Reply to Govt Motion https://t.co/bkTSLwBxbo pic.twitter.com/r9PUEvAlZW— Cmdr Ron Luhmann (@usnavycmdr) June 10, 2024

Thanks. All those letters are intimidating. lol. I believe fnf investors will see money in the end. I am betting on the GSE's will be released.

The Federal Housing Enterprises Financial Safety and Soundness Act of 1992 …

Jesus, what is the FHEFSSA?

No way. There are already projects where a token is backed by land/land developments. Bitcoin is allowed to be an ETF and soon Etherium to follow. I do not believe the Gov will allow major transactions to by in crypto or allow any major asset class to be NFTs. The dollar will not even be digital anytime soon. If there is going to be any legal digital currency in the US, it will be the dollar for the forseeable future. Tokenizing the GSEs are a gamble and too risky for it to happen. Maybe if there is a free market collapse.

Tokenize the mortgage industry? You want the USs most stable market backed by the most unstable form of money exchange ever created and only built on speculation?

Another genius idea thanks….

Roger that 10-4 over and out. Any Smokies on our tails ?

Ground control to Major Tom
We have lift-off

Good luck

And my advice (once an advisor for retirement) --- make sure you are speculating with money you can afford to lose -- and set a limit on how much you will put on the table - as it gets tempting every time they go down

Good Luck

Especially with FNMA of course

feds can look at it

but no one made people buy a company on the edge of bankruptcy --- and for prices above say 2 or whatever

it is a free market

but yes - if there was manipulation then ... my sense is - it is a game and greed

Premarket $1.64.

Oh yes it would be nice if Fannie was sitting at 25 prerelease.

For the same reason that there are no excuses to see that the SPS LP increased for free is a capital distribution restricted and thus, necessarily the Common Equity being swept to the Treasury as a result (offset attached to the gifted SPS), is held in escrow (exception to the Restriction on Capital Distributions: for the Recapitalization. The supplemental July 20, 2011, CFR 1237.12), regardless of being concealed with Financial Statement fraud (Changes in Equity absent from the Balance Sheets), because you just need one eye to spot it (Besides $0 EPS every quarter), there are no excuses to see that the same occurred with the dividend payments, U. S. Code 4614(e), for the payment of principal the obligations. (SPS, obligations in respect of Capital Stock).
Let alone that dividends are distributions of Earnings (Changes in Equity too) and thus, there haven't been funds available for distribution all along, out of Accumulated Deficit Retained Earnings accounts.

A Separate Account was carried out by the FHFA in 1989, with the FHLBanks, *to secure the payment of principal of the obligations" (Statutory provision).
Those playing the fool will be penalized twice as much.
LEGALIZED: NO EXCUSES
Deliberately,another capital distribution restricted was chosen. It's applied twds the exceptions.
The Inc.Power allows FHFA-C to "take any action" in the best interests of FHFA, while fulfilling its mandate.
The same w/ the divs.
1989 FHLB-style.#Fanniegate https://t.co/7g5suhgxC7 pic.twitter.com/sAU5hmAYAp— Conservatives against Trump (@CarlosVignote) June 10, 2024

Seems like he made a lot of people RICH also........and you can't blame him for people not knowing how to trade.......

Z

Upward trend is still in place and should break through $1.70 this week looking to $1.80!