Fannie Mae (QB) (FNMA) News

Because they don't even qualify for damages.
Plunder fannie mae all you want as there are no consequences for doing so.
At least touching freddie gets you a slap on the wrist.

Stocks that make up the Trump trade

Freddie Mac & Fannie Mae have long been Trump’s targets for privatization. The Two back roughly half of all mortgages in US.

‘There's gonna be a push to get Fannie & Freddie out of conservatorship.https://t.co/OLlTl0O8Ue— Cmdr Ron Luhmann (@usnavycmdr) July 22, 2024
Fannie Mae shares have risen 34% since the start of the year and more than 7% over the past month.— Cmdr Ron Luhmann (@usnavycmdr) July 22, 2024

I don’t understand why the price dropped today.

Great find. Thanks for sharing.

"Great day. Sun is shining, skies are blue."

And Fannie Mae was locked away in a deep, dark basement and will not be out to play!

Anyone have the full article? I’d be interested to see what it says. Always need to listen to the contrarian views to make sure the echo chamber isn’t overriding common sense.

Yah... that. I really wish the lawyers would get their heads out of their arse. This should be a layup for FNMA now.

What might happen under the next POTUS in the next 4 years!
Yahoo article.
Quote:
Freddie Mac and Fannie Mae
The government-sponsored mortgage enterprises Fannie Mae (FNM.SG) and Freddie Mac (FHL.SG) have long been Trump’s targets for privatization. The two companies back roughly half of all mortgages in the US.

‘There's going to be a pronounced push to get Fannie and Freddie the mortgage signs out of conservatorship. That's something that you have seen not only Donald Trump focus on, but really the entire Republican party,” BTIG's Boltansky told Yahoo Finance recently in a live interview.

Year to date, Freddie Mac is up more than 60%. Shares have risen more than 6% over the past month. Fannie Mae shares have risen 34% since the start of the year and more than 7% over the past month.

https://finance.yahoo.com/news/stocks-that-make-up-the-trump-trade-130017653.html

CBS Marketwatch: "Don’t listen to those promoting a ‘Trump trade’ on Fannie Mae, Freddie Mac stock: analyst"

https://www.marketwatch.com/story/dont-listen-to-unscrupulous-dealers-promoting-this-trump-trade-analyst-says-8a022e0d

FNMA - FMCC
Load Up on these Bad Boys before someone else grabs 'em
Strong Buy

LOL.

Shitty Day

All i meant to say is sit back, relax because everything is going to be just fine. Been a shareholder since 2009 and added to my stack whenever a good opportunity presented itself. The future has never been more bright for fannie and freddie. Never been so close to release. So indeed....it is a great day and the skies are really blue out here. So ho out, have a drink and enjoy yourself. It's coming...and the long time holders will be extatic.

Always thought there was nothing lower than a village idiot. Now I know.

You have been down in the Crapper since open. Cheer up, smile, life is good!

That is not true- fnma does not 0. They were not included in the lawsuit. Even the village idiot knows that about the GSE. People have no shame posting lies.
Fnma

Enjoy your TOS violation while it lasts.

Oh wow. Another four cents down the crapper.

Whatever clown.

Ignored. I hope everyone does the same

F.U. ignored!

I hope everyone does the same!

correct. in lamberth trial, they replied with the intention of paying nothing by saying post nws investors don't deserve anything as their auditors know none exist from pre nws. otherwise they would have put out the compensation for at least the pre nws. they offered no solution. this would never resolve it appears. just so you know this stock is trading in negative with 16 years time value of money, almost -$2100.00 . but no one can do anything. 300 billion and they keep taking.

can someone post how much did they pay for 79.9% of the company in warrants? less than $1000 for one of the largest private company? this figure needs to be publicized as it shows the injustice.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174769174

JOoa0ky Quote: “ The decision from SCOTUS was that plaintiffs were entitled to something, which is why it got punted back to Lamberth” End of Quote

This came up in discussion sometime ago I asked the Question, The lawsuit that came before the Supreme Court ‘Collin's’ is this the same lawsuit that was sent back to Lamberths court? 8-0 Jury Verdict

Barron, “ No. The 8-0 Jury was from the very first case. The Perry case. That was when Lamberth told the lawyers that they were bringing the wrong case. Lamberth was always correct. Had the Plaintiffs challenged NWS based on violating the laws on the books, they probably would have won back in 2013. But they only challenged the actions of the conservator and tried to get an ultravires ruling. That of course has gone nowhere for a decade now. Still not one case has been filed challenging the violations of charter act etc.
I think the lawyers did this on purpose. Controlled opposition maybe. But doesnt matter the Jury verdict has killed the SPSPA. Just noone realizes it.” End of Quote

Great day. Sun is shining, skies are blue.

"Did the NWS result in monetary damages granted to Shareholders? YEP."

Ask a Fannie Mae common shareholder.

LOL you took the words right out of my mouth.

"Perfect 4 months for Biden to do something, now that he doesn't care about winning a term or legacy or coming back.
By Biden I mean, whoever is driving the housing reform, they can take a bold decision"

I asked him that very question and he wanted to know if Fannie Mae and Freddie Mac were some of my family members. I believe we are in trouble!

Such A Crappy Day

"if any of you have a clear sense of releasing from 16 year conservatorship please post."

Being brutally honest as a 20 year shareholder, I do not believe anyone who is capable of bringing this saga to an end even gives a seconds thought to doing so.

Bro. The SPS, LP, repaid, or cancelled was not even addressed. There is nothing from the jury that says "those things are great, we legally bless them." The award is strictly damages as a result of the breach of good faith and fair dealing.

Of course, I'm suggesting it is in FHFA and Treasury's best interest to halt further actions that could also be deemed a breach of good faith and fair dealing with shareholders. But no, I'm not saying the jury is compelling this. This is also different than Takings. Continued breaches can yield further damages. My road through the yard is perhaps a bad example in this instance. How about toxic waste dumped in your neighborhood instead... Neighborhood gets upfront damages awarded when taken to court. If they decided to keep dumping crap in the future, then there could be additional damages. Just because they had to pay damages the first time they dumped waste, doesn't mean that your neighborhood should now expect it - and they can continue dumping. Better?

The estimated weighted-average 1.8% dividend rate on SPS applying a spread of 0.50% over the Treasury yields "as of the end of the month preceding each purchase" (0.299% spread in the bailout of the FHLBs, GAO report), is pending to be settled with the interests on the $152B owed by the UST/FHFA to FnF.
Both amounts are netted out.

You are correct on all. Like the old saying goes..."If this were a fight, they'd have stopped it."

It's been game-set-match for nearly a decade now, it's just that someone forgot to tell the plaintiffs lawyers to stop the meter from running.

Who the F is that?

Bro. The decision from SCOTUS was that plaintiffs were entitled to something, which is why it got punted back to Lamberth to decide what that something is.

Unfortunately the damages were:
- 600MM for FMCC
- Zero for FNMA
- Keep SPS intact
- Liq pref intact
- Not deemed repaid
- Not cancelled

Those are the damages.

However, what you also seem to be thinking about is a takings. That lawsuit is/was dismissed by Sweeney in the court of Federal Claims already.

S.t.f.u!

"You advocate 16 years with unlawful capital distributions and it's today when you fix it retroactively. Likely, because you are a rogue litigant that has filed frivolous lawsuits. Am I wrong?"

I'm not advocating anything. If anything, I'd want those profit dollars used to pay off the SPS as you hypothesize. The only thing I am advocating is a solution that works for everyone. I think this can be accomplished with a few pen swipes. JPS to par, Common to fair value. Taxpayers already compensated.

And no, I am not a "rogue litigant" nor do I have plans to file a lawsuit at this time. But feel free to lump me into whatever group you think is the same person using multiple aliases. Whatever makes you happy. :)

No, they can't "reclassify" something that happened in the past. It's like changing history.
"Take any action" includes misleading to the public "in the best interests of the FHFA", and "authorized by this section" because it's destined to put FnF in a sound and solvent condition (FHFA-C's Rehab power).
The dividends existed despite the restriction and they've been applied towards a different end.
It's the only way to legalize the capital distributions that were restricted, and legalize them at the time of the disbursement.
You advocate 16 years with unlawful capital distributions and it's today when you fix it retroactively. Likely, because you are a rogue litigant that has filed frivolous lawsuits. Am I wrong?
This is how the SPS were paid off in early Conservatorship, as seen in my signature image.

Finally, regarding Fairholme, I wanted to highlight that Fairholme asked about the same thing that I've just pointed out.
The very Separate Account plan: whether the dividends were applied towards the reduction of the SPS, and thus, they weren't truly dividends.
I didn't want to highlight that there are documents out there about the Separate Account plan, that no one cares about, because the key is that it's set forth in the laws and regulation. Keep those docs.

the new potential treasury secretary - as speculated by the NYPost: Larry Fink?!!!!

Great. We'll wake you back up when we get to the 60th floor restructuring conversation, if that ever happens here. Then your guidance would be prudent.

I'll just let KThomp continue to trounce your nonsense. Lamberth hasn't even decided yet.

You are not very bright

If the government decides to put a road through my yard and I take them to court, will the road get reversed or taken out? No, because that action is not illegal. However, I will get monetary damages. Did the NWS result in monetary damages granted to Shareholders? YEP.

We know its you Brad

"With a "reclassification" at the time of each dividend, you transmit the idea that the dividend can be approved, when it's unlawful. This way, the litigants and others are exonerated of the fact that they missed that a dividend is restricted."

Unlawful or not, the dividends happened. Now they could come out and say "just kidding" none of those were dividends, we didn't even classify them as dividends at the time and we were just lying to you, because we are from the government, and we can. Possible, but I just don't think that is as likely as - they were dividends at the time, and they can later reclassify them if they choose to be more compliant with the laws.

"Fairholme withdrew this motion when he was aware that he was asking for documents that would prove the existence of a Separate Account plan. Source. So much for the "hidden documents."

Unless you know what these sealed and hidden documents are, they are not evidence of your Separate Account Plan. As much as I hope you are right, I just don't see any hard evidence.

the NWS goes on today, with another capital distribution restricted: the SPS LP increased for free in the absence of dividends. The same Common Equity Sweep as before with the dividends. The only difference is that now it gets substituted for SPS in the Net Worth, so the NW grows.

I totally agree with you here - the Net Worth Swipe has not ended, it just shifted from Cash to LP. This is why after the Lamberth ruling, I expect something needs to be changed or re-written. If the cash sweep was a breach of the Shareholder agreement, then so is the LP sweep. This needs to become more visible and obvious for FHFA and Treasury to be compelled to fix it.

Whatever dude. Did the NWS get reversed and refunded? NOPE.

Typical Mush’s wrong again !

Crappy Day

Treasury may win. There may be no additional lawsuit wins. But that has nothing to do with the SCOTUS "blessing" the NWS. That is not what happened. If it had, the Lamberth jury decision would be overturned.

They just said FHFA did not exceed it's power.

Which meant blessing the NWS.

You are your twin brother are just doing a disservice to a few naive shareholders here.

There will be no windfall. There will be no big lawsuit wins. It is what it is. Treasury wins, you lose.

OH YEAH! One last hurrah to cement his legacy.

The man who freed the GSEs.