Federal National Mortgage Association (PK) (FNMFM) Quote

I lived in Delaware and worked in Philly for 22 years, I can assure you that the Union boys Absolutely Do vote in multiple locations.

There's a different Township like every 1/3 to 1/2 mile. Besides the Union itself pays the member's wage if they assist in "Getting Out the Vote"
as they say. I know! I often would lose 3-4-5 people on election day.
They rent multiple transport vans 12-15 seats and go to every nursing home, senior center, and homeless encampment.
They have refreshments and food onboard.

The only requirement is to have (give up) a valid voting ballot, No need even to leave the warmth and comfort of the heated Van.

I'll just wait for you to explain why not one D voted for the SAVE Act. If "undocumented" don't somehow vote, then voting yay on this bill is a moot point. Do they know something we don't?

That's how you deal w/ loss; blame it on a corrupt system even though there is zero proof of that you just have to take the word of a habitual liar that has no morals... I think the last election the vast majority of voter fraud was from republican voters if i'm not mistaken...

This version of the GOP deserves what it's about to get in Nov and going forward after that... Mark Robinson is a perfect representative of what it has become...

Turn the page !!!! All together now, Turn the page !

Can you feel the joy?

"It's the MM's manipulating the price!!" LOFL

translation. My candidate is going to lose but then claim fraud because he can't deal with it. What is your theory for who out there is going to commit felony voter fraud. As illegal alien casting that one extra vote risking all the effort they made to get here? Anyone thinking of casting a second ballot risking getting caught. Happening to not have enough ballots in predominantly democratic districts in George and not enough machines causing long lines. Trying to put a vote in a machine 2x which will immediately be spit out? Also, If last election was stolen what other races were stolen? Surely with all those candidates and ballots Trump wasn't the only one to lose by fraud.

I will vote but I'll never be convinced about how many votes like mine get nullified by way lack of voter integrity measures. Sad times.

Just finished off a Skyline chili cheese dog with onion and mustard at 8:20 am😃 GLTA!!

Could I grab Waffles instead?
GLTU
;)

Once $1.35s hit we breakout upwards back towards $2

GLTA

FNMA
Yahoo is showing FNMA closed $1.24 (-.01)
But Schwab shows $1.24 (-.04)
Must mean something good

Banksters own all govt and now housing with rentals

Pottersville thanks to tbtf banksters

Need a huge change to fix this mess

FNMA
Today's 4 cents to the RED, might have caught HawkEye Buffett's Attention.
Don;t Risk It - Grab some of these HotCakes while the Grabin' s Good

Thanks Guido, keep up the good work. These politicians speak out of both sides of their mouth.

Who is holding up Mr. Scott?
Who is holding up Judge Lamberth?

Sandra uses it to fill her swimming pool and then swims through it.

In reading your post I just figured out where the FHFA playbook comes from - Student Loans. You can pay on those for 20 years and still owe more than the day you started paying.

In America, @FannieMae & @FreddieMac were forced by @FHFA to take $187 billion loan from @USTreasury to buy bad loans made by TBTF banks. They paid back $301 billion but the crooks claim the money is still owed. @SenatorTimScott refuses to advance @AndyOgles bill HR 5549! https://t.co/87RCVBuIgL— Guido da Costa Pereira (@GuidoPerei) September 19, 2024

I did a Google search for "Countries that
cat eating is legal," or something like that, and it said:
Vietnam
China, and
Australia

bill to expand federal oversight , this bill automatically will keep Chevron deference away from federal oversight in housing market.

Would that be cats as pets of single childless women or cats being BBQ'd by Haitians? lol.

FNMA/FMCC
Tomorrow gaining support due to Fannie and Freddie pulling off their lows like cats on hot tin roofs....Tomorrow Fannie Up 8 cents - Load Up like crazed sardine packers - Freddie Up 6 - Give or take 2 cents either way

Fewer trades. Nothing more. Nothing less.

down on small volume, what does that mean

Fire Yellen - Fire Sandra Thompson
Fire Biden - Fire Harris - Fire Trump
Fire Obama - Fire Bush - Fire a Great Many Others who have Cheated Us Thousands of Fannie and Freddie Shareholders, Ruined Lives, Caused Untold Financial Insecurities - End The Conservatorship - Make Reparations to Shareholders NOW - ReList Us on The Big Board - NOW

vote them out. if you are in battleground state, do it. go for the candidate you think will resolve it. you have more power than you think. spread the word, one person by person. this is your chance to teach a lesson to the fraudsters. every vote counts in the battleground states. it is not that hard and who knows you may be surprised on nov 5th. tell the story to voters how they have bilked over 350 billion from poor mom and pop who saved for their childrens education and retirement , it has been 16 years and they want to continue looting and freddie mac cfo has even committed suicide over this. tell a story. this would be far sronger than their ground operation where they are waking you up early morning and pissing you off.

After reading the last post it hits home hard to understand the FHFA gave away the company. GAVE IT AWAY!

The SCOTUS said it best...

JUSTICE BREYER Quote: “Thank you. I think in reading this you could, with trying to simplify as much as possible, do you -- the shareholders' claim as saying we bought into this corporation, it was supposed to be private as well as having a public side, and then the government nationalized it. That's what they did. If you look at their giving the net worth to Treasury, it's nationalizing the company. Now, whatever conservators do and receivers do, they don't nationalize companies. And when they nationalized this company, naturally they paid us nothing and our shares became worthless. And so what do you say?”

jog49, the Treasury did not pay any amount of money. The company recorded the Senior Preferred Stock was issued for free. The company gave the Treasury one million shares of Senior Preferred Shares for $1,000 per share or $1 billion dollars. In addition, gave to the Treasury 79.9% of warrants.

Quote: “We did not receive any cash proceeds from Treasury at the time the senior preferred stock or the warrant was issued.” End of Quote
page 25 Form 10K December 31, 2008

link: https://www.sec.gov/Archives/edgar/data/310522/000095013309000487/w72716e10vk.htm#304;

Senior preferred 1,000
Page 143

Link: https://www.sec.gov/Archives/edgar/data/310522/000095013309000487/w72716e10vk.htm#127;

On September 7, 2008, we, through FHFA, in its capacity as conservator, and Treasury entered into a senior preferred stock purchase agreement, which was subsequently amended and restated on September 26, 2008. We refer to this agreement as the “senior preferred stock purchase agreement.” Pursuant to the agreement, we agreed to issue to Treasury (1) one million shares of Variable Liquidation Preference Senior Preferred Stock, Series 2008-2, which we refer to as the “senior preferred stock,” with an initial liquidation preference equal to $1,000 per share (for an aggregate liquidation preference of $1.0 billion), and (2) a warrant to purchase, for a nominal price, shares of common stock equal to 79.9% of the total number of shares of our common stock outstanding on a fully diluted basis at the time the warrant is exercised, which we refer to as the “warrant.” The terms of the senior preferred stock and warrant are summarized in separate sections below. We did not receive any cash proceeds from Treasury at the time the senior preferred stock or the warrant was issued.

I reckon today is just a bend over and take it in the ass day. Nothing more than just that.

LOL. They can't even pass a bill to keep the lights on.

That bill is a giant nothingburger going nowhere in a divided Congress, 2 months out before a Presidential election.

Yeah I guess Fanny didn't get the memo ? the markets up over 500 points and they cut the rates...

YES
but only if you disregard FASB methods which still hold > 200B of negative capital

The new version of the small GOV party

No new ideas

How about helping fund 3MM new homes and freeing F and F

Green everywhere...except one place. Whoda thunk it.

143 billion dollars combined .

That's better volume than we've seen for a while. At least there is some interest.

August 2012 when the announcement of the 100% Net worth Sweep implemented by SecTres Geithner under the direction of Barack Obama. That is nationalization.

If #1 happens and they are subsequently released, I don't see myself spending much time on this board anymore. :) But sure, happy to debate it if I'm around.

I guess from this story one could imply Paulson doesn't think the GSEs get released if Trump loses otherwise he would invest in them - https://www.yahoo.com/finance/news/trump-supporting-hedge-fund-billionaire-002332457.html

SPIRIT "YEA"
Like the 12 Dreams of Dr. Sardonicus

An incredible heap of cash? why? Do they really need 90 Billion, just in case?

Around 90 billion dollars for FNMA

"Quote: “Fannie Mae and Freddie Mac have been in federal conservatorship since September 2008. CBO treats the two GSEs as government entities in its budget estimates because, under the terms of the conservatorships, the federal government retains operational control and effective ownership of Fannie Mae and Freddie Mac."

I might be dumber than a box of rocks but my reading comprehension is quite good. For all intents and purposes, the government is driving this bus and they only paid, what was it, $74,000, for it?

"Yeah. GSEs passed all stress tests and got Nationalized. Other banks failed the same stress tests yet were given loans with 2% interest and let keep going while their bad loans were forced on the GSEs."

So what two-bit lawyer or law firm has seized on those facts and filed new lawsuits against the government for unfair dealing?
I believe the answer would be nobody or none. Apparently, getting screwed by the government is not actionable because it sure as hell is easy to prove.

Thanks Guido - if the question is Net Worth - it is approximately $ 140 bn (FNMA $86.5 FMCC $ 53 bn) as of 6/30/24. Prob at least $ 150 bn at end of 2024 and at least $ 200 bn at the end of 2027 when a recap could be possible. Bottom line is that any stock offering would be $ 100 bn or less for a market value of approx $ 300 bn. If JPS is converted the stock offering would be less than $ 65 bn to reach $ 300 bn. Most likely GSE Net worth at the end of 2027 will be closer to $ 220 bn and with a JPS conversion of $ 35 bn - new equity would be less than $ 50 bn.

See the CBO GSE restructuring Paper and you can see that the GSEs are running $ 20 bn more in Net Worth. This Paper assumes JPS are paid at PAR and the warrants have value. SPS get partially written down.

Here is the CBO GSE Paper link:

https://www.cbo.gov/publication/56511

See Table 3 which assumed a 2025 stock offering

Of course KM could find a way to rip off everyone.

Around 90 billion dollars for FNMA

"Hasn't the government already breached ALL faith by Nationalizing these companies?"

Absolutely, with or without argument!

I’ve asked this before but wasn’t able to find a solid answer. Do we know what their $140b in cash is doing? Do they buy treasuries? Are they earning interest on that sum somehow?

See attached link for cash on hand 6/30/2024:

https://finance.yahoo.com/quote/FNMA/balance-sheet/

Click on the Down Arrow for Total Assets. $106 billion.

FnF combined have 139.5B of retained capital.