Federal National Mortgage Association (PK) (FNMFO) Quote

My Artintel came up with $1.19.5

Oh wow closing price $1.19 today. Ready the rocket thrusters.

FNMA/FMCC
Load Up and Suit Up
And don't look back!
Oherwise, Stand back away from the Launch Pad

Overcapitalized with $333B SPS LP outstanding. Hello?

The next stop is over 2 bucks!! That's a good start!!

Interesting how Black Rock owns shares under other companies. Thank for the good info.

$Boooom ! Fannie Freddie slice of $LENDING also $INCREASED



The FHA share of originations expanded from a year ago, while the slice of Fannie and Freddie lending also increased, but at a slower pace, @Transunion found. #subprime #mortgage #originations

By @Spencer_NYC https://t.co/SiAHCB2wf5— National Mortgage News (@NatMortgageNews) August 9, 2024

Calling all whales.

Oh wow. New HOD on deck.

Attached shows that UK sub of Blackrock holds 11.1 million shares of FNMA
https://www.cnbc.com/quotes/FNMA?tab=ownership

American Funds holds 10 million FMCC. This is more interesting to me as they were the biggest holders of FNMA & FMCC prior to SCOTUS decision on Collins. Their divestment was the biggest cause for the collapse of the share price.
https://www.cnbc.com/quotes/FMCC?tab=ownership

And a very special firm. Unknown to mainstream retail but if you look at it - born in the 1931 depression era and 13 portfolio managers working on their flagship fund decided to put $FNMA in ;) - no $FMCC and a few of the Fannie PFD (not much) it's for large cap high ROI pot.— Stankonia Capital (@StankoniaCap) August 9, 2024

The most recent GSE stress test: now that's an oxymoron, can't wait to look at more FHFA govrat number salad.

The real stress has been felt by GSE shareholders, it's "only" been since 2008 that shareholders expect release from rubber chicken eating luncheon policy makers.

16 years and counting, when the f will this clusterf ever end.

If that financial stress wasn't enough, let me not get going on the Porky Pig drag my lard azz show going on judicially...

8-0 jury verdict, Chevron win, and still no answer from the huntin for wabbit clown. Nothing left honorable going on there.

FNMA

1 a day

Please repost:
Stress Tests today: Another day of @fanniemae and @freddiemac saying they are essentially overcapitalized and the @FHFA looking at them along with @ustreasury and refusing to end the conservatorship under which obama stole money to fund obamacare $FNMA #FANNIEGATE— Fanniegate Hero (@DoNotLose) August 9, 2024

Agreed. It’s all just noise, and distractions. Mostly from KTCarneyCircusClown squad with years of fantasies and facts out of context.

Who cares about stress test we know their above the cap requirement thresholds…. Time for release no more excuses 15 yrs is enough

David Byrne had it nailed... Road to Nowhere.

The two falsehoods from Bill Ackman appear in the Pershing Square Holdings, Ltd. 2022 Annual Report.


The first one is the one that I post regularly on this board, because it appears also in the GSE slides.
They continue to build capital through retained earnings.
This is false, as we see in this image with Freddie Mac. It's concealed by the enterprises, when the SPS LP increased for free and its offset, are missing on the CONSOLIDATED Balance Sheets.
The adjusted table shows that the Retained Earnings account just built, is wiped out (Held in escrow, as per the exception to the Restriction on Capital Distributions, CFR1237.12, in order to legalize the capital distribution restricted).


The other was commented in my prior post,
"approaching a fortress-level of capital"
Calling the Net Worth "capital", which comes from the "Capital Reserve" in the SPSPA, that was first necessary to know the "Capital Deficiency" (negative Net Worth) to tap the UST for funds (1:1 SPS) so that it's $0 NW as a result, but later it deviated to "Applicable Capital Reserve", a minimum Net Worth, the rest swept to UST (NWS dividend). Then, it was cut short for "Capital Reserve".
It sounded like this:
Applicable Capital Reserve, UP. ($3B)
Applicable Capital Reserve, DOWN ($600 million per year. 3rd PA amendment).
Turn around, Applicable Capital Reserve, UP. Big jump to $3B (December 2017. Watt), but $3B SPS LP increased for free.
A big jump backwards due to the $3B offset.
Applicable Capital Reserve ticks UP. (Sept 2019 PA amendment)
Here comes the offset for the SPS LP increased for free, one step backwards.
Then, Applicable Capital Reserve, two steps forward (Jan 2021 PA amendment).
Each time, there is the same offset, two steps backwards.
Aaaaah, Macarena!!!! 🎶

Soon? You bet! LOL!

Will somebody post the screenshots that support the belief that "Blackrock" or one of it's funds have bought or holds 10 or 11 million shares of the twins

I'm so in tune with the market right now!! Going to pay off Big Time soon!!

New Holdings;

Blackrock Investments
10 million Freddie Mac $FMCC
11 million Fannie Mae $FNMA— Nico (@nicosintichakis) August 9, 2024

Today FHFA will probably release results from the most recent stress test.

Getting the energy up to Pop!!

Oh wow. I agree. Hey wait a minute. I think you might be talking about me.

I just emerged from The Sphere to gain insight - It's easy to get into'
The Sphere but incredibly hard to get out - but that's one reason that
these insights are amazingly accurate - The insight I got today is this:
Let those who complain about pps going down all the time, etc.
BAIL IMMEDIATELY - so we can get some bigger guns in who won't
be shivelin' and whinin' all the time - Message from The Sphere

The Critical Capital level is missing in the ERCF.
The Enterprise Regulatory Capital Framework posted by FnF every quarter, was commented last Sunday in the post that I'm replying to.

It's the reason why the Mnuchin's Treasury Department recommended Congress to repeal these statutory definitions of capital that bother them, because they include which capital metric has to meet each capital requirement (The Core Capital for the Minimum Capital Leverage requirement and for the Critical Capital level, etc.), so they make up their own "capital framework", like meeting the capital requirements with the Net Worth, renamed Capital Reserve (SPSPA).

Internal emails would say this: "Now, they are met with Net Worth, so I force them to give me SPS LP for each dollar of Comprehensive Income they gain in the quarter. Beat that!"


What about the Critical Capital level? They are 3, not 2 capital requirements. It's missing in the ERCF tables.


As of June 30, 2024, FnF have a whopping adjusted $218B core capital shortfall over Critical Capital level combined.

FHFA doesn't have authority to repeal it. It just declared it "irrelevant" in 2008, arguing that it's the threshold that triggers a Conservatorship during a Conservatorship. It doesn't mean that you don't have to post it anymore.


Irrelevant? It depends on whom you ask. It's necessary to measure the financial condition as seen on their Balance Sheets (financial rehabilitation): Put FnF in a sound and solvent condition (statutory mission of the conservator).
Not meeting a threshold called "critical" bothers them for the slogan "FnF have been rehabilitated" by the FNMA CEO, or "FnF are approaching a fortress-level of capital" by Bill Ackman, because he is one of those peddling the "capital reserve" (Net Worth) as a valid capital metric in FnF or in any other financial company.

This isn't Chevron deference. We are talking about outright violations of statutory provisions, unless the Separate Account is unveiled, carried out in the best interests of the FHFA (FHFA-C's Incidental Power): "Zing!".

I'll sell you my shares for 50% of that right now!!!

I just emerged from The Sphere to gain insight - It's easy to get into'
The Sphere but incredibly hard to get out - but that's one reason that
these insights are amazingly accurate - The insight I got today is this:
Let those who complain about pps going down all the time, etc.
BAIL IMMEDIATELY - so we can get some bigger guns in who won't
be shivelin' and whinin' all the time - Message from The Sphere

Oh wow. Another penny down the crapper.

Why would anyone buy when Middle East war is certain?

WS is shorting it and poor retail investors are buying it.

Oh wow. Stuck at $1.10 like a mouse stuck on a sticky pad.

My favorite underdog stock!! Building up my position!!

FNMA/FMCC
Not really doin' that bad today - volume is good
Hang on for a big one
Somethin's Comin'
I don't know - what is it - but it is - Gonna be Big

You won’t see that SP if
the stockholders don’t get a win in Nov.

Breaking news

S&P 500 heads for best gain in a year as market attempts rebound from Monday’s rout: Live updates on deck

Fannie and Freddie heads for worst gain in a year as market attempts rebound from Monday’s rout: Dead updates on deck

Oh wow. $124 on deck.

Give me an F
Give me an N
Give me an M
Give me an A

I rarely post here but I enjoy seeing everyone's comments/updates. They should keep on posting because I read this board daily!

It’s Sherwin not Sherman LOL.

Krabby day.

better to fill the gap early then rely on Sherman's march at the end of the day. more realistic when it follows conventional patterns when there is no news, just manipulation. FYI 1.12 is a joke, but its where we are.

Waiting for 40K@$1.01 to be filled during firework at Middle East

That much better !!

A: Because they're not.

Good bye gains from this morning. It was nice to meet you.

Oh wow. I am expecting a massive jump today. At the Paris Olympics that is.

Calling all whales.

You're right. I stand corrected.

OTC stocks are not mandated to be reported in 13F.. So nobody knows the latest list of sellers and buyers and any info on any website it atleast a decade old... FOlks may have doubled their position or sold and moved on.. Unless they themselves mention it , like Pershing square etc, its just a guess and black box for many billionaire investors who are secretly collecting or selling..

If all these institutions are buying millions of commons then why is the price dropping ?