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Fannie Mae (QB)

Fannie Mae (QB) (FNMAG)

17.10
0.42
(2.52%)
Closed December 06 4:00PM

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Bostonsesco Bostonsesco 18 minutes ago
Times 3 its 2024 not 2007
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Bostonsesco Bostonsesco 21 minutes ago
My Hood Economics agrees with pat...


Simple math 

Everything triples in 10 years 
Upon going into conservatorship they were valued around 

$75 bucks X 3 = $225 
This Been going on 15 years 
So $225 (10 yr) + $112.50 (5 yr) = $337.50 

Which lines me up squarely between 

Pats Real analytics   
$290 

Esco's imaginary stock empire as if he was some street corner general running a criminal enterprise like it's GTA 5, the streets is calling I heard it when I was sleep! Let me live (No Cap)

$340
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ron_66271 ron_66271 36 minutes ago
4364, 4362; “Federal National Mortgage Association, The Federal Deposit Insurance Corporation as Receiver,”

FMCC is also in the filings.
RESOLUTION.



Ron
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TightCoil TightCoil 50 minutes ago
FNMA - All The Way
I just finished my Tightcoil TA Forecast for FNMA:
40 - 60 cents to the Green by next Friday's close
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EternalPatience EternalPatience 1 hour ago
After years of guaranteeing restructure, liquidation, sr. Preferred, warrants, JPS conversion, reverse split and parroting it for years, I would have loved to see his face when he possibly said, may be I was wrong on those 2 things

More to come on the rest as well... 
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pauljon4 pauljon4 2 hours ago
$10 , cash
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pauljon4 pauljon4 2 hours ago
Haha. You would not have loved that.
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EternalPatience EternalPatience 2 hours ago
Could you please elaborate on How foolish you felt when you typed those 3 letters ?  LOL..   Would have loved to see your face  
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Viking61 Viking61 2 hours ago
Sounds great to me either way! Good luck all🚀
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Clark6290 Clark6290 2 hours ago
Fantasy my Amigo, laughable at best
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RickNagra RickNagra 2 hours ago
Oh wow. $90 on deck.

Which Price May Be Right ?

Subnani Investment Research, LLC believes the price of Fannie Mae’s common shares should be higher than its all-time high of $89.38 considering the current earnings are 3.5x higher than when Fannie’s shares were trading at its peak. This represents an undervaluation of approximately 36x of the current market price. The firm believes the significant mispricing is a result of a market inefficiency. In economic theory, an inefficient market is one in which an asset’s prices do not accurately reflect its true value. “Market inefficiencies exist due to information asymmetries, transaction costs, market psychology, and human emotion, among other reasons. As a result of market inefficiencies, assets may be over- or undervalued in the market, creating opportunities for excess profits.”

Technical analysis is a method used in financial charting to determine trends of a stock. If market inefficiencies exist, technical analysis holds merit. The 200-day simple moving average is a key indicator that may provide potential entry and exit points or identify the direction of an overall trend. Fannie Mae’s price closed below the simple moving average in November 2007 at $38.42 during the real estate meltdown. This indicated a major bearish signal. However, in November, Fannie Mae closed at $3.13, significantly above the 200-day simple moving average of $1.86. The firm believes the close above the 200-day simple moving average is a bullish signal and an indication of a major reversal of the overall trend.

Below is a monthly chart of Fannie Mae dating from 1985 to present scaled linearly and scaled logarithmically. Stock prices do not move proportionately day-to-day. Scaling the price data similarly to how the earnings were above yields a strikingly different appearance. While $90 may seem unattainably distant when scaled linearly, the logarithmic chart appears to shorten that distance.

Stock prices tend to experience exponential changes therefore the firm believes the distance between the current market price of $2.49 and $90 could be recovered quicker than anticipated. The firm maintains its STRONG BUY rating and has a $90 price target upon Fannie and Freddie’s release from conservatorship.
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Rodney5 Rodney5 2 hours ago
That’s an idea, Kthomp19 if a district court overturned the C-Ship you make tons more money. Ackman shorted the housing market and afterwards joined in. You could change teams as you said it’s what you can prove in court. You seem to be one up for a challenge, if it worked your name would go down in history. You recommend the 5th district. How about it?

The issues needed to understand now are the tough sneaky lawyer stuff. What is illegal exaction? What does sounding in tort mean? Can a derivative claim be heard under the little tucker act? Goal is to understand the actual limitations that can trip up any claim and head it off so that the claim can’t be dismissed on procedural grounds.
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pauljon4 pauljon4 3 hours ago
biden can't even spell GSE, let alone not completely F it all up.
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bradford86 bradford86 3 hours ago
warrants for sure will
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IronMan123 IronMan123 3 hours ago
I have been wondering WHY Biden has not gone ahead and released. He is doing all he can to screw Trump before he takes over on the 20th. That would be one more way to screw things up for him. Biden is leaving money on the table for Trump.
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blownaccount9 blownaccount9 3 hours ago
Nothing. Literally nothing.
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MRJ25 MRJ25 3 hours ago
Warrants cannot be exercised but can be sold back to the companies for a negotiated price.
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tm3141 tm3141 4 hours ago
w are those documents for?
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Kimbrown Kimbrown 4 hours ago
FnF relist price should be $25-35 considering Warrants execution and Preferred conversion to Commons
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Kimbrown Kimbrown 4 hours ago
FnF relist price should be $25-35 considering Warrants execution and Preferred conversion to Commons
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ron_66271 ron_66271 5 hours ago
23 New LIBOR Documents Filed Today.

https://www.docketbird.com/court-cases/In-re-Libor-Based-Financial-Instruments-Antitrust-Litigation/nysd-1:2011-md-02262



Ron
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TightCoil TightCoil 5 hours ago
Truth is:
Some people want Fannie and Freddie Commons very bad - Makes me wonder if HawkEye Buffett has some straw men buyers fillin' his Lion"s Den.
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krab krab 5 hours ago
Interesting, after exit from GOVT control, General Motors Company (GM) went public Nov 2010 @ $34 with 1.1B float shares
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Patswil Patswil 5 hours ago
I provide a data based formula which justifies a PPS of $325


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Barron4664 Barron4664 5 hours ago
Not an all-talk do-nothing hypocrite!!!! Please don't expose me. For the love of all things good. No. Please not that Mr. Kthomp19. I promise I will be a good poster and do as you command. But in all seriousness, I would love for you to join me and help me with a lawsuit. Why not? Unless you have a vested interest and prefer to see the gov cramdown and dilution of us poor retail investors. 
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Viking61 Viking61 5 hours ago
Pat, you say that it should be anywhere from $350 to $1,500 ps. And now you’re getting on somebody that says $90? What’s up? Is it to low?
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Patswil Patswil 5 hours ago
I disagree.  It's worthless
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stink stack stink stack 6 hours ago
Shhh, don't talk about this Golden Goose to much y'all could jinx us.
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RickNagra RickNagra 6 hours ago
It's better than nothing.  Beggars cannot be choosers.  Maybe other write ups will follow suit.
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MRJ25 MRJ25 6 hours ago
To me the Treasury/FHFA have until 1/20/25 to make something happen.
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TightCoil TightCoil 6 hours ago
Well, it won't happen overnight,
might take 2or 3 weeks
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Patswil Patswil 6 hours ago
IMHO this guy is a nobody from nowhere.  It carries no weight.   Not like it's Wells Fargo, or B od A , or GS
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Guido2 Guido2 6 hours ago
https://x.com/GuidoPerei/status/1865156937962393949
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Rodney5 Rodney5 7 hours ago
Toxic or not Fannie and Freddie were the engine used to bailout the banks.

Fannie and Freddie did not meet any of the 12 requirements passed by the newly passed HERA legislation justifying conservatorship.

Rodney5
Re: Robert from yahoo bd post# 761720
Tuesday, 08/08/2023 7:23:46 AM
Paulson said it best himself, when he told the Financial Crisis Inquiry Commission, “[Fannie and Freddie], more than anyone, were the engine we needed to get through the problem.” Treasury needed Fannie and Freddie to help keep the financial system afloat, and it simply took them, under pretense of a rescue. (nationalized)

The Federal Reserve’s program purchased MBS issued by the GSEs. Putting aside toxic or not the Treasury / Federal Reserve freely admitted the GSE's were used to help prop up the housing market.

It’s been argued the GSEs did not purchase toxic securities, (worded toxic or not), will not void the fact the GSEs were used to funnel purchases made by the companies to the fed.


Evidence
From Board of Governors of the Federal Reserve System
95th Annual Report 2008

Quote: "since the November 25 announcement of the Federal Reserve’s program to purchase MBS issued by the housing GSEs and Ginnie Mae, and they currently stand at 5 percent." End of Quote page 19

Link: https://www.federalreserve.gov/boarddocs/rptcongress/annual08/pdf/AR08.pdf


Quote: "It's a big event that the Federal Reserve is offering to buy up nearly 10% of the agency mortgage market," said Art Frank, a mortgage strategist with Deutsche Bank Tuesday morning, the Federal Reserve announced that it would buy up to $500 billion of mortgage bonds guaranteed by Fannie, Freddie and Ginnie Mae, providing the ultimate support to prop up the $4.8 trillion market of these securities. The central bank also will buy $100 billion of the mortgage finance companies' debt securities, including that of the Federal Home Loan Bank, through reverse auctions starting next week. So far, other initiatives to prop up the market including a plan to have both the government-sponsored enterprises buy nearly $200 billion of these bonds and the U.S. Treasury's unlimited purchase of these bonds have done little to stop the weakening of risk premiums on mortgage bonds. As a result, mortgage rates have remained at elevated levels with little relief to consumers." End of Quote

Link: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=33791597
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blownaccount9 blownaccount9 7 hours ago
We need to bear in mind they haven’t taken into account dividends to preferred that will take a chunk out of earnings, dividends to common when we get to that point as well, and any possible dilution from government unwind. Regardless $20 seems pretty achievable day 1. I’d like to at least see $40 by 2026/2027. I’ll gladly take $90 though.
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Clark6290 Clark6290 7 hours ago
Fantasy land Amigo
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MRJ25 MRJ25 7 hours ago
Treasury/FHFA are at risk. This charade is getting so much attention. The misdeeds could hit the news headlines.

Go FNF.
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MRJ25 MRJ25 7 hours ago
Price target $90.00. Bring it on!
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RickNagra RickNagra 7 hours ago
Oh wow price target $90 minimum.  Great find.
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Clark6290 Clark6290 7 hours ago
To the train station pencil neck. My internet is down, pps check now
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juicyjuice10002 juicyjuice10002 7 hours ago
https://sinvestsllc.com/fannie-mae-fnma-price-target-90/
New target from the same investment research who recommended this at 43 cents two years ago.
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Kimbrown Kimbrown 8 hours ago
The same folks dump, the same buy. When they dump, we don't sell,we buy, the price will go up.
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jog49 jog49 8 hours ago
Is that Hillary posing as Lady Liberty on that $1,000,000 bill?
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skeptic7 skeptic7 8 hours ago
I think it's gonna hang where it is, plus or minus a few pennies. Still all complete speculation and too much uncertainty as a result. Trying to keep the lid on what's been done here is either going to be successful (as it's been for the past 16 years) or become a Rosetta stone moment. Knowing the history...option A seems more likely, but Option B would be fun for sure.
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blownaccount9 blownaccount9 8 hours ago
Yup. And it backfired on them when it drove their profitability even higher and it allowed the government to sue lenders generating the loans and collect those checks too. They literally double dipped on the entire situation. And screwed FnF shareholders twice by sweeping profits when they realized all those mortgages were still going to be profitable.
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trunkmonk trunkmonk 8 hours ago
Sorry u and Tim are both wrong. Don’t care what either of u say, it’s a fact and will be a factor if needed someday.
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kthomp19 kthomp19 8 hours ago
Immediately upon being forced into conservatorship they are forced to buy $billions more of toxic mortgages.

This is false. Tim Howard searched for evidence for this claim and couldn't find any.

Then there’s the fact that after five and a half years of performance results on Fannie’s 2009 book of business, its cumulative default rate is similar to the high-quality 2002 and 2003 books, and a fraction of the default rates of the 2007 and 2008 books. There is absolutely no evidence that Fannie Mae purchased toxic loans post-conservatorship, yet continued references to this myth, including by SCS, perpetuate it, which is not helpful.

The source of the rumor that FHFA and Treasury forced FnF to buy toxic mortgages after conservatorship started was from a Bloomberg article that itself had no evidence to back it up.

I truly can't understand why anyone would continue to push that false narrative.
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kthomp19 kthomp19 8 hours ago
All illegal.

None of this matters until and unless a court rules in favor of the plaintiffs on lawsuits that allege such illegality.

File your own lawsuit, shut up, or be exposed as an all-talk do-nothing hypocrite.
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kthomp19 kthomp19 8 hours ago
I could be wrong, but believe that most of the folks on this board, including me, were not the same folks who were screwed over by the Government in 2008 or even 2012, but came by way of these stocks much later in the game because it was a special situation and we saw the opportunity to make better than average returns. It was a great risk/reward play when you could buy 100,000 common shares for a quarter each or preferred shares for a nickel on the dollar (not that I got in that cheap for either). But the warrants and the seniors existed at the time many of us bought and we knew what we were buying into. Yet many of these late comers are same people who complain that the Government screwed us. They didn't screw me because I bought in the post-screw period as I think most of us did. People got out their calculators and started multiplying their number of shares by $5 and said "why not $50?" then "why not $150? $350"?. Thinking closer to winning the lottery than investing in 2 solid companies. (I still can't wrap my head around MBS backed by 750 FICOs and 50% LTVs - Damn!! ) And then developing a sense of entitlement - as in hey - the Government owes me at least $xx per share because they screwed the company 16 years ago.

That paragraph is a work of art. Bravo.

If any post on this board needs to be stickied, it's this one.
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kthomp19 kthomp19 8 hours ago
What about that poor shareholder who doesn't have the funds to file a lawsuit, but certainly knows his money vanished by theft? Or the widow woman suffering though the taking of private property who knows it was stolen? Or the police officer whose life savings invested in the Austin Retirement Police Officers fund who is unable to retire because his money was robbed from him? What about that?

They could band together and file a class action lawsuit on contingency if they really wanted. Crying poor mouth on their behalf doesn't make you any less of a hypocrite anyway.

In addition, if any of these shareholders have sold their shares then any resolution that causes current shareholders to benefit doesn't help them at all.

If you were truly concerned about justice then you would be advocating for a resolution that gives money only to those who held shares when the conservatorships started and when the NWS was signed. Anyone who bought shares after the NWS has no right to complain about how the NWS screwed them, and the same applies to the original conservatorships.

Are these people hypocrites because their unable to file a lawsuit?

No, because they aren't constantly spouting off legal theories and whining about supposedly illegal government activities. Of the "file your own lawsuit, shut up, or be shown to be a hypocrite" options they have chosen #2, whereas you keep choosing #3.

The hypocrites are those who do such continual whining but refuse to actually do anything about it. Like you.
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