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Fannie Mae (QB)

Fannie Mae (QB) (FNMAG)

17.10
0.42
(2.52%)
Closed December 08 4:00PM

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FNMAG News

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FNMAG Discussion

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Clark6290 Clark6290 19 minutes ago
$Thanks $Bubba. $Of $coures, $they $are $companies
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navycmdr navycmdr 23 minutes ago
Fannie Mae and Freddie Mac aren’t people — here’s how

they keep mortgages affordable for homebuyers

https://sg.finance.yahoo.com/news/fannie-mae-freddie-mac-aren-130000607.html

Maurie Backman - Sun, 8 December 2024

Fannie Mae and Freddie Mac aren’t people — here’s how they keep mortgages affordable for homebuyers

If you’ve ever heard the names Fannie Mae and Freddie Mac and pictured them as a sweet old couple running a quaint bed-and-breakfast, you’re not alone. Sadly, they’re not humans — no cookies baking in the oven or cozy rocking chairs here. Rather, they’re government-sponsored entities with a far less charming but much more important job: keeping the mortgage market running smoothly.

Here’s how they work: Fannie and Freddie buy mortgages from lenders and then package those loans into mortgage-backed securities, which are sold to investors. While this might sound like a big money-making scheme at the borrowers’ expense, these entities actually help make mortgages more affordable. By guaranteeing loans and assuming some of the risk, they help keep interest rates lower.

The current average 30-year mortgage rate — it’s currently 6.81%. Without Fannie and Freddie, that rate would probably be a lot higher, making homeownership a lot more expensive.

One way they influence affordability is by setting yearly limits for conforming loans — the types of mortgages they’re willing to purchase. And in 2025, these conforming loan limits are increasing, bringing potential benefits to homebuyers.

Conforming loan limits are increasing

Each year, Fannie Mae and Freddie Mac set a baseline conforming loan limit, adjusting it for high-cost areas. For 2025, the baseline limit is rising from $766,550 to $806,500.

Limits for high-cost areas, including Alaska, Hawaii, Guam, and the U.S. Virgin Islands, are also increasing — from $1,149,825 to $1,209,750 in 2025.

How higher conforming loan limits can benefit you in 2025

Conforming loans are typically cheaper and easier to qualify for than non-conforming loans. For instance, jumbo mortgages — loans that exceed Fannie and Freddie's conforming limits — often come with higher interest rates, stricter credit score requirements and larger down payments.

With a conforming loan, you might qualify with a credit score as low as 620 and a down payment as low as 5% (though anything less than 20% will require private mortgage insurance, so that’s something to consider). In contrast, a non-conforming lender might require a minimum credit score of 700 and a down payment of 10%, 20%, or even 30%.

The increase in conforming loan limits gives buyer more options, which is especially important given the way home prices have risen substantially in recent years.

During the third quarter of 2020, the median U.S. home sold for $327,900. By the third quarter of 2024, that number jumped to $420,400 — a 28% increase in just four years. Without higher conforming loan limits, more buyers would be forced to turn to pricier non-conforming mortgages.

Read more: I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 3 of the easiest ways you can catch up (and fast)

Helping younger buyers access homeownership

Rising home prices and mortgage rates have made it harder for younger buyers to break into the housing market. In 2024, the National Association of REALTORS reported that the median age of homebuyers increased to 56, up from 49 the previous year. Similarly, the median age for first-time buyers increased from 35 to 38.

Higher conforming loan limits could ease these challenges, especially for younger buyers with smaller savings or less home equity. Being able to buy a home sooner can set them on a path toward greater financial stability and wealthy.

In fact, a report by the National Association of Home Builders confirmed that homeownership plays a key role in household wealth. It also found that households' primary residences were their single largest asset as of 2022, underscoring the role of homeownership in building wealth. By adjusting conforming loan limits are adjusting to today’s housing market conditions, Fannie Mae and Freddie Mac may help open the door to more people, including younger buyers, in 2025.
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RickNagra RickNagra 30 minutes ago
We will be in the green everyday this week.  I have a new and improved and super obnoxious super duper loud whale horn.  Time to blow I say.
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krab krab 37 minutes ago
I never buy JPS with company, like GM, that's gone into bankruptcy. Risky business !!!
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mrfence mrfence 51 minutes ago
I just cancelled all my sell orders .

$FNMA~ $FMCC~
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Donotunderstand Donotunderstand 1 hour ago
returned ? 300B ?

or simply say - the 200B owed is gone - zero - for the same reasons you gave - PLUS the GSEs paid 300B (not re collected or returned)

kill the 200B obligation and PPS will quadruple - with no change of where they trade or any action on freeing us ----- because then we stand a year from some form of freedom on our cash reserves
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Donotunderstand Donotunderstand 1 hour ago
digest ?

?

all links in last week say AT MOST F and F was an experienced hand to buy PAPER and then sell it to FED RESERVE

?

and the Paulson clip re affirms that GSEs only bought conforming paper for themselves
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Donotunderstand Donotunderstand 1 hour ago
HELP
Rosner says F and F need a guarantee
I agree - although it would be behind large reserves and maybe even a re insurance buffer

What does he think about the 200B of LP/SP ----- will it land on us - or be killed ?
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Donotunderstand Donotunderstand 1 hour ago
thank you
I do not agree with a bunch of your guesses

but

I have always thought of the warrants in the WRONG way !!!
I think of them as 4B shares - or 80% of say FNMA if used

i did not think of the warrants as 80% of any number of common - e.g. post a new capital raise

you are right - and also right that such privilege to get for pennies 80% of outstanding stock must be gone and off the table to sell one more share
The warrants are "magic", in that they give Treasury a 79.9% stake in the common once exercised no matter what the prior share count had been.

As such, there is no way that outside investors will contribute capital or the juniors will agree to an exchange for commons if the warrants still exist and haven't been exercised. .
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Donotunderstand Donotunderstand 1 hour ago
NO
NO
No where did he say GSEs would buy TOXIC stuff

He went out of his way to say GSEs do their thing and Treasury will ADD more liquidity

The JUNK clogging the system was spoken to separately

So what the GSEs bought pre crash (tons of bullsheet PLMBS voluntarily not knowing the banks lied) is not the subject and no where in THIS clip does it say that GSEs would buy the shit clogging the system

What may have happened in the real world LATER - after this clip - can be debated but this clip if anything says for GSEs business as usual . Again the damage to the GSE Balance Sheets - used as an excuse to grab them was the overall decline in value of bonds on any places BS ---- and the super reduction in the value - market price - of the PLMBS FNMA held. It was temporary and bluntly it could have been overlooked with the GOV saying they would cover losses (as they did at Money Markets0 - but the BS per GAAP fell below required operating safely levels as the PLMBS that the GSEs already owned plummeted in value - market price (of course they went back up)
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TightCoil TightCoil 1 hour ago
Fannie Mae - All The Way
Freddie Mac - Load Up and Don't Look Back
For Monday: 12/9
Launch by Lunch
Mooon by Noooon
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Guido2 Guido2 2 hours ago
I disagree with most of attached article, but won't be surprised if it causes a boost in pps if enough fools read it.

https://you.stonybrook.edu/crisisandcatharsis/2024/07/13/fannie-comes-to-town-and-may-soon-be-history/
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JSmith5 JSmith5 2 hours ago
Maybe, but why would the (MAGA) courts (as in SCOTUS) suddenly start deciding in favor of shareholders, when they have In over a dozen years?

DCBill - For sure. I was expecting our case in the SC to be decided in our favor by 6-3. Silly me - I was looking at, like, the merits of our case.

Not being political, no joke intended, I always thought that Libertarian meant extreme liberal (like Abby Hoffman or someone like that). When I went a few years ago to the George Mason Law forum where Calabria spoke, I was surrounded by like-minded Libertarians (not like minded to me - just each other). The light bulb went off as Calabria was speaking - I'm like - hey, this doesn't sound like something Abby would say!

After the decision I read that all 6 conservative judges were Libertarians. And that the Libertarians would rather eat dirt, or a dirt-like substance, than see the GSEs released.

So I guess any route that would take us to the SC may not be helpful.

Nats
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EternalPatience EternalPatience 3 hours ago
Someone that you will like 
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JSmith5 JSmith5 3 hours ago
Who is the expected nominee?

Sandra Thomson. I like her because she had enough sense to sit on the companies and give us all more chances to buy before the election.
Sandy - my check is in the mail. Thanks!

Nats
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EternalPatience EternalPatience 3 hours ago
Not sure he will get the sarcasm though 
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Donotunderstand Donotunderstand 3 hours ago
interesting reminder

do you recall what happened to legacy stock - common stock - holders ?

I think I recall they were wiped out !!

I do not remember what happened to JPS GM holders

(I do remember as I bought a bunch - what happened to TRUST PREFERRED STOCK - which are NOT at all JPS equity but ruled - at that time for banks and GM - over and over to be DEBT (check out any financial website and you will see how TRUST preferred were unique) . And even with all of that - I made money as the % of GM I owned grew when the UNIONS said we do not want any equity - none - we need cash for pensions and benefits

What happened at GM to JPS?
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Stern is Bald Stern is Bald 3 hours ago
Who is the expected nominee?
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Donotunderstand Donotunderstand 3 hours ago
sorry to the poster and all those who agree

this post - to me at least - says the FED bought up paper - left and right

(indeed that article says GSEs over and over and NEVER shows what F or F did - as I read that one article)

For example
The Federal Reserve’s program purchased MBS issued by the GSEs (this is a sentence - of fact - from the article posted)
The following sentence is an opinion or subjective comment or editorial - Putting aside toxic or not the Treasury / Federal Reserve freely admitted the GSE's were used to help prop up the housing marke - HOW

and if you are saying the GSEs were a risk free (to them) funnel to move securities to the FED ---- that is 1,000,000 miles from GSEs eating and losing money on tons of poor paper

Personally - my memory is the GSEs were burned supremely and hugely by junk MBS paper issued as AAA that the GSEs owned in their reserve part of the BS. SO the FED bought that paper or guaranteed that paper . Again - as posted prior - even if no one reads --- the GSEs could not have had such a low loss ratio on paper they backed (regardless of issuer) and could not have made profit on profit and profit if they were a garbage can

I go back to GSE - quality !!! paper held by foreigners was in jeopardy of being used to beat up the USA economy and Paulson decided to make sure that all GSE paper was Treasury backed and HERA and Paulson got us there ----- where IMO a declaration of the same - would have been sufficient . The conservatorship seems more and more a traditional Republican (pre DJT populism) knee jerk grab of the GSEs that R hated since FDR . We were robbed !!!
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trunkmonk trunkmonk 4 hours ago
during up list you do IPO of new shares through Broker, they find out demand, and at what price, then they go with it, 20s 30s, 100s all kinds of wild estimates. EPS means nothing at that point, its not a walmart, its demand and buy into housing again, its will be huge....price will start at same as BAC, then bid from there.
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krab krab 4 hours ago
Yep, we would soon see both FnfF boost to $20+
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mrfence mrfence 4 hours ago
An up listing forces reconciliation of all $FMCC~ $FNMA~ OTC FTD's
ABC easy as
1. Write down Senior Pref and Warrants
2. Up list and capitalize.
3. Release

The Jackson 5 Plan 😉😘
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krab krab 5 hours ago
Quick & easy solution is to move FnF from OTC to the big boards !!!
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mrfence mrfence 5 hours ago
Trying hard to be the Shepard 😉

$FMCC~ $FNMA~ BMF TWINS
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JSmith5 JSmith5 5 hours ago
do you have any thoughts on how the GSEs multifamily program could be redirected to incentivize the construction of multi-family housing as part of a new DJT housing program?

I really not familiar with it - so I just looked up some information on it. If they can use some of the proceeds to encourage it, it will be helpful. That being said, I really wish they would stick to encouraging the construction and financing of single family, owner occupied homes so families have the opportunity to own their own home.

Nats
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mrfence mrfence 5 hours ago
9/07/08



$FMCC~ $FNMA~
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JSmith5 JSmith5 6 hours ago
Its even worse than that:

Cornnuts was a registered trademark of Kraft Foods. On February 11, 2021, Kraft sold the Planters and Corn Nuts brands to Hormel Foods.

Nothing is sacred anymore!

Nats
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mrfence mrfence 6 hours ago
As of current information, "Cool Ranch Corn Nuts" were never a widely available, officially produced flavor by the primary corn nut manufacturer, so they likely never existed in the first place; any mention of them could be a misremembered or anecdotal experience, or a potential case of mistaken identity with another snack product.
Key points to consider:
No official confirmation:
There is no public statement from the company confirming the existence or discontinuation of a "Cool Ranch Corn Nuts" flavor.
Variety of flavors:
While corn nuts do come in a variety of flavors, "Cool Ranch" is not typically listed among them.
Consumer perception:
If a "Cool Ranch Corn Nuts" flavor did exist, it might have been a limited-edition or regional product that didn't gain widespread popularity, leading to the perception that it was discontinued.
$FMCC~ $FNMA~
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JOoa0ky JOoa0ky 7 hours ago
Incorrect. $3.50 wall holds.
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RickNagra RickNagra 8 hours ago
Mr. BigglesWorth ?



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jog49 jog49 13 hours ago
"Regardless of who it is it will be a signal that the new regime is going to deal with this charade."

No, it doesn't! Do you just make this shit up? Did you not learn anything when that dunce Calabria was nominated? He sure as hell didn't "deal" with anything I ever saw. When a person who can really do us some good says he/she is going to do us some good, then they might get my attention.
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jog49 jog49 13 hours ago
Which one of the letters in LGBTQ+ represents Whalen? I believe I have seen that face before hanging around public restrooms. Sometimes there is a guy with him holding a cat. Just saying . . . . . . .
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jog49 jog49 13 hours ago
"Bill and John, they get it, and will reap great rewards"

Bill and John run hedge funds and may hold less shares personally than you do or some of the others here. Most everyone here that comments falls under the mom-and-pop investors umbrella.
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TightCoil TightCoil 14 hours ago
Let My People Buy
Open Dem Market Doors
My People want In
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DCBill DCBill 15 hours ago
Maybe, but why would the (MAGA) courts (as in SCOTUS) suddenly start deciding in favor of shareholders, when they have In over a dozen years?
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TightCoil TightCoil 17 hours ago
Just tell all shareholders:

DO NOT SELL
and $3.60 and more WILL happen
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MRJ25 MRJ25 18 hours ago
If there is a nomination for a new FHFA director, then that will be great news. Regardless of who it is it will be a signal that the new regime is going to deal with this charade.
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mrfence mrfence 18 hours ago
2016 $FNMA~ Double Pop
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krab krab 21 hours ago
Lets hope next week the whales hear your horn, and both FnF surpasses the $3.60
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navycmdr navycmdr 21 hours ago
a Monday pop on next nomination - could be the next FHFA Director ?

https://x.com/MustardNoMayo/status/1864921939631841568?t=_pSKltp7QQhAZfux3qz7Ew&s=19

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Lite Lite 22 hours ago
Where was Whalen working 2006 - 2008? Any articles from him on the impending housing issue? I see He worked for Bear-Stearns, but didn’t see the year(s) employed.

I did see another article while looking on Housing Wire - in case you missed it:

https://www.housingwire.com/articles/mba-bob-broeksmit-gse-exit-conservatorship-fannie-mae-freddie-mac/#:~:text=Removing%20the%20government%2Dsponsored%20enterprises,of%20Republican%20leaders%20in%20government
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RickNagra RickNagra 22 hours ago
$4 by Friday.
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Kimbrown Kimbrown 22 hours ago
Any suggestion at the point, such as a utility model, is intended to drag on the conservatorship. Time has proved no need of any new models, such as a utility model, etc.
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evenpar evenpar 23 hours ago
I hate to say he has a couple valid points so it will take a few years I think to transition but if you've been in prison for 15 years and your time is up your time is up you don't stay in prison.....
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Golfbum22 Golfbum22 23 hours ago
his photo even looks like he is lying

he would be a terrible poker player

I would laugh at that face across the table

LMAO

-gotta love it when his friend Josh R calls him out too for fake news. too funny

surprised anyone is still paying him for fake news

kinda like paying our lawyers that always lose even when they win
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stockprofitter stockprofitter 23 hours ago
Whalen the fraud…drown soon enough.

Buddy is a crackhead.
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MannSinger MannSinger 23 hours ago
Whalen is SLAVE of Wall Street or WB!!!
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nagoya1 nagoya1 23 hours ago
Just like whales blowing air, whalen blows.
Fnma
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navycmdr navycmdr 24 hours ago
Whalen is constantly attacking GSE release ...

https://www.housingwire.com/podcast/chris-whalen-on-removing-fannie-and-freddie-from-conservatorship-under-trump/



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TightCoil TightCoil 1 day ago
FNMA - Strong Hold
FMCC - Strong Hold
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