Patswil
7 hours ago
Historical Short Volume Data for FNMA
Date Close High Low Volume Short Volume % of Vol Shorted
Feb 28 NA NA NA 6,818,573 4,323,548 63.41
Feb 27 NA NA NA 8,820,348 5,381,912 61.02
Feb 26 NA NA NA 8,535,400 4,544,802 53.25
Feb 25 NA NA NA 11,437,227 5,845,634 51.11
Feb 24 NA NA NA 12,071,501 5,575,403 46.19
Feb 21 NA NA NA 12,196,093 6,526,616 53.51
Feb 20 NA NA NA 18,443,468 9,114,647 49.42
https://www.otcshortreport.com/company/FNMA
NeoSunTzu
10 hours ago
This Wall Street Journal story, or at least the headline, is a direct contradiction of the narrative that blames the GSEs for the 2008 financial crisis. I cannot count the number of times I have called out on this board that the blame has always fallen on the doorstep of Wall Street TBTF banks and their massive abuse of, at the time, unregulated, or very poorly regulated, or worse yet, poorly understood derivatives. This has been a poorly kept secret for a very long time - the TBTF bankers knew it, academic researchers wrote papers on this long ago, the Bush administration knew it (mainly Paulson), but the GSE piggy banks were an irresistable honey pot help fund the TARP bailout. Just as important, the GSE narrative was also low hanging fruit to feed the financially ignorant public.
We now have a recent article to call out the fraudsters and make the final uberpush for full restoration of our shareholder rights without any further enriching of the corrupt elements that caused this mess and covered it up with the false narrative. Calling out the treasury commitment as fully repaid plus 10% return to the government - wipes out the senior preferred shares and liquidtion preference - the warrants should be null & void, or left to expire - and with a reassessment of the capital taken from the GSEs when they were seized, additional consideration of the overpayments from the NWS, and finally, a reduction in the regulatory capital percentage, all spells an end to this fiasco with rights fully restored to shareholders. We are holding shares with the long-standing historical rights that the benefits travel with the shares.
This story could actually be the first financial media open contradiction of the narrative (purposely released?) that leads to the correct and final solution to the 2008 crisis - the end of the c'ship, release, and relist of the GSEs.
Wall Street Journal: The boys who crashed the economy in 2008 are back. Big time.
Collateral loan obligations are the hottest finance product in the market.
This is a free link.
https://www.wsj.com/finance/investing/abs-crashed-the-economy-in-2008-now-theyre-back-and-bigger-than-ever-973d5d24?st=NrBfPV&reflink=desktopwebshare_permalink
Rodney5
18 hours ago
Krab, Again, The monies Treasury has stolen with interest is in the calculation you’re referring too... AND the reason for this calculation of theft with damages:
Barron Quote “That means a cancellation of the SPSPA and a refund of hundreds of billions of dollars back to the Corporations” End of Quote
Barron4664
Re: jeddiemack post# 811048
Thursday, 01/09/2025 9:06:58 AM
You are correct, I hope you and all other shareholders understand that the issuing of these warrants to Treasury breaks at least 2 federal laws. HERA is not one of them. This fact exposes Sandra Thompson, and Treasury to the APA. Recent Court decisions have clarified that under the APA, the Statute of Limitations begins when the harm accrues, not from the initial agency action. Once these warrants are executed lawsuits should occur. This is all my opinion and is just words until tested in court, however, no one on this board has refuted this claim that FNMA common shares cannot be issued without receiving appropriate capital. And that the director's statutory duty is to prohibit capital distributions when under capitalized except for specific enumerated exceptions. HERA did not amend the safety and soundness duties of the director, just changed the name of the agency. Furthermore, the statute clearly states that the agency is not the director. The director can appoint the Agency as Conservator, the Director is still responsible for the safety and soundness of GSEs and that whether run by a board of directors or the Agency as Conservator, the Director has a statutory duty to ensure the GSEs comply with their Charters and the safety and soundness act. Unlike a takings claim or Illegal exaction, a succesful APA lawsuit could force an unwinding of everything done. That means a cancellation of the SPSPA and a refund of hundreds of billions of dollars back to the Corporations and Patswells or Rodneys pps estimates. If any posters think I am wrong, please refute this. So far all I have heard back is Gov can do anything they want. Yes they can and will until their actions are corrected.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175642070
TightCoil
1 day ago
Now 34 Days Above $5.00! - PLEASE HELP TO RELIST US, MR.TRUMP!
FNMA
Date - PPS - Volume
Feb 28 - $ 6.40 - 6,838,175
Feb 27 - $6.54 - 8,838,147 - Ain't they supposed to Re-List Us?
Feb 26 - $6.30 - 8,568,491
Feb 25 - $6.2457 - 11,457,437
Feb 24 - $6.81 - 12,116,881
Feb 21 - $7.27 – 12,226,299
Feb 20 - $7.45 – 18,465,326
Feb 19 - $7.70 – 12,390,202
Feb 18 - $7.25 - 13,978,600
Feb 14 - $7.089 - 10,474,587
Feb 13 - $6.74 - 12,756,457
Feb 12 - $6.93 - 8,596,324
Feb 11 - $6.82 - 5,052,103
Feb 10 - $6.70 - 7,983,887
Feb 7 - $6.61 - 7,822,510
Feb 6 - $6.85 - 32,439,154
Feb 5 - $5.98 - 13,605,816
Feb 4 - $5.48 - 5,756,414
Feb 3 - $5.16 - 13,762,512 (oversold)
Jan 31 - $5.49 - 5,825,993
Jan 30 -$5.65 - 5,238,534
Jan 29 - $ 5.66 - 11,557,830
Jan 28 - $5.74 - 11,902,328
Jan 27 $5.46 - 17,666,323
Jan 24 $5.74 32,035,179
Jan 23- $6.50 - 9,201,548
Jan 22 - $6.85 -18,576,012
Jan 21 - $7.01 - 35,380,100
Jan 17 - $6.91 - 36,487,200
Jan 16 - $5.40 - 41,137,700
Jan 15 - $6.21 - 46,566,200
Jan 14 - $7.04 - 53,693,000
Jan 13 - $5.49 - 16,501,000
Jan 10 - $5.26 24,269,000
navycmdr
1 day ago
Senate Dems question HUD focus on reprivatizing Fannie Mae, Freddie Mac
By Liz Carey | February 28, 2025
https://financialregnews.com/senate-dems-question-hud-focus-on-reprivatizing-fannie-mae-freddie-mac/
Senate Democrats want to know if the U.S. Department of Housing and Urban Development’s focus on reprivatizing Fannie Mae and Freddie Max will make mortgages more expensive.
In a letter to HUD Secretary Scott Turner, U.S. Sen. Elizabeth Warren (D-MA), the ranking member of the Senate Committee on Banking, Housing and Urban Affairs, along with Minority Leader Chuck Schumer (D-NY) and nine other Senate Democrats questioned President Donald Trump’s push to reprivatize the companies.
“During your confirmation process, you repeatedly spoke of the desire to reduce housing costs, a goal we share. However, right out of the gate, you are actively advocating for policy changes that would likely raise housing costs for hardworking Americans,” the Senators wrote.
“Reprivatization of Fannie Mae and Freddie Mac threatens to raise the cost of mortgages and rent and make it even harder to access credit for purchasing a home. At a time when so many Americans are struggling with housing costs, we must ask why you are choosing as one of your first priorities a policy that only makes it harder for Americans to afford housing.”
The Senators said the move could result in a taxpayer-funded giveaway worth billions for wealthy investors and hedge funds.
“Our housing finance system is a complex, multi-trillion dollar market that touches the lives of every American family. It is critical that any effort to reprivatize Fannie Mac and Freddie Mac does not result in windfalls for wealthy investors while raising housing costs for American families. We look forward to your prompt and thorough reply on this urgent matter,” the Senators wrote.
U.S. Sens. Richard Blumental (D-CT), Lisa Blunt Rochester (D-DE), Cory Booker (D-NJ), Dick Durbin (D-IL), Andy Kim (D-NJ), Jeff Merkley (D-OR), Chris Murphy (D-CT), Jack Reed (D-RI), and Ron Wyden (D-Ore.) also signed the letter.
navycmdr
1 day ago
Average US rate on a 30-year mortgage falls for sixth-straight week to lowest level since December
https://apnews.com/article/mortgage-rates-housing-interest-financing-home-loan-88b42783156271f3956c945067e6a565
By ALEX VEIGA
The average rate on a 30-year mortgage in the U.S. eased for the sixth week in a row, a welcome boost in purchasing power for home shoppers just as the annual spring homebuying season gets going.
The average rate fell 6.76% from 6.85% last week, mortgage buyer Freddie Mac said Thursday. A year ago, it averaged 6.94%.
Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners seeking to refinance their home loan to a lower rate, also eased this week. The average rate fell to 5.94% from 6.04% last week. A year ago, it averaged 6.26%, Freddie Mac said.
The steady decline in mortgage rates rates this year hasn’t been enough to change the affordability equation for many prospective home shoppers, especially first-time buyers who don’t have equity from an existing home to put toward a new home purchase.
Sales of previously occupied U.S. homes fell in January as rising mortgage rates and prices froze out many would-be homebuyers despite a wider selection of properties on the market.
New data on pending home sales, a bellwether for future completed sales, point to potentially further sales declines in coming months. They slid to an all-time low in January.
The average rate on a 30-year mortgage is now at its lowest level since Dec. 19, when it was also 6.72%. It briefly fell to a 2-year low last September, but has been mostly hovering around 7% this year. That’s more than double the 2.65% record low the average rate hit a little over four years ago.
“The drop in mortgage rates, combined with modestly improving inventory, is an encouraging sign for consumers in the market to buy a home,” said Sam Khater, Freddie Mac’s chief economist.
The inventory of U.S. homes on the market climbed last month to its highest level since June 2020, according to data from Redfin. But mortgage rates and prices remain an unaffordable combination for many would-be homebuyers.
Mortgage rates are influenced by several factors, including how the bond market reacts to the Federal Reserve’s interest rate policy decisions.
The latest pullback in rates echoes a decline in the 10-year Treasury yield, which lenders use as a guide for pricing home loans.
The yield, which was at 4.79% in mid-January, has been mostly easing since then, reflecting worries among bond investors over the potential impact from tariffs and other policies proposed by the Trump administration.
The 10-year yield was at 4.28% in midday trading Thursday.