Fannie Mae (QB) (FNMAK) Quote

Calamari flip flops more than a pair of flip flops.  He talks from both sides of his mouth.  His left and right jaw muscles get an even workout.

Bessent's answers are now available. The Senate Committee on Finance asked Bessent these questions in advance of the confirmation hearing.

Questions 68-84 relate directly to the ending of Fannie and Freddie conservatorships.
https://www.finance.senate.gov/imo/media/doc/responses_to_questions_for_the_record_to_scott_bessent.pdf

Forget Release
Being Re-Listed will get our PPS
up more and quicker

My response to Joe Light:

https://x.com/guidoperei/status/1881895463298957649?s=46&t=2Y42DPZFgRdwTBHj5W8jMQ

How many shares does Bessent have? I hope ackman takes care of him and gives him a Million or two shares and gets this show on the road.

I dont care as long as they release Fannie and they dont use our Fannies money for there star ship thingy.

What is up with Catman, went on an X posting spree saying it’s actually not complicated to release FnF. Where the hell was this Catman 7 years ago?

Be patient at least until the tsy and fhfa heads settle down in their job. Give it a quarter or two max, before we shd start thinking abt frustration 

My question is What the Hell are you doing trump wasting your God Dam time renaming the gulf of who cares or renaming the mountain of I dont give a Crap! Jesus Christ Man do something that maters like Free Freddie and Fannie so that my grandpa can get a decent retirement.

https://youtu.be/iTsCFW8yqH4?si=bBr4MiSKbgZ1CbqQ....
It's a yr old , but this why we are all here.

Scott Bessent, nominated by President Donald Trump for the position of Treasury secretary, has expressed a commitment to ending the conservatorship of Fannie Mae and Freddie Mac. He emphasizes the need for a careful and thorough process for recapitalization and release, highlighting that the conservatorships, which have lasted over 15 years, should not be indefinite. Bessent has stated that any steps towards ending the conservatorships should be designed and executed with precision to protect mortgage credit availability and improve housing affordability across the country. He acknowledges the necessity of working with Congress for any structural changes to the GSEs, such as providing an explicit government guarantee or regulating returns to investors. Additionally, Bessent mentioned that the Treasury should be compensated for its past support of the GSEs, although he would need to consult legal counsel on the specifics. His statements come in response to queries from Senators Elizabeth Warren and Raphael Warnock, indicating a collaborative approach with lawmakers and regulatory bodies like the Federal Housing Finance Agency to ensure the process aligns with legal frameworks. $fnma $fmcc americanbanker.com/news/bessent-w…



https://x.com/freefannie/status/1881873615370797116?s=46&t=L_hszGlrG7Qfo9Ksmln_mQ

She sits in her garden and grows roses with Jaenette and Sarah. Drinking tea and frantically trying to talk about the good old days.
They just don't have any topics. Joe come later, he overslept.

Just Let the Appointments Settle In.

Then on multiple fronts resolutions will start for WMI/WMB, Lehman’s, and F&F.

IMO;
Retained Earnings (75/25%) is the first for WMI Escrow holders.
Low hanging fruit.

Yes I hold F&F commons.



Ron

A look at Bill Pulte, Trump’s choice to run the FHFA

Pulte is an activist investor, philanthropist and Trump supporter

Jeff Bond - January 21, 2025

https://www.scotsmanguide.com/news/a-look-at-bill-pulte-trumps-choice-to-run-the-fhfa/


Government-Sponsored Enterprises, Mortgage, Regulation and Compliance

Bill Pulte, the man President Donald Trump has nominated to serve as director of the Federal Finance Housing Agency (FHFA), is known as a businessman and a philanthropist. If confirmed by the Senate, Pulte would lead the independent agency that oversees Fannie Mae and Freddie Mac, government-sponsored agencies that are crucial to the running of the real estate market.

Pulte is an unconventional choice for running the FHFA. While he is a Trump supporter, he has no government experience. His history of philanthropy and private equity activist investing is not the typical career path for agency administrators. Some experts have even surmised that Trump tapped Pulte because he would accelerate the privatization plans for Fannie Mae and Freddie Mac.

Pulte is the founder and CEO of the private equity firm Pulte Capital Partners. He is also chair of The Pulte Family Office, which also invests in companies, and the former director of PulteGroup, Inc., the public real estate development company that was started by his grandfather, William J. Pulte, who died in 2018.

Pulte has been greatly influenced by his grandfather’s interest in philanthropy. He wrote in a guest column for the Florida Times-Union in 2021 that his grandfather, who grew up poor in Detroit during the Depression, felt a duty after becoming successful to help those less fortunate. His passion was helping “the poorest of the poor,” Pulte wrote of the real estate magnate.

That passion to give back was passed on to the elder Pulte’s children and to his grandchildren. Grandson Pulte, himself, supports a number of philanthropies and launched the Detroit Blight Authority, which works to stabilize neighborhoods in the city. He has also become a well-known “Twitter philanthropist.”

He wrote in the Times-Union column that one day it dawned on him that Twitter, now known as X, was “the perfect platform to use to reach people in need across the world.” He maintains he’s used X to give away more than $1 million as well as three cars. He writes that the amounts he’s given to individuals have varied from $50 to $25,000. “I help everyone and anyone from cancer patients to single moms, U.S. citizens and people internationally,” Pulte wrote.

Pulte has spoken publicly about how President Trump has helped him raise tens of thousands of dollars in donations on X for military veterans over the years.

Beyond his philanthropic interests, Pulte has also made a name for himself as an activist investor. In December, Pulte, as chair of The Pulte Family Office, an activist shareholder in Virtu Financial, a financial data management company, called on the business to sell itself to either a private equity firm or to another public company. If the company doesn’t explore a sale, Pulte is threatening to force a proxy vote or take other actions.

Pulte lamented the current CEO, “is not focused on building a materially bigger business and spends precious time tweeting on items not related to the core operations of the company.”

On Jan. 15, Pulte announced that The Pulte Family Office had bought shares in GrabAGun, an online firearms retailer that also sells other outdoor products. The company is about to go public through a business combination with Colombier Acquisition Corp. II.

“Much like the First Amendment, the Second Amendment must be protected, and we believe there is no better way to exercise this belief than by investing in GrabAGun,” Pulte said.

https://x.com/markcalabria/status/1881764069893661141?s=46&t=VcFxDZRhIQTg6a6x1QQawA

As far as I'm concerned this is the new floor....😂

WhaleBalls ?

Trump doesn't have "quirks". That's left-wing media propaganda. What he has is a high level of intelligence and a brass set of balls!

Navy, you are a fighter and work day and night for our success in correcting the Democrat heist. I will be grateful to you and others here for the rest of my life after the release.

Let the lazy expropriators talk, now things are moving forward again. Trump has his quirks, but he's changing things for the better.

$100 - let's go

👍

Your average is under $1 well done !!

yup the hacks made careers out of pointing fingers, never having made a profit at anything, and lies. HUGE difference where it counts and there is accountability. its time to make all of that part of life again, fantasy world is gone

Can you copy and paste? Not a subscriber

Would love to read what the voice of TBTF banks is saying

Read with caution and for double meaning and missing detail

I agree, trunkmonk,
Pulte is independent and knows his way around the business. He will probably revise the ERCF and also remove other nonsense that he has taken over at the FHFA.
Trump has once again picked up good people for his team. Certain circles accuse them of all being filthy rich. But these are real experts in their field and not political hacks who have spent their entire lives badmouthing others to make themselves look better.

100B private money promised in the next 12 months

more to follow - up to 400B says the companies to DJT

we saw this last time and zero got invested

no GOV money - zero - this is hot air from a private sector dude who wanted a seat at inauguration and a quick way for DJT to say INFRASTRUCTURE

The 1 Trillion was passed on Bi Partisan basis during Biden and things are being upgraded and built

Profit from selling shares to the public - with such money to go to Treasury IF the SP/LP obligation is marked down to zero. Then F and F quickly reach required capital levels and the SPO cash is free cash to the Treasury ---- e.g. if looked at as 2-3 year income (or used up asset) --- then it would offset 70B in cash expenditure elsewhere in the budget -- e.g. pay 70B towards the wall if approved by Congress

But with my luck they will decide to take them into receivership and I will have to settle on something like a new collar for Freddie the dog.
The lesson would be never get a rescue dog or a rescued company.

Nats

Bessent wants to end Cship.
https://www.americanbanker.com/news/bessent-wants-end-to-gse-conservatorship-but-is-open-to-how

Raise the Axe
They will comply

The Pulte will temporary.

There only 1 reason he took job.

The FHFA will be axe.

Pulte won’t matter he get fired.

Can you see it?

Why else Billionssir Pulte take job?

He just gonna be temporary.

Mark dis post.

1/21

FMCC Close $6.14
Day Change +0.04 ( 0.66% )
Previous Close 6.10
Volume 11,273,865
Day Range 5.52 - 6.65
($1.08 spread!)

FNMA Close $7.01
Day Change +0.105 ( 1.52% )
Previous Close 6.90
Volume 35,380,113
Day Range 6.12 - 7.16
($1.04 spread!)

All the previous were entitlement or favors, this guy knows what he is doing.
Watt was the dumbest, that political hack couldn’t run my laundry to the cleaners without screwing it up or wasting time.

Pulte can do what he wants to, as interim. He does not need the job; he is a rich man. Not sure if he cares to be confirmed.

Been watching. Amazing

Ironically, you seem to be discounting the possibility that some person or group (I'm thinking of the Zandi/Parrott/Bright types) might file a lawsuit against Treasury if they write off the seniors! Lawsuits gumming up the works is a double-edged sword.

This implies that Treasury would want to avoid lawsuits from certain parties if they write off the seniors. But you don't think they will want to avoid lawsuits for using the Senior LP via cramdown. So they only fear lawsuits from one side, but not the other? This seems like a contradiction to your "Treasury doesn't fear any lawsuits" mantra.

Ironically, you seem to be discounting the possibility that you are a hypocrite!

BTW - NeoSunTzu gives his regards. Says to kiss his *$$, and that "our shares now have a nickel for just about every time he claimed they'd be a "nickel."

$Boooom ! Trump just announced on Fox

$500 Billion investment in AI -

called "Stargate" All US jobs

- Larry Ellison Ceo Oracle

- Masayoshi San - CEO Softbank

Sam Altman OPENAI CEO

I have been shadowing this site for 10 plus years.
Thanks for all you have done. I have 450k shares.
Giddyup!

Hi MRJ25,

Trump has nominated Pulte as director. As such, he is subject to a confirmation hearing.
Trump nominated Oetting as acting director 8 years ago, just as DeMarco was in his time. Acting directors do not have to be confirmed.

Good to know.  I suspect while as interim director he will be instructed not to create any waves.  In other words do not relist to the NYSE.  Too many questions and distractions will result at the eventual confirmation hearing.  Once confirmed Pulte can do whatever he deems necessary.

yes - I've been posting the same to ALL Trump cabinet members

including Susie Wiles the president's Chief of Staff - what have YOU DONE ?

Thank you. That's what I was thinking. I hope it's interim until the damn thing is dissolved!

Latest write up.

https://seekingalpha.com/article/4750949-my-thoughts-on-ackmans-presentation-for-fannie-and-freddie

" Lamberth sentenced a number of January 6th defendants, many to some fairly heavy sentences"

Released and now they're coming for Porky Pig! Some have been spotted in grocery stores looking for pork barbeque sauce so old Porky Pig Lamberth's days are numbered before he's over the coals!

"Well - Nats for one.
Maybe

He needs a new deck - and could upgrade to a screen porch if they don't monetize the seniors. If they don't monetize the warrants, maybe upgrade the kitchen too."

LOL!!!!!

Pulte does not have to be confirmed.
He can be appointed interim director and do what he wants.
DeMarco was interim and had full powers.

Navy, I hope you know that's not Trump's official account😂

so did YOU respond to our PRESIDENT's Question ?

just DO IT ! - DO IT NOW !

Especially the last minute, dropped it quick

Thanks.  Unfortunately Sherwin showed up at the close.

The bid/ask was moving and jumping around ,really strange. Hm. JMO