Fannie Mae (QB) (FNMAK) News

Oh wow 64% now.

Does anyone think the GSEs might be mentioned tonight with respect to affordable housing ?

Lets not hurt any ones feelings here or use a hurtful emoji.
LMAO

How about combating the economic threat from our own government? 16 years ago it put 2 of the most profitable corporations in a "temporary conservatorship" and then swindled $301 billion of their equity.

If US isn't a 🍌 REPUBLIC...

ABOLISH @FHFA
FREE FANNIE!
FREE FREDDIE! https://t.co/v2Tt2CJtTM— Guido da Costa Pereira (@GuidoPerei) September 10, 2024

Grok thinks Fannie Mae and Freddie Mac should be released from conservatorship. pic.twitter.com/WevgFktl94— Alec Mazo (@Alec_Mazo) September 9, 2024

They won't express anything contrary to
the to the wishes of Queen Sandra, it's not in their interests to do so...Almoravid and Reid have happily joined the Circle of Corruption.
Fire Janet Yellen - Fire the Queen - Fire
Almocidor - Fire Reid - End the Conservatorship - Make Reparations to Shareholders - Relist us on the Big Board - and FightFightFightFightFight

Oh wow. Lots of buying pressure in the last one minute of trading. Clearly my whale horn worked.

Thank
Under court order!
Under court order, bod of Fannie and Freddie are releasing from conservatorship.
Fhfa is fired and has no power


Under administration

Fhfa is still taking full control

We need a running clock for expiration date.

It is highly probable Treasury will allow the GSEs to buyback the warrants for a nominal fee before the expiration date. Very similar to finishing a gallon of skim milk before the expiration date.

Let’s hope both Diana Reid and Priscilla Aldomovor get vocal about the conservatorship.

If the warrants expire what date/day do they expire? I’m just curious. As far as I’m concerned we’re 4 years & 3 months before something has to happen & it will once again be a critical election cycle for housing!

“Freddie Mac (OTCQB: FMCC) today announced that its Board of Directors has selected real estate and financial services industry veteran Diana Reid to serve as the company’s chief executive officer (CEO), effective immediately. Ms. Reid also will serve as a member of Freddie Mac’s Board of Directors.”

Note The BOD Hired The CEO NOT FHFA Queen Sandra. Under CShip All Of The Powers Of The BOD Are Under The Conservator. So We Must Be Released!

Hmm, 🤔 WHALE bids or buys coming IF your sentiment is duplicated by others receiving allocated jury wins!!! Especially when combined with those whom are accumulating now…

imho

Psst, Psst, Anyone Notice We Are Released From Conservatorship? Just Asking For A Friend…

Good news. I just sounded the whale horn. That should help quite a bit according to my calculations.

Let’s see if we get an end of the day bump!!

OMG. Corker may be THE BIGGEST sleazebag of all that ever participated in this scam.

No, not yet but there’s still time!

Another 1,540 shares of FNMFO have traded so far today. Down $250.

FNMA/FMCC
Let's quit the Whinin' and Cryin' and
Get Out There and
Fight, Fight, Fight
Fight the Corruption in Treasury and The FHFA
Fight to Right the Wrong done to Shareholders
Fight The Fraud, Fight The Fear
Fight, Fight, Fight

Would you say 10,000 to 15,000 common shares are meaningless? Because that’s about how many I figure I’ll be buying with the damages I’ll be paid. That assumes of course common shares are still in the 1.20 general area so may be more or less. I am resigned to waiting till the later part of 2025 or maybe 2026 until I see it though.

Does anyone have the ability to find out her previous salary info and why she would take this job for reduced pay?

Maybe things are changing soon with gse’s?

I know overly optimistic thoughts

But would be useful info

Tia

Can't wait to vote the board member clowns out of those positions. Thye deserve nothing better than to hit the pavement for having done absof'nlutely nothing for shareholders. FNMA
Can't wait for nothing from another placeholding FMCC CEO.

Concerted effort to keep prices down ... buyers see signs and buy - manipulators (TSY, gov, etc.) manipulate back down - you CANNOT defeat this until there is a change in government

There are a lot more assumptions than the price you referenced in your scenario. That said, those would be as close to free trading shares as you can get, so even for day trading value they'll have value. Do I think those 10-15,000 shares will turn into a million bucks? $500,000? Hard to say, but if you rely only on history the answer is no. If you take a nice little profit on them, which I hope you do, then then it will have been worth the wait. IMHO, I just don't see any type of lump sum payment coming, let alone as soon as 2025. Again, only my opinion. I hope you get double that amount of shares!

Agree except for # 3. I don't think it's "massive" as it will take another decade or so until anything comes of it by way of precedence. The defendants strategy is to keep these suits in court for as long as possible, and the plaintiff's attorneys are more than happy to oblige. A verdict of this "magnitude" and you've not heard about it in one financial publication, financial media outlet, etc. Still the best kept secret in real estate, law. and government

Come on B Corker, H Paulson, J Granholm start buying!

Freddie Mac has a new CEO Diana Reid

https://finance.yahoo.com/news/freddie-mac-names-industry-leader-130000010.html

Freddie Mac Names Industry Leader Diana Reid CEO

September 10, 2024 9:01 AM EDT Tweet Share E-mail

Transition to take place immediately !



MCLEAN, Va., Sept. 10, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced that its Board of Directors has selected real estate and financial services industry veteran Diana Reid to serve as the company’s chief executive officer (CEO), effective immediately. Ms. Reid also will serve as a member of Freddie Mac’s Board of Directors. President and Interim CEO Michael Hutchins will continue as the company’s president.

Ms. Reid brings more than four decades of banking, real estate, capital markets and affordable housing experience to Freddie Mac, most recently serving as an independent director and advisor to several organizations. She spent nearly 12 years leading PNC Financial Services Group, Inc.’s real estate business division through the financial crisis and on to a period of significant growth.

“I am pleased to announce that Freddie Mac’s Board of Directors concluded its comprehensive search and selected Diana Reid as the company’s next CEO,” said Lance Drummond, non-executive chair of Freddie Mac’s Board of Directors. “Diana’s proven track record and vast experience in housing finance, real estate and capital markets make her an excellent choice to further Freddie Mac’s mission-driven work. I have the utmost confidence that she is the right person to take Freddie Mac into the future.”

Drummond added, “On behalf of the Board, I thank Mike Hutchins for his leadership as interim CEO, which provided necessary stability and continuity for Freddie Mac’s important work. We are delighted to benefit from his continued leadership as the company’s president.”

Prior to her executive role at PNC, Ms. Reid founded Beekman Advisors, where she provided real estate finance company owners, CEOs and boards strategic advice and M&A execution. She spent nearly 20 years at the investment bank formerly known as Credit Suisse First Boston in Mortgage Trading, Debt Capital Markets, and Financial Institutions Advisory.

“It is an honor to join Freddie Mac and lead the company as it carries out its vital role in the housing finance market,” said Diana Reid. “I look forward to working with the Board, management and my colleagues at Freddie Mac to continue and expand the company’s contributions in providing liquidity, stability and affordability for housing in communities across the country, and to ensure the company’s safety and soundness for the next generation.”

Diana Reid is a member of the board of directors of Welltower, Inc. (NYSE: WELL), the advisory board of Pittsburgh Opera, and a founding board member of The Denyce Graves Foundation. She earned her Bachelor of Science degree from California State University and her Masters of Business Administration degree from University of Virginia’s Darden School of Business.

About Freddie Mac
Freddie Mac’s mission is to make home possible for families across the nation. We promote liquidity, stability, affordability and equity in the housing market throughout all economic cycles. Since 1970, we have helped tens of millions of families buy, rent or keep their home. Learn More: Website | Consumers | X | LinkedIn | Facebook | Instagram | YouTube

MEDIA CONTACT: Christopher Spina
703-388-7031
Christopher_Spina@FreddieMac.com

Hahahahasnork

COME ON NANCY!!!! Start buying. 🤣🤣🤣🤑

It is absolutely the reason. This is 100% a Nov 5 play. As long as a bad haircut is in style this will continue to go up.

No we can’t because of
TDS sufferers with daddy issues.

Finally waking up as a proxy trade.

Can we really not mention important factual things? Like there is a debate tomorrow and there is an election coming up? Like for real if we aren’t being political?

John Paulson, was referred to in a casual way of being made the Treasury secretary. Would like something more reassuring that he has a place in the cabinet. I know I know, am greedy

Oh wow. Look what I just found in my closet. Guess I will be slapping the ASK tomorrow.

John Paulson already talked about GSE release last week during the Bloomberg interview with that hot interviewer. Hot hot hot I say. A hottie.

The first person to talk about the GSE exit, in fact I will make it easier, talk about GSE in any shape or form, within the next 58 odd days get my vote. If not I stay indoors.

Nope it’s FMCC commons it’s not much but “it can buy me a boat!” 😂

https://www.mortgagenewsdaily.com/opinion/pipelinepress-09092024

The corrupt have made sure that no one needs to file 13F in OTC and it suits all these billionaires conveniently. We are operating on a 2013 assumption of ackmann and berkowitz

The rise has nothing to do with the thing that we cannot talk about.. something else is the reason for a 10% rise today

Franklin is the only known holder of that many shares.

https://www.cnbc.com/quotes/FNMFO?tab=ownership

The big move today was 1,500 shares of FNMFO being traded. Down $950. Roughly $20 million changed hands. Wonder if there's some story behind this trade.

Largest dollar volume traded in jps today in some time— day before tomorrow, which is significant but we cant talk about it. Lol. I think that tomorrow even more trading happems. Huge week

I don’t know why this keeps coming up but it says right in the Investment prospectus that the JPS are non convertible to commons.
They need 2/3rds of each JPS series to make a change and why would anyone holding JPS want anything than Par?

The first person to talk about the GSE exit, in fact I will make it easier, talk about GSE in any shape or form, within the next 58 odd days get my vote. If not I stay indoors.

did you get a message back something like " we thank you for appreciating what we have done for you in last 16 years. We promise that we will continue to do so but we must win to do so. This time it won't take 24 hours as fellow travelers are residents of the house and not traveling. We ask for your vote and we promise it will be even bigger this time"

While I am in no way down playing the one winn we got in the courts during our 15 years or whatever that time frame is, I am extremely shivering with fear and paranoia, if I have to go down the legal rabbit hole again to get justice if it has to be through the courts. Imagine the delays and delays and delays. I'm looking at 4 to 5 years to get anything meaningful in the legal route for any new cases that we start today