Fannie Mae (QB) (FNMAL) News

Treasury Secretary Scott Bessent: "The housing market is stuck now, but I would expect that the housing market, sometime in the next few weeks, is going to unfreeze"


https://x.com/NewsLambert/status/1895629493852606780

I am trying to stay positive with the trump admin and that we are somewhere on the list but it gets hard some days. Yesterday was an absolute fiasco. I am glad we have Bessent on board. I find him to be rational, sane and normal. Pulte as well.

Multitask, not multitake

I hope they learn to multi take coz with this government, something will always be cooking on the stove hot and GSE will never get it's solo time to cook. So if they don't multitask, mid terms will come in no time and take priorities away 

DJT will almost certainly do an EO

Hi FOFreddie - I have no doubt. I try to think in terms of the person drafting or reviewing these - which I have done (as recently as 15 months ago). What would be the scope? Would it have a time frame/deadline? How much into the weeds should it get? We will see. Given that it's Trump it will probably just say something like release them in like 90 days. But hopefully will give Bessent and Pulte a lot of latitude.

I hope he waits at least until the summer to get the whole team settled and up to speed - and then can proceed rapidly. Give Pulte a punch list and a deadline.

I did not think about a shutdown - but is a real possibility - but don't think it will happen and don't think we will be impacted by the Bill.

Lamberth - Yeah - I am at a loss. Someone needs to check his pulse and see if he can fog the mirror.

I know everyone wants to cut FHFA - and I do to. All they need is 2 GSs and an untrained dog to run the place. But I don't want Elon and company to come within 3 blocks of the building until we get released, relisted and all set up. That's all we need. I can see it now - Hey, since we are in the neighborhood and in a cutting mode - don't these folks have access to a big pot of money we can grab? Do the letters "S-W-F" mean anything? Do the words "senior preferred" mean anything.

I hope DOGE doesn't even know what FHFA stands for until this is over. We will see.

Nats

The difference this time is that Trump really wants to do it. Forget about Treasury or FHFA or congress or anybody else. Read Trump letter. He is a builder and he hates government to control private companies. He hates government stealing people's money the way feds did it. When you read Trump's letter you can sense the resentment that he did not finish conservatorship in his 1st term. Its Trump this time and no one can stand in front of him to say keep FNMA and FMCC in the conservatorship. I suggest anyone having doubts then must read Trump's letter.

FNMA/FMCC
The Ides of March Approacheth

Hello Bobstruth, 

Thank you for your work on Rodney's document.  If you are interested in working with us, let Rodney know in e-mail. You can review what we are working on by reviewing my past posts. 

Well March came in like a Lamb so we know that means now...out like a Lion

Do they know it's coming, Hank?" President Bush asked me. "Mr. President," I said, "we're going to move quickly and take them by surprise. The first sound they'll hear is their heads hitting the floor."

This is the Bessent comment that takes us close to $10

Btw, are profits still being swept?

Commies in Congress don't want to release the corporations to their rightful owners.

https://x.com/GuidoPerei/status/1895674628019982517

This is positive. Dem senators have been asking about impact of release on interest rates. Since Treasury is interested in policy conditions to unfreeze the real estate market and drive down interest rates

Treasury Secretary Scott Bessent: "The housing market is stuck now, but I would expect that the housing market, sometime in the next few weeks, is going to unfreeze"

Bessent aim—as he's stated before—is policy conditions that drive down the 10-year Treasury yield (and thus mortgage rates)

looking forward to pulte being confirmed, restructure and consent decree

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

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.

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.

Folks, I am expecting FnF release by mid-April with a supporting DJT EO !!!
Rick, keep blowing that Magical Horn, we need more Whales.

Mopes in panick is what I see reading those board. Let it RIDE! Mother F****ers........

Very positive. Pulte, Bessent et al have said that CON-ship exit depends on interest rate.

Maybe you used a vulgar word,
or you made a personal attack, or
something? I've always thought you
a pleasant chap

Fannie Mae - All The Way
Freddie Mac - Load Up and Don't Look Back
Raise Your Bids
Raise Your Asks
Re-List - Re-List - Re-list -

I've been living in Medieval stockades for months with but ((1)) opportunity to respond.
and NO-Zero emoji credits.

All for One response to some Highly Political Poster that claims to Know Nothing,,
Or at least that is how most recognize her Mid-Western tittie-twisted (Chicago)
"O"conversation to be.

https://x.com/newslambert/status/1895629493852606780?s=46

https://finance.yahoo.com/news/bessent-says-housing-unfreeze-weeks-212312482.html

"So much time wasted"

I hate to say it but you can bank on it; especially if he leans on Bessent too much!

Oh wow.  My whale horn worked.

I thought Golfbum and I were the only ones restricted from giving thumbs up. Read quite a few posts today that deserved many thumbs up, but most have none or just a few. Looks like others are being deprived too. Wonder what's going on?

They need to just stop talking and uplist this stock like yesterday.

I think cship ends in March

So timeline for Pulte being confirmed is at most 6 weeks and maybe as soon as 3 weeks from persons posting here.

So by Mid April he should be in place at the FHFA

By Memorial Day hopefully things have been started and revealed.

Mid terms from May are a little over a year from then, right?

An EO as others have stated would be best and give Pulte all the authority he needs, Bessent also.

So much time wasted, do an EO now and get Bessent started on it.

Go FnF

we are all tired waiting-lol

Once again Prefeered are more worried about what happens with common than their own worthless junk P shares

The probability is precisely 100%.  And now please excuse me while I go blow my whale horn.

i keep thinking this is dependent on only one person's decision now. is that scary? what is the probability we are right that he will do the right thing , make wrongs done right and fix it unlike last time? what different things are pointing to it?

Once again, common holders suffer from the disease of chasing after what is possible rather than what is probable.

1-200% on uplist at the very least

Rodney5, per your request, I have modified your document to make it a little easier to read and understand. please email me with your email at thombiz@yahoo.com and I will send you the text with suggested changes. My thought is you could use the text I have prepared to modify your document you have created. Text in red are suggested revisions and text in bold is to draw attention to important ideas. It has been an honor to be of assistance. Bobstruths

I really appreciate your posts and I echo your
sentiment.

Pulte FHFA director hearing complete is positive check in da box ...

we ALL want it happen FASTER than it will happen ...

next is Senate confirmation Vote ... then Pulte will act quickly

I think to NYSE UPLIST - costs nothing and shows ACTION

UPLISTING is a Yuge NEWS catalyst to the share price

1st step toward Consent deal with TREASURY for RELEASE

and finally END of this never ending GOVT HOSTAGE Conservatorship

FYI....the quote was made Thursday. Now you can sleep better.

https://x.com/secretaryturner/status/1895476277781598342?s=46&t=xLP2LlWgJrEMUZZ7Fum-nA

I can agree with skeptic quite a bit because he/she has always yelled SHOW ME THE MONEY. All he/she has been shown in a decade and one half is a minimal amount of money. My usual schedule has been to get out of my casket at dark but stress over balancing expectations with disappointments requires me to rise earlier than planned to deal with the GSEs before looking for nourishment (blood). If I can ever see results from all the cheerleading, I can then get back to my needed rest and return to some semblance of a daily, scheduled routine. SO,SHOW ME THE MONEY!

Great thread from the Milton Group.

https://x.com/milton_fmr/status/1895540807190581382?s=46&t=xLP2LlWgJrEMUZZ7Fum-nA

No it's not going up tomorrow....stock market close !

It’s the end of the month, they drop it every time look at the history.

The difference between amateur and pro is showing lol

Not sure this article from yesterday was posted. https://stocks.apple.com/AympWbZJYQIuO533z0gLXGQ

Red only means shorts are still covering. There is no rationale of FnF prices right now. Given all the progress forward , it should be $8 now.💚

$$BOOM! Bro, gotta tell you that with all this great news, FMCC getting swacked every day. I believe the 3:10 to Yuma going the wrong way.