Federal National Mortgage Association (PK) (FNMFO) News

Excellent piece by David Fiderer. Everyone on this board needs to read, well written, short & precise that covers 24 items !!

Donkey Coyote.
Fnma

You are such an optimist

MOASS is an acronym for "Mother of All Short Squeezes". It refers to a market phenomenon where stock prices increase rapidly due to a large number of purchases. The goal is to counter short sellers by driving up stock prices through a high volume of buying.

MOASS is an acronym for "Mother of All Short Squeezes". It refers to a market phenomenon where stock prices increase rapidly due to a large number of purchases. The goal is to counter short sellers by driving up stock prices through a high volume of buying.

David Fiderer:
https://x.com/Ny1david/status/1870590017703453123

Looking forward to some GSE news...long stick goes boom

Fnma

MOASS should be coming. Hopefully soon.

The $FMCC~ $FNMA~ MOASS will B GLORIOUS!!!

The better plan would be to disallow anyone from owning more than 3 homes and disallow short term rentals. CA now has 38% of all single family homes owned by investors. The last 11 homes we've bid on we lost out to all cash investors. All 11 of our bids were above asking price. Investment groups/corporations are why there are not enough homes available for people.

I'll have what he's drinking please!

New administration along with Elon chain gang

Need to stop Pottersville

Get all hedge funds Amazon black rock
GS out of owning or buying residential single family homes and properties

It’s evil and is ruining the next generation’s families American dream

It’s Pottersville now and it needs to be stopped.
There should be a limit on too many properties for being landlord as well.

Hard working Americans should not be stuck in rentals if they are making a decent income.

Go next administration

And

Go FnF

The corrupt mindset of the uniparty (government/financial establishment) tells you all you need to know in this article:
How Trump Can Ease the Housing Crisis
They are willing to do just about ANYTHING under the sun EXCEPT release Fannie and Freddie ... NOT ONE MENTION OF THE SINGLE MOST IMPORTANT ENTERPRISES TO THE HOUSING INDUSTRY ...
There is more than meets the eye in keeping FnF in custody; their mouthpieces are telling you that by NOT TELLING you as illustrated in this article supposedly about "easing the housing crisis" without even mentioning the GSEs. They are hiding something deeper and more nefarious than the obvious corruption we all know about. Pinto has a history with the GSEs; this now proves he is a paid mouthpiece for the thieves. Three words: rat bastard thieves.

Currently the shorties set the price with robotic trading. It should be $8 now. It will be $35 relisted.

$11 by Friday Jan 24, 2025

How Trump Can Ease the Housing Crisis

President-elect Trump has the opportunity to provide our children and grandchildren the same homeownership opportunities as earlier generations. He can do it without the massive subsidies, home-price inflation and market inefficiencies that Kamala Harris’s housing plan would have required. Mr. Trump should consider five steps to make homeownership great again.

First, he should direct his interior secretary to have the Bureau of Land Management auction off land suitable for residential development. Land sales totaling 828 square miles would be enough to build about 4.2 million new homes over 10 years. This constitutes 0.3% of the BLM’s 269,000 square miles in 10 states: Arizona, California, Colorado, Idaho, Montana, Nevada, New Mexico, Oregon, Utah and Wyoming.

These 10 states, along with Alaska, account for virtually all the land the BLM manages. They also suffer from severe housing unaffordability: Their median home price is more than six times median income—in California, more than eight times.

Greater land supply would decrease the cost of newly constructed homes, allowing home-price appreciation to track more closely with income growth. The Southern Nevada Public Lands Management Act of 1998, for instance, made about 106 square miles of BLM land in the Las Vegas Valley available to be auctioned off to private bidders. The sales have since increased housing supply and generated over $4 billion in revenue.

Freeing up federal land is part of the 2024 Republican Party platform, and it would return the BLM to one of its original functions—overseeing the transfer of federal land to state and private ownership. Auctioning off this BLM-managed land would also generate about $105 billion for the Treasury.

Second, expand oil and gas production by reviving new pipeline infrastructure. Greater energy supply would reduce inflation and the cost of homeownership by lowering energy expenses.

Third, roll back energy regulations that drive up homeownership costs. The nonprofit Alliance for Consumers finds that Biden-Harris energy regulations have added up to $9,166 in household expenses per home. In April, the Department of Housing and Urban Development mandated that federally financed homes be built in compliance with the 2021 International Energy Conservation Code. According to the National Association of Homebuilders, these stringent regulations could add as much as $31,000 to the price of a new home. It could take up to 90 years for some home buyers to break even on this added cost.

Fourth, follow through on the planned deportation or repatriation of illegal immigrants. Deporting two million people over the next two years would free up about 370,000 housing units—equal to over three months of new-housing production. To put this in perspective, during Barack Obama’s eight years as president, deportations and repatriations totaled 5.24 million—about 655,000 units a year.

Fifth, end tax deductions for mortgage interest on second homes. Eliminating this deduction would reduce the demand for second homes. I estimate that over the next decade, it would free up about 650,000 existing homes—10% of the current number of second homes in the country—for primary occupants. This is the equivalent of about six months of housing production. Based on my calculations, ending this tax deduction would generate more than $27 billion over 10 years.

State and local governments can also do their part to increase housing availability without costly government handouts. They can enact smaller lot size limits for both single-family detached houses and town houses. Florida built 1.8 million homes between 2000 and 2023 with a median lot size of 10,019 square feet. If the state averaged about 5,700-square-foot lots for single-family detached homes—and used about 20% of the land for 2,000-square-foot town-house lots—that number would have more than doubled to 3.8 million. Moreover, houses would have sold for an average of $439,000 rather than $550,000 (in 2023 dollars). These smaller lot sizes would allow areas with little new construction but high land prices—such as California, New York and New Jersey—to replace old, energy-inefficient single-family homes with duplexes, triplexes and town houses.

These steps would add or free up millions of affordable homes, all without inflationary and deficit-increasing subsidies or income limits. It would also reduce homelessness and stimulate economic growth, as more people would have opportunities for upward mobility. Unless we take steps now to provide our children and grandchildren with robust housing opportunities, America will endure a self-perpetuating cycle of housing doom.

Mr. Pinto is co-director of the American Enterprise Institute’s Housing Center.

Interesting

Bold clean 100% pure capitalism

Do you recall it is only because of FNMA and the GOV which had FNMA as an AGENCY for decades that Americans got to afford housing via the 30 year mortgage

So maybe we should go back to pre depression lazy fare capitalism and 5 year balloon mortgages?

Some of this - a bit of GOV help as needed goes a long way to making this a more equal society - which is what allows us to continue the experiment of capitalism inside democracy. Take away all GOV help (social and Medicare and ..) and we will see revolution (Even the filthy rich 1/2 of 1% know this as does Steve Banon whom I hate but who screams do not keep cutting taxes on the 1% and widening the gap more and more)

So --- will the GOV subsidize - just indirectly - by taking bids way below market value for the land?

First he should direct his interior secretary to have the Bureau of Land Management
auction off land suitable for residential development. Land sales totaling 828 square
miles would be enough to build about 4.2 million new homes over 10 years.[D

Building more is good
But if this land is any good for those who buy homes - (roads - electricity - broadband - sewers - sidewalks - schools etc.) why should it sell for below market price

So - the way this would help is ONLY if the GOV provides a subsidy by agreeing to build at our cost all the infrastructure needed and sell BELOW market price

Hey that might work but it is a HUGE MASSIVE subsidy and it would be simpler to work with builders directly ----- there is no shortage of land

The housing crisis began with a mass exodus from cities due to covid and now a mass buy-up of houses by hedge funds and hacking up the rental prices...

Just a juvenile justification of whats really going on here by Pinto....

https://www.peoplesworld.org/article/wall-street-hedge-funds-are-buying-whole-neighborhoods-driving-up-home-prices/

2008

Catbird

Musk is trying out various trial baloons on what can be done by a department at Treasury versus done by a separate agency

He has floated closing FDIC as a separate agency
Here he would close FHFA as a separate agency and give oversight et al to Treasury

Since Treasury can FREE us from a 200 B obligation TODAY !!!!! and has not --- what the F is the difference if there is an FHFA or not

How does eliminating FHFA add one penny of value to PPS ? Serious question

Dumbest plan ever

wsj opinion, behind paywall 

CLARK

Thank you - seems he "missed all that"

yet - I do wonder if that is one on top of the other

or

GOV uses its 4B shares to raise 206B dollars to then pay off the 190 - so 300B received already from F and F become a massive 10% ROI ---- since the total the GOV got was the 300B sent to them and this 200B

Note - if GOV thinks 4B shares are worth 200B --- then they are thinking that F and F with 5B shares (our 1B and their 4B) is worth $50 a share ??

Any and ALL talk about FHFA is a HUGE MONSTROUS Red Herring

We need 190B dollars declared paid off -- and not worry 1 bit - not one second about the meaningless FHFA

I did not follow all of the math but this scenario sees F and F paying 171B (same page you stopped on) towards a $190B obligation

So if F and F have to pay 190B !!! ---- how do they have enough reserves without dilution ?? they just used up 170B towards th 190

again I want the GOV to forgive the 190 B -- to call it paid off

but how does F and F have enough reserves/capital if they assume F and F pay out 190B to GOV

(and no new stock? - can not be )

Best to keep the housing supply tight. If you cannot afford to buy, rent. If you cannot afford to rent leave the country.

Last, do no scar federal land with cheap developments

$4 by Friday.

Unless it gets you life at Shawangunk. Or even worse, dump your Ps before 2024 - when they went up 400%? Bad dog!!

Nats

How Trump Can Ease the Housing Crisis

His five-step plan should include auctioning off federal land,

deporting illegal immigrants and rolling back regulations.

By Edward Pinto - Dec. 19, 2024 5:45 pm ET



President-elect Trump has the opportunity to provide our children and grandchildren
he same homeownership opportunities as earlier generations. He can do it without
the massive subsidies, home-price inflation and market inefficiencies that Kamala
Harris’s housing plan would have required. Mr. Trump should consider five steps to
make homeownership great again.

First, he should direct his interior secretary to have the Bureau of Land Management
auction off land suitable for residential development. Land sales totaling 828 square
miles would be enough to build about 4.2 million new homes over 10 years. This
constitutes 0.3% of the BLM’s 269,000 square miles in 10 states: Arizona, California,
Colorado, Idaho, Montana, Nevada, New Mexico, Oregon, Utah and Wyoming.

A boy should always listen to his dog 🐕
Maybe he did this because he was still listening to his dog? Did you ever think of that?

Nats

Donkey

Thanks for providing no gse comprehensible math equation. Even your calculator can’t provide lies.
Fnma

You need to change the pronoun to ´Î’.
Fnma

Berkowitz dumped 95% of his JPS

Maybe he did this because he was still listening to his dog? Did you ever think of that?

Nats

Hurry and file that lawsuit before commons hit a nickel in share price.

Agree. I can live with the 10% interest (or dividend as some prefer to call it) per the original contract. But, the NWS in 2012 is clearly a case of illegal taking of private property.

Just as an example. In the next crisis, UST can request all TBTF to mark to the market all their assets. I guarantee that most of them will need some bailout. Just in case they fail one interest payment, UST steps in and change the bailout terms to the modern time slavery term of "give me all your have quarterly and forever". Ever since the NWS, it will mean that you can never reclaim yourself.

In the case of Fannie and Freddie, UST and FHFA changed the terms to Net Worth Sweep in 2012. Later in the same year, the GSEs paid UST almost $200B per the NWS. Remember, total bailout balance (or Liquidity Preference as some prefer to call it) was $191B. 10% interest was $19.1B. The GSEs paid UST $141B (if I remember correctly) in excess. Can we call that an coincidence or a highway robbery ? That $141B in 2012 should be now $300B per the same 10% interest rate charged to the GSEs per the SPSPA. What a shame to USG ! Is it time now to rectify this ?

Hi Kt.

Dishonest because you are uninformed or ignorant, whichever applies. You and your buddy need to go file your lawsuits and learn the hard way.

Waterstone did a massive naked short before the seizure and before Reg Sho. Most of the Valuewalk article links covering the short in detail have been scrubbed. I recall the implication is they're short more shares than are issued. Many heavy shorts occurred post seizure too assuming FnF would be unwound.

https://www.valuewalk.com/waterstone-fannie-mae-freddie-mac/
Other blasts from the past coz it's the weekend:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=94124978&txt2find=Valuewalk

https://www.valuewalk.com/fairholme-responds-treasury-motion-fannie-mae-freddie-mac/

https://www.valuewalk.com/fannie-mae-freddie-mac-500-price-appreciation-bove/

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=91591618



So my opinion is there are to many naked shorts from the big fall to be covered without driving the SP to triple digits similarly to Gamestop. On the first run to $5 Waterstone was only able to cover 1% of its GSE short position which pulled their whole fund down to -12% Since the likes of Ackman bought massive long positions while shorts were holding for a non event, I'd say it's impossible for these big shorts to cover without burying themselves alive.

Prevaricating for $ like Rachael Maddow but for chump change.

Berkowitz dumped 95% of his JPS Latest report shows one time largest preferred Fannie Mae / Freddie Mac shareholder Bruce Berkowitz of Fairholme Funds now only holds 500k shares of the GSEs down from about 10 million shares years prior.

Bad sign for preferred shareholders imo
Sorry 😞 Bradford

Very dishonest post Kt. You know perfectly well that FHFA wears two hats. One as regulator, and one as Conservator. Rodney is correct. And you are wrong on purpose because you have a motive to obfuscate and decieve for some reason. The Statute that Rodney quotes applys strictly to FHFA as Regulator of the GSEs. That Statute says that the FHFA director must give himself (the FHFA director acting as conservator) permission to make a capital distribution when undercapitalized. And only for the purposes enumerated in the Statute. Ie the list of options in Rodneys post. Further, Congress in the  Charter Act requires this permission from the Director of FHFA acting as regulator, (not the Directors signature acting as Conservator in the SPSPA) to be in writing prior to each capital distribution. Neither Collins or the Supreme Court entertained any action of the FHFA as regulator. Stop conflating HERA Conservator Powers granted FHFA that have been fully adjudicated with the actions of the FHFA regulator that are covered by the APA that I will attempt to bring suit. In my opinion and hope to prove, every time a capital distribution is paid to Treasury under the SPSPA terms, at least 3 federal statutes are broken: Safety and Soundness Act, Charter Act, and APA. 

Naked shorts are never reconciled unless there's a symbol change.

Wrong jpeg, my bad.

Are accounting for the Naked Shorts as well?

50% of short volume that’s a good sign of NO release (shortly)

It's like the "Free Beer Tomorrow" sign at the bar

$FMCC~ $FNMA~

What can be unburdened by what has been!