Federal National Mortgage Association (PK) (FNMFO) Quote

"I’ve changed my uplist price prediction. It is now 30-40 a shr."

30-40........Uplisted but still in conservatorship? Not a chance! Should it be? Yes! Will it be? Still not a chance!

Investors will not have confidence with the government's hands still around Fannie's throat.

Green all next week 🫡that's all folks!

It's Rick's signature line, and we all know what it means hahah

whats up with you and shermin-williams? lol

Sherwin ruined it

Looks like Sherwin just showed up.

No one but commuters are trading F2 today. The real price I bet is well over 15/shr. I’ve changed my uplist price prediction. It is now 30-40 a shr. You don’t manipulate a stock like this with HF trading, spoofing and layering unless you are on the wrong end of short positions. Hedgies are sitting on huge shorts from 2008 and can’t cover because they have leverage the unrealized gains, most likely 8:1,10:1 even 11:1. F2 will be halted 8-12 times on day one of Uplist.

we might end up green. and thats a massive winner of a week in my book. especially in consideration of such low volumes/lack of retail interest this week.

next week should be a bit more exciting.

Change that from
Strong Hold
to
Strong Buy

FNMA and FMCC are STRONG MOVERS

STRONG HOLD TIGHT HOLD

I would hope their Chairman knows more about the need for IPO/SPO than a generally absentee major shareholder. WHY IN HELL IS IT STILL BEING DISCUSSED?

"What is this admin waiting for?"

I'm afraid that this administration is dragging its feet to make sure it can milk us, just like all the previous administrations, before it "possibly" lets us go. The Trump administration, likely, wants its pound of flesh too. It is, and always will be, the shareholders who take the fight ending body blow.

I thought he stopped because he ran out of knowledge.

The proposal to invest IPO proceeds in middle-class housing, as advocated by labor leaders and lawmakers, doesn't directly contradict Ackman's core valuation thesis. His $34 target is primarily driven by the anticipated financial performance of the privatized entities, their capital strength, and the removal of government conservatorship. The use of IPO proceeds, while potentially influencing the long-term social impact of Fannie Mae and Freddie Mac, doesn't fundamentally alter the underlying financial model that Ackman is using to arrive at his valuation.

However, the proposed use of funds could indirectly affect Ackman's view. If the investment in middle-class housing leads to increased profitability or a more stable business environment for the GSEs, it could potentially reinforce his positive outlook. Conversely, if the investment strategy is perceived as inefficient or leads to lower returns, it could introduce some uncertainty and potentially temper investor enthusiasm, which could impact the IPO's success and, by extension, the ultimate valuation. The key factor remains the financial health and operational efficiency of the privatized companies, which Ackman believes will be strong enough to justify his target.

Ackman's prediction of a $34 per share valuation at IPO is based on the expectation of a successful privatization, the companies' strong financial position, and the potential for significant returns driven by regulatory changes and political support.

"Waiting is giving the anti gse crowd more power as we get closer to mid terms."
Unfortunately, TRUE THAT!

One billionaire tells the other billionaire, hey stop! - I want to get the credit not you!

"cash dividends in conservatorship are always corrupt. " An explainer. After 17 yrs, few want to relitigate the origins of the GSE conservatorship, tho some frame the current debate over their future as "the fruit of a poisonous tree," meaning cash dividends in conservatorship are always corrupt. An explainer 🧵. 1/#https://t.co/BhKWGcGZ5S— David Fiderer (@Ny1david) June 13, 2025

Weak volume today 

This wants to go purely up goes red in the mornings and bounces right back end of day bueatifuly. 

@POTUS @DirectorPulte @SecScottBessent @SecretaryTurner @howardlutnick @SenAlexPadilla @RoKhanna

Below is EXACTLY what our government has done to Fannie Mae and Freddie Mac since 2008! https://t.co/nc7hD8oMgH— Guido da Costa Pereira (@GuidoPerei) June 13, 2025

Knee high by Fourth of July!

And head high 3 weeks later!!

Nats (No, we did not raise a lot of corn in Northeast DC - hell maybe, but no corn as it would be gone even before it's ripe - including the stalk.)

You can always sell.

I know that expression so I'm guessing you were raised somewhere in the northern Midwest?

Not me, all but 2100 shares are in qualified accounts. They don’t get a dime until I sell or turn 71.5. 🤑

Wasn’t me, hopefully that guy sold before the rug pull.

they don't fear or care about rats who looted poor mom and pop for 17 years. it is kind of complicated mess that fellow travelers and demco created and a plan is being formed imo. yes, uplisting can be done right away as a start but they don't know number of shares etc. it will be one piece and not piecemeal approach as uplisting requires specific info but i may be wrong. the interest rate is holding it up for sure. the increase in institutional ownership is a good news for sure.

So, you are out I am assuming? You won't be here anymore?

Watching Fannie Grow, is like watching corn grow.

Knee high by Fourth of July!

This admin strung the shareholders along the first time for 4 years and then sent out a lame letter after they lost the election...seems like they are doing it again and for what reason? Money, power, favors? who knows. I expect nothing from them that will help the little guy. It's just not how they operate. As I have said countless times...the only shot we have is that we are riding the coattails of Billionaires. Mid terms will come and go and we will still be in trumps shareholder prison is my prediction. Enjoy the 50-100 million dollar birthday parade while we lose money daily.

No one gets elected without money. So yes we are waiting for the banks, mutual funds, institutional investors etc to load up.

This is what has to happen first


We were first...they might be smart... but we suspect they are the last.

You don't know Crappy. Come hang out with me for the day. :)

Crappy day 

Hi Wingsjr - thanks for the reply. I was flying the Delta Shuttle or American Airlines mostly from LGA to MDW or ORD. Mostly LGA to MDW. Delta was operating out of the Marine Terminal at that time. The pilot was working for the regional that was flying for Delta or American - maybe in his 30s - I was in first and he sat next to me and he asked for stock ideas. It was before the NWS because I felt bad for the guy when that happened because I felt I had given him bad advice. The guy was definitely liked low priced high risk/return stocks

What is this admin waiting for?

Banksters to load up or cover?

There was news saying this admin was working on the gse plan as early as April before the election
-plan or plans must be done

I really thought first 100 days the plan was going to be announced

Why wait? I don’t see why

There seems to have been the Pulte campaign to publicly assure the gse’s are safe and sound and great companies

did the senators cause the silence??

Did Pulte get the Otting stop talking and doing?

Fight fire with fire-whatever the senators want do the opposite and stop them

News should come by July 4th hopefully
Definitely by Labor Day or early fall

Waiting is giving the anti gse crowd more power as we get closer to mid terms

Another war
Taxes
Tariffs

Not helping

If you want to win mid terms
Housing fixes are a great way to get votes!!

Go FnF

1 and done

With so many big institutions owning F and F none of that will mater. We along with the big institutions will get great results.

Hopefully, we get some stress test news soon. That will move the pps if it is positive (which I believe it should be).

Leaks are better anyway.

...I doubt anyone is going care about shareholders if this gets relisted and released.

At this point, it is all but certain we will get some share dilution in an IPO style release of FnF.

It will be hard for the public to swallow, when many of us who have been in for the long haul can pull the trigger to sell and get an ungodly rate of return for owning shares we bought at 28 cents or less.

The only thing the public will care about is you pay your fair share of taxes on those profits... in reality the masses will think you need to pay more in taxes because somehow you got "too lucky"

He is addicted to social media. If he isn't posting then it is 100% because he was forced to stop. It was right around the time he received the Senators letters too I believe.

Watching Fannie Grow, is like watching corn grow. You don't really see it on a daily bases, but you remember planting a small kernel of corn in the spring. Fannie was about a dollar prior to the election last year, and we are likely gonna push past 10 dollars as soon as today, for a 10 x increase. We get frustrated as we see it go up and down on a daily basis. But look back at the bigger picture and you can see it too. We no longer hear about the rhetoric "commons have no standing, buy preferred BS any more". Nor do we hear the BS about "commons being diluted with the warrants" BS either.
Ackman explained it to us wise enough to listen that, in almost every scenario, the commons will outperform preferreds. It just made sense to me.

The so called "capital stack" is not relevant, because Fannie really never was near or at bankruptcy so there is little or no "preferred advantage" as the capital stack only applies in the event of liquidation, and they don't liquidate profitable companies.

But don't take my word for it, as Im a "nobody". Take the pro's who increased institutional holdings from like 29 to 40 mutual funds/institutions buying into Fannie. They always have information not available to us peons.

But, IM not complaining. Fannie is my second best performer in my portfolio over the past year, next only to PLTR.

It's because, yep, I made some mistakes cutting some Fannie shares at the wrong time. I bought many back at around $3.50. Gee that seems so long ago, but it was only about a few months ago, when Fannie was "a 3 year old", that is, a price from $3-4. We will see Fannie mature to a teenager (PPS of $13-19) and soon onto adult hood's $20-$50.
Im looking forward to seeing the twins "take back their rightful place" as the owner of about 2/3 of America's mortgages should have with a price per share in triple digits. Pulte admits Fannie is worth trillions, not chicken feed like it is now.

and still the stockholders not mentioned after a complete mugging by UST.

There's been quite a few comments about Pulte not posting on Twitter / X as of recent. His last post was June 4th, and the guy is typically posting multiple times a day. He can't help himself. Definitely seems like something is brewing. Its reminiscent of when he went silent during his senate hearing for FHFA director. After confirmation, he got back on X posting tons. I don't often speculate, but I do find it interesting. Maybe we get something soon.

Fannie & Freddie may go public. If Fannie Mae and Freddie Mac are released from federal conservatorship via a public stock offering, the proceeds should be invested in housing for middle-class U.S. workers, a coalition of labor leaders and congressional lawmakers declared Thursday during a rally at the House Triangle on Capitol Hill.

Proceeds should benefit the middle class, lawmakers say

Labor leaders join a bipartisan group of U.S. reps at a Capitol Hill rally

Luke Baynes - June 12, 2025

If Fannie Mae and Freddie Mac are released from federal conservatorship via a public stock offering, the proceeds should be invested in housing for middle-class U.S. workers, a coalition of labor leaders and congressional lawmakers declared Thursday during a rally at the House Triangle on Capitol Hill.

The event, organized by the nonprofit group Housing for US, featured speeches from a bipartisan group of U.S. representatives from New York and Wisconsin. The lawmakers were united by a shared desire to see working-class families benefit from a federal windfall resulting from selling shares of Fannie and Freddie.

The government-sponsored mortgage giants have been under federal control since the 2008 financial crisis. President Donald Trump has floated the idea of releasing the companies from that status, saying in a May 21 social media post that they are “throwing off a lot of CASH, and the time would seem to be right” to take them public again.

According to Housing for US, the projected federal proceeds from that process would be $250 billion. The nonprofit argues that those funds should be used to establish a program that makes affordable housing construction economically viable for developers. Housing for US projects that the program could yield 3.5 million housing units that would be earmarked for households earning between 80% and 165% of the median income in a designated geographic area.

“Housing is the No. 1 issue for union workers in red states and blue states alike,” Gary LaBarbera, president of the Building and Construction Trades Council of Greater New York, said at the event, according to a press release. “The rent is too high, and so is the cost of homeownership. We have a once-in-a-lifetime opportunity to responsibly release Fannie and Freddie and invest the $250 billion the federal government will reap back into America’s forgotten middle class.”

Rep. Tom Suozzi, D-N.Y., noted that homeownership is “out of reach for many hardworking Americans.” He said that reinvesting the federal proceeds from a Fannie and Freddie stock offering in a housing program would serve the dual function of addressing the country’s affordable housing crisis and creating jobs.

Rep. Nicole Malliotakis, R-N.Y. said that many middle-class workers “find themselves in limbo because they don’t make enough to afford [the] market rate but make too much to qualify for affordable housing.”

“This is an opportunity to deliver critical assistance to hard-working Americans by giving them the ability to buy homes built with American labor,” Malliotakis said.

You can't even get your steaks right, Glen! LOL. A tomahawk is just a bone-in ribeye. They actually used to be cheaper at the butcher than regular ribeye, but restaurants started putting them on the plates because they looked fancy. All SHOW! Kinda like preferred shares. For the ultimate (ribeye) experience, you want Wagyu. I suggest Japanese A5 Wagyu. Seriously though, if you are a ribeye man, get one. But please let a professional chef prepare it for you. Judging from your posts, I question your cooking skills. Also, you should consider moving all your money to FNMA commons as they too will outperform long term. GLTA

Here we come 3.5% minimum

for those that do not know Morgan Stanley....

The IPO for Chime (yesterday) was led by Morgan Stanley, Goldman Sachs, and J.P. Morgan. These firms served as the lead underwriters for the offering, managing the process from preparing the prospectus to pricing the shares.

Added additional information. The number of Mutual funds owning FNMA jumped from 29 to 40. I suspect the majority are all owned by Morgan Stanley US.

I suspect we are starting to see who was buying between March and the end of May based on the data I am seeing in the assets held within the funds. Some of the funds are now masking the data and limiting what you can see. Example: one fund now only shows their top 10 holdings by value. Morgan Stanley funds have been purchasing FNMA but to just below 1% of the total portfolio's value. The fund may own 30 stocks, etc but are now only showing the top 10 by value.

Im not sure if this is on purpose or not, but I can no longer peer as deep into the data. I can only interpret this to mean they are masking what they are actively purchasing to keep competition to a minimum.

Wow. That is a 100 million dollar investment

UPDATE: Number of shares of outstanding shares held by institutional investors increased yesterday as reported via the CNBC website from 241.8M to 252.3M.

Morgan Stanley US increased its position through several mutual funds from 14.6M shares to 25.4M shares bringing its stake in FNMA to 2.2% of the shares outstanding.

Institutional ownership in FNMA increased from 21% to 22% of the shares outstanding per the CNBC website.