Fannie Mae (QB) (FNMA) ニュース

Last seen heading south . (FNMA)
PPS. 
Forecast : 
Monday $5.45
Tuesday $ 5.09
Wednesday $ 4.95
Thursday $ 5.01
Friday $ 4.72

pot / kettle

I looked at your posts from years ago. Cliff Notes: You think you know everything. You need to step away from the keyboard, Rambo.

Nice post. However, the last thing anyone wants at this point and the greatest danger to our shares is to hve Congress get involved, the law of unintended consequences ensures that Congress involvement with FNF will screw us all over with the stroke of a pen. 

They both lost and I was pulling for both!! Lol

How much do you need to change your life?

Good post VancMike but yeah, I would dumb it down a bit like Ackman's presentation. Utilize core bullet points with footnotes. An example would be where you mentioned SPSPA and Calabria. This would be more catchy and easier to read for the uniformed.



Furthermore, the Senior Preferred Stock Purchase Agreement (SPSPA), which imposes a commitment fee on Fannie and Freddie, is illegal under federal law. As Mark Calabria has pointed out, the Treasury’s actions in this regard—charging a commitment fee—violate federal statutes, and the Treasury owes Fannie Mae and Freddie Mac the overage payments, with compounded interest.

You know what happens in exactly 12 hours?
I'm gettin' Skeeerd outta my Breeetches

Next to inadvertently moving a decimal point

substituting a period for a comma is the smallest typographical error possible. Perhaps not an error at all - wouldn't want the investing public to know that the insiders are scarfing up FNMA and FMCC commons, that might drive up the price.

Yep; I've known him for more than 20 years, and he always has a refreshing angle to his writing and lots of facts to support his opinions.

Hey, some like me are retired. You may be wound a little to "tight", Mr. TightCoil.
Be patient. When conservatorship is over, and re-list is done, the twins will rocket.

Excellent letter; look forward to seeing any responses.
BTW, for some of your recipients, you'll have to explain to them what a "GSE" is and then, have to spot them a "G" and an "S" for them to spell is correctly.

Another great thread by Fiderer:

https://x.com/ny1david/status/1883637913377997053?s=46&t=2Y42DPZFgRdwTBHj5W8jMQ

The continued existence of these conservatorships is not only an economic injustice but a political one. The Secretary of the Treasury and FHFA have no authority to rewrite laws or make changes to federal statutes. Only Congress has that power, and it is time to use it. We ask that you take immediate action to direct FHFA to acknowledge that the loan has been repaid and that the Senior Preferred Stock Agreement and its associated terms should be eliminated.

By ending the conservatorship, Congress can restore Fannie Mae and Freddie Mac to their original role in serving the mortgage markets and the American people. This action will eliminate the legal entanglements that have undermined these institutions and allow them to operate as private companies under appropriate oversight.

We, as ordinary citizens, seek your help in ensuring justice for Fannie Mae and Freddie Mac, which will ultimately benefit the broader American economy and the housing market.

Thanks Vancmike - Its a great letter and a lot of work and time is evident in its careful crafting. So I write this comment with thanks and a lot of respect for the effort.
However, and maybe I am the only one that feels this way, but this letter implies, if not outright says, that only Congress can end the conservatorship, and/or eliminate the seniors. And I guarantee you, some ignorant staffer is going to read it that way and, if it communicated up the chain, that's the message that will go forward. .

In addition, to lend some credibility to your position, you need to disclose that you are a stockholder (unless you are not). They know you are not sending a letter out of a sense of intense patriotism.

Thanks again Vancmike

Nats

FOFreddie
Re: nagoya1 post# 814719
Sunday, January 26, 2025 4:32:39 PM
Post# 814734 of 814742
Sorry about your wife's poor experience in Japan but I have nothing but great respect and appreciation of the courtesy of the Japanese people as a whole. I would imagine some foreign tourists want to judge all Americans due to poor experience with some bad apples in NYC.

Rubbish, my wife just came back from Japan, she won'rt go there again. Japanese people treats vistors very poorly.

You're absolutely right. These people get texts, emails, letters and phone calls all day long. If yours is not right to the point, they're not going to read it.

Fannie and Freddie: Dividends Cannot Be Used Without Congress Approval

Since 2016, all government expenditures, including dividends payments from Fannie Mae and Freddie Mac can no longer be used for political projects without Congressional approval. A court ruled that all federal expenditures – including those from dividends – must be authorized by Congress. Previously, billions of dollars were directed toward projects like Obamacare without such approval. As the ruling was not retroactive, those expenditures remained untouched.

Republicans tend for the release of Fannie and Freddie without "Senior Preferred Stock" using only warrants, as this would provide the greatest financial returns to the government. For the Trump administration, the only way to capitalize on Fannie and Freddie without involving Congress is through the direct release of the companies. Even after their release, it would no longer be possible to divert their dividends to federal programs without Congressional approval.

The warrants, which give the government certain rights to future stock profits, expire on September 7, 2028. What is the alternative to the release?

It is important to note that both the warrants and SPS are considered illegal, though this article does not question the legal implications of these agreements.

$10 in february!

https://x.com/dunavantsh58880/status/1883525035820024186?s=46&t=2Y42DPZFgRdwTBHj5W8jMQ

Or because they are too Skeered like you LOL !!

If it is more than one page it will not be read. It also needs to be direct and to the point.

47 will decide and Bessent and Pulte will make it happen.

I will be happy to sign. Let me know.

Sorry about your wife's poor experience in Japan but I have nothing but great respect and appreciation of the courtesy of the Japanese people as a whole. I would imagine some foreign tourists want to judge all Americans due to poor experience with some bad apples in NYC.

Vancmike,
This letter is very well written. You have nailed the issues with the GSEs (Fannie and Freddie) being in conservatorship way too long. I do not think we need hundreds of letters from all of us to describe the same issues to Congress in our own words. This letter you have written here is good enough. You should just get all the shareholders to vote/sign this letter to support and allow it to be the the speaking point to congress to encourage them to free the GSEs (Fannie and Freddie) from Conservatorship. Keeping it simple and small works a lot better then expecting Congressional leaders to spend days and hours reading all our letters that at the end of the day say the same thing. If we flood them with so many letters, they will put the whole matter on the back burner to be reviewed in 2026 or later. Not a way to get things done in 2025.
If I were you I would try to get people here to sign your letter and let it be our speaking point to Congress.
Best of Luck and Thank You for doing this.
SM

Housing market rewind: Home sales drop in 2024 to level not seen since the '90s
https://www.usatoday.com/story/money/personalfinance/real-estate/2025/01/24/home-sales-2024-dip-housing-market-impact/77931124007/

Attached is my final version letter to senators and congress people on financial committees. Thanks to Rodney5. I attached his 10 page letter providing history and background. Hopefully their staff members will forward up to each member after review. I encourage each of you to write a letter also, voicing your concerns. Maybe we'll get someone to carry our flag.

To: Honorable Members of the Senate Subcommittee on Housing, Transportation, and Community Development (Republican Members)

Senator Tim Scott (R-SC) Senator Katie Britt (R-AL), Chair Senator Mike Crapo (R-ID)
Senator Mike Rounds (R-SD) Senator Kevin Cramer (R-ND) Senator Bernie Moreno (R-OH)
Senator Dave McCormick (R-PA)

To: Honorable Members of the U.S. House of Representatives – Financial Services Committee (Republican Members)

Chairman French Hill (R-AR) Rep. Frank D. Lucas (R-OK) Rep. Pete Sessions (R-TX)
Rep. Bill Huizenga (R-MI) Rep. Ann Wagner (R-MO) Rep. Andy Barr (R-KY)
Rep. Roger Williams (R-TX) Rep. Tom Emmer (R-MN) Rep. Barry Loudermilk (R-GA)
Rep. Warren Davidson (R-OH) Rep. John Rose (R-TN) Rep. Bryan Steil (R-WI)
Rep. William Timmons (R-SC) Rep. Marlin Stutzman (R-IN) Rep. Ralph Norman (R-SC)
Rep. Dan Meuser (R-PA) Rep. Young Kim (R-CA) Rep. Byron Donalds (R-FL)
Rep. Andrew Garbarino (R-NY) Rep. Scott Fitzgerald (R-WI) Rep. Mike Flood (R-NE)
Rep. Mike Lawler (R-NY) Rep. Monica De La Cruz (R-TX) Rep. Andy Ogles (R-TN)
Rep. Zach Nunn (R-IA) Rep. Lisa McClain (R-MI) Rep. Maria Salazar (R-FL)
Rep. Troy Downing (R-MT) Rep. Mike Haridopolos (R-FL) Rep. Tim Moore (R-NC)

Subject: End the Conservatorship of Fannie Mae (FNMA) and Freddie Mac (FMCC)

Dear Honorable Senators and Members of Congress,

On January 23, 2025, Mark Calabria, former Director of the Federal Housing Finance Agency (FHFA), stated on X (formerly Twitter), "One of the more disappointing aspects of Fannie/Freddie conservatorships is the degree to which so many DC insiders believe agencies outright ignoring the law is a completely normal and fine outcome."

As a nation founded on the rule of law, I request you to address how the Intent and Spirit of the Housing and Economic Recovery Act of 2008 (HERA) has been misrepresented and violated due to one critical word in the legislation. The law was written with "may" rather than "shall", creating room for bureaucrats and unscrupulous actors to interpret it as optional. This misinterpretation has led to ongoing abuses of power, causing anger among the American people and leading to numerous lawsuits. Unfortunately, due to the phrasing of "may," the courts have been unable to intervene effectively.

HERA 2008 was designed to stabilize the real estate mortgage markets. Yet, Treasury’s actions—including the forced loan to Fannie Mae and Freddie Mac and the imposition of the "Net Worth Sweep" (NWS) in 2012—demonstrate a clear violation of the law’s Intent and Spirit meaning. The loan, carrying 10% interest and nearly 80% in warrants for Treasury, was intended to help Fannie and Freddie manage toxic mortgages from "too big to fail" banks. Yet, despite repaying $141 billion on a $191 billion loan, the terms of the Net Worth Sweep ensured that Fannie and Freddie would never be able to exit conservatorship.

The NWS, which extracted over $301 billion dollars from Fannie Mae and Freddie Mac, was a blatant case of self-dealing that enriched the Treasury Department at the expense of the GSEs. Fannie and Freddie should have been able to pay off the loan by 2015, but instead, their profits were siphoned off through excessive and unjustified dividend payments. This is in direct violation of HERA’s provisions restricting capital distributions during conservatorship.

Furthermore, the Senior Preferred Stock Purchase Agreement (SPSPA), which imposes a commitment fee on Fannie and Freddie, is illegal under federal law. As Mark Calabria has pointed out, the Treasury’s actions in this regard—charging a commitment fee—violate federal statutes, and the Treasury owes Fannie Mae and Freddie Mac the overage payments, with compounded interest.

It is well past time to end the conservatorship of Fannie Mae and Freddie Mac. These institutions have proven their financial strength, as evidenced by their performance in Dodd-Frank stress tests and their ability to generate $30 billion annually. They pay more in income taxes than many Fortune 500 companies, yet they remain trapped under an illegal and unjust conservatorship that benefits bureaucrats and Treasury officials rather than the American public.

The continued existence of these conservatorships is not only an economic injustice but a political one. The Secretary of the Treasury and FHFA have no authority to rewrite laws or make changes to federal statutes. Only Congress has that power, and it is time to use it. We ask that you take immediate action to direct FHFA to acknowledge that the loan has been repaid and that the Senior Preferred Stock Agreement and its associated terms should be eliminated.

By ending the conservatorship, Congress can restore Fannie Mae and Freddie Mac to their original role in serving the mortgage markets and the American people. This action will eliminate the legal entanglements that have undermined these institutions and allow them to operate as private companies under appropriate oversight.

We, as ordinary citizens, seek your help in ensuring justice for Fannie Mae and Freddie Mac, which will ultimately benefit the broader American economy and the housing market.

Thank you for your attention to this critical matter.

Sincerely,


PS: Attached is a letter previously sent by another party providing background and history

Don't any of you have jobs? Maybe the reason we dropped from $7.50
to $5.73 is because everyone is just sitting around on the internet,
on messageboards ALL DAY LONG. Maybe our pps would get back
up there if everyone would quit posting and GET A JOB, a job where you're
not sitting in front of a compute ALL DAY LONG, DAY AFTER DAY,
Week after week, month after month, year after year.

He may be right
Congress has lost all its nerve and power -- ceding just about everything to ANY POTUS

DJT does not care about sales tax and other GOV entities

But yes DJT should make profit on the options that were suggested --- that the GOV would make money DIRECTLY on by selling them

My question then -- was --- why would the GOV make more money with options than the warrants unless the GOV got MORE options then they have warrants ----- which means we (current holders of common) are diluted more by the options then by the warrants

both the poster and myself - I think are in agreement the MAJOR dilution of common is from the potential to USE the LP/Senior Paper to say buy common shares at say 6 dollars which then is 30B shares v the 4B with warrants and the ????? from the suggested substitution of options for warrants

In most cases nope

I raised the question as we - here at IH - keep posting about these nominees as if they are the bottom line when they are not

Good health to all

For those who have been wronged and betrayed, I am your retribution," the 47th POTUS promised supporters on the campaign trail. I went through four years of hell by this scum we had to deal with," Trump told Fox News' Sean Hannity when asked if the attorney general should investigate his enemies. "It's really hard to say they shouldn't have to go through it also. I also hope the 47th POTUS investigates ST for the roles in FHFA behind the continued defense of the broken, lawless run by sleepy crooks government and the cooks in the DC judge, with many excuses here and there to keep F&F in Cship instead of returning back to F&F SH. Fck all the m fckers. The Crooks J6 committee, Pauci, Miley, and Pompeo finally revoke federal protection pay by taxpayers. Crooks need hiring private security to protect them. Those crooks made tons of money instead of the real honest F&F SH, their hardworking $$$, all tied up with bogus Cship by crooks-run gov in 16 years. Can you imagine how much interest and compensation F&F SH deserve for each SP held until now? The answer is at least same level of Amazon or JPM SP. 200 billions for war in Ukraine aids causing many human life lost and beautiful cities been destroyed with the taxpayers $$$ and continue put F&F in Cship fck all the m fckers abuse the power. Again, thank you 47th POTUS second term will lead F&F out of Cship and the new era begin for F&F SH for all.

https://www.axios.com/2025/01/23/trump-revenge-tour-biden-january6

https://www.politico.com/live-updates/2025/01/20/donald-trump-inauguration-day-news-updates-analysis/trump-repeals-transgender-troops-rule-00199577

Both I presume!

Is it intraday traders or shorties that have been the main drivers of FNMA's price movements from $7 to $5.7 for the past week?

Fight Back! Fight Fight Fight to Make It Right
Fight to Right the Wrongs Done to Shareholders
Fight to Re-List
Fight for Release
Fight for Reparations
Fight Fight Fight Back

Fortunately, Trump was aware of it and refused to give them the jobs for the second time, even though MNUCHIN AND CATMAN showed their interest.

Amazing amount of wasted taxpayer money, 700 loafers. Oh that’s right it’s stolen money from GSEs that will require future retrieval

As the former Fannie Mae chief lobbyist, who worked more with former Senate staffer French Hill--now Chairman of the House Financial Services Committee--than any company executive, Hill never was a fan of the GSEs--quite the contrary--and part of me doubts he has become one in the past 20 years.
Political talk is cheap, but actions do speak louder than words.
See the letter from Hill's Senate counterpart to the soon to leave her job Ms. Thompson, to know there still are GSE critics in DC and what some of their specious arguments are to ending federal Conservatorship.
And suggest to Chairman Hill that he might ask what more than 700 FHFA employees do daily (besides work from home), overseeing two mortgage guarantors with much smaller portfolios and business operations, which have been trussed in Conservatorship for the past 16 years?

Really, where'd she go and how was she treated poorly. Japanese treating visitors poorly, hmmm. Don't hear that often. Must have been something cultural, when in Rome do as the Romans applies 100%. I've seen my share of dumbasses in Japan and the Japanese remained curteous. I, on the other hand, have 0 problem of dishing it back twofold to the moron tourists when I have the opportunity to mention their boorish behavior. I've gotten calls from my wife's extended family or friends to explain to their foreign patron expected behavior, rules,..the dumbass behavior has gotten worse year after year.

Your wife can "go a" where ever she wants. Over 220 different countries to visit. One less visitor to Japan is fine with me.lol.

"While Tokyo is friendly to tourists, it's important you bring the same respect and kindness to the locals – because you are a guest. Read this cultural etiquette guide with Japan's dos and don'ts, to be the best tourist possible!"

Excellent.  This is enough to send us back to $7 Monday.

very interesting setup, firstly the letter from tim scott to thompson, then this 

You have a point.

House Financial Services Chair French Hill calls on White House

to TAKE the LEAD on RELEASING Fannie & Freddie !

“We absolutely have to have executive branch leadership,

and that's not a cop-out,” Hill said. “I mean, it's just something

that can't just be orchestrated by Congress.”

Releasing the companies, which together guarantee roughly

half the U.S. mortgage market, is “the biggest, most undone,

uncompleted task following the financial crisis of ‘08,” he said.

https://subscriber.politicopro.com/article/2025/01/hill-calls-on-white-house-00200508?site=pro&prod=alert&prodname=alertmail&linktype=article&source=email

ChatGPT responds to share purchase ...

https://x.com/arya__deniz/status/1883492809644077415?s=46

To add to the confusion:

So..... is it a comma or a decimal ?

Yet another desperate article..LOL

It's.not late. Still major upside left...

I was in South Goa for 4 months in 2012/13. It is nice as are the local people. The Russians I met there were mostly rude to the locals and there are plenty of them cause it's cheap.

I spent a year there. They are some of the nicest people I have ever met in my 61 years of life. Maybe it's just her.

Rubbish, my wife just came back from Japan, she won'rt go there again. Japanese people treats vistors very poorly.

I suggest “go a” to Japan, lol
Fnma

Gov't would make billions in taxes at all levels and all types if the canceled the warrants and deemed the sps paid off; because people like me and many others would have appreciated value they'd convert to cash, many pay income taxes, and then spend into the economy, generating sales taxes, personal property taxes, and all sorts of WINDFALLS ... to various government entities all over the country and world.

Now, that would be the win here. Sometimes you don't have to eviscerate people to let them know you are in charge.