Fannie Mae (QB) (FNMAJ) 銘柄情報

Fannie Mae - All the Way Way Way

Freddie Mac - Load Up and Don't Look Back Back Back

lol. the firm raised from $3 to $4. who the hell they are. tell them i have raised it from $0.40 to $2100 almost a year ago and they can take a hike. $250 first stop, then 9X from it to $2100 and then 1.5x to $3000.

Too late. I already passed out.

"Scott “I'll end the conservatorships, work with Ackman on it and cancel the SPS” Bessent is now Treasury Secretary. Holy moly!"

Do Not Hold Your Breath. I repeat Do Not Holf Your Breath!

bob broeksmit is an idiot. explicit guarantee aka moral hazard. why should govt be remotely responsible for irresponsible lending? are we that stupid of a nation? also jan 2, 2025 fhfa amendment puts treasury the sole in charge and congress has nothing to do with it. they are getting nervous?

Yeah, that was a bit weird.
Maybe these clowns aren't the experts they would have us believe they are.

Bob Broeksmit outlines MBA priorities under Trump administration
https://www.housingwire.com/articles/bob-broeksmit-outlines-mba-priorities-under-trump-administration/
snippet:

Broeksmit said the MBA identified four overarching principles it believes should frame the release of Fannie and Freddie:

An explicit backstop. “Without it, global investors’ confidence buying, holding and selling GSE mortgage-backed securities could be jeopardized, which would greatly impact liquidity in the market and drive rates up even higher than they are today.”
A level playing field. FHFA must ensure “that pricing and underwriting does not vary for a lender based on size, business model or charter.”
The bright line between primary and secondary market functions. This must be “clearly defined and rigorously enforced by FHFA.”
Regulatory enhancements at FHFA. FHFA should be granted “the necessary powers and responsibilities to regulate the GSE rate of return and market conduct, often viewed as utility style authorities.

“We are ready to work with the Trump administration and members of the 119th Congress, launching a new era of home finance — one in which the GSEs are no longer in conservatorship, but one in which the American housing finance system remains the envy of the world,” Broeksmit said.

Big Gun Traders' Speciality is
Underperforming Stocks...they
pack 'em in like Sardines

Thought it was funny an analyst thought Freddie was worth 50 cents more than fannie. No reasoning given of course.

By the way, folks,

Why would Senator Warren even ask such a question about whether the Trump admin should bar release profiteers from the decision-making process?
Because she knows it's already happening.

And what does Bessent respond? It's all within the law. 😎 (in plain English: f u)

Millions of old Americans have bought these stocks and depended upon the dividend for everyday expenses. The release will help them as well. FNMA and FMCC allowed to trade these stocks dirt cheap and now have a judgement against them for allowing NWS. There is no conflict of interest just because some smart shareholder is guiding not so smart goverment official.

"Downgraded to underperform".
Story of our lives.

Good Karma Contribution. Join me in dedicating 100 shares toward the DJT Mt Rushmore Memorial Fund.
The more we are treated fairly the greater the contribution to getting our rock star POTUS etched in granite forever!

https://thehill.com/homenews/media/5109249-trump-fox-news-mount-rushmore/

He will have to say that answer though to get confirmed. Don't have a choice to show the bird to the folks who has to approve his selection

I see no conflict of interest in Bessent seeking input from Ackman or Paulson in his decision making. Because the decision is Bessent's, entirely within the law. This answer to this question is a crystal clear statement.

But we can ask kthomp about this. He knows a lot about such issues. 😊

I agree with the questions and his responses. Just disagree that Ackman will be one of the parties, conflict of interest with a hedge fund manager that could make millions

Hi jog49,

I Hold My Shares. I repeat: I.Hold.My.Shares! 💯

GLTY 👍️

Of course I think so, Clark,

that's what Bessent said. Well, he didn't explicitly mention Ackman. But look for yourself:

„ Question 71: Should the Trump Administration bar any individuals or entities who would financially profit from the end of Fannie and Freddie’s conservatorships from discussions and decision-making about potential release?
Answer: If confirmed, I look forward to hearing from a wide and diverse range of interested parties in seeking the best path for Fannie Mae and Freddie Mac in compliance with applicable law as set by Congress.“
https://www.finance.senate.gov/imo/media/doc/responses_to_questions_for_the_record_to_scott_bessent.pdf

3.50 near you soon! Same old broken record every fkn time somebody farts! 10 by Friday has gone to 10 within the next 10 yrs! But nice run up for the short haul! Back down they go.

Exactly, Nats,

Pulte's hearing will be all about the GSE's. And Pulte won't go out on a limb and make vague announcements to get him confirmed. He will most certainly be asked about working with Congress. Bessent has already given a foretaste of what Pulte can say:

„Question 69: If you decide to end the conservatorships of Fannie and Freddie, will you seek to do so through administrative action or through legislation by Congress? In your view, what conditions must be met before ending the conservatorships? Are there any congressional actionsthat must take place to end the conservatorships?
Answer: If confirmed, I look forward to exploring all options available and being briefed by Treasury staff and all interested parties on the status of Fannie Mae and Freddie Mac, and if confirmed I will commit to acting in a manner that is thorough and thoughtful, and consistent with the law. If any legislative changes are warranted, I commit to working collaboratively with Congress in this process.“

"Scott “I'll end the conservatorships, work with Ackman on it and cancel the SPS” Bessent is now Treasury Secretary. Holy moly!"


Do Not Hold Your Breath. I repeat Do Not Holf Your Breath!

All just wishful thinking. You cannot really believe he will be working with Ackman on release. Pure fantasy land.

Thanks Fully Diluted. Bessent handled himself very well in the Hearings. And I don't think anyone else is going to get such an overwhelmingly favorable vote.
Pulte will have a much harder time as I imagine they will be laser-focused on the fate of the GSEs. That's when we will get a lot more clarity of the administration's intentions. What we don't want to hear from him is that they would welcome Congresses involvement in the release. We will see.

Nats

Number one on-the-list-is complete - release by 2026
1. Scott Bessent confirmation - Confirmation complete.
2. Financial results
3. New FHFA director
4. Then all concerned parties will have the gag order lifted and will be able to discuss FNMA and FMCC exiting conservatorship.

Lets get 'er Done !

Nice down trend! Lower lows and lower highs!

Let's hope for the best, GseHeist,

I'm feeling very positive after all I've read since Trump's election. I would have to be sorely mistaken if F+F are not released from conservatorships. What's in it for us shareholders remains to be seen.

Catman was not the problem in my opinion. After Biden's election he wanted to release F+F by consent decree. But Mnuchin was the snake. Of course I didn't like some of the things Calabria did: the level of capital requirements, the credit risk transfers and a few other things. But he wanted to get Fannie out of conservatorship, no question. Otherwise you wouldn't work out a consent decree release plan.

If any of you haven’t seen this twenty minute video you should. Forgotten History Biden part 2. Very informative!

There are two ways that shareholders (even the juniors) can actually get totally wiped out: Congress and receivership. Receivership is in nobody's best interests, so keeping Congress as far away from recap/release as possible is of paramount importance.


I was just thinking of Congressional involvement in terms of delay. But there is no reason that they could not just wipe us out. I can see it now - HERA 2.0:

DIVISION A—HOUSING FINANCE
REFORM
SEC. 1001. SHORT TITLE.
This division may be cited as the ‘‘GSE Stockholder Elimination Act of 2025".
SEC. 1002. DEFINITIONS.
(a) FEDERAL SAFETY AND SOUNDNESS ACT DEFINITIONS.—Section 1303 of the Federal Housing Enterprises Financial Safety
and Soundness Act of 1992 (12 U.S.C. 4502) is amended—
(1) by striking "Shareholder" each place that term appears

And that would be it. History.

Nats

Shares of Fannie Mae FNMA-4.88%
and Freddie Mac FMCC-3.06% fell Monday after Keefe, Bruyette & Woods analysts downgraded the stocks to Underperform. Here's a look at the latest developments for the mortgage giants.

What To Know: The Keefe, Bruyette & Woods analysts, led by Tommy McJoynt, said that though the odds of a privatization attempt have grown lately, they see "considerable risk" to the stocks at their current levels. Shares of Fannie Mae and Freddie Mac are up 333% and 343%, respectively, since the day before the election of President Donald Trump.

The analysts increased the probability of the senior preferred shares being forgiven to 10% from 5%, but said they see a failed attempt at privatization or a successful privatization with dilution of senior preferred shares to common as more likely outcomes.

However, the firm did raise the price target for Fannie Mae from $3 to $4 and raised Freddie Mac from $4 to $4.50 based on the higher probability of forgiveness of the senior preferred shares.

What Else: Trump recently announced plans to nominate private equity CEO Bill Pulte as director of the Federal Housing Finance Agency (FHFA), which is expected to oversee efforts to return Fannie Mae and Freddie Mac to the private sector, according to Reuters.

FNMA, FMCC Price Action: According to Benzinga Pro, Fannie Mae shares closed Monday down 4.88% at $5.46 and Freddie Mac shares closed down 3.25% at $5.06.

Hi Nats,

Sorry I didn't reply to you a few days ago. But I wanted to get this off my chest: Your statement that Bessent's written responses were for sure scripted by his Transition Team staff, signaling the official policy of the administration, is a very interesting point. Even though it's obvious, it doesn't immediately come to mind.. 👍️

Hope Bessent can deliver two babies (Fanny and Freddy) soon, hope is partner is not Munchkin or Catman hiding in the closet to take us for another 15 year ride.

Scott Bessent is now Treasury Sec !

68 - 29 easily confirmed

Time To Load Up
Fannie Mae, Freddie Mac Stock A 'Considerable Risk,' Say Analysts Who Downgrade Both To Underperform
https://www.benzinga.com/analyst-ratings/downgrades/25/01/43255575/fannie-mae-freddie-mac-stock-a-considerable-risk-say-analysts-who-downgrade-both-to-underperform

he was told by Treasury that a senior pref writedown would be illegal. I surmise that Treasury was advised by DOJ on this matter and thus that opinion likely originated with the DOJ. Given what you know about the DOJ, do you think this is a reasonable inference? And would it being correct have any bearing on the likelihood we should assign to a senior pref writedown?

My guess would be that he was never given any formal opinion as he did not cite anything in writing (I have not read the book) - so its possible that it may have been some off-the-cuff remark from Treasury OGC. I doubt that it originated from DOJ but it could have. But so many people have discussed the possibility of a write off or writedown that I think if it was true that they could not do this - it would have come up by now. Of course us stockholders wouldn't see the humor in it if it were illegal to trash the seniors.

I was as blindsided as anyone at the Supreme Court overturning the Fifth Circuit en banc panel's finding that the NWS was ultra vires..

Yeah - 6 Libertarians and 3 Liberals - would could go wrong? And no one hates the GSEs more than the Libertarians. That's when the light bulb went off - this has little to do with the law, and certainly nothing to do with the facts.

This is why I find constant accusations of illegality on the part of FHFA and Treasury to be at best useless and at worst counterproductive.

Politics will rule the day when it comes to resolving the conservatorships, and shareholders coming across as entitled can't possibly be a good thing.

Right - every time someone accuses the FHFA or Treasury of doing something illegal I always have the urge to respond with something like - "So what!" or "And your point is...?" And we saw what happened last Friday to the IGs without the required notice to Congress - law? what law? (And he did not fire the worst of the lot!! - now that's criminal). And yes, I still say that writing your Congressperson to demand the release of the GSEs is only making us look like a bunch of greedy folks that are stooges for the hedge funds (that may describe me, but I don't think the rest want to come across like that). You want Congressional involvement?? They will be glad to accommodate us - HERA 2.0 and another 16 year wait.

Nats

Now11 days above $5
FNMA
Date - PPS - Volume
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

Love the alliteration. But let’s save Calamity for the one and only Calamity Jane. Calabria isn’t fit to shine her spurs.

I know her. In 2014 she said this:
„ Next week, I will be discussing a proposal … to reform the GSEs… The proposal will also end the perverse incentives created by Fannie Mae and Freddie Mac's ownership structure of private shareholders.“
https://waters.house.gov/media-center/press-releases/waters-statement-gse-repayment-taxpayer-funds

Not my best girlie 🥴

Hi Rick,

Hi Rick(just 4u 😉)
This man knows perfectly well what to do. 👍️

yup lo IQ, hates GSEs, hates shareholders, hates whites, hates wealthy, hates herself most likely.

Is she the congresswoman with the „very low IQ“? Not sure... 😂

"Today, Americans face significant challenges in an economy that has not created enough opportunities for working men and women," Bessent said, pointing to an affordability crisis and housing shortage.

Maxine didnt applaud it, she is pouting? most likely, what a Beast.

Freddie Mac's mortgage portfolio gains 4.8%

in Dec. accelerating from Nov. rise

Jan. 27, 2025


Home page Seeking Alpha - Power to Investors
Freddie Mac's mortgage portfolio gains 4.8% in Dec., accelerating from Nov. rise

Jan. 27, 2025 4:56

Freddie Mac's (OTCQB:FMCC) total mortgage portfolio rose at an annualized rate of 4.8% to $3.58T in December, it disclosed on Monday, accelerating from November's 2.4% increase.

The aggregate unpaid principal balance of Freddie's (OTCQB:FMCC) mortgage-related investments portfolio increased by about $8.7B last month.

Mortgage-related securities and other mortgage-related guarantees increased at an annualized rate of 2.0% in December.

Single-family delinquency rate rose to 0.59% in December from 0.56% in the previous month, while the multifamily delinquency rate inched down to 0.40% from 0.41% over the same period.

Single-family refinance-loan purchase and guarantee volume was $7.1B in December, representing 23% of total single-family mortgage portfolio purchases and issuances.

Freddie (OTCQB:FMCC) shares edged up 0.2% in after-hours trading.

Pulte needs to go through the Senate Banking Committee similar to ThrowAway Thompson and Calamity Calamari Calabria.

Scott “I'll end the conservatorships, work with Ackman on it and cancel the SPS” Bessent is now Treasury Secretary. Holy moly! 🤪
https://www.cbsnews.com/news/scott-bessent-treasury-secretary-confirmation-vote/

when is this happening?

Landslide victory.  Tomorrow we print some green.

It wont be shut down.. but prob crippled.

If I thought someone else's forecast was more reasonable than mine, I would change my own to match it.

This assumes you are capable of matching someone else's methods, and not stuck in your ways. I'm not sure I agree with that assumption, but I'll give you the benefit of the doubt.

My reputation here is one of being (much) more bearish on the commons than the general consensus, which is such a threat to the status game here that all sorts of personal attacks ensued. Imagine how a round-earther is treated on a flat-earther message board.

I don't use my first signature line to "artificially block the argument", as evidenced by my back-and-forth with you

I stand by my statement - the perception is that you use your "shut up or file a lawsuit" as a weapon to shut down competing arguments. May not be your intent, but that is the impact as felt by posters here. You can claim that I'm mischaracterizing you, but if that's how people take your comment, that's how it's taken. I backed my position with survey data, and your own admission that you are aware of your negative perception. So where is your data to show otherwise?

LOL! Not quick enough!