And if he is found?

was this ever unsuspended? did they ever announce further action on the capital as they say below? it says they they are building capital but we have been reading they aren't and that capital belongs to treasury as nws 2.0 ? what am i missing? unfinished business? for a reason?

FHFA and Treasury Suspending Certain Portions of the 2021 Preferred Stock Purchase Agreements
"The Enterprises will continue to build capital under the continuing provisions of the PSPAs".
"Additionally, FHFA is reviewing the Enterprise Regulatory Capital Framework and expects to announce further action in the near future."

https://www.fhfa.gov/Media/PublicAffairs/Pages/FHFA-and-Treasury-Suspending-Certain-Portions-of-the-2021-Preferred-Stock-Purchase-Agreements.aspx

It absolutely baffles me that no one in restructuring from any of the major investment banks have had the common courtesy to let Tim Howard know how wrong he is about the capital raise.

"today introduced OTC Overnight, a new offering that will make OTC equity securities available for trading Sunday through Thursday between 8 PM and 4 AM eastern time"
when does this mania begin?

What a clown.

The share price isn't as important as % of equity ownership.
One $100 is equivalent to five $20 which is also equivalent to one hundred $1 bill.

and treasury can sell some of the warrants back to the companies for a nominal value. they paid like $0.001? sell it back for $0.01, that is 10x profit. lol..

Says who?

tim howard today
"Midas–I want to address your question: “If a capital raise in light of all [the negative actions against Fannie and Freddie that Treasury has taken in the past] would be possible without a senior-to-common exchange, why would it not be possible with one? I can’t understand why outside investors would consider all of the above to be okay, but would see a senior-to-common exchange (which doesn’t affect these investors at all) as the final straw.”
I’ll start by repeating that a capital raise by Fannie and Freddie ISN’T possible as long as Treasury’s senior preferred stock and liquidation preference remain on their books. So where we seem to be in disagreement is over whether the way in which Treasury eliminates the seniors and the liquidation preference will make a difference in the companies’ capital-raising ability (and stock price).
My analysis of this question starts with the facts we know: that Fannie has 5.867 billion of fully-diluted shares of common stock outstanding (assuming conversion of the warrants by Treasury), Freddie has 3.234 billion of fully-diluted shares of common outstanding, and that as of yesterday the companies’ weighted average common stock price was $1.53. Assuming sustainable combined annual earnings of $25 billion, Fannie and Freddie’s weighted average annual earnings per share are $2.75, making their current P/E ratio just 0.56, compared with about 25 times earnings for the average common stock in the S&P 500.
Why is Fannie and Freddie’s combined P/E so low? Almost certainly it’s because the only way existing (or new) common stockholders ever will get the rights to the companies’ earnings or assets is if Treasury cancels the net worth sweep (which will kick in again after Fannie and Freddie achieve full capitalization), redeems or cancels the senior preferred, and eliminates its liquidation preference. A 0.56 P/E on the companies’ $25 billion in annual earnings is the market telling us it thinks there is little chance of any of these things happening on terms favorable to common shareholders.
Treasury can change that, if it wishes. I agree with you that all of its past actions that were prejudicial against and unfair to Fannie and Freddie will have a long-lasting and possibly permanent impact on how high the companies’ P/E can be. But I also believe that how Treasury behaves toward Fannie and Freddie in the future can, and will, make a significant difference in how far above the current 0.56 times earnings, and towards the 25 times earnings multiple of the S&P 500, Fannie and Freddie’s P/E can go.
I don’t know what Treasury wants to do with, and about, Fannie and Freddie, and it’s possible that it doesn’t either. But I do think it’s true that the negative actions of prior Treasuries against the companies in the past–forcing FHFA to place them in conservatorship while still adequately capitalized, encouraging FHFA to maximize the amount of senior preferred they had to draw by loading up their income statements with anticipatory, estimated, or overly conservative non-cash expenses, then proposing the net worth sweep just as many of those non-cash charges were about to reverse and become income–were taken because Treasury (and the Financial Establishment) intended to replace the companies with some secondary market mechanism more to their liking. That’s no longer on the table. Virtually everyone now agrees that Fannie and Freddie have the best business model for the functions they were chartered to perform. For that reason, if Treasury does implicitly agree that its past actions with respect to the companies did not have the effect it had hoped for, and unwinds the most damaging elements of those activities (the net worth sweep, the seniors and the liquidation preference), I believe the market would be inclined to put a much higher value on Fannie and Freddie’s future earnings. If, on the other hand, Treasury converts the seniors to common, that would be an unmistakable affirmation that its prior anti-shareholder policies towards the companies have not changed at all, and in that instance I don’t know why their P/E would move any higher than it is now (indeed, it likely would move lower).
Again, I’m not predicting what Treasury will do, whether in this administration or a future one. But I am saying that if Treasury decides one of its objectives is to maximize the value of its current ownership in Fannie and Freddie (via conversion of the warrants), it should do so by canceling, rather than converting, the seniors."

Of course you don’t like Donald Trump. You obviously don’t like the low inflation, low gas prices, secure borders, lower crime rate, energy independence, peace in Ukraine and peace in Gaza we had with him in the White House. It’s perfectly understandable why you don’t like the man!

When DJT is found not guilty in NY, we will see a .15 - .20cent pop, then upwards from there.

Oh wow. No worries. We are next.

https://finance.yahoo.com/news/these-stocks-ripped-even-higher-than-gamestop-in-the-meme-rally-165649464.html

https://seekingalpha.com/pr/19728894-fannie-mae-announces-results-of-thirty-first-reperforming-loan-sale-transaction

i don't like either candidate but if one of them will at least partially right this wrong I'll take him.

While i'm at it; i hope freddie doesn't execute the 2nd mortgage move as it will only help J.B. by stimulating the economy. If the admin. releases the twins, sure do it but not until he/his admin. helps us.

only person that might fix this mess is leading the race to the WH. so hopefully we start a run soon to November. I think we can see Yuma and above by November.

IMO

I think you broke one of your own rules. As for the MMs - you can call them whatever you like, just no need to post it over and over again. this trade is frustrating enough without additional irritants.

It makes you ask yourself, how dumb am i ?

There are three rules of posting etiquette
1. if something is not nice, don’t post it.
2. if something is nice, post it.
3. if something you don’t like is posted, ignore it and move on to something helpful.

I think the sherwin-williams reference is
Very accurate for what the MM’s are
Doing to us. Maybe we should name them
The SW MM’s will be less irritating for you.

lol

There are three rules of comedy.
1. if something is funny, repeat it until it's not.
2. if something isn't funny, repeat it until it is.
3. if something isn't funny, repeat it until it is.

I think the sherwin-williams gag is well beyond #3

Find other companies on the Dow that have a lifetime c-ship with no chance of ending along with a rubber stamped net worth sweep memorialized by the supreme court in a 9-0 ruling and one that is mired in lawsuits they cannot possibly win due to the nature of the judiciary. I'll wait.

Dow closes at 40,000 and F&F are sucking air!

End of day Sherwin Williams strikes again.

it was 9-0. They are all complicit.

Based on what metric should this stock be above $1.60? Better, give some reasons to support how it's even sustaining these levels? There's literally nothing happening on any front to propel this stock.

Alito - since DAY ONE has looked to me like the kid who got beat up on the playground

and now hates the world and it comes out in his decisions - his revenge

little has been useful ---- some brought hope - and courts shut it down?

didn’t alito wrote the gse verdict, openly giving green light to allow the steal? the best revenge would be to ignore his verdict and let him know.
https://www.cnbc.com/2024/05/17/supreme-court-alito-trump-stop-the-steal-flag.html

Fairy represents the next designation to be used in progression LGBTQ+.....soon to come, LGBTQF+!

Why angel and not a fairy?

Oh wow. I’m looking forward to seeing $1.62 print right about now. Can someone help me out ? I’ll be your best friend. Besties forever. Cross my heart hope to die. Oh wow.

https://www.housingwire.com/articles/supreme-court-rejects-challenge-to-cfpb-funding-structure/

Besides, the EPS isn't calculated with Net Income, but the Net Income Attributable to Common Shareholders, after subtracting the compensation to Preferred Stocks, like dividends or today's SPS LP increased for free in the same amount as the Net Worth increase (Comprehensive Income), in the absence of dividends.
Thus, either the PER (TTM) is extremely high because FnF are posting almost $0 EPS, or NA when it's negative or $0 EPS.
Timothy Howard states that the stocks trade at a "minuscule P/E".
He attempts to conceal the ongoing Common Equity Sweep.

EPS at the bottom of the image.

1. SUIT UP
2. LOAD UP
3. SHUT UP
4. DON'T LOOK BACK

Then u know how I feel about KTCarneyPsKnownots. All useless info. All just strive to screw commons, no logic just agenda over and over to create norms and this synthetic logic about GSE past and future.

no one cares when mnuchin hand in it, go away , this is fnma board

HE argues (with logic I do not follow) that the GOV is better off - cash wise by CANCELLING SP/LP

YES
And any increase above 79.99 would be done in some fashion that allows them to NOT move DEBT over to US Books ----e.g. a promise to sell 20% of their shares within x days to John Q Public

I assume

too much bs : give them another 300 billion, 95% ownerhip, commons to $0.05, reverse split, bankruptcy, restrucuring, give moelis billions in fee. read and believe what you want to. no reporter is covering it, so everyone is hungry for anything. lol.

Rick you did it!! We’re now at $1.605 great job!

We cannot seem to breakthrough $1.60 for some strange reason. We need more warp power Scotty. Full thrusters ahead. Fire phasers and full photon torpedoes Mr. Sulu. Uhura open all hailing frequencies to the whales. Calling all whales. Spock stop jerking off every 7 years and pay attention to the incoming whales.

Timothy Howard should be ashamed for having repurchased $7.4B of $FNMA.
FIRST.
It's recorded on the balance sheet as Treasury Stock, a contra-equity account.
It reduces the common stock par value when calculating the core capital.
This reduction of the core capital was one of the reasons of the Conservatorships for Critically Undercapitalized enterprises. (Freddie Mac too)
We have to wonder if this is another reason why the Capital metrics are calculated "upside down", that is, beginning with the Net Worth and subtracting the SPS, instead of the sum of its components, where we would see what I've mentioned of Treasury Stock reducing the Core Capital, and people would begin to wonder who is the crackpot that repurchased common stocks in the market, in congressionally-chartered private corporations. Clearly, this isn't part of its Public Mission.


SECOND
He also aimed to boost his EPS Target Bonus, (buybacks aren't recorded in the shares outstanding to calculate the EPS).
Additionally, accounting fraud to boost his EPS Target Bonus was the reason why he was abruptly expelled from Fannie Mae in 2006, the company had to restate the financial statements of the prior years and pay a $400 million fine, as stated in the 300-page report by the OFHEO and also the SEC, portraying him as the sole boss of a corrupt organization and sole responsible of the lack of controls.
This is a fact. Other theme is that, in 2012, he was acquitted of all charges by a DC court, due to lack of evidence that he had the intent to commit fraud. And we wonder why on earth do we have Federal Agencies with enforcement action if later a low profile judge sets everything aside, and we don't know if there was a Fanniegate deal with the DOJ behind.

sure, they will also evaluate the risk factors for their new investment in terms of how much capital to allocate, and at what valuation. SPS conversion will be a risk factor to consider when putting together the financial models.

SPS cramdown to own 95%+ at 10-12x p/e on…

— Alec Mazo (@Alec_Mazo) May 16, 2024

Interesting angel in 24 months?

Tim Howard's comment on Treasury's options to monetize its stake in Fannie/Freddie. The math should be obvious to everyone:
1. Warrants exercised, seniors written off: 80% of $250-$300bn market caps is $200bn-$240bn upon organic release from conservatorship in 24 months at 10-12x… pic.twitter.com/fSpbw7t4QL

— Alec Mazo (@Alec_Mazo) May 16, 2024

Shhh! It's part of the secret sauce.
Don't you know!
LOL

What is going on with Lamberth? What happened to Libor?

So what’s taking (no pun intended) so long to unscramble the c-ship?

FNMFO has volume today with new 52 week high. Something is definitely going on here but no one tells me anything. At least the real time quotes are back now. CNBC app is the best. I was getting tired of being 15 minutes late for everything.

Rip Van Winkle Wakes Up On Monday

https://www.globenewswire.com/news-release/2024/05/15/2882266/0/en/OTC-Markets-Group-Introduces-Overnight-Trading.html

Real time quotes have returned

Thank you
Seems the logic from HOWARD ---- that it is better for GOV to cancel v convert - is shaky ?

logic seems - the conversion causes a ton of shares at low price - (maybe even beating up on WTS if done first)

That makes sense on its face - BUT

If Gov moves from the 79.9% (via WT 4:1) to some higher percent by converting SP to common and then does reverse splits and then does the WT conversion - I think the GOV gets all that it wants?

What am I missing
I want the GOV to kill the SP/LP
As noted for two years - I do not want the WT conversion but if the PPS at 1B is 80-100 or so - then I can live - WELL - with 20-25 a share for my current penny shares . Summary - kill the SP as prices in dollars by the LP --- and go ahead and exercise for say 80-120B cash to Treasury over several years at 25 a share

To exercise the warrant, maybe need to consult with Lamberth first.

Plaintiffs proved at trial that FHFA’s agreeing to the Net Worth Sweep was an “arbitrary and unreasonable” violation of stockholders’ reasonable expectations under their shareholder contracts.