Fannie Mae (QB) (FNMAM) News

"The numbers of Fannie Mae lie". The Fannie Mae CEO is called out in Linkedln on her stance about Fannie Mae building capital through retained earnings, based on the Financial Statement fraud in both FnF that are reluctant to post the SPS LP increased for free brought to you by the Trump Administration, and its offset with reduction of Retained Earnings account, which is the same that happened with the initial $1B SPS LP issued for free on day one of conservatorship.

Fannie Mae CEO:"Fannie Mae continues to reduce its capital shortfall as disclosed in our recent Enterprise Regulatory Capital Framework disclosures. These charts help explain why:"

https://www.linkedin.com/posts/priscilla-almodovar_fannie-mae-continues-to-reduce-its-capital-activity-7229216984591204353-apyK

The $86.4B Net Worth has been built with the $86.4B SPS LP that is missing on the Consolidated Balance Sheets, and thus, Fannie Mae is not reducing the capital shortfall that should have begun on day one, in what is commonly known as Financial Rehabilitation.

SPS LP increased for free, a capital distribution number 1 in the statutory definition, restricted. That's the key. The existence of a Separate Account plan through the exceptions in order to legalize it, like occurred with the dividend payments, and carried out thanks to the FHFA-C's Incidental Power:"......in the best interests of FHFA", already seen in the 1989 bailout of the FHLB, section entitled: SEPARATE ACCOUNT TO ENSURE THE REPAYMENT OF PRINCIPAL, and where the Treasury Department was involved in calculating the discount rate and receiving the funds (invested in zero coupon Treasuries).
We don't want to violate the law, do we?


Read the comments section in her post of LinkedIn.
By the way, the "transition from portfolio-driven to guaranty-driven business", refers to their Investments Porfolios filled with unlawful PLMBS that had to be wound down 10% per year, then 15%, as part of the plan of winding down all their privileges, like this portfolio funded with low cost bonds thanks to the UST backup of FnF, advantages in capital standards, in guarantee fees (called subsidy cost by the CBO), in taxes, etc., as explained by the UST in its 2011 Report to Congress, that ends up with the Charter Act repealed (Privatization) to remove the most valuable privilege of all: the UST backup of FnF at rates similar to Treasuries.

PLMBS was a security illegal in the Charter Act Credit Enhancement clause because it lacked one of the enumerated Credit Enhancement operations authorized. Just a small portion had bond insurance (utilized nowadays by Freddie Mae with the ACIS).
This is the reason why we are requesting a refund of the CRT expenses, $20B, net between expenses and recoveries.
THE ART OF DECEPTION.

Oh wow pretty soon you will be entering The Sphere. What’s it like in there ? Does it make your body spin ? What information do you get from The Sphere ? What does The Sphere say about next week trading ? Crappy days or no crappy days ? I am WhaleBalls.

Ten Day Review Fannie Commons

Date - Low - Close - Volume
Aug 16 - 1.20 - 1.23 - 2,040,700
Aug 15 - 1.09 - 1.20 - 2,326,900
Aug 14 - 1.08 - 1.10 - 1,571,100
Aug 13 - 1.09 - 1.10 - 1,534,600
Aug 12 - 1.12 - 1.12 - 1,027,800
Aug 9 - 1.07 - 1.15 - 1,444,100
Aug 8 - 1.09 - 1.11 - 2,994,700
Aug 7 - 1.12 - 1.12 - 2,836,900
Aug 6 - 1.06 - 1.17 - 5,731,400
Aug 5 - 1.02 - 1.04 - 6,708,100

Market continues to try to shake out the weak on the way Up!! Don't lose focus!!

All Trump has to do is talk about releasing FNMA and FMCC soon after he wins. Kamala will immediately talk about doing the same.

just another Drupal site

https://fhfa.gov/modules/README.txt

most US gov sites are Drupal

Someone with a FreeLaw project Chrome extension must have viewed the docket on PACER.

FNMA/FMCC - From Inside Mortgage Finance - Aug. 14
FHFA’s IT security HAS NOT BEEN in compliance with the Federal Information Security Modernization Act

IG Finds Major Hoes in FHFA’s IT System
The security controls intended to protect the information technology infrastructure of the Federal Housing Finance Agency are shockingly vulnerable to unauthorized access and compromise from internal threats, according to an audit report released this week by the agency’s Office of Inspector General.
FHFA’s system hosts sensitive financial data from Fannie Mae, Freddie Mac, Common Securitizations Solutions, the Federal Home Loan Banks and the FHLBanks’ Office of Finance. It is also the home of the personally identifiable information of about 800 FHFA employees.
Auditors were able to use a basic FHFA-issued laptop and a standard employee user account to gain access to restricted personally identifiable information on the agency network. They were then able to use standard hacking methods to acquire the passwords of other users, including two employees in the Office of Technology and Information Management who were still using their initial default passwords.

In all, the OIG audit identified 178 agency employees using default passwords.
Via these accounts, the auditors were able to access and alter files on any user’s computer, “including those of FHFA executives at the highest level.” Access to a privileged account allowed the OIG team to gain full control over the FHFA network. In addition, auditors were able to transfer sensitive information to their own computers and attach an unauthorized device to the system without detection.

The OIG report includes 22 specific recommendations to bring the FHFA’s IT security into compliance with the Federal Information Security Modernization Act. The agency agreed with all those recommendations.

I have more recommendations:
Fire Thompson
Fire Yellen
End The Conservatorship
Provide Reparations to Fannie and Freddie Shareholder

I clicked on Aug. 16, 2024 and got the message:

“This docket was collected as part of a RECAP PROJECT. Therefore, it is updated when users of the RECAP Extension download the docket from PACER…”

Short answer: no update.

I clicked on Aug. 16, 2024 and got the message:

“This docket was collected as part of a RECAP PROJECT. Therefore, it is updated when users of the RECAP Extension download the docket from PACER…”

Short answer: no update.

Free speech is a holy good

Something was updated on the
https://www.courtlistener.com/docket/4212077/fairholme-funds-inc-v-federal-housing-finance-agency/?order_by=desc
Site this morning st 6:50M
I don’t have access.
Guido, is this relevant?
Thanks in advance
Fnma

She's appointed the NWS crooks as "advisors" on housing. Regardless of your political party, know who your voting for.

Exactly.

Some of idiots are born with it

"$1.21 $1.22 $1.21 $1.22 $1.21 $1.22 $1.21 $1.22 … yawn"

Does it remind you of a wall clock . . tick, tock, tick, tock? What it is, to the lay person, is the passage of time where Fannie and Freddie never get released from their dreaded conservatorships. Tick, tock, tick, tock . . . . . . . . . .

"FnF need to be released in order for Kamala's agenda to succeed"

Agenda? LOL! In a speech in North Carolina today, an "agenda" item is to give all new homebuyers $25,000 as a down payment. The country doesn't have that type of money let alone it being fair to the general taxpayer. Then I remembered who was behind the curtain during the Biden-Harris administration. Harris has already consulted Obama about the new homeowner advance and he's told her a great oasis where she can get the money . . . those treasured conservatorees . . . Fannie Mae and Freddie Mac. Bottom line, if that moron gets elected, chances of F&F ever getting set free is nil.

Thanks. There were also quite a few buy orders in the last five minutes of trading thus allowing us to finally breakthrough $1.22 and close at $1.23. Captain TightCoil nailed it. I wonder if he will be entering The Sphere this weekend.

I enjoy your humor and levity you bring.

It's not good to criticize others!! Your skeletons might fall out!!

Did someone set up an ASK wall ?

I just wanted to see if he had some explanation for it!! I'll just let him play in the corner!! Lol!!

This individual has issues, clearly.

You have the personality of a child.

Is this the only board you post on?? Is the glass always half empty?? Just asking for a friend!! Lol!!

Oh wow. We cannot seem to break through $1.22 for some strange reason. I suppose it could be the glue that was applied early this morning. Various formulations resulting in an extremely strong adhesion. So strong that a single drop can suspend a construction worker safety helmet from a steel beam high atop an under construction sky scraper.

$1.21 $1.22 $1.21 $1.22 $1.21 $1.22 $1.21 $1.22 … yawn

She couldn't say, " Our conservator stole our equity". Remove Treasury's non-existent equity in the corporation and you get a true picture of Fannie Mae's finances.

My Man! WARRIOR!

fannie mae ceo : "Fannie Mae continues to reduce its capital shortfall as disclosed in our recent Enterprise Regulatory Capital Framework disclosures. These charts help explain why:"
https://www.linkedin.com/posts/priscilla-almodovar_fannie-mae-continues-to-reduce-its-capital-activity-7229216984591204353-apyK
not sure if i understand.

Good Afternoon WARRIORS! I’m out of IHUB FNMA JAIL! I was sentenced for a few weeks because of a political post. For a STOCK that’s been politically ran for 16+ years.

However, glad to be back!

Maybe we need a Trumpet to go over the top

Calling any and all available whales.

Looks like Tight was Right about Fannie Commons gaining at least 10 cents from
Aug. 14th close of $1.10 - we're at $1.215 now. Load Up - TightCoil for President

Stock will become unglued soon.

And now unstuck at $1.22 !!

I'm here to make money!! Call it what you like!!

Shook out those who sold at. 1.17......Don't get left behind!!

Oh wow. Stuck at $1.20. Stuck like crazy glue. Stuck like Epoxy glue. Stuck like Gorilla glue. Stuck like Elmers glue. Stuck like cement. Stuck in traffic. Stuck in a jam. Stuck in a pickle. Stuck in a bad relationship. Stuck in math. Stuck in bad weather. Stuck on the tarmac. Stuck in a holding pattern. Stuck stuck stuck.

FnF need to be released in order for Kamala's agenda to succeed

There should be no doubt that yesterday’s 10 cent gain will evaporate today like clockwork.

Oh wow you use to be normal back in the old days. What happened ?

stock must have gone up yesterday, the spawn of KTCarneyPOScircusBSclown came this morning. they figure they can influence price or people.😆🤣😂 If they only knew how dumb and dark they look🤡, they are unwise and do not understand. 🤡
of course price did go up, as i see, but of coarse it usually goes down after a nice bump like yesterday, so even a tard can look good when saying or pretending to make it go down.

now directly to proposal you posted

why - unless there is REGULATION --- (v less regulation) would builders build affordable housing

normal regulation reduction - zoning or safety or ? --- would maybe increase supply - but of what ?

re low taxes ----- cities and states already have programs with low RE taxes for affodable housing and one can argue they know better - leave it to states - to lower the RE tax cost --- to purchase of land (while building) and to home owners #1 ----- RE taxes have been city - county - state at 100% forever

not sure -- your suggested - bottom line

I think DJT will propose to open FED LAND (not parks) to housing builders ?

Yet - without intervention in the market - pricing and credits or --- I flat out do not understand how one can induce builders to build a house that is say a bit smaller and sells at 350K v a house a bit larger (10K added cost to builder?) that sells for 450K

so if one opens up land for developers - would they not continue to build higher end housing

not politics - !!! I do not care if it is D or R - or whatever ------ builders will build to highest marginal profit - no matter where they build ? seems to me

a GOV effort to help with down payments (increase demand?) would not increase supply
a GOV effort to give tax credits to builders who build at the lower price range - WHERE they could build more expensive houses (not a neighborhood issue) would increase supply (more land would IMO do nothing as there is plenty of land --- just not a lot of affordable houses being built without GOV incentive to builder --- not buyer)

Premarket action very quiet this morning. I sounded the whale horn early this morning. Neighbors do not like me. I am now going whale watching.

FnF reported the Stress Test to FHFA and the Federal Reserve Board (FRB) on May 20 (12 CFR § 1238.5 (a)), as required in the Dodd-Frank law.
What happened yesterday is that FHFA waived another requirement about the publication online of a summary (12 CFR § 1238.7(a)), with a deadline of August 15th. In other words, FnF has to disclose publicly a summary of the report, but the law doesn't specify when.

Never underestimate the FHFA's Zing! power, during Conservatorship (FHFA-C's Incidental Power) and outside, like yesterday.
Both the FHFA and the Federal Reserve are in deep trouble.
ROGUE @FHFA STRIKES AGAIN
Financial Services Cmte waived the 2024 annual testimony of ST after realizing she tricked'em into believing NW is what has to meet the capital requirement.
What the Stress Test is about:"NW,weee!"
Dodd-Frank:"Publication"
It doesn't say when.#Fanniegate https://t.co/bBv9nAqmd1 pic.twitter.com/5rZ0IiSr9V— Conservatives against Trump (@CarlosVignote) August 16, 2024

⚠️Reminder. The board can't be used for electoral propaganda.
This way, we focus on $0 EPS, capital distributions restricted and the ongoing Common Equity Sweep.
We began yesterday allowing Trump with the use of Federal land, and it ended up with Guido proposing to build Affordable Housing in Alcatraz island.
This way, the important posts denouncing the current state of affairs with the Conservatorship are dragged down in the message board.
No Politics.

Fannie Mae - All The Way
Freddie Mac - Load Up And Don't Look Back
Don't forget
They don't call Warren Buffett HawkEye for Nothin'

"1.17.....more to come!! Patience is the key!! You own shares in America!!"

Might as well get use to calling it Amerika, comrade.