Fannie Mae (QB) (FNMAN) Quote

When's the last time you experienced Calabria under the Treasury Housing Finance Desk?

https://x.com/GuidoPerei/status/1858708593048252909

Government doesn’t move fast. No way they manage to come to agreeable terms, get the uplist complete, and sell their ownership stake in the 2 GSEs within the next 13 months.

Like
Mount Vesuvius
Stratovolcano in Italy

Wow, guess you missed recent pps increase. I will hold my shares until a time TBD.

Who will Donald Trump choose as his treasury secretary? What to know about the top candidates
So is this Secretary of Treasury contender our GSE Mesiah? Paulson has also called for privatizing mortgage giants Fannie Mae and Freddie Mac, the government-sponsored enterprises which guarantee most U.S. mortgages. Until the financial crisis of 2008, the two entities were privately-run companies. But they were put under complete federal control after they received a government bailout.

Paulson, who is a big investor in Fannie Mae and Freddie Mac, stands to make serious profit if the companies are returned to the private sector.
https://www.usatoday.com/story/news/politics/elections/2024/11/18/donald-trump-transition-treasury-candidates/76412157007/

I’d be really curious to see the OBam classified financial docs from 2012, that would light a gse fire.
Fnma

I would imagine that Ackman’s 100M donations would also be an encouraging factor to liberate the GSEs. If Bill has been holding since 2016, I doubt he’d be willing to wait another 4 years of more Catman-Munch.
It’s important for the djt gov to get some gse money quickly for (wall..)
Fnma

As we STILL wait for Lamberth to sign off on the verdict!
You think he’s waiting on DJT to enter office? If so, what’s the agenda?

He would make a great undersecretary of housing finance at treasury.

Boat checking in on all FNMA WARRIORS!

I think you're right about the 5 cap. We hit 5+ in November 2016 after Mnuchin's comments
but we came crashing back to earth when there was no follow up.
Short of real news, the same is in store here.

Same Same Eternal!!!

As a decade long holder, I don't approve the 1 or 2 year window at all. Delayed is denied. There will be something that creeps in and make it a non starter. This can be a 2025 candidate easily.  You have to come out of the DC mindset of, this is too complicated. No it's not..  

head, period. Insert comma.

Doesn’t really matter. I think we are capped at around $4-5 until there is definitive news regarding terms of release. We obviously shouldn’t get too far ahead of ourselves when we likely are going to need 1-2 more years until we are fully released and privatized. It’s hard for me to remain patient and I’ve only been in this about 2 years. I can’t imagine what it’s like for those of you here since the beginning or even this entire past decade.

Honestly I’d just like to get uplisted to a real exchange so all my shares can count towards margin and if I could write some covered calls that would be slick too.

What's a new head period?

Precisely I think why we haven't heard of any potential appoints

I won't complain but I think they need something there until this cship is resolved

If Musk and Vivek get their hands on FHFA, there may not be any new head period.

How do you know it wasn't staged?

Any hints of a new tay secretary or the FHFA head can send this flying beyond 4. Why is no one talking abt FHFA head yet?  Probably too low on the priority list I assume, or have someone in mind already

Anywhere between light green to dark green . May end somewhere at a tender new leaf green  🍀 color

FHFA payroll is over $150,000,000. Total waste to be cut, send to DOGE

What color will tomorrow bring?

Lite

U underestimate our BOD. While they do around they also multitask by flapping their gums and collecting checks. Not everyone is cut out for a board seat.

FHFA must be part of the Porn Industry because they've been getting paid good money to screw us every single day.

Just his name and the mention he could be a candidate made my butt pucker. lol.

FHFA 2023 salaries now available.

https://openpayrolls.com/rank/highest-paid-employees/federal-housing-finance-agency

We sure filled that 5 year basket today🚀🚀🚀

They also send billions of shareholder dollars to the treasury every quarter. Remember voting for that?
Yeah, me either.

We can be certain that this speech or "too complex to solve", will take years to resolve etc are all just fluff. Ignore...  We are getting someone who will resolve it fast. Paulson + Ackman > media..  they will resolve this in 2025. Ignore the ihub noise as well until then

Here’s a thought - Doubt the government is friendly or favorable to preferred holders after they dragged them through the courts for years and years.

I fear the msm double speak. Sorry, anytime clown cat calab is mentioned from the cat institute, I keep on thinking about useless widgets. That clown couldn't lead the GSEs out of a paper bag if his cat videos depended in it.
The msm keeps on using financial terms that are past their gossip news levels. Private, public…bla bla bla from them.
We need to see who the sec of treas will be, I hope it’s not that soros dude…
Fnma

Actually a great idea, make businesses pay for government sponsorship. They would compete with bids for such sponsorship. And it keeps the government’s involvement limited.

Just an interesting alternate way of viewing it all.

https://x.com/gerhardtmeyer1/status/1858657558728220726?s=46&t=L_hszGlrG7Qfo9Ksmln_mQ

[img]Privatize? Lots of fine people here talk about privatizing Mae and Mac,
but i thought we were a publicly-traded company, not private. What gives?
I ain't the brightest street light, i got a D in Spanish in high scoool[/img]

Calabria should be out of FHFA, FnF, as a failure. He did worse than Thompson. Craig Phillips is the right person.

FYI - what was said on CNBC TV

A couple things caught my eye... "The FHFA sets both the capital requirements and standards for Fannie and Freddie, so the FHFA leader will be a key player in any exit strategy, along with the Treasury secretary." Also, "Calabria, currently a senior advisor to the Cato Institute, has made it known that he is interested in a Treasury position where he could be involved in such negotiations between Treasury and FHFA to end conservatorship." Cat Man? Really?

This is a great article.  Furthermore couple that with the CNBC exposure after hours.  I suspect we will be very green again Tuesday.

Sounds like a concept of a plan. Doesn't say how we get out of jail and I know i won't be for free.

What’s Ahead for the GSEs Under the New Administration?

By Gail Kalinoski- November 18, 2024

https://www.multihousingnews.com/whats-ahead-for-the-gses-under-the-new-administration/

Even before Donald Trump was elected to a second term, multifamily and finance industry insiders had spent months discussing whether another Trump administration would finally take Fannie Mae and Freddie Mac out of conservatorship.

Two things most agree when talking about privatizing the GSEs is that exiting conservatorship would be a complex undertaking and that it would likely take several years to complete. There is less agreement on the best route to that exit.

Different reform efforts, current and previous

The Wall Street Journal reported in mid-September that Trump allies, including Larry Kudlow, former director of the National Economic Council during Trump’s first term, and bankers were discussing plans to have the government sell most of its stakes in the GSEs, which are valued at hundreds of billions of dollars. The goal was reportedly to sell to investors, including sovereign wealth funds.

Under the plan floated by Trump’s allies, the Treasury Department would partially back some of the Fannie and Freddie loans, similar to how the Federal Deposit Insurance Corp. backs a certain amount of bank deposits. It would also be similar to the implicit pre-2008 guarantee that became explicit under conservatorship.

The WSJ reported that such discussions started in the spring and included conversations with investment managers on how the deal could work. The talks also considered various pathways to privatization, including going through Treasury and the Federal Housing Financing Agency, rather than Congress.

Previous reform efforts, including some initiated by Congress and another led by former Treasury Secretary Steven Mnuchin, and Mark Calabria, the FHFA director, late in Trump’s first term, failed to get across the finish line. The Biden administration had their own list of priorities and didn’t pick up the baton.

“They’re mindful of it,” Bill Killmer, chief lobbyist & senior vice president for legislative and political affairs at the Mortgage Bankers Association, told Multi-Housing News. “They field questions about it. But it’s not risen to a level of priority that it would need to if you’re going to try to attempt this conservatorship exit.”

By contrast, Killmer said that in a second Trump administration, “There really is a chance that an examination of this kind of project with the GSEs will be renewed at the Treasury Department and with whoever occupies the directorship at FHFA.”

The FHFA sets both the capital requirements and standards for Fannie and Freddie, so the FHFA leader will be a key player in any exit strategy, along with the Treasury secretary.

Calabria, currently a senior advisor to the Cato Institute, has made it known that he is interested in a Treasury position where he could be involved in such negotiations between Treasury and FHFA to end conservatorship, according to Dave Borsos, vice president for capital markets at the National Multifamily Housing Council.

Killmer said that an MBA blue-ribbon task force representing both the multifamily and single-family sectors has been meeting for about nine months to look at the practical implications of ending conservatorship.

“We really kickstarted that effort again to take stock of reforms that had been executed administratively over the last couple of administrations and see what progress had been made, and also lay out the parameters of what would need to be done on the multifamily and single-family side,” he said.

After hearing from members of Congress prior to the election that ending conservatorship would be one of their priorities in 2025, Borsos pulled out his GSE reform directory with a variety of proposals

“Going back and reading that again this week, there were 49 things that the Treasury planned to focus on, things that were separately identified for releasing the GSEs,” he said. Of those 49 issues, 31 were administrative and could be accomplished without congressional actions, whether by an executive order or negotiations between Treasury and FHFA.

Importance of the PSPAs

Housing Tax Credit investment caps have been raised from $850 million to $1 billion annually.

There is some concern that if the GSEs are privatized, it could impact on their affordable housing goals and mandates.

“In the plan that was issued in response to the call by President Trump [in his first term], they did acknowledge that, and they did say that Fannie and Freddie should serve that low- and moderate-income sectors,” Borsos said. “So they were still in favor of continuing the affordability mandate.”

Killmer stressed preserving the role of the GSEs to support multifamily liquidity as a priority for the MBA.

“We want to make sure that the commitments are maintained,” Killmer said. “It’s a question of how you shift the gears and pull certain levers with respect to Area Median Income and the obligations so the GSEs have the means by which they’re trying to meet them.”

Overall, Killmer said the MBA isn’t leaning in with a preference for or against exiting conservatorship. “We want to make sure that we play a critical role,” he said. “If conservatorship exit is attempted, that it be done with care and with the right kind of exit ramp—that takes an ample amount of time.”

I asked on X and this is the response I received.

Guest said not many approaches had been suggested, but the one he thinks most appropriate is, to release the GSEs and have them be private, but also pay some sort of premium for having an implicit government backstop. “I don’t know if that’s how it will be done, but that’s how I think it should be done,” was the gist.

Maybe it was considered a hard to fill position because the job required sleeping with an orange cheeto! LOL 🤑

I see $300 per share. If your not a Millionaire you will be in a year or two.

I agree with your comment. I have seen much more beutifull american women than melania.

these companies have paid everything back

You could have stopped with this blatant lie but I have to give it to you......you did the full 🤥 with the rest of that drivel.

'Feels' won't change reality.

I see $6 before any serious pullback for FNMA

What did they say?