Federal National Mortgage Association (QB) (FNMFN) Quote

It's a big day today. Of course, our little tweet machine is already up and running.

Pulte already awake 

Eliminating mortgage fraud and fraud in general will be a main focus at Fannie, Freddie, and the Federal Home Loan Banks.— Pulte (@pulte) March 14, 2025

Actually, it been more like almost 10 years Bill

for Americans who have been crushed these last 4 years.

In case of AIG court ruled in favor of AIG though no monetary compensation.

kthomp19,
Speaking of the one legal win, is ANYTHING going on with Lamberth?
ANY damages (to be paid) on the Horizon?
Has Hamish Hume put out ANYTHING lately in terms of an update to the best of your knowledge? Appeal? No appeal?
Is there a possibility his expenses and 'contingency fee' will be paid separately by F&F, or will it come out of shareholders' (JPS+ Common) pockets/eventual proceeds?
What happens if Lamberth passes? Does some other judge pick up the case? Is it re-tried?
TIA

Pulte @pulte
Fannie & Freddie generate over $30 billion of dollars in earnings per year. The Fannie & Freddie Management Teams and I will immediately review their 2025 budgets (like business does!) to help restore the American Dream for Americans who have been crushed these last 4 years.
6:56 AM · Mar 14, 2025
·

Canceled all my profit stops. if someone want my shares will must to pay a fair price.

He has a target audience of 1 tweeting at this time :)

kthomp19,
"That's on top of the fact that in the closest parallel situation (AIG), Treasury took the most common equity that they thought they could (92%): what they tried to maximize was share ownership, not dollar amount."
Without spending a tonne of time figuring this all out, what SHOULD HAVE the USG have taken regarding AIG IF the USG was interested in maximizing the dollar amount ROR, NOT simply the share amount? Reason I am asking is that is there a chance the USG would have 'learned' to potentially take less "share amount" in order to INCREASE their total $$$ intake for the GSEs?
As an aside question, does John Paulson, to the best of your knowledge, own Common in addition to the massive amount of JPS he owns? Or just JPS?
TIA

‘increase safety and soundness’ The new FHFA Director Pulte should shut down “Credit Risk Transfer Transactions.” Stop the theft…

Quote: “Fannie’s 10K the current economics of its credit-risk transfer program: in 2024, it was a cost of $1.871 billion PER YEAR to obtain a LIFETIME expected benefit of $117 million. That is beyond non-economic. Those who continue to tout Fannie’s CRTs as an innovation in credit risk management either don’t read the company’s financial reports, don’t understand them, or do read and understand them but choose to ignore the facts about CRTs that (badly) contradict the story they want to tell about them.” End of Quote Mr Howard

Quote: “Before he left FHFA, Director Calabria said he realized CRTs “were structured to almost never pay” and he called them a “looting” of the companies, but he didn’t do anything about them. Neither did Director Thompson. I think the only way they can be stopped is by Fannie and Freddie themselves, after they’re released from conservatorship with a true risk-based capital standard, and allowed to make decisions on credit enhancement mechanisms themselves, based on their economics (not a desire to carry favor with Wall Street firms and investors by funneling massive amounts of money from the companies to them via CRTs).” End of Quote Mr Howard

Comments Section: https://howardonmortgagefinance.com/2024/12/09/release-2-0/#comments

Pulte tweeted at 3:33AM. Nice!!!

kthomp19,
You keep mentioning "Seniors" w/o specifically breaking out the Liquidation Preference (LP) from the originally-issued SPS.
Are you treating LP as pari-passu with the SPS & calling the entire amount "Seniors"?
If LP is written off, but SPS is converted, does this change your calculations? What is the probability of the LP being written off IYO?
TIA

$Booooom ! Impressive !

Good morning 🇺🇸 time to get to work!— Pulte (@pulte) March 14, 2025

Guaranteed yearly growing monies

Hi Fully Diluted - Nothing is completely guaranteed. Someone could have made the same statement in 2006 and almost no one would have disagreed.

That being said - when I bought into the GSEs it was for a long-term hold. After all the smoke clears from exiting the conservatorship we should be left with 2 companies that are solid financially and pay a steady, reliable, predictable decent dividend. The growth prospects are great as we have a severe housing shortage now as well as a large and growing number of aging housing stock that has to be replaced. I read where at least 500,000 existing units are voluntarily demolished every year in the US. So they may build a certain number of housing units each year, but the need is far greater than reported.

So its been a 17 year ordeal, but these companies will emerge from the conservatorship a relatively safe and growing money machine. The first and third largest US companies. But, in terms of an investment, these companies are the poster child for "nothing is guaranteed".

Nats

Privatizing Fannie and Freddie not a top priority, says Trump’s new FHFA director - CNN

https://www.cnn.com/2025/03/13/business/fannie-freddie-privatization-fhfa-director/index.html

This is Skeery

It's really spreading bigly ....

$FMCC~ $FNMA~ Bark at da Moon



Shout out to KT, thanks fer all da cheapys, LOL!

I mean … the man has been locked away from twitter for months. Clearly he has a lot to say. So, you never know. Nights early. Celebratory drinks. Then he gets that phone in his hand … BOOM. Lol

Straight from the man’s fingertips seems like it would be more accurate to me, but what do I know.

Threw back a few to celebrate. Today isn't about share appreciation, but the fact that the 3 most critical people to getting this show on the F'ing road are all ready and in place. I don't care what shares traded at today, tomorrow, or next week. The odds of getting a favorable release I'd say are at minimum 70% in my estimation. Bill's tweets have confirmed it for me. There is no one left to stonewall exit from conservatorship. Regardless of how this trades over the next couple months it appears the release is inevitable. I anticipate that Lamberth will move to wrap up the lawsuit within the next 2 weeks with no objection from FHFA. That should end up being the first of many paydays.

"In a series of tweets Thursday evening, newly confirmed FHFA Director Bill Pulte made it clear that pulling Fannie Mae and Freddie Mac out of conservatorship is his top priority and wrote: “big announcements coming soon.”"

LOVE IT THANK YOU

Mega - MAGA Booooooom !

Guaranteed yearly growing monies. 😎

who is the jeopardy winner here who can name him. his tweets:

I support GameStop, too!

Fannie Mae and Freddie Mac are great American Icons, and under President’s leadership of America, they will return (safely and soundly) to their Glory!

For far too long, Fannie Mae and Freddie Mac have been underperforming (compared to where they should be at

Fannie Mae and Freddie Mac have great potential to, safely and soundly, unleash opportunity for more Americans to realize the American Dream

You (and Pulte) made my day. lol
IF Pulte doesn't tweet out his plan beforehand
🤣

Fully, I have enjoyed reading your posts. I find myself agreeing with a lot of your points and look forward to hearing what you have to say on Sunday . . . that is IF Pulte doesn't tweet out his plan beforehand. 🤑😁🤑

This Housing Wire article says the opposite, Who to believe?

https://www.housingwire.com/articles/new-fhfa-director-bill-pulte-is-focused-on-gse-reform/

Pulte is still firing away on twitter.

For the past 6 weeks, mortgage rates have been down and I directly attribute this positive trend to President Trump.— Pulte (@pulte) March 14, 2025

"For the past 6 weeks, mortgage rates have been down and I directly attribute this positive trend to President Trump."

Guaranteed yearly monies………."……………….”……best zero to low risk investment on the market

Dont forget this key key key point.

People reading or looking fir FNMA news on CNN are simply gullible.

That’s from the nomination lol

He said everything but……you missed the other half of his tweets. Excellent info on X mucho

KT19 will be out of a job soon.

https://media.stocktwits-cdn.com/api/3/media/2565159/default.png

Hi folks,

Don't get upset about the upcoming articles. I read the article from CNN. Everything in the line. We have now heard from all sides and corners that the Trump admin wants to lower mortgage rates while increasing the safety and soundness of Fannie and Freddie and also the housing market. That sounds like a conflict at first. Because higher capital requirements for F+F increase safety and soundness, but make mortgage rates more expensive. But Ackman has already presented the solution. He is simply a genius. And the fact that really everyone, including the admin and Trump himself, is talking about it tells me that the Ackman plan is underway. More on this in detail on Sunday. I don't have the time before then. Today was a day to enjoy. I'm looking forward to sharing my assessment with you. 👍️

KT last ditch efforts on Twitter. LOL

https://x.com/midas79_/status/1900370119647215651?t=SO0cvPxvvzYXmv9eWTfdUg&s=19

Oddly enough . . . there is a lunar eclipse tonight (or in the wee hours of tomorrow morning actually).

He isn't going to tweet that info. lol. The Donald probably will break the news.

But it's impossible for me to ignore that he makes no mention of release in his tweets. Only that treating and management of these entities to make them better is a priority.

Also, the quotes from that CNN article have been said within the last two weeks. Nothing new there and the article seems to have a spin. The tweets are straight up from the man's fingers and seem to point towards quick action and sound hopeful to me as a common owner. Maybe I am wrong. Seems like we are in store for a fun ride tomorrow.

Just go read the man's tweets. Seems to be a priority.

Shutdown window s the best window to release I feel. No one will make noise, higher priorities for noisemakers etc

"Pulte told CNN on Thursday."

Crazy how the media can spin things.

Future(s) is/are looking bright

It looks like Pulte has not tweeted out anything since January 15th. Now, the day he is confirmed by the Senate, he is tweeting left and right. Retweeting French Hill (one of our biggest supporters). "Return to Glory." "Power to the people." "Big Announcements." "GOlden Age". "Effective Immediately". It is going to be a very big day tomorrow, fam. Buckle up. Let's hope that PUlte is not hung over too badly tomorrow.

https://x.com/pulte/status/1900334838621536484?t=Qf3XQ2tl4cbRrT0B9bE9ng&s=19


I will finish the sentence  below


From Ackmann and Paulson ....

https://www.housingwire.com/articles/new-fhfa-director-bill-pulte-is-focused-on-gse-reform/

opposite world