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Federal National Mortgage Association (FNMA)

Other OTC - Other OTC Delayed Price. Currency in USD
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2.0500+0.0400 (+1.99%)
At close: 3:53PM EDT
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  • B
    Black
    ***BOOM*** The amount of SPS cancelled (because the SPS have been already repaid pursuant to the exception B to the Restriction on Capital Distributions) would be recorded as a profit (tax-exempt income because of the fraud of using a dividend that already paid taxes to reduce the SPS) and the Retained Earnings is Core Capital and Net Worth. Any company that announces a haircut on the debt, the amount of haircut later is recorded as a profit (write-up). Jointly with the $163.5 billion due ($110 billion in SPS overpayment, TCCA fees, etc),both amounts were considered when I claimed that FnF would be deemed Adequately Capitalized. Let's get it.
  • T
    TightCoil
    Don't let the big guns get all the cheap shares when they announce
    anything..also, remember small steps have been taken by the FHFA
    toward release (although i'm skeptical about most of it, but it could
    provide a "primer" when something real starts to happen)
  • N
    Noah
    We investors all look at FNMA and see an extremely valuable and profitable company at an insanely and disproportionately low price. The one thing keeping the price down is the “perception” that the government is going to steal all of their profits to infinity and beyond! Well, folks, that “perception” is about to end.
    Bullish
  • C
    Charlie Potato
    Stealing 80%, and what that is like. You buy a house, you put 20% down, the bank owns the other 80% until you pay off the mortgage. Does the bank still own the 80% after you pay off the mortgage? Can the bank say that you can never pay off the mortgage regardless of how much you pay? VOID THE WARRANTS - END THE CONSERVATORSHIP - RELIST THE STOCK.
  • J
    JamesP
    Heavy volume day thus far and price is up 4% on a red day in the overall market.
  • J
    JamesP
    Correct me if I'm wrong but I just reviewed Fannie's Balance Sheet and noted the SPS at roughly $121 Billion and the JPS at $19 billion. The total stockholders equity is now at $30 billion. If the SPS is deemed repaid and therefore is credited against retained earnings, and Scotus awards Fannie a repayment of the overpayment of roughly $26 billion, then net worth would be roughly $56 billion with $19 billion JPS plus dividends owed and the rest is common. Now this is book value, not market value which should be significant higher, IMO if Fannie is earnings $15-20 billion net income annually.
  • G
    Gabe
    SCOTUS is expected to decide on FNMA case within a timeframe May,13 -June,10. Below please see the 2021 SCOTUS calendar.
    https://www.supremecourt.gov/oral_arguments/2020TermCourtCalendar.pdf
    Bullish
  • m
    manipulation-decipher
    The existence of Fannie and Freddies regulated by government (like Big Banks currently are) is the PUBLIC MISSION of FF:

    1. FF keep the mortage interest thr lowest possible.

    2. FF cannot (like Mega Banks do) hold and maintain hedge funds for (and to muzzle through blackmailing) of politicians, elite academic experts, bank executives and government regulators and media pundits.

    Transferring FF assets and business to Mega Banks would squarely contravene the public charter of FF and catastrophic to taxpayers.

    What We the People hear or read in media controlled by the self-serving millionaire/billionaire politicians, elite academic and media pundits and mega bank executives is detrimental to US tapayers, economy and public mission of FF.

    I hope the Supreme Court knows the truth before announcing its verdict.
  • W
    Warrior Boat Shoes Is Back
    Not a bad close Warriors! Tomorrow is Thursday!
  • T
    The Monetizer
    Norbert Michel, writing a detailed diatribe against the GSEs for Forbes, extends the nearly decade long assault launched by The Heritage Foundation to decertify FnF's federal charters. Heritage has long advocated the breakup and sale of both FNMA and FMCC's portfolios and monopolistic death grip on secondary market transactions, with their affordable housing missions transferred to HUD. Michel cites the GSEs failure to advance homownership beyond the 64% threshhold that has remained constant since around 1970 as compelling evidence of the FAILURE of the twins to meet their chartered mission goals.

    The timing of this "hit piece" is interesting as we near the precipice of the Supreme Court ruling. The organization may have considerable unfluence over the newly conservative balance of power on the high court's bench. Could we get a ruling surprise that the enterprises, not just FHFA, acted ultra vires in monopolizing the secondary mortgage market? That charter violations don't matter?
  • M
    MarkC
    Government faces greatest risk most shareholders don't know: unwind WHOLE conservatorship. After FHFA is declared unconstitutional by Supreme Court, it will lose ALL shareholders' lawsuits.

    Washington Federal is challenging coercive nature of imposing conservatorship on Fannie and Freddie.

    Although punitive compensation is uncertain, gov cannot make even a penny from Treasury's senior shares.
    All profit needs to be returned to GSEs.
  • D
    DF&F
    Remember the government told a Federal Judge our companies we're about to go into a death spiral. Hence, the dire need to enact he NWS. It doesn't get any better than that for us folks. Long to the end!
    Bullish
  • S
    Storm
    Added. 2.08. FNMA
    Hey look! It went up! Otherwise I would have gotten it for 2.02 since yesterday. So much for it only goes down. Up or down doesn't matter until the dust settles.
    Bullish
  • W
    Warrior Boat Shoes Is Back
    Good Morning Warriors! One more day until Thursday! We become rich!?
  • S
    Shalom
    getting ready to move to Florida to celebrate fnma rocketing to the moon as soon as the Supreme Court rules in favor of the plaintiffs. 10 long years of waiting for this day will finally be worth it!
  • J
    JamesP
    Volume is above average today as we move toward another Thursday. Has to be 1 of the next 6.
  • N
    Noah
    So this is what is happening.. professional dumpers are trying to shake out the day traders so their clients can get in at firesale prices. There’s a definite limit to how low this can go.. long holders will not even think about selling until they hear from the Supremes.
    Bullish
  • T
    TightCoil
    Release is imminent...Calabria under great pressure to
    do the tight thing, i mean the right thing
  • J
    JamesP
    Pushed back up at the close. Encouraging.
  • J
    JamesP
    The Dow is down 550 points today (not that Fannie trades on the Big Board yet). Alot of selling going on today in many stocks.