Author Topic: FNMA and FMCC preferreds. In search of the elusive 10 bagger.  (Read 3457892 times)

DRValue

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #12910 on: July 11, 2019, 12:03:10 PM »
:o :o
SnarkyPuppy, DRValue, you guys are just making fun of me right?

I'm only joking, but i did find it funny.   :D
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cherzeca

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #12911 on: July 11, 2019, 12:04:00 PM »
More receivership BS from IMF

“If you’re wondering why everyone in the mortgage industry is waiting with bated breath for the new capital standards for Fannie Mae and Freddie Mac, it’s simple: Those standards, once cast in stone, will give the Federal Housing Finance Agency a powerful tool. One GSE observer who used to work on Capitol Hill told IMFnews those standards will give the FHFA legal cover to declare Fannie (or Freddie, take your pick) “critically” undercapitalized. Once that determination is made, the agency can move to terminate the conservatorship and enter into a receivership…

The next step might be to create a limited liability regulated entity (LLRE) which would succeed the GSE. After that, the LLRE (once capital is raised) becomes a new company and the charter is sold to new owners. From what we understand, the FHFA has the legal power to sell the charter. We also understand that the Treasury Department under former Senior Counselor Craig Phillips was well aware of all of this. More to come in the weeks ahead…”

Jcmeg35

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #12912 on: July 11, 2019, 12:07:29 PM »
Clear FUD. The person they quote doesn't say he heard that this was the plan or anything close to it. I guess can't expect much during this news lul and perceived delay in the release of the plan...

More receivership BS from IMF

“If you’re wondering why everyone in the mortgage industry is waiting with bated breath for the new capital standards for Fannie Mae and Freddie Mac, it’s simple: Those standards, once cast in stone, will give the Federal Housing Finance Agency a powerful tool. One GSE observer who used to work on Capitol Hill told IMFnews those standards will give the FHFA legal cover to declare Fannie (or Freddie, take your pick) “critically” undercapitalized. Once that determination is made, the agency can move to terminate the conservatorship and enter into a receivership…

The next step might be to create a limited liability regulated entity (LLRE) which would succeed the GSE. After that, the LLRE (once capital is raised) becomes a new company and the charter is sold to new owners. From what we understand, the FHFA has the legal power to sell the charter. We also understand that the Treasury Department under former Senior Counselor Craig Phillips was well aware of all of this. More to come in the weeks ahead…”

Wiggins

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #12913 on: July 11, 2019, 12:23:14 PM »
I think this would make a takings case a slam dunk.

A) Gov't declares NWS along with a "new capital paradigm" whereby a funding commitment serves to make GSEs safe and sound, and successfully argues this for years in court.

B) Whoopsie-daisies, just kidding, that was all BS and now that all capital has been siphoned out, Gov't deems GSEs critically undercapitalized thus receivership is in order.

Schizophrenia is too nice of a word to describe this.


More receivership BS from IMF

“If you’re wondering why everyone in the mortgage industry is waiting with bated breath for the new capital standards for Fannie Mae and Freddie Mac, it’s simple: Those standards, once cast in stone, will give the Federal Housing Finance Agency a powerful tool. One GSE observer who used to work on Capitol Hill told IMFnews those standards will give the FHFA legal cover to declare Fannie (or Freddie, take your pick) “critically” undercapitalized. Once that determination is made, the agency can move to terminate the conservatorship and enter into a receivership…

The next step might be to create a limited liability regulated entity (LLRE) which would succeed the GSE. After that, the LLRE (once capital is raised) becomes a new company and the charter is sold to new owners. From what we understand, the FHFA has the legal power to sell the charter. We also understand that the Treasury Department under former Senior Counselor Craig Phillips was well aware of all of this. More to come in the weeks ahead…”

DRValue

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #12914 on: July 11, 2019, 12:50:48 PM »
Clear FUD. The person they quote doesn't say he heard that this was the plan or anything close to it. I guess can't expect much during this news lul and perceived delay in the release of the plan...

More receivership BS from IMF

“If you’re wondering why everyone in the mortgage industry is waiting with bated breath for the new capital standards for Fannie Mae and Freddie Mac, it’s simple: Those standards, once cast in stone, will give the Federal Housing Finance Agency a powerful tool. One GSE observer who used to work on Capitol Hill told IMFnews those standards will give the FHFA legal cover to declare Fannie (or Freddie, take your pick) “critically” undercapitalized. Once that determination is made, the agency can move to terminate the conservatorship and enter into a receivership…

The next step might be to create a limited liability regulated entity (LLRE) which would succeed the GSE. After that, the LLRE (once capital is raised) becomes a new company and the charter is sold to new owners. From what we understand, the FHFA has the legal power to sell the charter. We also understand that the Treasury Department under former Senior Counselor Craig Phillips was well aware of all of this. More to come in the weeks ahead…”

If they only knew we've monitored every news story of the past 4 years.

If they only knew we've lingered on every sentence uttered by every player in this game.

If they only knew we've analysed the context of words and the tone expressed.

If they only knew we know all the paid for opinions and vested interests.

Maybe then they could come up with something that would work. Maybe.

But I doubt it.
[E]xpedience does not license omnipotence.

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Luke 5:32

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #12915 on: July 11, 2019, 03:36:38 PM »
https://twitter.com/timpagliara/status/1149439305129111552?s=19

"Discovery production in Lamberth Court next week. Everyone cooperating but Treasury. Imagine that. Motion to compel will follow."
Take 4 minutes and listen to it. "Stars" by Skillet: https://www.youtube.com/watch?v=TbLJyjfyACM

SnarkyPuppy

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #12916 on: July 11, 2019, 04:08:51 PM »
Clear FUD. The person they quote doesn't say he heard that this was the plan or anything close to it. I guess can't expect much during this news lul and perceived delay in the release of the plan...

More receivership BS from IMF

“If you’re wondering why everyone in the mortgage industry is waiting with bated breath for the new capital standards for Fannie Mae and Freddie Mac, it’s simple: Those standards, once cast in stone, will give the Federal Housing Finance Agency a powerful tool. One GSE observer who used to work on Capitol Hill told IMFnews those standards will give the FHFA legal cover to declare Fannie (or Freddie, take your pick) “critically” undercapitalized. Once that determination is made, the agency can move to terminate the conservatorship and enter into a receivership…

The next step might be to create a limited liability regulated entity (LLRE) which would succeed the GSE. After that, the LLRE (once capital is raised) becomes a new company and the charter is sold to new owners. From what we understand, the FHFA has the legal power to sell the charter. We also understand that the Treasury Department under former Senior Counselor Craig Phillips was well aware of all of this. More to come in the weeks ahead…”

This is quite literally what Calabria discussed a few years ago (YouTube video posted previously in this thread).  Also consistent w his prior writings.  Is this explicitly inconsistent with anything munchin or Calabria has said publicly?  Immediate thing that comes to mind is "there will be two companies called Fannie and Freddie" in 5 years as Calabria had said publicly.   But in the aforementioned YouTube video he quite literally talks about creating an LLRE which has a 5 year life. 

Sure would be one way of a "waking congress up and accelerating the process of getting them to act"

Would also be consistent with "the companies will be on their own to build capital". 

Obviously I don't think this is a realistic outcome given risks involved but Calabria seems to have some challenges with realistic constraints. 

muscleman

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #12917 on: July 11, 2019, 04:59:06 PM »
https://twitter.com/timpagliara/status/1149439305129111552?s=19

"Discovery production in Lamberth Court next week. Everyone cooperating but Treasury. Imagine that. Motion to compel will follow."

It is deleted. Why is Treasury dragging the feet? Hmm.  It is suddenly Mnuchin and Calabria dragging this in court now.
I am muslceman. I have more muscle than brain!

cherzeca

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #12918 on: July 11, 2019, 07:22:17 PM »
you can want peace, but if you are at war, you keep fighting until you shake hands on a deal

DRValue

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[E]xpedience does not license omnipotence.

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