Author Topic: FNMA and FMCC preferreds. In search of the elusive 10 bagger.  (Read 3731424 times)

Williams406

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #14020 on: October 18, 2019, 10:42:27 AM »
https://twitter.com/HoldenWalker99/status/1184888659679551490

".@MarkCalabria @FHFA Director at @AEI-CRN housing conference on 10/16: it will be very difficult for @FannieMae and @FreddieMac to raise capital in a downturn, "we are focused on urgency of raising capital" $FNMA $FMCC
10:47 AM - 17 Oct 2019"

This is the sort of thing I want to hear. Sure, underpromise and overdeliver, and be conservative with time frames...good principles. But let us know you are operating with some urgency. Better yet, don't tell us how fast you're going to hustle down the first base line, just go ahead and do a Pete Rose belly slide in to the bag and show us. That will get you in to MY Hall of Fame.


cherzeca

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #14021 on: October 18, 2019, 12:19:51 PM »
the litigation settlement negotiations rumored above are possible.  they are likely to be protracted for a number of reasons so getting started early and trying to figure out what ballpark people are in makes sense.  I would believe them more if financial advisors had been hired already because this negotiation is a mixed legal/financial process.  having said that, preliminary soundings out would be wise if they are occurring. 

emily

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #14022 on: October 20, 2019, 12:44:23 PM »
ďCongress has no business on SPSA, Conservatorship, NWS etc.  FHFA does.

But fellow travelers will keep trying to loot the two, big money at work, and Calabria needs to put an end to the madness now and not delay it any further"

https://republicans-financialservices.house.gov/calendar/eventsingle.aspx?EventID=407463

https://financialservices.house.gov/uploadedfiles/hhrg-116-ba04-20190925-sd002-u1.pdf

Luke 5:32

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #14023 on: October 21, 2019, 06:49:17 AM »
Hearing: The End of Affordable Housing? A Review of the Trump Administrationís Plans to Change Housing Finance in America
Tuesday 10:00am (Eastern), live link: https://www.youtube.com/watch?v=rzahN1GA_qI
A wise husband, a wise father, asks God for help. Don't be a prideful, self-reliant fool. "Father, lead me, 'cause I can't do this alone..." Lead Me by Sanctus Real: https://www.youtube.com/watch?v=yLr6G8Xy5uc
"Life will rise, death will die..." https://www.youtube.com/watch?v=L_uJYKoHhQo

Luke 5:32

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #14024 on: October 21, 2019, 03:30:09 PM »
Mnuchin calling BS on the title of the hearing (attached)...

Hearing: The End of Affordable Housing? A Review of the Trump Administrationís Plans to Change Housing Finance in America
Tuesday 10:00am (Eastern), live link: https://www.youtube.com/watch?v=rzahN1GA_qI
A wise husband, a wise father, asks God for help. Don't be a prideful, self-reliant fool. "Father, lead me, 'cause I can't do this alone..." Lead Me by Sanctus Real: https://www.youtube.com/watch?v=yLr6G8Xy5uc
"Life will rise, death will die..." https://www.youtube.com/watch?v=L_uJYKoHhQo

cherzeca

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #14025 on: October 21, 2019, 08:22:17 PM »
Mnuchin calling BS on the title of the hearing (attached)...

Hearing: The End of Affordable Housing? A Review of the Trump Administrationís Plans to Change Housing Finance in America
Tuesday 10:00am (Eastern), live link: https://www.youtube.com/watch?v=rzahN1GA_qI

maxine and Mnuchin must see tv; popcorn optional.  https://www.youtube.com/watch?v=rzahN1GA_qI

investorG

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #14026 on: October 22, 2019, 06:56:35 AM »
is the official deadline for the government to appeal the Collins APA decision to the Supreme Court next week or 90 days from the en banc ruling?

cherzeca

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #14027 on: October 22, 2019, 07:58:18 AM »
is the official deadline for the government to appeal the Collins APA decision to the Supreme Court next week or 90 days from the en banc ruling?

I am not sure, but this is what I think.  Mandate issue date is 10/29/2019 per the docket.  so in 7 days the federal district court will receive an order to implement the holding of the en banc.  as far as I know, once that mandate is issued, judge atlas must saddle up and proceed, probably first with a initial scheduling conference.  moreover, since the APA holding is not a final judgment, I dont believe any petition by fhfa for cert would be accepted by scotus.  there likely won't be a petition by treasury either since this would be done by the solicitor general, who as normal practice doesn't file cert petitions on interlocutory orders.
« Last Edit: October 22, 2019, 08:00:14 AM by cherzeca »

investorG

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #14028 on: October 22, 2019, 09:04:13 AM »
imo the antagonism today regarding shareholders from some dem congresspersons (and the responses from Calabria / mnuchin) suggests a) avoiding some discount to par for jr pref is probably unrealistic (as the current share prices suggest) and b) a potential 4th amendment likely has to accompany (at the same time) some private capital raise so that the administration has some cover on why certain adjustments were required.

SnarkyPuppy

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #14029 on: October 22, 2019, 09:10:57 AM »
imo the antagonism today regarding shareholders from some dem congresspersons (and the responses from Calabria / mnuchin) suggests a) avoiding some discount to par for jr pref is probably unrealistic (as the current share prices suggest) and b) a potential 4th amendment likely has to accompany (at the same time) some private capital raise so that the administration has some cover on why certain adjustments were required.

Why?  Shareholders will have to agree to any discount, whereas congress has no practical ability to insert if there is no discount.