Author Topic: FNMA and FMCC preferreds. In search of the elusive 10 bagger.  (Read 4963211 times)

brker_guy

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #15990 on: October 02, 2020, 11:46:15 AM »
This family is going to sock it to the taxpayers and the GSEs before they are booted from office:

https://www.yahoo.com/huffpost/kushner-companies-freddie-mac-786-million-terms-111315311.html

If this isn't a conflict of interest and why there isn't a rush to push for the release of the GSEs, then tell me what is.


WB_fan82

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #15991 on: October 05, 2020, 02:42:26 PM »
Where are the 2020 DFAST results for the GSEs?  Was the deadline extended?

"Reporting Format and Timing
The Enterprises must submit results of the
Baseline and Severely Adverse scenarios to
FHFA and the Board on or before May 20,
2020, and must publicly disclose a summary of
the results of only the Severely Adverse
scenario between August 1 and August 15."

https://www.fhfa.gov/Media/PublicAffairs/Documents/411/Fannie_Mae/Summary-Instructions-and-Guidance_2020-Reporting-Cycle.pdf


investorG

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #15992 on: October 07, 2020, 06:34:28 AM »
There is no way in hell there is a settlement before the election.  The optics look horrific, especially with the yellow press about Freddie and the Kushner multifamily loans.

I would also be very surprised if there is a PSPA amendment pre-election, for the same reasons.  The reason being it's too to cast as a windfall for security holders.  B/c make no mistake, GSE securities would fly on either (some chance the common could decline on a PSPA amendment but why chance it).

Meanwhile, there is still work to be done.  The capital rule has to be finalized.  Maybe the Freddie stuff is what Calabria means about being bad corporate citizens.

Besides, Mnuchin is basically running the government.  Congress, China, stimulus, the economy, he's doing it all.  Where is the facetime for FHFA and settlement and all the provisions that would probably accompany a PSPA amendment?

Post election, different story.  There is still a month between the election and the Court.  That's plenty of time to settle and in fact the government has settled other cases in the weeks before oral argument, so it wouldn't be unprecedented either.  Then nobody cares about the optics.

If they had led with courage they'd likely be monetizing warrants at this moment to pay for a politically beneficial program of their preference. 

Rather mnuchin hid behind lawyers the past 20months post-watt and fought to further legitimize the illegal and/or unethical NWS.

Could cost them the election when combined with the housing stimulus a semi-capitalized FnF would have provided in 2020.

typicalvalue

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #15993 on: October 07, 2020, 08:42:58 AM »
Find attached senator Warner letter to Calabra/Mnuchin. Could be a sign PSPA amendment is close and we could see it before year end.

cherzeca

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #15994 on: October 07, 2020, 10:18:15 AM »
Find attached senator Warner letter to Calabra/Mnuchin. Could be a sign PSPA amendment is close and we could see it before year end.

agreed.  given the perspective of history, I can't help but pointing out how feeble this letter is.  if corker were still around, there would have been hell to pay

Luke 5:32

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #15995 on: October 08, 2020, 06:48:14 PM »
Could be a sign PSPA amendment is close and we could see it before year end.

Word on the street is that PSPA is coming around Thanksgiving.
"Way maker, miracle worker, promise keeper..."  God is a promise keeper. You can rest in the hope and assurance that He is true to His word.  But it is also a warning that He will keep His promises to those that choose a life of unrepentant sin. https://www.youtube.com/watch?v=XCpbeVFgs4E

Jcmeg35

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #15996 on: October 08, 2020, 08:04:41 PM »
Where did you hear this? Feel like there have been a lot of rumors over the years that havenít materialized.

investorG

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #15997 on: October 09, 2020, 04:21:23 AM »
Could be a sign PSPA amendment is close and we could see it before year end.

Word on the street is that PSPA is coming around Thanksgiving.

I guess the likelihood of this depends on if you believe the market has any predictive power.  I believe it does and therefore am skeptical.

cherzeca

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #15998 on: October 09, 2020, 06:37:33 AM »
Where did you hear this? Feel like there have been a lot of rumors over the years that havenít materialized.

this is plausible for two reasons...it permits time for the potus election to shake out (though I would not be surprised if it is still up in the air by thanksgiving), and it is the perfect time to do something under the radar that some might think is controversial

Luke 5:32

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #15999 on: October 09, 2020, 08:04:12 AM »
Where did you hear this? Feel like there have been a lot of rumors over the years that havenít materialized.

From somebody that has connections with high-level officials at UST and FHFA.
"Way maker, miracle worker, promise keeper..."  God is a promise keeper. You can rest in the hope and assurance that He is true to His word.  But it is also a warning that He will keep His promises to those that choose a life of unrepentant sin. https://www.youtube.com/watch?v=XCpbeVFgs4E