Fannie Mae (FNMA)

day light robbery FHFA Predicted $72B Profit For Fannie Mae 26 Days After Grab by  timhoward717.com July 31, 2014, 9:22 am FHFA Predicted $72,000,000,000 Profit 26 Days After Brazen Soviet Style Profit Grab by TimHoward717 In light of the news regarding the newly leaked secret treasury documents, I want to share a nice little gem. It’s a report produced on October 26,2012 entitled “FHFA Updates Projections of Potential Draws for Fannie Mae / Federal National Mortgage… FHFA Predicted $72,000,000,000 Profit 26 Days After Brazen Soviet Style Profit Grab by  TimHoward717 In light of the news regarding the newly leaked secret treasury documents, I want to share a nice little gem. It’s a report produced on October 26,2012 entitled “FHFA Updates Projections of Potential Draws for Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC).” I have attached a PDF file below. Keep in mind the Third ...

Fannie and Freddie Investor Blackstone Also Sought Advisory Role   By  Dan Freed July 29, 2014 4:07 PM NEW YORK ( TheStreet ) --  The Blackstone Group  's involvement with Fannie Mae   and Freddie Mac  appears deeper than previously known. Blackstone sought to advise the Treasury Department on what to do with its controlling stake in the two government-sponsored home-loan companies in 2011, according  to pitch documents provided to TheStreet  by a public relations firm representing Investors Unite, a group of Fannie and Freddie shareholders. This information, which hasn't been previously reported, is noteworthy because in April  Blackstone confirmed  reports that it holds  preferred shares  in Fannie and Freddie.  Blackstone spokeswoman Christine Anderson refused to say whether Blackstone owned Fannie and Freddie preferred shares at the time the private equity firm made its June 13, 2011...

Fannie Mae, Freddie Mac And The 187 billion dollar Lie by  timhoward717.com July 28, 2014, 8:18 am Of all the lies regarding Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC), (GSE’s) the most pervasive of all is the 187 billion dollar amount. This figure is incorrectly used over and again when calculating how much of a profit the taxpayers have made off of Fannie and Freddie to date. It is breathtaking how this figure remains fixed in the public consciousness. It is even on the seemingly official  http://projects. propublica.org/bailout/  site. It is repeated by virtually every media source and cited as gospel in every GSE discussion in DC. Let me clarify this for everyone, when the GSE’s were put into conservatorship the terms were that they would have to pay a quarterly dividend to the treasury every quarter based on an annual rate of 10% per year on the aggregate liquidation pref...

Fairholme Win 'Very Positive' For Fannie Shareholders: Bove Jul. 29, 2014 4:30 AM ET    |    7 comments  |    About:   Freddie Mac (FMCC) ,  FNMA ,  Includes:  IYR ,  X HB By Saul Griffith The decision paves the way for a court case on the 'takings' plea by Fairholme Capital against FHFA. Fannie Mae, Freddie Mac vs FHFA: Jurisdiction Last week, Federal Judge Margaret Sweeney  cleared the way  for a court case that will determine whether the government's 'takings' of profits generated by GSEs Fannie Mae / Federal National Mortgage Assctn Fnni Me ( OTCQB:FNMA ) and Freddie Mac / Federal Home Loan Mortgage Corp ( OTCQB:FMCC ), under the stewardship of the FHFA, was illegal and to the detriment of the companies' shareholders. The judge ruled in no uncertain terms in her  Discovery Order  that her court had the authority to consider the merits of the lawsuit. "With respect to the...

Remember this Article from Forbes ? "Obama Administration's Lawlessness Finally Hits Home With Investors" Quote: "Fannie Mae and Freddie Mac. During the depths of the recession the Obama administration did not nationalize Fannie Mae and Freddie Mac, instead placing them under conservatorship and taking an ownership stake in the companies. Since that time, the government has sold large blocks of stock in Fannie and Freddie three times through the FDIC. While doing so, the government neglected to inform investors that it planned to keep all of Fannie and Freddie’s profits forever, even after it has been paid back in full with interest." Anyone , What are the details of the selling of large blocks of stock ? 

FHFA Can't Stop Hedge Fund Probe of GSE Dividend Plan, Judge Says A federal judge has directed regulators to stop blocking a hedge fund from conducting discovery into the government's decision to sweep Fannie Mae and Freddie Mac's profits in the coffers of the U.S. Treasury. In making her decision, U.S. Court of Federal Claims Judge Margaret Sweeney dismissed objections raised by the Federal Housing Finance Agency. "The FHFA cannot evade judicial review simply by invoking its authority" as the conservator of the two government-sponsored enterprises, she said. "This ruling is a clear indication from the court that the discovery process will continue," crowed Tim Pagliara, executive director of Investors Unite, a group representing private shareholders of the GSEs whose investments were diluted in the 2008 government takeover. "Investors deserve to know when the U.S. Treasury knew that Fannie and Freddie would become profitable and how that ...

A Purchase of Fannie Mae and Freddie Mac's Common Stock is Speculation, Not Investing By  Kingkarn Amjaroen  |  More Articles   July 21, 2014  |  Comments (8) Source: Company Fannie Mae  ( NASDAQOTCBB:  FNMA     ) and Freddie Mac  ( NASDAQOTCBB:  FMCC     ) shareholders continue to face massive uncertainty with respect to the underlying values of the common stocks of these two companies. Buying the common stock of the two government-sponsored enterprises is a speculation on Washington's inaction with respect to fundamental reform of the U.S. housing finance market. In addition, investors bet that U.S. courts will overturn the net sweep agreement and strengthen shareholder rights. Difference between investing and speculating There is a vast difference between being an investor and being a speculator. Investors do their research and are pretty much backed up by solid fundamentals relating to an investment ...

Legal hopes give new lift to Fannie, Freddie stock July 18, 2014, 12:54 PM ET SHARE: MORE Email Print Common and preferred shares in Fannie Mae and Freddie Mac rose this week after a legal ruling in favor of plaintiffs suing the government, but analysts say investors in the federally controlled mortgage-finance giants may not be any better off in the long run. On Wednesday Judge Margaret Sweeney in the U.S. Court of Federal Claims ordered that the discovery process in Fairholme Funds’ suit against the government can proceed. “The proper approach is for a court to examine the factual underpinnings and legal contentions presented by the complaint, in order to determine whether the exercise of its jurisdiction is proper,”  Sweeney wrote . Common shares of Fannie   FNMA    and Freddie  FMCC    rose almost 9% and 10%, respectively, on Wednesday. Meanwhile, the most heavily traded preferred series of Fannie  FNMAS ...

WHY are we - American shareholders of an American company - fighting with our own government for our Constitutional rights? WHY are we - American shareholders of an American company - fighting with our own government and the US Treasury for our shareholder rights? WHY is the media (Bloomberg, CNBC, New York Times, CNN, and other local and national newspapers) turning a deaf ear and blind eye to the blatant thievery and taking of citizens' property by their own government? Everyone knows the definition of conservatorship. WHY are Fannie and Freddie still in "conservatorship"? We, as American taxpayers and shareholders of two of the greatest companies in American history, are being taken advantage of. Our property has been taken to serve private government interests. First a government will seize property from its citizens, then it will take lives. Then, we become no better than a third-world nation with no rights at all. A Constitution, unfollowed, constitutes no Consitut...

Laliasia Finance Laliasia Finance  commented on  Volunteer   2 months ago tell us what is the current status of discovery or any other action than can enhance existence of  FNMA  Share holder .Is there a possiblty to stop all Carpo liek reform bill taking place till and after discovery is over Laliasia Finance  commented on  Please share your story   2 months ago Hellooooo America. I thought America is the pinnacle of Capitalism and free market that tell the world how Private capital is used to better all.What i see and experiencing now is horrendous.Private capital swallowed by the Government very Guarding of the private capital.How can we trust.I am from the other end of the world Sri Lanka.Managed to invest sure government backed securities.But i cannot imagine this happening even in the most police state in the past where private capital is taken over night without any reasons. US government statem of no being able to pay back th...

Bruce Berkowitz , manager of the $8.65 billion Fairholme Fund (FAIRX) , reduced his fund’s stake in the common stock of Fannie Mae and Freddie Mac (FNMA)  while maintaining his bet on preferred shares of the U.S.-owned mortgage finance companies. The Fairholme Fund held 13.7 million Fannie Mae common shares as of  May 31 , down from 20.5 million shares on  Feb. 28 , according to documents  filed today with the U.S. Securities and Exchange Commission. The fund’s stake in Freddie Mac  declined to 11.5 million shares from 17.2 million shares during the same period. The sales were previously disclosed in a June court filing, which showed that the Fairholme Fund on  March 11  sold 6.8 million Fannie Mae shares and 5.7 million Freddie Mac shares to partnerships run by  Carl Icahn . Berkowitz is pursuing a federal court challenge to the U.S. practice of sweeping up the two companies’ profits each quarter and is also one of several investors seekin...