Fannie Mae (FNMA)

Bill Ackman Sues America In the last year or so, hedge fund billionaire  William Ackman  has tried to destroy a company that sells diet shakes, played a prominent role in nearly driving a 112-year-old retailer into the ground, helped launch a hostile takeover of a pharmaceutical company in a way that the Securities & Exchange Commission is reportedly  examining for potential violation of insider trading law , accused  George Soros ’ family office of insider trading, and fought and made up with  Carl Icahn . Now, Ackman is suing the U.S. government. Ackman’s Pershing Square hedge fund filed a lawsuit on Thursday claiming the federal government has improperly confiscated the profits of  Fannie Mae and  Freddie Mac  since the mortgage giants were pushed into conservatorship following the financial crisis. Ackman’s hedge fund bought 10% of the common shares of Fannie Mae and Freddie Mac last year, well after the government-sponsored e...

Not A Fan Of Fannie Mae And Freddie Mac Aug. 13, 2014 11:25 AM ET    |    20 comments  |    About:   Fannie Mae (FNMA) ,  FMCC Disclosure:  The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.  (More...) Summary Lawsuits are progressing through the courts. Positive strides for the investors, but far from winning their freedom from the government. $5.4 billion in dividends from the Second Quarter, 2014 will be paid to the U.S. Treasury. Expect increased regulations on GSEs and all financial companies. Betting on Fannie and Freddie remain a high risk/high reward investment . On August 7, 2014  Fannie Mae   ( FNMA )  and  Freddie Mac ( FMCC )  released their second quarter results and posted $3.7 billion and $1.9 billion in earnings respectively to be paid to the U.S. Government as dividends. $5.4 billion dolla...

Bloomberg grossly misreports on Fannie and Freddie, again! Bloomberg has corrected TODAYS misleading article about FNMA under light of truth! Score one round for the good guys. Bloomberg backs down under light of truth! - Tim Howard Bloomberg has added the following correction to its misleading article from earlier today- “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.”. I want to thank Hawk_Eye and our other readers for helping to get this blatantly misleading story corrected. Between Barrons pulling their last hatchet job and now this quick correction I would say we are making serious progress.Its amazing what a little truth will do. I also want to inform everyone that we are preparing our first round of FOIA requests, these will be posted on the “Light of truth FOIA campaign set to launch.” post from 8...

Common Shareholders of Fannie and Freddie, Including Pershing Square and Three Individuals, File Suit against United States Government Complaint Challenges the Government’s Ongoing Confiscation of All Fannie and Freddie Profits   Pershing Square Capital Management, L.P. 14 hours ago NEW YORK--(BUSINESS WIRE)-- The complaint challenges the government’s ongoing confiscation of all profits of Fannie Mae and Freddie Mac (the “Companies”). According to the filing, the government is expropriating the Companies’ profits through a 2012 arrangement (the “Net Worth Sweep Agreements”) by which FHFA, purportedly acting as the conservator of the Companies, and Treasury agreed to strip all earnings from both Companies and sweep them to Treasury in cash, every quarter, in perpetuity. These Net Worth Sweeps implement what internal Treasury documents had earlier described as the Administration’s “commitment” to “ensure existing common equity holders will not have acc...

Bill Ackman to Sue U.S. Over Fannie, Freddie Mortgage Profits   By  Dan Freed 6 hours ago NEW YORK ( TheStreet ) --  Fannie Mae   and Freddie Mac   common shareholders led by investor Bill Ackman’s  Pershing Square Capital Management  plan to file on Friday the latest of many  shareholder  lawsuits   against the federal government tied to the profits of the Government Sponsored Enterprises (GSEs), according to a person with knowledge of the suit. Related Stories [$$] Pershing Square Sues U.S. Over Fannie, Freddie   The Wall Street Journal Pershing Square sues U.S. over Fannie Mae, Freddie Mac   Reuters Fannie, Freddie to pay $5.6B dividends to U.S. USA TODAY Shareholder adviser ISS backs Ackman call for Allergan meeting   Reuters U.S. taxpayers to get another big check from Fannie Mae, Freddie Mac   Reuters The suit joins others in contending...

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...