Forrest Gump Luck
2 hours ago
The stock is dropping because Biden is gaining on Trump in, Michigan, Pennsylvania, and Wisconsin. The debates coming up no matter what happens. It’s more unlikely that Donald Trump doesn’t come out and net winner. It best bet is not debate at all, but that’s also going to cost him. It’s all riding on white suburban women in those states. Trump only has to win one of those states. Biden needs all three + Omaha. Republicans in Omaha are trying to change the way electoral votes are awarded. If Trump wins one of those states and Biden doesn’t win Omaha, it’s a tie. Trump wins a tie, as it will be decided in the house. Hopefully it doesn’t come to that.
Wise Man
2 hours ago
Since the Treasury chose a 3-option Privatized Housing Finance System revamp for the release, it's Congress the one in charge of the release with one of the three options.
The FHFA and the Treasury just have to come clean about what they've done (Charter-unauthorized CRTs, PLMBS lawsuit settlement, Separate Account, etc.).
You write too much to mislead the retail investor, under the orders of your boss, Pagliara.
Congress didn't put Fannie and Freddie in Conservatorship. FHFA did. It can also release them.
Wise Man
3 hours ago
Quit posting the same BILL because we already have a LAW requiring the Treasury to come out with an end point for the conservatorships, and the subsequent 2011 Report to Congress with a 3-option Privatized Housing Finance System revamp, plus recommendation of guarantee fee increases, so FnF adopt the Basel framework like the fully private banks. In the end, it's all about removing their privileges, from delivering below-market g-fees, low capital standards, their PLMBS Investment Portfolio funded by low-cost borrowing and, eventually, the most valuable privilege of all, the UST backup of the enterprises at rates similar to Treasuries, that is, Charter revoked. The idea that the shareholders can't benefit from the privileges of the companies they own, which is what all the plans of deception are for, is insane.
You remind me of the Treasury Department of Mnuchin in his 2019 Housing Reform plan pursuant to a Presidential Memorandum, attempting to supplant the aforementioned real thing, when he said:
It was a law that, precisely, required the Treasury to come up with an end point. So, we already have the specific point.
Ignoring or covering it up, won't change this fact.
Even Christopher Whales, a FnF hater, said that "Post Dodd-Frank, FnF must be private". He conceals that it's been 15 years in the making.
We know that the FHEFSSA established MANDATORY release when FnF are classified Undercapitalized (TIER 1 Capital > 2.5% of Adjusted Total Assets) Source, struck by HERA but it's there to ponder. If the FHFA surpassed it, it's because it wants to get rid of the unwanted Equity holders, the AT1 Capital holders (JPS), and that's achieved only when CET1 > 2.5% of ATA.
TIER 1 Capital = CET1 + AT1 Capital.
Mnuchin and Calabria required a CET1 > 3% of ATA for the release in the January 2021 PA amendment (Source), clearly an overblown figure that proves that Mnuchin was just thinking of a swap of the JPS from his buddy Berkowitz, for Cs. And Calabria is a puppet, because the outcome is TIER 1 > 3% of ATA and thus, above the minimum capital requirement of TIER 1 > 2.5%, in the ERCF that was released one month later (effective February 16, 2021). It's required consistency in the figures.
Clearly, Mnuchin was told at the time that the FHFA wanted to get rid of the unwanted JPS holders, and he wanted a swap JPS for Cs to make up for their losses, instead of more years with a Non-Cumulative dividend suspended. That's why the lack of consistency between his CET1 >3% of ATA and the ERCF.
Under the Separate Account plan (normal Conservatorship carried out secretly. Watch my signature image below) and as of end of the 1Q2024, FnF can redeem the JPS and then, their Capital Buffer would be greater than the 25% of total Prescribed Capital Buffer required for the dividend resumption (Table 8 of the Capital Rule: Payout ratio). Perfect timing for a Housing Finance System revamp, and everything working in harmony under the Rule of Law and basic Finance.
If the JPS holders are annoyed with this overtime, because the JPS should have resumed the dividend payments in late 2022 in Fannie Mae (The moment their Fair Value fetches its par value. Fair Value chart of $FNMAS) and one year earlier in Freddie Mac, no one cares. Harsh but, as long as it's lawful, it's okay.
This is called "Conservator Risk", that is, "any action authorized by this section in the best interests of FHFA" (conservator's Incidental Power). On top of Regulatory Risk, when the weight for the Leverage Ratio increased from 0.45% in the FHEFSSA, to a whopping 2.5% of MBSs. Yet, below the U.S. banks with 3%.
Let alone with the shenanigans of the Lamberth rebate and implied contract by your friend whom you send emails regularly, the unsophisticated lawyer Hamish Hume. There are no rebates in the stock market.
No one can make up for their losses for 1 and 2 years of dividend waived.
You've been called out about the theme of the BILL by representative Ogles in numerous occasions, but you are here just to collect 📬️.
real777mellon
6 hours ago
I am not a fraud. Tim Pagliara defended the journalist who wrote paid puff pieces for Elizabeth Holmes and Sam Bankman-Fried. He said he was friends with Roger Parloff. I realized Tim was sketchy because he puts so much emphasis on this FHFA and his analysis lacks any understanding of market dynamics and conditions upon exiting conservatorship, let alone that the Trump admin with dissolve of name his FHFA director Day 1 as his letter in 2021 to Rand Paul said.
Tim decided to be a jackass and insult me so I dug into his website. $1.4B in AUM he says his CapWealth Advisors LLC manages > there is no SEC registration for his "AUM" - you need to register at $100M AUM... I did find he's a TN state registered financial advisor - which is why he probably lies about managing assets to begin with -> he sells people "advice" on investments.
There was an SEC charge of a client he didn't disclose conflicting interests that lost his advised client money and Tim gained money on the other side of his advice -- as if being a liar to lure customers to trust you in the first place is not a fraud.
Now as for you. I did accuse one person of fraud that I just explained and my proof is on the past 48 hours of my tweets which is why @TimPagliara blocked me the minute I brought up his SEC charges in 2020 for fucking his client by not disclosing his conflicting interest in what he told his client to invest in.
There's SEC proof. I didn't ACCUSE anyone. I pointed out who has been CHARGED by the SEC as well as an easy search will show there is no $1.4B AUM that he manages. He probably doesn't even own $FNMA $FMCC or PFD. He says he fights for our rights and has blocked a US Navy veteran and stakeholder in this company for god sakes because he called him out on something fishy. Who fights for people's rights and blocks veterans?
I have my LLC registered. I'm happy for you to dox me. That's why I don't hide the fact me and my partner met in baseball in the minor league level after college up in Canada but are both from the US and we decided to start a proprietary investment firm with our own money (that's proprietary) and I use my business LLC name to real-time HONEST positions and if I have a fraud lurking in one of my companies I invest in, then F that guy. Shame on you for defending him. I left all the proof and sources are linked. By the book.
My goal is to manage a small amount of money based on the record of our Small Business Account our LLC used IBKR pro with accredited status and global access to long value bets on stocks only. We are Charlie Munger believers in the big money being in the waiting. I take people projecting that I AM A FRAUD using my business account seriously. I send the information of all Tim's proxies he sent to me thinking I take the shit my friend Marc Cohodes gets for calling out Ryan Cohen as a fraud, but I am just starting out and not a Wall Street retired legendary short seller who policed markets by taking down frauds (when short selling was quietly done and revered).
I have said enough on this if I see you or anyone else continue this bogus behavior I am not hiding and our current position is 72,000 shares of concentrated 100% on $FNMA because that's how we roll. We believe in both companies so no need to have a war here over the different types of shares.
I don't have a webpage because I don't take outside money. I told you we use our own money. Ever see the Big Short and the two dopes Brad Pitt helps go from their garage to getting an ISDA swap contract agreement to short the housing market? We run our own money and our success is in our performance. If we don't perform we don't make money to roll into other AUM.
We don't take outside money and twitter has time stamps for me to prove I said what when and it's attracted Marc Cohodes and another Wall St SVP and Board of Directors member at Lehman Brothers as well as Oppenheimer Partners who has EM properties with a 5 star hotel in Buenos Aires he bought in 2007 for 300K and fixed up to get 5 stars and 600+ TripAdvisor ratings of 4.8 stars in the diplomat village of the capital. President Macri in 2015-2019 had daily lunch conferences with diplomats from the world over at his hotel and invited him to his 50th Bday. Roger Federer has rented his entire hotel out. He has invited us to his luxury vineyard to a community that is private and invite only for young entrepreneurs to live in Argentina's beautiful wine country in San Rafael and the company financing is a done deal - its our first physical asset in our LLC we believe it's going to be 10-20x it's value we get it for in the next 10 years. I can prove ALL of these things. So you may EMAIL ME BECAUSE THAT IS WHY I HAVE THAT DOMAIN AND NO WEBSITE. MOST PLACES YOU REGISTER A BUSINESS ACCOUNT AT WHETHER ITS A BROKERAGE OR A DAMN LEGAL SITE WITH INVESTOR INFO AND LEGAL ARTICLES FOR THOSE IN FINANCE AND LEGAL PROFESSIONS...
TRECCIA@STANKONIA.CAPITAL
From there I will be happy to zoom with you because again - this is my business I show my face I can show a live portfolio in our LLC account with 72,000 FNMA there as well as the contract for our invitation along with a deck to Algodon Wine Estates new private residences called The Pinnacle Club by Scott Mathis my Lehman and Oppenheimer - Emerging Market luxury real estate and wine/fashion CEO friend who has been impressed enough with our performance to offer us a great place to start building outside clientele in 2025 when our residence is completed.
I can prove just about everything about me is legit. As well as my partner.
You JOoa0ky better tread lightly on your wording. I don't accuse. This actually is a man charged by the SEC and is not a $1.4 AUM fund manager. Nor is he a Chief Investment Officer in practice but that's what the financial advisor says on his website.
https://www.sec.gov/litigation/litreleases/lr-24985
Got it?
Email me I'll verify anything. I'm not hard to find.
I'm sick of the fraud in this market from the FHFA and the Biden Yellen FED FDIC FHLB etc. I don't take shit from punks who tarnish my business because they think I have no teeth even after they know the guy has SEC charges - lets go over the charges too and the FRAUD specifically:
Begins on Page 24 of the SEC Complaint on behalf of the clients Pagliara fee harvested and amongst other things and used third party broker-dealers with no actual authority to manage the assets himself but just as an advisor with affiliates or a clearing broker-dealer (assets managed unaffiliated corp without customer knowledge): https://www.sec.gov/files/litigation/complaints/2020/comp24985.pdf
COUNT I – FRAUD
Violations of Section 206(2) of the Advisers Act
[15 U.S.C. § 80b-6(2)]
101. Paragraphs 1 through 100 are hereby re-alleged and are incorporated
102. Defendants, acting as investment advisers, by use of the mails or
means or instrumentalities of interstate commerce, directly and indirectly engaged
in transactions, practices, and courses of business which operated as a fraud and
24
Case 3:20-cv-01064 Document 1 Filed 12/11/20 Page 24 of 28 PageID #: 24
deceit upon clients and prospective clients, all as more particularly described
above.
103. By reason thereof, Defendants violated and, unless enjoined, will
continue to violate Section 206(2) of the Advisers Act [15 U.S.C. § 80b-6(2)].
COUNT II – FRAUD
Violations of Section 206(4) of the Advisers Act and Rule 206(4)-7 thereunder
[15 U.S.C. § 80b-6(4) and 17 C.F.R. § 275.206(4)-7]
104. Paragraphs 1 through 100 are hereby re-alleged and are incorporated
herein by reference.
105. Section 206(4) of the Advisers Act [15 U.S.C. § 80b-6(4)] provides
that it is unlawful for an investment adviser to engage in an act, practice or course
of business which is fraudulent, deceptive or manipulative. It further states that the
Commission shall issue rules to define and prescribe measures to prevent such
misconduct. Rule 206(4)-7 under the Advisers Act [17 C.F.R. § 275.206(4)-7]
requires, among other things, that investment advisers registered with the
Commission adopt and implement written policies and procedures reasonably
designed to prevent violations, by the investment adviser and its supervised
persons, of the Advisers Act and its rules. Such investment advisers must also
review the adequacy of those policies and procedures and the effectiveness of their
implementation, at least annually.
106. CapWealth failed to adopt and implement written policies and
25
Case 3:20-cv-01064 Document 1 Filed 12/11/20 Page 25 of 28 PageID #: 25
procedures reasonably designed to prevent Defendants’ inadequate conflicts
disclosures and failure to seek best execution arising from their mutual fund share
class selection practices.
107. By reason thereof, CapWealth violated and, unless enjoined, will
continue to violate Section 206(4) of the Advisers Act [15 U.S.C. § 80b-6(4)] and
Rule 206(4)-7 [17 C.F.R. § 275.206(4)-7] thereunder.
PRAYER FOR RELIEF
WHEREFORE, the Commission respectfully prays for:
I.
Findings of fact and conclusions of law pursuant to Rule 52 of the Federal
Rules of Civil Procedure, finding that the Defendants named herein committed the
violations alleged herein.
II.
Permanent injunctions enjoining Defendants from violating, directly or
indirectly, Section 206(2) of the Advisers Act [15 U.S.C. § 80b-6(2)].
III.
A permanent injunction enjoining Defendant CapWealth from violating,
directly or indirectly, Section 206(4) of the Advisers Act [15 U.S.C. § 80b-6(4)]
and Rule 206(4)-7 thereunder [17 C.F.R. § 275.206(4)-7].
26
Case 3:20-cv-01064 Document 1 Filed 12/11/20 Page 26 of 28 PageID #: 26
IV.
Disgorgement by Pagliara and Murphy of all ill-gotten gains or unjust
enrichment with prejudgment interest, to effect the remedial purposes of the
federal securities laws.
V.
An order pursuant to Section 209(e) of the Advisers Act [15 U.S.C. § 80b
9(e)] imposing civil penalties against Defendants.
VI.
Such other and further relief as this Court may deem just, equitable, and
appropriate in connection with the enforcement of the federal securities laws and
for the protection of investors.
JURY TRIAL DEMAND
Pursuant to Rule 38 of the Federal Rules of Civil Procedure, the
Commission demands trial by jury in this action of all issues so triable.
Dated this 11th day of December, 2020.
Respectfully submitted,
/s/ Kristin W. Murnahan
M. Graham Loomis
Regional Trial Counsel
Georgia Bar No. 457868
Tel: (404) 842-7622
Email: loomism@sec.gov
clarencebeaks21
7 hours ago
Barron, and Rodney elsewhere in reply, thank you for looking into this. But I still do not reach the same legal conclusion.
To me, the key is that FNMA’s charter Act Section 303 states quite plainly that it covers “preferred stock”. Ergo, any effort to try and fit the senior preferred stock into a section other than 303 is problematic at best, and simply runs afoul of 303’s plain language at worst.
That said, I can see how Section 304(g)1(A) might cause wonderment. That section authorized UST to purchase “any (FNMA) obligations and other securities” —which refers firstly (clearly) to debt and secondly to non-debt. But so what? The purpose there is to grant “authority to Treasury”, as it says. So considering 303 and this paragraph’s purpose, it seems far-fetched to think that 304(g)1(A) pulls double-duty as a silent, implied authority mechanism for some but not all FNMA preferred stock.
Thus, since in my view the Sr Preferred do not fall under 304, they do not qualify as a regulated “product” under HERA.
I may be wrong but I think that’s how a lawyer would see it. That’s how I see it, anyway. But your approach is a novel one so I wish you the best with it. If no one files suit we will never know, so until that happens it’s worth less than cyber ink. Good luck.
NeoSunTzu
11 hours ago
FNMA's Summer 2016 Price Movements: Analysis and Comparison to 2024 (post on Reddit yesterday)
During the summer of 2016, FNMA stock displayed notable volatility, starting with a period of stagnation followed by a sharp increase and a subsequent decline. These fluctuations were likely influenced by investor reactions to regulatory news and market forecasts within the housing sector, which Fannie Mae significantly underpins.
Comparing this to 2024, another election year, similar patterns of volatility can be seen. Election years often bring increased uncertainty in markets, especially for entities like FNMA that are closely tied to government policies.
In November 2016, FNMA experienced a significant surge in its stock price, likely driven by investor optimism surrounding potential regulatory changes post-election. Looking ahead to November 2024, a similar surge could be expected. As another election year, investor sentiment may once again be influenced by the electoral outcome, with anticipations of policy adjustments potentially catalyzing movements in FNMA's stock.
https://www.reddit.com/r/FNMA_FMCC_Exit/comments/1di59ux/fnmas_summer_2016_price_movements_analysis_and/
navycmdr
13 hours ago
FHFA Releases Latest Non-Performing Loan Sales Report
IMMEDIATE RELEASE - 06/18/2024
The Federal Housing Finance Agency (FHFA) today released the latest report on the sale of non-performing loans (NPLs) by Fannie Mae and Freddie Mac (the Enterprises). The Enterprise Non-Performing Loan Sales Report includes sales information about NPLs sold through December 31, 2023. Borrower outcomes reflect NPLs sold through June 30, 2023.
The sale of NPLs reduces the number of deeply delinquent loans in the Enterprises’ portfolios and transfers credit risk to the private sector. FHFA and the Enterprises impose requirements on NPL buyers designed to achieve more favorable outcomes for borrowers than foreclosure.
This report shows that the Enterprises sold 168,364 NPLs with a total unpaid principal balance (UPB) of $30.9 billion from program inception in 2014 through December 31, 2023. The loans included in the NPL sales had an average delinquency of 2.8 years and an average current mark-to-market loan-to-value (LTV) ratio of 83 percent (not including capitalized arrearages).
NPL Sales Highlights:
--- The average delinquency for pools sold ranged from 1.1 years to 6.2 years.
--- Fannie Mae has sold 114,993 loans with an aggregate UPB of $20.6 billion, an average delinquency of 2.8 years, and an average LTV ratio of 80 percent.
--- Freddie Mac has sold 53,371 loans with an aggregate UPB of $10.2 billion, an average delinquency of 2.7 years, and an average LTV ratio of 88 percent.
--- NPLs in New Jersey, New York, and Florida represent 40 percent of the NPLs sold.
Borrower Outcomes Highlights:
--- The borrower outcomes in the report are based on 160,576 NPLs that were settled by June 30, 2023, and reported as of December 31, 2023.
--- Compared to a benchmark of similarly delinquent Enterprise NPLs that were not sold, foreclosures avoided for sold NPLs were higher than the benchmark.
--- NPLs on homes occupied by borrowers had the highest rate of foreclosure avoidance outcomes (46.9 percent foreclosure avoided versus 17.7 percent for vacant properties).
--- NPLs on vacant homes had a much higher rate of foreclosure, more than double the foreclosure rate of borrower-occupied properties (76.0 percent foreclosure versus 29.1 percent for borrower-occupied properties). Foreclosures on vacant homes typically improve neighborhood stability and reduce blight as the homes are sold or rented to new occupants.
--- The average UPB of NPLs sold was $183,312.
FHFA will continue to provide reporting on NPL sales borrower outcomes on an ongoing basis.
Read the latest Non-Performing Loan Sales Report.
https://www.fhfa.gov/sites/default/files/2024-06/Dec-2023-NPL-Sales-Report_0.pdf
navycmdr
13 hours ago
Enterprise Non-Performing Loan Sales Report - December 2023
Published: 06/18/2024
The Enterprise Non-Performing Loan Sales Report includes information about Non-Performing Loans (NPLs) sold through December 31, 2023 and reflects borrower outcomes as of June 30, 2023, on NPLs sold through December 31, 2023. The sale of NPLs by Fannie Mae and Freddie Mac (the Enterprises) reduces the number of deeply delinquent loans held in their inventories and transfers credit risk to the private sector. The sales help achieve more favorable outcomes for borrowers and local communities than the outcomes that would be achieved if the Enterprises held the NPLs in their portfolios. The sales also help reduce losses to the Enterprises and to taxpayers. NPLs are generally one year or more delinquent. Purchasers of Enterprise NPLs are subject to requirements published by FHFA, which have been enhanced over time as described on page 3 of the report.
This report provides information about the Enterprises' sales of NPLs and borrower outcomes post-sale. The report contains the following key information:
Quantity and attributes of NPLs sold from August 1, 2014, through December 31, 2023.
Borrower outcomes as of December 31, 2023, on NPLs sold through June 30, 2023.
Borrower outcomes post-sale compared to a benchmark of similarly delinquent Enterprise NPLs that were not sold.
Pool level information and outcomes, including the buyers of the NPLs*.
Some pools have reached the end of the required four-year reporting period. Outcomes for these pools are held constant at the four-year mark.
?This report shows that, through December 31, 2023?, the Enterprises sold 168,364 NPLs with an aggregate unpaid principal balance (UPB) of $30.9 billion. The loans included in the NPL sales had an average delinquency of 2.8 years and an average current mark-to-market LTV ratio of 83 percent, not including capitalized arrearages. Average delinquency for pools sold ranged from 1.1 to 6.2 years.
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