Fannie Mae (QB) (FNMAL) Cotización

Let's say my scenario #4 happens but Treasury only gets 86% of the common instead of 87% and the commons end up at $1.75 instead of $1.50. That would mean that I was technically wrong (since that specific 86%/$1.75 doesn't show up on my list) but in essence correct (in that the commons lose a lot of money from here).

I don't even remember what your scenario #4 was, and I'm too lazy to go look. I'm just going to assume that JPS were converted at par in that scenario. In that case, your $1.50 and 87% would be directionally correct and you would gloat about how "correct" you were. Either way, it means squat to me - I make money in both situations. 50% or 75% return on my $1 cost basis Commons. Not as much as I'd want based on the investment timeline, but the Preferred would then put me firmly into the win territory.

Nitpicking on that level doesn't disprove my methodology at all. I don't have to account for millions of scenarios (that still wouldn't cover every possibility) in order to make a rigorous framework.

Likewise, I don't need to account for your narrower view and come up with a competing percentage of "probability" for YOUR scenarios for me to have a rigorous framework. All that would do would give you more things to argue about, and let's face it, you are EXHAUSTING! If you are comfortable with your probabilities, that's all that matters. My opinion means squat.

No consideration for gains at all? Or the opportunity cost of a small gain or breaking even on the common when the juniors triple or more due to their own conversion?

Yes, consideration for gains, but not limited to the JPS multiplier. Common gives me additional upside, JPS give me risk mitigation. Opportunity cost - no. I'm not chasing or comparing opportunities to get a higher return. I have the balance of common/JPS I want. This investment is to achieve specific goals.

FYI, delta is the difference in share price between Fannie and Freddie.

try and score cheap points via name-calling and technicalities

Oh wow that's rich. Me calling you a hypocrite is "name-calling" but when you do it, it's "educating" people. LOL!! As I've said before, I am just using your tactics against you, so you know how it feels and maybe realize how ridiculous you sound. FWIW, you are the queen of technicalities!

If you think your model is so much better than mine, post it.

You are putting words in my mouth. I have never said my methods are better than any other method. Evidence of yet another thing you accuse others of CONSTANTLY, but never realize when you are doing it yourself. It's truly amazing - everything is fine when you do it, but you call out others for doing it. Or as you would post: :pot: :finger: :kettle: once again. Hypocrite.

A fourth-grader could handle the math

Well then there is no point to me explaining it then, is there? I'm pretty sure nobody here wants me to explain 4th grade math. Maybe you should just get a tutor?

Warrants will get canceled here soon!!! Shareholders will not get screwed twice. You can take that to the bank!

Yes, we have been through this before, but you are the one who has things wrong here.

Well you are entitled to your opinion, and I'm entitled to mine. The resolution will be coming so we will see who is more "wrong" - time will dissolve opinions into cold hard facts.

Jury verdicts have no precedential power in other circuits or in other cases, and the fact that the NWS was found to have breached the implied covenant means any actions taken by FnF afterwards that don't harm shareholders relative to the NWS not a breach themselves because Judge Lamberth said reasonable investor expectations are set as of the most recent change in the contract (which was the NWS itself when it comes to future alleged breaches).

Huh? So the Jury verdict once entered as final judgement, holds less weight than a singular comment the Judge made? Not that I'm disagreeing with "reasonable investor expectations" are set based on changes that occur over time. That's fine. But that doesn't mean that every "change" that occurs is valid in the eyes of a reasonable shareholder. Any contractual change that is a violation of the shareholder agreement would still be a breach - anything that thwarts the shareholder's side of the agreement. That could be NWS 2.0 or it could be a different breach. This is so simple, I just don't understand why you don't get it.

It’s already done…release behind the scenes will be formalized very soon, like immediately.

That’s your style not mine.

What’s right is right and what’s wrong is wrong,

You need a deal or wait another ten years? In a deal, you have to give in something nomatter however unwilling 

Unbelievable that some people are saying to take the warrants. What a bunch of morons.

Seriously ?  Pulte asking for our input ?  I love dis guy.

If you have any ideas on what Fannie or Freddie could be doing better, pls let me know in the replies. All feedback is welcome. ALL!— Pulte (@pulte) March 14, 2025

Actually I would love for someone to explain to me how releasing them would make interest rates go up ...

Quick question just to be clear is the common share due dividends under normal circumstances? 

All,
Please reply post your ideas

Pulte is a posting and communication machine

No way big news will be kept a secret for much longer

Release the plan already done months ago

Go FnF

1 and done

PS. Ignore any calls from cat man

Have your voice heard!:


If you have any ideas on what Fannie or Freddie could be doing better, pls let me know in the replies. All feedback is welcome. ALL!— Pulte (@pulte) March 14, 2025

Dream On - the real reason is that they want to make sure they (through straw men) are fully loaded up themselves, AND make sure they let their friends know, well in advance,
that they're ready to move with Release

from Grok 3.0 on GSEs ending Conservatorship ...

They will need knew boards when they are released. The new boards will then need to create stock incentive plans fir enployees.  Then they will need new CEOs. 

I quit the rat race in 2008 but always happy to have more money which equals more fun + good works.

Release + lots of shares = Retirement 🤑

Both Bissent and Pulte said they want to be sure mortgage rates do not go up when they release the Twins.

Without options how is that calculated?

Ummm try to spell the word correctly and maybe you won't look so stupid.

"Put these two in the blender and whatcha got???"

The movie "Lost In Space"?

1 + 1 = Release

You have no clue, do you? LOL!

QUOTE Bessent - I have no problem releasing FNF as long as mortgage rates do not rise ( If Pulte wants release, yes )

QUOTE Pulte - mortgage rates drop for sixth consecutive week

Put these two in the blender and whatcha got???

1.05 your drunk or just born stupide

She told me she was 18?

Delta is $1.05 right now.

👌👍🌋💥

I’m confused as to what it means?

No please remind me!

Thank you Sir,

Navy “ Thanks Bill - I understand it only requires your request to UPLIST Fannie &
Freddie back to the NYSE ... PLEASE Help US get this done ASAP!

Fannie Mae & Freddie Mac
When we are released, keep a sharp eye
on our Board of Directors, and Officers for
deceptive dealings, fraud, breaches of their
duties to investors and the government (which
are criminal) as fiduciaries to the people. As
I've mentioned before, the imposition of the
Conservatorship, to a great extent, was
to shield Board Members and Officers from
the consequences of a derivative suit by
shareholders, that would have resulted in
civil and criminal charges against them.
Watch them closely

Bill is ON the JOB - looking FWD to mega MAGA GSEs !

certainly hope GSE NYSE UPLISTING was discussed !

This tweet could jolly well propel us to $6.50 EOD.  For sure conservatorship was discussed.

Gasbag is posting about Bill Pulte & Fannie/Freddie - clueless as usual

Calling all whales.

We all remember what Bessent said, do we?

Boom boom boom rocket kabobs boom.

I had good conversations with the Fannie Mae CEO and Freddie Mac CEO, and I look forward to working with them!— Pulte (@pulte) March 14, 2025

Pulte just tweeted - mortgage rates down 6 straight weeks ( HINT )

Thanks FrostyEmpire - I am wondering if since they are in Conservatorship Pulte can restructure them without any Antitrust or Charter issues. Once restructured maybe there will be legislation to allow them to merger to lower mortgage rates and increase the value of the shares in the market on behalf of the UST and public shareholders. Just speculation on my part but it would definitely be in the wheel house of competency for Ackman, Pulte and Phillips ( who is not at FMCC). Probably unlikely but it would be the best way forward since it should all be about lowering the MBS spread now for the benefit of home buyers.

"Today's 10% gain is just to celebrate we have a Trump FHFA Director appointed now. The stage is ready, so Trump can do whatever he wants to do (to release Fannie and Freddie) quick and smooth. The next step is for Trump to issue a WH Memo to US Treasury to request for ending the Conservatorship asap."

On the to-do list, there is a pecking order. Your "next step" is near the bottom of that list if it's on the list at all. There are, in reality, much bigger fish needing to be fried. I hope I'm wrong but don't see quick anywhere around this joint.

That's what all my dates say.

I think it’s over

Today's 10% gain is just to celebrate we have a Trump FHFA Director appointed now. The stage is ready, so Trump can do whatever he wants to do (to release Fannie and Freddie) quick and smooth. The next step is for Trump to issue a WH Memo to US Treasury to request for ending the Conservatorship asap.

The one big beautiful bill.

" It takes few hrs. to steal but days to recover."

Wrong, it takes a few hours to steal and DECADES to recover,