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Thread: Fannie Mae & Freddie Mac - Your Ticket to Fortune (and possibly Fame)

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  1. #126  
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    Quote Originally Posted by Diesel00 View Post
    yeah the commons seeing that I'm very new to this would be where I'm at. Not sure what preferred entails but I just bought 1000 share of fnma at $2.75
    I think you'll see $8-10 on the Common shares in the next 3-4 years, possibly much sooner.
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  2. #127  
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    Paulson, Blackstone Said to Back Plan for Freeing Fannie-Freddie -- https://www.bloomberg.com/news/artic...fannie-freddie
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  3. #128  
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    Here are the details on the Paulson/Blackstone proposal put out by Moelis. This projects Commons could be in the $9-13 range by 2018-2020. This has been near my projections as well. Long-term they could be significantly higher. My whole plan is to convert ~50% from Preferred to Common in this scenario. It's a really good read:

    https://www.dropbox.com/s/mhoquf811t...print.pdf?dl=0
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  4. #129  
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    From earlier today. Proposes what many others have suggested, that F&F never needed a bailout to begin with so why the heck are they still in Conservatorship sending the Treasury all of their profits?

    The Unsolved Case of Fannie Mae and Freddie Mac -- http://www.huffingtonpost.com/entry/...ushpmg00000004
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  5. #130  
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    Big Win on the Remand today. Blue skies from here:

    http://www.glenbradford.com/wp-conte...43-1684471.pdf


    Full opinion here:

    https://www.cadc.uscourts.gov/internet/opinions.nsf/82D64389A0983CF585258160006833BC/$file/14-5243-1684473.pdf


    "FHFA, like the FDIC before it, was given broad powers to enable it to respond in a perilous time in U.S. financial history. But with great power comes great responsibility. Here, those responsibilities and the authority FHFA received to address them were well-defined, and yet FHFA disregarded them. In so doing, FHFA abandoned the protection of the anti-injunction provision, and it should be required to defend against the Institutional and Class Plaintiffs’ claims."


    Now we get to argue our contract rights, which should be Par for Preferreds. Surprised prices didn't jump more today. I imagine we see big buying through the end of the week.
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  6. #131  
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    HUGE article from Gretchen. Some really damaging docs have been revealed. I believe we'll start to see the narrative switch in short-order following this information.

    U.S. Foresaw Better Return in Seizing Fannie and Freddie Profits -- https://www.nytimes.com/2017/07/23/b...y-lawsuit.html

    Docs here: https://www.nytimes.com/interactive/....html#document
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  7. #132  
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    Got some decent coverage on CNBC today. Announcers tried swinging the conversation towards F&F getting involved in Rental market; however, Josh and Dick pushed the Fraud discussion. This is great:

    http://www.cnbc.com/video/2017/07/24...dick-bove.html
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  8. #133  
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    More mainstream coverage today, this one from Rolling Stone:

    Newly Released Documents Show Government Misled Public on Fannie/Freddie Takeover -- http://www.rollingstone.com/politics...keover-w494007


    Josh Rosner is going to be on Closing Bell again today on CNBC. Hopefully they will give him a chance to discuss the accounting fraud and not how it affects the rental market.
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  9. #134  
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    This time CNBC allowed Rosner & Bove to discuss the fraud and theft a bit more:

    http://www.cnbc.com/video/2017/07/25...ls.html?play=1


    The truth is creeping out little by little. Get on the right side of the trade while there's still a few hundred % upside left.
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  10. #135  
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    New blog post from Tim Howard:

    https://howardonmortgagefinance.com/...-of-deception/


    Freddie Earnings: 8/1
    Fannie Earnings: 8/3


    Let's see if we can get Watt to implement a capital buffer this week or if the perpetual dividends continue as the GSEs march closer and closer to Zero Capital.
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  11. #136  
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    Big change in Freddie's 10Q wording:

    Based on our Net Worth Amount of $2.6 billion as of June 30, 2017 and the Capital Reserve Amount of $600 million in 2017, our dividend requirement to Treasury in September 2017 will be $2.0 billion. If the Conservator declares a senior preferred stock dividend equal to our dividend requirement and directs us to pay it before September 30, 2017, we would expect to pay a dividend of $2.0 billion by September 30, 2017.
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  12. #137  
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  13. #138  
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    Hope you guys are ready for some fun. Preferreds are about to party
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  14. #139  
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    Prefs still cheap, Common could see $10+ over next 1-2 years. Enjoy the easy money and don't say I didn't tell ya so!

    This was the big tell since GOP generally hates F&F. Major tide shift:

    https://prod-cdn-static.gop.com/medi...nterprises.pdf
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  15. #140  
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    We're almost to the finish line guys. Nice pop today. Much more to come for the Prefs. Hang in there a bit longer. Should see at least 80% of Par imo.

    "Preferreds to be made whole or close to it"

    https://www.bloomberg.com/news/artic...ome-into-focus
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  16. #141  
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    More positive shareholder news. We're getting close!

    https://www.marketwatch.com/story/pr..._share_twitter
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  17. #142  
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    Kuwl: Which are your favorite Prefs, again?
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  18. #143  
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    Quote Originally Posted by Steiner69eR View Post
    Kuwl: Which are your favorite Prefs, again?
    Fannie: FNMFN, FNMAM, FNMAK and FNMAS (for liquidity)
    Freddie: FMCCT, FMCCP, FMCKJ (for liquidity and 5-year lock-up), and some of the more rare shares -- FREJO, FREJP, FREJN, and FREGP (these usually trade at a discount because they're less known)
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  19. #144  
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    Wall St. Journal jumping on the band-wagon now too. Looks like this is pretty much done. 80% of Par of more is my guess. Congrats to everyone that played.

    https://www.wsj.com/articles/governm...mac-1513515600 (or for those of you without a subscription, here's a secret link you didn't get from me: http://archive.is/QdGy8)

    Took a little longer than expected, but getting 7-10x gains from when i first posted this about 1.5 years ago, that's pretty awesome.

    I'll still post updates over the next few months, but i imagine this is basically over and we're in cruise control. On to crypto.
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  20. #145  
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    How much will the common shares pay
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  21. #146  
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    How come all this good shit happening but my stock keeps going down
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  22. #147  
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    Quote Originally Posted by CHOPTALK View Post
    How much will the common shares pay
    Who the hell told you to buy Common shares? Commons are probably gonna drop more. Sell those garbage Commons and buy Preferred. Commons might have a chance in the future, but Preferred are the easy money and always have been.

    From what i'm hearing, we should be looking at ~70% of Par in the Preferred Shares.
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  23. #148  
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    what do i need to do with my 500 common shares

    how do i convert them
    never done this before
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  24. #149  
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    Quote Originally Posted by kuwlness View Post
    Fannie: FNMFN, FNMAM, FNMAK and FNMAS (for liquidity)
    Freddie: FMCCT, FMCCP, FMCKJ (for liquidity and 5-year lock-up), and some of the more rare shares -- FREJO, FREJP, FREJN, and FREGP (these usually trade at a discount because they're less known)
    never got into stocks. how are these doing? Like you forecasted? Was looking to get into it a bit.
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  25. #150  
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    Thoughts on where things stand? Thanks for your $0.02.
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