FMCCT News and Press, Freddie Mac 6.42% Perp Pfd From 11/20/20

FHFA, Fannie and Freddie will now turn to how the companies will be able to raise hundreds of billions of dollars needed to meet the new capital requirements. According to Bloomberg, an FHFA official said the agency wants to permanently end the sweep of profits to the Treasury. It...

FHFA released their 2020 performance and accountability report where they talk about finalizing the capital rule early FY 2021 which has already started for FHFA. Once the capital rule is finalized, it is impossible for Fannie, Freddie, Morgan Stanley and JPMorgan to work on their cap...

Carl Icahn’s 13F portfolio value decreased from $19.72B to $17.37B this quarter. Xerox was increased while decreasing Herbalife and dropping Caesars Entertainment. Also, some Occidental Petroleum warrants (22 strike, 8/3/2027 expiry) were acquired during the quarter. Icahn ...

We are yet to have a clear winner in the elections even though indications are that Biden might be the new president of the US. Surprisingly, none of the election fears materialized as the stock market surged ahead despite the uncertainties. Companies are making substantial saving...

The capital rule is set to be imminently finalized which sets off a chain of events that is contingent on Treasury's Mnuchin agreeing to a PSPA modification or bust. Once finalized, FHFA director Calabria has an obligation to request capital restoration plans (CRPs) from Fannie and Fr...

Freddie Mac (FMCC) Q3 2020 Earnings Conference Call October 29, 2020 9:00 AM ET Company Participants Jeff Markowitz – Senior Vice President of External Relations and Corporate Communications David Brickman – Chief Executive Officer Chris Lown – Chief Financial Officer Con...

I have less than a million dollars. In two months, if things go to plan, I will have more than two million dollars. I currently am allocated $375k to Genworth and $500k to Fannie and Freddie preferred. In the next 30 days I plan to move everything to Fannie and Freddie preferred w...

Fannie Mae (FNMA) and Freddie Mac (FMCC) have been retaining capital since September of last year as part of the government's plan to end their conservatorships. They are regulated by the Federal Housing Finance Agency (FHFA). Mark Calabria is the director of FHFA. Mark Calabria recently was...

This article is part of a series that provides an ongoing analysis of the changes made to Pershing Square’s 13F portfolio on a quarterly basis. It is based on Ackman’s regulatory 13F Form filed on 8/14/2020. Please visit our Tracking Bill Ackman's Pershing Square Holdings art...

Fannie Mae ( FNMA ) and Freddie Mac ( FMCC ) are two companies in conservatorship that is run by the Federal Housing Finance Agency (FHFA). Mark Calabria who wrote the law that governs FHFA, HERA 2008 , was made director of FHFA by Trump to change the course of history from one where FHFA too...