FMCCT News and Press, Freddie Mac 6.42% Perp Pfd From 02/14/21

Fannie Mae management is very excited about the PSPA Amendment as it moves them towards eventually exiting conservatorship. Fannie Mae management says that the best way to protect taxpayers is to become investable attract risk capital from the private sector. Freddie Mac meets all...

Freddie Mac (FMCC) Q4 2020 Earnings Conference Call February 11, 2021 9:00 AM ET Company Participants Jeffrey Markowitz – Senior Vice President-External Relations and Corporate Communications Chris Lown – Chief Financial Officer Conference Call Participants Presentation Jeffrey ...

I'm projecting AGNC will report a combined modest unrealized loss on available-for-sale securities and investment securities measured at FMV for the fourth quarter of 2020. Most generic 15-year and 30-year fixed-rate agency MBS coupons had minor-modest price fluctuations during the qu...

Retained earnings alone are insufficient to adequately capitalize the Enterprises. Until the Enterprises can raise private capital, they are at risk of failing in the next housing crisis. Treasury will not be getting any dividends from Fannie and Freddie for 11 years unless they restr...

Fannie and Freddie have been in conservatorship 4,500+ days now, since September 7, 2008. Actual effort was never really put into ending the conservatorships until March 27, 2019 when the White House issued a Memorandum with the top priority of ending the conservatorships. A close...

Fannie Mae and Freddie Mac are unable to raise third-party capital without a SPSPA Amendment and are rapidly reaching their capital buffers. If not all the preconditions for the SPSPA modification have been met, the vast majority have been. It appears that everything is set for immine...

A framework for the recapitalization and release of Fannie Mae and Freddie Mac from conservatorship is on Treasury Secretary Steven Mnuchin's desk. Wall Street bankers have been meeting with Treasury and have seen that the framework has input from FHFA's Mark Calabria. After years...

Fannie and Freddie's critics seem to incorrectly think that Fannie and Freddie need to raise money and exit conservatorship before inauguration or Biden will nationalize them. Fannie and Freddie's equity will be restructured and then they will be put on the path to eventually exit con...

Bruce Berkowitz’s 13F stock portfolio value increased this quarter from $598M to $653M. Fairholme decreased Kraft Heinz and dropped Occidental Petroleum during the quarter. The 13F portfolio is mostly invested in St. Joe Companies stock. For further details see: T...

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...