FNMFM News and Press, Fannie Mae 5.10% Pfd Ser E From 11/28/20

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...

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 ...

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...

Federal National Mortgage Association (FNMA) Q3 2020 Earnings Conference Call October 29, 2020 8:00 AM ET Company Participants Pete Bakel – Director-External Communications Hugh Frater – Chief Executive Officer Celeste Mellet Brown – Chief Financial Officer Conference Cal...

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...

Housing Sentiment Continues Rapid Recovery as Mortgage Rates Remain Near Historic Lows Eighty-three Percent of Survey Respondents Not Concerned About Losing Job in Next 12 Months, a Five Percentage Point Rise from August PR Newswire WASHINGTON, Oct. 7, 2020 WAS...

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...