FNMFM News and Press, Fannie Mae 5.10% Pfd Ser E From 02/12/21

Federal National Mortgage Association (FNMA) Q4 2020 Earnings Conference Call February 12, 2021 8:00 AM ET Company Participants Pete Bakel – Director of Public Relations Hugh R. Frater – Chief Executive Officer Celeste Mellet Brown – Chief Financial Officer Conference Cal...

The Welsh portfolio outperformed the S&P 500 over the first month of 2021. Added a small amount of additional risk to my portfolio to potentially seize the current Wall Street Bets and Robinhood volatility. Bitcoin, Virgin Galactic, and soon First Majestic Silver Company give ...

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...

Friday, Pershing Square Tontine Holdings exhibited strange price action. Shares surged before dropping back down while the SPAC is seeking a target. This resulted in further speculation around potential targets. Having followed Ackman since way back, I'm breaking down why he w...

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...