FNMFM News and Press, Fannie Mae 5.10% Pfd Ser E From 06/23/21

Bruce Berkowitz’s 13F stock portfolio value decreased this quarter from $1.24B to $1.21B. The portfolio value remained almost steady this quarter. The 13F portfolio is mostly invested in St. Joe Company. For further details see: Tracking Bruce Berkowitz's Fairholm...

SitusAMC's Tim Rood has been hosting episodes of "On The Hill" with people who talk about the housing industry. The most recent episode, episode 10, features Craig Phillips who wrote the Treasury Housing Finance Reform Plan. Craig Phillips points out the biggest reason Mnuchin did...

Carl Icahn’s 13F portfolio value increased from $20.06B to $23.85B this quarter. They added FirstEnergy and increased Bausch Health & Dana Inc. while reducing Herbalife. Icahn Enterprises, Occidental Petroleum, and CVR Energy are the three largest positions. For f...

John Paulson’s 13F portfolio value increased from $3.85B to $4.35B this quarter. Paulson & Company added Perpetua Resources and increased Alexion Pharmaceuticals while dropping Discovery and ViacomCBS during the quarter. Their top three positions are at 45% of the entir...

Bill Ackman’s 13F portfolio value increased from ~$10B to ~$10.46B this quarter. Pershing Square added Domino’s Pizza and increased Howard Hughes Corporation while dropping Starbucks. The largest three 13F positions are Lowe's Companies, Hilton Worldwide Holdings, an...

Legal rulings for GSE APA Claims have been making progress since 2017 and have now made their way to the Supreme Court. Fannie and Freddie enable the 30-year fixed rate mortgage and thus the American Dream. A growing number of judges have been seeing shareholder claims more favora...

I am projecting AGNC will report a combined notable unrealized loss on available-for-sale securities and investment securities measured at FMV for the first quarter of 2021 (MBS investments). Lower coupon generic 15- and 30-year fixed-rate agency MBS coupons had notable price decrease...

According to the government's lawyers in front of the Supreme Court, the anti-injunction clause only bars claims not being with objective rational justification taken to preserve and conserve assets. Prior case law seems to suggest that the government's path to victory was based on th...

FHFA's Mark Calabria responds to industry concerns of shrinking footprint saying that Fannie and Freddie cannot legally knowingly take risk against PSPAs. In other words, he is saying that the PSPAs are not capital, he argues that there are misperceptions out there that think that the...

A few months late last year and early this year, investors have been dumping their portfolios of GSE equity securities because Mnuchin didn't take decisive action. The last 30 days seem to show a renewed focus and enthusiasm for Fannie and Freddie equities with buying starting to come...