FNMFN News and Press, Fannie Mae Pfd Ser O Var Rate From 04/26/22

I am projecting AGNC will report a combined extremely notable unrealized loss on the company’s on-balance sheet MBS/investments for the first quarter of 2022 (mainly fixed-rate agency MBS). Generic 15- and 30-year fixed-rate agency MBS coupons had extremely notable price decrea...

Third Avenue Management is a New York City-based asset manager founded in 1986 that utilizes a disciplined, value-oriented, and asset-based approach to investing in publicly traded securities. Recognizing that security prices can fluctuate from quarter-to- quarter, and that true value...

"Adequate capital is a necessary precondition for either Enterprise to exit from conservatorship." reads FHFA's Strategic Plan. The government's motion for summary judgment attempts to relitigate settled law and otherwise doesn't knock down all the plaintiff's damage models. The b...

FHFA's Sandra Thompson says the GSEs have barely any capital and that adequate capital is a precondition for exiting conservatorship. Sandra Thompson says she can't unilaterally end the conservatorships, presumably because the Senior Preferred Stock Purchase Agreement with Treasury pr...

Carl Icahn’s 13F portfolio value decreased from $22.52B to $22.29B this quarter. They increased Southwest Gas Holdings during the quarter. Icahn Enterprises, Cheniere Energy, and Occidental Petroleum are the three largest positions. For further details see: Tracki...

Sandra Thompson, acting director of the Federal Housing Finance Agency (FHFA), says Fannie and Freddie are being prepared to exit conservatorship. Sandra Thompson predicts if Fannie and Freddie exit conservatorship, it will be the largest IPO ever. There are signs that Treasury is...

John Paulson’s 13F portfolio value decreased from $3.51B to $3.24B this quarter. Paulson & Company increased Pacira Biosciences and SSR mining while reducing Brightsphere Investment Group and Thryv Holdings. The top three positions are at 49% of the portfolio. For...

Bill Ackman’s 13F portfolio value increased from ~$9.46B to $10.58B this quarter. Pershing Square decreased Hilton Worldwide Holdings marginally this quarter. The largest three 13F positions are Lowes Companies, Hilton Worldwide, and Chipotle Mexican Grill. They together ac...

FHFA has now finalized the capital rule that Fannie/Freddie can use to chart their path out of conservatorship and have more than 2 months to do so. Industry stakeholders are advocating Treasury should take $100B from its equity position and allocate that to affordable housing and oth...

Prior GSE executives think the Biden administration will take all the steps to recap and release but will leave $100B on the table. In the first half of this year, it looks like Fannie Mae will be reporting how much capital it has and needs and coming up with plans to resolve this. ...