FNMA Discussion Topics 08/28/2014 21:32:16 $FNMA
fnma was forced by fhfa to write down 60 billion it never lost in the first two quarters of conservatorship
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eckgar1 • 10 hours ago
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fnma was forced by fhfa to write down 60 billion it never lost in the first two quarters of conservatorship
this is why the dta came back. THE real trick to it all is this 60 billion added to the 118 billion that Fannie supposedly owes to the treasury, and that they were required to pay 10% interest on in dividends.
can you see the truth? take away the 60billion and take away the interest on the larger number over the last 5 years and how much was REALLY needed? maybe 30 billion.
Now it does not take a genius to see this, and HOW much Fraud money has the FHFA collected from banks FOR fannie mae? lets say 30 billion.
No matter how you look at it the TBTF banks only paid 10 cents on the dollar in settlements of their real valued of crime, so the real crime was upwards of 200 billion, and fannie needed 30 billion.
It really is that simple, Fannie is being Raped and enslaved daily. Courts will see this truth. If America had actual reporters the story would be told, as it is the facts and the truth. ""
Diu la sing, you are really on 9 9. If you don't like fnma, just get loss and stop repeatedly bashing for no reason
FNMA Stock Message Board http://investorshangout.com/Fannie-Mae-FNMA-61730/
Hehe ...funny...mark my words
Many contest Fannie and Freddie pre-conservatorship were not valueless. It was a time of "crisis" , and some trusted Paulson and others. Why wouldn't Paulson and others want FnF to succeed now? Why did they disappear?
No way, 3.88 is much more accurate.
As per my analysis tomorrow might close at 3,89-3,91
FHFA/Watt is a tool for the Treasury. Treasury will not give up the stolen cash cow without a fight. Everything will have to be proven in court or the discovery must be damaging enough for them to settle. Why would Treasury help prove that FnF can stand up and walk by themselves by allowing uplist, recapitalization, release or ceasing the sweep? All in good time. The hedgies are smart and have the $$ to retain the best legal firms. Sucks to wait but it will be sooo worth it in the end.
Fannie Mae unable to dispel NYSE listing news.
Re-posting this great blog post
http://timhoward717.com/2014/08/28/fannie-mae...ting-news/
http://news.yahoo.com/doj-money-bank-america-...07619.html
Very hypocritical, FHFA sues all these banks and wins yet will not release FnF or stop the sweep so they can build capital and reserves. They know who really was at fault but keep FnF locked up like they are the plague.
Hopefully they'll bump nomura and RBS will get moved up too
Yes sir, they all do.
Aweoe good news. They'll settle
Lei sic m sic tang Gwong Dong Wa? DIU LEI !!!!!!!!!
How ironic...or should I say hypocritical...the FHFA are suing, and have settled with a lot of banks for defrauding FnF. But when it comes to FnF...FHFA claims they are the guilty party in the mortgage fraud world. And they expect us to trust them....what a crock of political hogwash.
HSBC, Nomura Lose Bid to Block U.S. Regulator Lawsuits
Bob Van VorisAug 28, 2014 6:33 pm ET
(Updates with FHFA claims in sixth paragraph.)
Aug. 28 (Bloomberg) -- HSBC Holdings Plc and Nomura Holdings Inc. lost a bid to block claims by a U.S. regulator the banks say were brought too late, clearing the way for a trial of HSBC over questionable mortgage practices.
U.S. District Judge Denise Cote today reaffirmed earlier rulings that claims by the Federal Housing Finance Agency, which sued the banks over residential mortgage-backed securities sold to Fannie Mae and Freddie Mac, aren’t barred by laws limiting the time in which suits must be filed.
The ruling allows the FHFA to go forward with a trial next month in which HSBC could be found liable for as much as $1.6 billion, according to the bank. It also puts added pressure on HSBC to settle. Nomura’s trial is scheduled for next year.
FHFA sued 18 banks in 2011 over losses to Fannie Mae and Freddie Mac on securities backed by risky mortgages. All but three of the banks -- HSBC, Nomura and Royal Bank of Scotland Group Plc -- have settled. Goldman Sachs Group Inc. last week agreed to pay $3.15 billion to buy back mortgage-backed securities to settle FHFA claims against it. Goldman Sachs was also scheduled to begin trial next month.
Robert Sherman, a spokesman for London-based HSBC, and Jonathan Hodgkinson, a spokesman for Chuo-Ku, Japan-based Nomura, declined to comment on the ruling.
False Statements
The FHFA said the banks defrauded Fannie Mae and Freddie Mac by making false statements about the quality of the loans underlying the securities. The regulator claimed the banks violated U.S. securities laws in addition to the laws of Virginia and the District of Columbia.
The FHFA sued more than three years after Fannie Mae and Freddie Mac bought the mortgage-backed securities, between Nov. 30, 2005, and July 3, 2007. The federal Securities Act requires claims to be made within three years. The Washington law has a three-year limit and the Virginia law a two-year limit, according to Cote. The banks said the claims were filed too late.
Cote ruled against motions to dismiss in cases involving UBS AG, HSBC and Nomura. UBS, Switzerland’s biggest bank, agreed in July 2013 to pay $885 million to settle the FHFA claims.
Cote ruled that the Housing and Economic Recovery Act of 2008 extended the time the FHFA could file claims. A federal appeals court in New York agreed with Cote, upholding her ruling in the UBS case.
HSBC and Nomura renewed their arguments after the U.S. Supreme Court in June issued its ruling in an environmental case involving CTS Corp. Cote ruled today that the CTS case doesn’t affect her rulings on the timing of the FHFA cases.
The case is Federal Housing Finance Agency v. HSBC North America Holdings Inc., 11-cv-06189, U.S. District Court, Southern District of New York (Manhattan).
http://washpost.bloomberg.com/Story?docId=137...R038OJ7CI3
Agreed
Tough one to figure out...he seems like an intelligent person.
Perhaps the mind is brainwashed and now closed.
Mikoli007
I agree I respect the constitution and abide by the laws of our country but both are being violated by our elected and appointed officials My attitude towards them is a reflection of their actions and leadership. They have not earned or deserve my respect Go Fannie. GLTA.
fnma was forced by fhfa to write down 60 billion it never lost in the first two quarters of conservatorship
From YMB:
eckgar1 • 10 hours ago
21 users liked this posts users disliked this posts 0
Reply
fnma was forced by fhfa to write down 60 billion it never lost in the first two quarters of conservatorship
this is why the dta came back. THE real trick to it all is this 60 billion added to the 118 billion that Fannie supposedly owes to the treasury, and that they were required to pay 10% interest on in dividends.
can you see the truth? take away the 60billion and take away the interest on the larger number over the last 5 years and how much was REALLY needed? maybe 30 billion.
Now it does not take a genius to see this, and HOW much Fraud money has the FHFA collected from banks FOR fannie mae? lets say 30 billion.
No matter how you look at it the TBTF banks only paid 10 cents on the dollar in settlements of their real valued of crime, so the real crime was upwards of 200 billion, and fannie needed 30 billion.
It really is that simple, Fannie is being Raped and enslaved daily. Courts will see this truth. If America had actual reporters the story would be told, as it is the facts and the truth. ""
Diu la sing, you are really on 9 9. If you don't like fnma, just get loss and stop repeatedly bashing for no reason
FNMA Stock Message Board http://investorshangout.com/Fannie-Mae-FNMA-61730/
Hehe ...funny...mark my words
Many contest Fannie and Freddie pre-conservatorship were not valueless. It was a time of "crisis" , and some trusted Paulson and others. Why wouldn't Paulson and others want FnF to succeed now? Why did they disappear?
No way, 3.88 is much more accurate.
As per my analysis tomorrow might close at 3,89-3,91
FHFA/Watt is a tool for the Treasury. Treasury will not give up the stolen cash cow without a fight. Everything will have to be proven in court or the discovery must be damaging enough for them to settle. Why would Treasury help prove that FnF can stand up and walk by themselves by allowing uplist, recapitalization, release or ceasing the sweep? All in good time. The hedgies are smart and have the $$ to retain the best legal firms. Sucks to wait but it will be sooo worth it in the end.
Fannie Mae unable to dispel NYSE listing news.
Re-posting this great blog post
http://timhoward717.com/2014/08/28/fannie-mae...ting-news/
http://news.yahoo.com/doj-money-bank-america-...07619.html
Very hypocritical, FHFA sues all these banks and wins yet will not release FnF or stop the sweep so they can build capital and reserves. They know who really was at fault but keep FnF locked up like they are the plague.
Hopefully they'll bump nomura and RBS will get moved up too
Yes sir, they all do.
Aweoe good news. They'll settle
Lei sic m sic tang Gwong Dong Wa? DIU LEI !!!!!!!!!
How ironic...or should I say hypocritical...the FHFA are suing, and have settled with a lot of banks for defrauding FnF. But when it comes to FnF...FHFA claims they are the guilty party in the mortgage fraud world. And they expect us to trust them....what a crock of political hogwash.
HSBC, Nomura Lose Bid to Block U.S. Regulator Lawsuits
Bob Van VorisAug 28, 2014 6:33 pm ET
(Updates with FHFA claims in sixth paragraph.)
Aug. 28 (Bloomberg) -- HSBC Holdings Plc and Nomura Holdings Inc. lost a bid to block claims by a U.S. regulator the banks say were brought too late, clearing the way for a trial of HSBC over questionable mortgage practices.
U.S. District Judge Denise Cote today reaffirmed earlier rulings that claims by the Federal Housing Finance Agency, which sued the banks over residential mortgage-backed securities sold to Fannie Mae and Freddie Mac, aren’t barred by laws limiting the time in which suits must be filed.
The ruling allows the FHFA to go forward with a trial next month in which HSBC could be found liable for as much as $1.6 billion, according to the bank. It also puts added pressure on HSBC to settle. Nomura’s trial is scheduled for next year.
FHFA sued 18 banks in 2011 over losses to Fannie Mae and Freddie Mac on securities backed by risky mortgages. All but three of the banks -- HSBC, Nomura and Royal Bank of Scotland Group Plc -- have settled. Goldman Sachs Group Inc. last week agreed to pay $3.15 billion to buy back mortgage-backed securities to settle FHFA claims against it. Goldman Sachs was also scheduled to begin trial next month.
Robert Sherman, a spokesman for London-based HSBC, and Jonathan Hodgkinson, a spokesman for Chuo-Ku, Japan-based Nomura, declined to comment on the ruling.
False Statements
The FHFA said the banks defrauded Fannie Mae and Freddie Mac by making false statements about the quality of the loans underlying the securities. The regulator claimed the banks violated U.S. securities laws in addition to the laws of Virginia and the District of Columbia.
The FHFA sued more than three years after Fannie Mae and Freddie Mac bought the mortgage-backed securities, between Nov. 30, 2005, and July 3, 2007. The federal Securities Act requires claims to be made within three years. The Washington law has a three-year limit and the Virginia law a two-year limit, according to Cote. The banks said the claims were filed too late.
Cote ruled against motions to dismiss in cases involving UBS AG, HSBC and Nomura. UBS, Switzerland’s biggest bank, agreed in July 2013 to pay $885 million to settle the FHFA claims.
Cote ruled that the Housing and Economic Recovery Act of 2008 extended the time the FHFA could file claims. A federal appeals court in New York agreed with Cote, upholding her ruling in the UBS case.
HSBC and Nomura renewed their arguments after the U.S. Supreme Court in June issued its ruling in an environmental case involving CTS Corp. Cote ruled today that the CTS case doesn’t affect her rulings on the timing of the FHFA cases.
The case is Federal Housing Finance Agency v. HSBC North America Holdings Inc., 11-cv-06189, U.S. District Court, Southern District of New York (Manhattan).
http://washpost.bloomberg.com/Story?docId=137...R038OJ7CI3
Agreed
Tough one to figure out...he seems like an intelligent person.
Perhaps the mind is brainwashed and now closed.
Mikoli007
I agree I respect the constitution and abide by the laws of our country but both are being violated by our elected and appointed officials My attitude towards them is a reflection of their actions and leadership. They have not earned or deserve my respect Go Fannie. GLTA.
