The Nation's Financial Condition

[Farfromgeneva]

I dont think folks are understanding waht I'm saying and living in the past. We pulled the housing lever until it's got no more room to go.

[a fan]

Yeah what I'm saying is there are very dsitinct differences between USDA/FHA and FNMA/FHLMC - in their charters and otherwise. Fan and Fred were private companies with a govt backstop nothing more. One way to tell the difference? When a bank own a bond backed by a pool of FHA gtd mortgages is counts in weighted assets the regulators calculate as 0% (not an asset in the numerator which ends up in aggregate being divided by the total regulatory capital of the bank), Fan/Fred bonds are 20% risk weighted. NOT and explicit and direct gaurantee of the govt. It would be a mistake to think of Fan/Fred folks being govt workers.

Trying to understand......profits from Fannie and Freddie to US Treasury, yes? And the Federal .gov wrote their charter, no?

TIA.

[PizzaSnake]

I dont think folks are understanding waht I'm saying and living in the past. We pulled the housing lever until it's got no more room to go.

[Farfromgeneva]

Yeah what I'm saying is there are very dsitinct differences between USDA/FHA and FNMA/FHLMC - in their charters and otherwise. Fan and Fred were private companies with a govt backstop nothing more. One way to tell the difference? When a bank own a bond backed by a pool of FHA gtd mortgages is counts in weighted assets the regulators calculate as 0% (not an asset in the numerator which ends up in aggregate being divided by the total regulatory capital of the bank), Fan/Fred bonds are 20% risk weighted. NOT and explicit and direct gaurantee of the govt. It would be a mistake to think of Fan/Fred folks being govt workers.

Trying to understand......profits from Fannie and Freddie to US Treasury, yes? And the Federal .gov wrote their charter, no?

TIA.

They didn’t prior to their failure in 2008. That’s the point.

[Farfromgeneva]

I dont think folks are understanding waht I'm saying and living in the past. We pulled the housing lever until it's got no more room to go.

So 2024 randomness has hit FFG land very hard, would like to get some of the cling cling cling (“why you be cappin?” - https://youtu.be/XmuGBNBBu3A?si=OC4PfkkNnkj5Cf7K)

[a fan]

Yeah what I'm saying is there are very dsitinct differences between USDA/FHA and FNMA/FHLMC - in their charters and otherwise. Fan and Fred were private companies with a govt backstop nothing more. One way to tell the difference? When a bank own a bond backed by a pool of FHA gtd mortgages is counts in weighted assets the regulators calculate as 0% (not an asset in the numerator which ends up in aggregate being divided by the total regulatory capital of the bank), Fan/Fred bonds are 20% risk weighted. NOT and explicit and direct gaurantee of the govt. It would be a mistake to think of Fan/Fred folks being govt workers.

Trying to understand......profits from Fannie and Freddie to US Treasury, yes? And the Federal .gov wrote their charter, no?

TIA.

They didn’t prior to their failure in 2008. That’s the point.

Ah, thanks. Appreciate your patience with me.

[OCanada]

Was indeed. Thx for the article. The wealth disparity created will last generations with adverse effects in healthcare, life expectancy, education.

I have relatives in Buckhead but not of what is going on

[youthathletics]

Tax avoidance salary, Tax loop hole, or BS?

https://www.instagram.com/reel/C9qSl6yy ... E0bWFpaHR3

[Farfromgeneva]

Yeah what I'm saying is there are very dsitinct differences between USDA/FHA and FNMA/FHLMC - in their charters and otherwise. Fan and Fred were private companies with a govt backstop nothing more. One way to tell the difference? When a bank own a bond backed by a pool of FHA gtd mortgages is counts in weighted assets the regulators calculate as 0% (not an asset in the numerator which ends up in aggregate being divided by the total regulatory capital of the bank), Fan/Fred bonds are 20% risk weighted. NOT and explicit and direct gaurantee of the govt. It would be a mistake to think of Fan/Fred folks being govt workers.

Trying to understand......profits from Fannie and Freddie to US Treasury, yes? And the Federal .gov wrote their charter, no?

TIA.

They didn’t prior to their failure in 2008. That’s the point.

Ah, thanks. Appreciate your patience with me.

Apologies I honestly thought you and most folks knew they had public stock (common equity) and have incorporated in like the 60s. It was crazy these arrogant Fannie/freddie employees aitring there with this backdrop so they can do anything and they get to act like their helping Americans



So yeah the govt stepped in with the mass losses and insolvency and said now it’s officially our “nut” and we’re gonna sweep all cash flows directly now. Going on 15yrs now. I never understood the public stock but you want to get mad at banks and fdic deposit insurance for banks then you should be dipshit about the folks at Fan and Fred for like 25yrs

[Farfromgeneva]

Was indeed. Thx for the article. The wealth disparity created will last generations with adverse effects in healthcare, life expectancy, education.

I have relatives in Buckhead but not of what is going on

Ask your relatives if any of the men were ever in the diplomats. A club I was in first few years after moving from nyc to Atl. Meetings and home base was capitol city country club in Buckhead.

While I’m suggesting the mass public needs another path to wealth accumulation going forward than real estate (personal residence as investment vehicle indiriectly) note the wealthiest folks and what they’ve invested in last few years and how most folks are putting all their. Life’s on subscriptions and not owning much of anything.

Step 1: find curvelinear comp model profession (not a trade gig)

Step 2: Figure out a way to make you assets earn all the time. Lofeninsurnefe peoim finance loan, etc

[Farfromgeneva]

Tax avoidance salary, Tax loop hole, or BS?

https://www.instagram.com/reel/C9qSl6yy ... E0bWFpaHR3

B to the S

[a fan]

Yeah what I'm saying is there are very dsitinct differences between USDA/FHA and FNMA/FHLMC - in their charters and otherwise. Fan and Fred were private companies with a govt backstop nothing more. One way to tell the difference? When a bank own a bond backed by a pool of FHA gtd mortgages is counts in weighted assets the regulators calculate as 0% (not an asset in the numerator which ends up in aggregate being divided by the total regulatory capital of the bank), Fan/Fred bonds are 20% risk weighted. NOT and explicit and direct gaurantee of the govt. It would be a mistake to think of Fan/Fred folks being govt workers.

Trying to understand......profits from Fannie and Freddie to US Treasury, yes? And the Federal .gov wrote their charter, no?

TIA.

They didn’t prior to their failure in 2008. That’s the point.

Ah, thanks. Appreciate your patience with me.

Apologies I honestly thought you and most folks knew they had public stock (common equity) and have incorporated in like the 60s. It was crazy these arrogant Fannie/freddie employees aitring there with this backdrop so they can do anything and they get to act like their helping Americans

No, I learned that part during the crash. What I didn't know, or perhaps remember (thank you), was that they changed this practice after 08.

So yeah the govt stepped in with the mass losses and insolvency and said now it’s officially our “nut” and we’re gonna sweep all cash flows directly now. Going on 15yrs now. I never understood the public stock but you want to get mad at banks and fdic deposit insurance for banks then you should be dipshit about the folks at Fan and Fred for like 25yrs

I most certainly am! Appreciate the high level help....truly.

[PizzaSnake]

Monetary policy limbo — how low will it go?

https://www.nytimes.com/2024/09/18/busi ... e-cut.html

“Fed officials kicked off rate cuts with a half-point reduction, confident that inflation is cooling and eager to keep the job market strong.”

[Farfromgeneva]

Monetary policy limbo — how low will it go?

https://www.nytimes.com/2024/09/18/busi ... e-cut.html

“Fed officials kicked off rate cuts with a half-point reduction, confident that inflation is cooling and eager to keep the job market strong.”

Ten Ye UST should “normalize” around +100bps to Fed funds when we get back to a positively sloping curve. That would suggest 2.5-2.75% today based on a 3:6…% 10yr yield at the moment (keep in mind mortgages and longer duration secured credits often run off the 1yr UST or swap basis equivalent so an important point within the curv). I think we land more like 3.25-4% and the ten year when soon positively will bump around around +50+75bps which gets iuo a little higher on the ten year and not as low on Fed funds- like 3.25%-4.00% FF-10yr

What’s critical is that 2.5% is still manfully higher, than is was for more or less fifteen years of zirp (zero interest rate policy). It’s an extra $2k a month on a $1mm small business loan for many.