[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.] #  @midas79_ midas79 midas79 posts on X about $fnmas, $fmcci, $fmccg, $fnmap the most. They currently have XXX followers and XXX posts still getting attention that total XXXXX engagements in the last XX hours. ### Engagements: XXXXX [#](/creator/twitter::1172545701571682304/interactions)  - X Week XXXXX +182% - X Month XXXXXX +76% - X Months XXXXXX +26% - X Year XXXXXX +264% ### Mentions: XX [#](/creator/twitter::1172545701571682304/posts_active)  - X Week XX +57% - X Month XX +68% - X Months XXX +167% - X Year XXX +442% ### Followers: XXX [#](/creator/twitter::1172545701571682304/followers)  - X Week XXX +1.10% - X Month XXX +3.90% - X Months XXX +18% - X Year XXX +28% ### CreatorRank: XXXXXXXXX [#](/creator/twitter::1172545701571682304/influencer_rank)  ### Social Influence [#](/creator/twitter::1172545701571682304/influence) --- **Social category influence** [finance](/list/finance) [cryptocurrencies](/list/cryptocurrencies) **Social topic influence** [$fnmas](/topic/$fnmas), [$fmcci](/topic/$fmcci), [$fmccg](/topic/$fmccg), [$fnmap](/topic/$fnmap), [fnf](/topic/fnf), [$fmckj](/topic/$fmckj), [$fmccn](/topic/$fmccn), [$fmccm](/topic/$fmccm), [$fnmao](/topic/$fnmao), [$fmccl](/topic/$fmccl) **Top assets mentioned** [Value Liquidity (VALUE)](/topic/value-liquidity) ### Top Social Posts [#](/creator/twitter::1172545701571682304/posts) --- Top posts by engagements in the last XX hours "@HoldenWalker99 The risk profile is very different than it was in Trump XXX. Back then highest $FNMAS close I see was $XXXXX on 6/5/19. On that day the Freddie floaters $FMCCG $FMCCI $FMCCJ $FMCCL $FMCCM $FMCCN all closed $XXXXX. Now $FNMAS is $XXXXX and the floaters barely over $XX. Odd"  [@midas79_](/creator/x/midas79_) on [X](/post/tweet/1945261715337228422) 2025-07-15 23:18:28 UTC XXX followers, XXX engagements "New post-conservatorship intraday high on $FNMAS at $XXXXX. Meanwhile $50-par series like $FMCCG $FMCCI $FMCCN can be had for $XXXXX. A real battle over div rates going on"  [@midas79_](/creator/x/midas79_) on [X](/post/tweet/1943380885211861146) 2025-07-10 18:44:43 UTC XXX followers, 1937 engagements "@HoldenWalker99 UST doesn't have direct influence over the ERCF and the XXX% min cap req in the ERCF is already as low as HERA allows but the X% CET1 cship exit req in the Jan XX LA is something UST did agree to and is actually quite onerous"  [@midas79_](/creator/x/midas79_) on [X](/post/tweet/1947731978532622426) 2025-07-22 18:54:25 UTC XXX followers, XXX engagements "@davejones406 @dragonstoscale @HoldenWalker99 Where is that screenshot from The PLBA is only XXX% and it only has to be halfway full for FnF to pay out XX% of earnings as distributions (which they didn't exceed pre-cship). That's a total of XXX% not 4%"  [@midas79_](/creator/x/midas79_) on [X](/post/tweet/1948076274011758724) 2025-07-23 17:42:31 UTC XXX followers, XX engagements "@HoldenWalker99 To expand on that Fannie's adjusted total assets were $4.462T on 3/3025. X% of that is $134B and available CET1 capital was -$52B. That's a $186B shortfall of which SPS writedown/conversion only makes up $121B. Fannie alone would have to raise $65B"  [@midas79_](/creator/x/midas79_) on [X](/post/tweet/1947732819461251155) 2025-07-22 18:57:45 UTC XXX followers, XXX engagements "Those are three names (French Hill House Senate) I don't want having anything to do with recap and release of FnF. As you have said many times before the resolution of FnF's conservatorships is solely Trump's decision. It's a purely administrative affair Bill. Keep it one"  [@midas79_](/creator/x/midas79_) on [X](/post/tweet/1947778874852397220) 2025-07-22 22:00:46 UTC XXX followers, 1417 engagements "My recommendations to anyone looking to buy FnF JPS right now: For liquidity: $FMCKJ For max div payout: $FMCCK $FMCCP $FMCCT $FMCKI (Freddie). $FNMFN $FNMAI (Fannie) For max par: $FMCCG $FMCCI $FMCCJ $FMCCL $FMCCM $FMCCN (Freddie). $FNMAO $FNMAP (Fannie)"  [@midas79_](/creator/x/midas79_) on [X](/post/tweet/1940047780635914558) 2025-07-01 14:00:09 UTC XXX followers, 3143 engagements "@dragonstoscale Nope SPS conversion to common was @MarkCalabria's idea. (screencap from p. XXX of Calabria's book Shelter from the Storm underlining added) The same Calabria who along with Wrase and McKernan will be the true architects of FnF's release from cship"  [@midas79_](/creator/x/midas79_) on [X](/post/tweet/1948113402339242199) 2025-07-23 20:10:03 UTC XXX followers, XX engagements "@HoldenWalker99 I forgot to include that JPS conversion to common adds $19B to CET1 capital lowering the required raise size to $46B. Reducing the X% CET1 exit req to XXX% would lower that by $22B and retained earnings also eat into that at $4-4.5B/qtr. Still it's a heavy lift"  [@midas79_](/creator/x/midas79_) on [X](/post/tweet/1947736700332937627) 2025-07-22 19:13:11 UTC XXX followers, XXX engagements "@HoldenWalker99 imo just add a 4th line in there for 5%. Several series have div rates near there: $FNMAL $FNMAN $FNMAH $FMCCH $FMCKK $FREJO $FREJP. X% is current floater rates. TBTF prefs yield X% right now but that would fall if Fed cuts rates. X% yield could be the inflection point"  [@midas79_](/creator/x/midas79_) on [X](/post/tweet/1945286248731496698) 2025-07-16 00:55:58 UTC XXX followers, XX engagements "@AlexWil11433084 @jbrandimore @HoldenWalker99 @compound248 Citi shows different conversion rates based on div rate is possible & current FnF JPS market prices align closely w/that possibility. Market might end up being wrong though. Totally agree w/last part. Common heavily diluted and JPS converted at discount is an easy political win"  [@midas79_](/creator/x/midas79_) on [X](/post/tweet/1947126521514049685) 2025-07-21 02:48:33 UTC XXX followers, XX engagements "@jbrandimore @HoldenWalker99 @AlexWil11433084 The key word is "offer". JPS holders are free to refuse; personally I would refuse only XXX shares of $FNMA per X share of $FNMAS. It would take at least 5:1 for me to accept. Where do you see market price in the Collins opinion I couldn't find that reference"  [@midas79_](/creator/x/midas79_) on [X](/post/tweet/1945869584067686805) 2025-07-17 15:33:56 UTC XXX followers, XXX engagements "@chrisevanston @HoldenWalker99 @rule_of_law_guy @JoshRosner @BillAckman None of those has any influence over whether UST consolidates FnF's bal shts onto its own. Also note second part of my quoted post showing UST can own 99+% of FnF's equity value post-cship w/o owning a single common share. Forced bal sht consolidation is not a concern at all"  [@midas79_](/creator/x/midas79_) on [X](/post/tweet/1947775759466303560) 2025-07-22 21:48:23 UTC XXX followers, XX engagements "@LeoGoldenDoodle Liquids: $FNMAS $FMCKJ $FNMAT High mids: $FNMAJ $FNMFN $FNMAI $FMCKI $FMCCT Mid mids: $FMCKL $FMCCP $FMCKO $FNMAM $FMCCO $FMCCK $FMCKP $FMCKN $FMCKM $FNMAK Low mids: $FNMAG $FNMAN $FMCCH $FNMAH $FMCKK $FMCCS $FNMAL Floaters: $FNMAO $FNMAP $FMCCG $FMCCI $FMCCJ $FMCCL $FMCCM $FMCCN"  [@midas79_](/creator/x/midas79_) on [X](/post/tweet/1940116195639693401) 2025-07-01 18:32:01 UTC XXX followers, XXX engagements "@SnowballCaptial "Best" depends on how you value liquidity div rate and par value. For liquidity: $FNMAS $FMCKJ $FNMAT For div rate: $FNMAJ $FNMFN $FNMAI $FMCCT $FMCKI (and others) For par value: $FNMAO $FNMAP $FMCCG $FMCCI $FMCCM (and others) There are XX JPS series in total"  [@midas79_](/creator/x/midas79_) on [X](/post/tweet/1938592852516168088) 2025-06-27 13:38:48 UTC XXX followers, XXX engagements "@davejones406 @dragonstoscale @HoldenWalker99 XXXX% of what The screenshot I posted was from Freddie's 2025 Q1 10-Q. The highest risk-based cap req is $88B (far left column) which is only XXX% of adjusted total assets ($3.834T). Keep in mind that the buffers are not part of the cap reqs. They only affect dividends"  [@midas79_](/creator/x/midas79_) on [X](/post/tweet/1948083880822702431) 2025-07-23 18:12:45 UTC XXX followers, XX engagements "@mark_7091 Liquidity has always been correlated w/div rates mainly bc $FNMAS $FMCKJ have by far the most liquidity and high div rates too. Fannie had a premium before this divergence (that started in early June) too and $FNMAO $FNMAP have been sold off as much as the Freddie floaters"  [@midas79_](/creator/x/midas79_) on [X](/post/tweet/1943384288914796970) 2025-07-10 18:58:15 UTC XXX followers, XXX engagements "@lesgrossman25 @JohnCarey17 @DoNotLose The risks are not at all the same. The worst commons can get screwed is down to XXXX% of the equity with no recourse at all thanks to NWS case precedent. The worst JPS can get screwed is to keep divs off which also either screws UST or doesn't allow cship exit"  [@midas79_](/creator/x/midas79_) on [X](/post/tweet/1947306071946666125) 2025-07-21 14:42:01 UTC XXX followers, XXX engagements "@mark_7091 That's definitely one of my top buys along with other low-div series like $FMCCH $FMCKK $FNMAP $FMCCM as a bet that the spread between those and the liquid shares ( $FNMAS $FMCKJ) will decrease in the future"  [@midas79_](/creator/x/midas79_) on [X](/post/tweet/1943403160300564805) 2025-07-10 20:13:14 UTC XXX followers, XXX engagements "@Jrpfds @HoldenWalker99 The risk with the shitbirds is that if divs resume interest rates could go down a lot by then. If a series like $FMCCG ends up paying X% divs (would require 75-100 bps of cuts by the Fed) it would only trade at $XX if all JPS are priced to yield 6.5%"  [@midas79_](/creator/x/midas79_) on [X](/post/tweet/1945263198258573798) 2025-07-15 23:24:22 UTC XXX followers, XXX engagements "@compound248 @HoldenWalker99 @AlexWil11433084 @jbrandimore imo the roughly X% gap between $FNMAS and $FMCKJ is about where it should be. There's some heavy lifting to be done before Fannie is ready to call $FNMAS: I expect it to survive the 12/31/25 call date. imo $FNMAT should be lower; it's the most likely to never receive another div"  [@midas79_](/creator/x/midas79_) on [X](/post/tweet/1946291294873014443) 2025-07-18 19:29:39 UTC XXX followers, XXX engagements "Those who are in this trade because of Ackman should pay attention to his hedging strategy. He bought 11M JPS shares (I assume all $FNMAS for simplicity) in 2017-8 cost basis $X as a hedge against 180M $FNMA and $FMCC shares (cost basis $2.40). 1/"  [@midas79_](/creator/x/midas79_) on [X](/post/tweet/1940223599325159475) 2025-07-02 01:38:48 UTC XXX followers, 3575 engagements "Blocks showing up. 625k $FNMAH 544k $FNMFN 340k $FMCKM 870k $FNMFN 832k $FMCKI 739k $FMCCK 374k $FMCCO 400k $FMCCT 328k $FMCKK 387k $FREJO 113k $FNMAP 104k $FMCKL 200k $FMCCI 230k $FMCCH 278k $FMCKO 41k $FMCCL"  [@midas79_](/creator/x/midas79_) on [X](/post/tweet/1869464760154304899) 2024-12-18 19:28:26 UTC XXX followers, 2042 engagements "JPS blocks today: 831k $FNMFN $XXXXX 811k $FNMAK $XXXXX 240k $FNMAO $XXXXX 300k $FNMAP $XXXXX 350k $FNMAH $XXXXX 498k $FMCKM $XXXXX 400k $FMCCS $XXXXX Low prices on the low-div series high prices on the mid and high divs. The rotation to div rate continues"  [@midas79_](/creator/x/midas79_) on [X](/post/tweet/1945906071677116915) 2025-07-17 17:58:55 UTC XXX followers, 1238 engagements "The beatings on the floating JPS continue morale has yet to improve. $50-par $FMCCG $FMCCI $FMCCJ $FMCCL $FMCCM $FMCCN all available under $XX with $25-par $FNMAS at $XXXXX. $FNMAP at $XXXXX is not immune either and $FNMAO isn't far behind. Cheap par out there to be had"  [@midas79_](/creator/x/midas79_) on [X](/post/tweet/1943012666173263931) 2025-07-09 18:21:33 UTC XXX followers, 1357 engagements "@chrisevanston @HoldenWalker99 @rule_of_law_guy @JoshRosner @BillAckman Why would a rating agency ding the US sovereign debt rating no matter what UST does with its FnF stake UST already owns XXX% of the companies' economic value. Any resolution SPS conversion or not will reduce that number"  [@midas79_](/creator/x/midas79_) on [X](/post/tweet/1947778270335803566) 2025-07-22 21:58:22 UTC XXX followers, XX engagements "I may never ascend to level X (my brokerage doesn't allow buy orders on FNMFO) but level X is quite comfy. XXX% upside and a XXXX% div rate in case that ends up mattering. $FNMA $FNMAS $FNMAM $FNMFO"  [@midas79_](/creator/x/midas79_) on [X](/post/tweet/1938417190178521552) 2025-06-27 02:00:46 UTC XXX followers, 2623 engagements "@davejones406 @dragonstoscale @HoldenWalker99 Yes. The mistake he's making is to call the buffers "requirements". They aren't. The only thing required for FnF to exit cship and stay out are the base no-buffers reqs. The only thing the buffers do is to affect FnF's ability to make capital distributions (i.e. dividends)"  [@midas79_](/creator/x/midas79_) on [X](/post/tweet/1948096348034601098) 2025-07-23 19:02:17 UTC XXX followers, XX engagements "@HoldenWalker99 I think that XX% valuation difference would hold if divs resume without JPS conversion or perhaps somewhat less bc the XXXXX% $FNMAJ and XXXX% $FNMAT series lack call protection"  [@midas79_](/creator/x/midas79_) on [X](/post/tweet/1945702954389979487) 2025-07-17 04:31:48 UTC XXX followers, XXX engagements "@seaurchincevice @HoldenWalker99 wrt $FNMAS $FMCKJ I agree. The gap that imo isn't justified is between series like $FNMAJ and $FMCCP. By the time FnF turn on divs they can refinance high div series by calling them (FNMAJ has no call prot). imo Fannie JPS will get max X extra yr of divs vs Freddie"  [@midas79_](/creator/x/midas79_) on [X](/post/tweet/1945511075392135430) 2025-07-16 15:49:20 UTC XXX followers, XX engagements "@MiddleMgmt1 @HoldenWalker99 @Jrpfds I could certainly be talked out of this; it's a strong opinion weakly held. Inflation goes up - rates stay same or go up - FnF JPS yield could go even higher Fed cuts (as market expects) - lower JPS yield - 4-5% series like $FMCCH $FMCCS $FMCKK win huge from here"  [@midas79_](/creator/x/midas79_) on [X](/post/tweet/1945287538177904692) 2025-07-16 01:01:05 UTC XXX followers, XXX engagements "508k volume on $FNMAJ today which is a bit over XXX% of the total issuance (20M shares)"  [@midas79_](/creator/x/midas79_) on [X](/post/tweet/1900266160593228275) 2025-03-13 19:22:12 UTC XXX followers, 1227 engagements "Some JPS series have div rates dependent on LIBOR: $FMCCN XX mo $FNMAH $FNMAS $FMCKJ $FMCCG $FMCCI X mo They can be amended w/o holder consent to replace LIBOR w/equivalent. But it'd have to be communicated to holders and would be a huge tell divs are set to resume in the future"  [@midas79_](/creator/x/midas79_) on [X](/post/tweet/1943040757264461972) 2025-07-09 20:13:11 UTC XXX followers, 1115 engagements "$FMCCI's turn for "high" volume (for that series) sell-off. Someone has been aggressively selling and/or shorting the low-div series: $FNMAO $FNMAP $FMCCG $FMCCI $FMCCJ $FMCCL $FMCCM $FMCCN recently. $FMCCH $FMCCS $FMCKK too. That's a bet that div rates will matter"  [@midas79_](/creator/x/midas79_) on [X](/post/tweet/1942643411892253050) 2025-07-08 17:54:16 UTC XXX followers, 1023 engagements
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@midas79_ midas79
midas79 posts on X about $fnmas, $fmcci, $fmccg, $fnmap the most. They currently have XXX followers and XXX posts still getting attention that total XXXXX engagements in the last XX hours.
Engagements: XXXXX #
- X Week XXXXX +182%
- X Month XXXXXX +76%
- X Months XXXXXX +26%
- X Year XXXXXX +264%
Mentions: XX #
- X Week XX +57%
- X Month XX +68%
- X Months XXX +167%
- X Year XXX +442%
Followers: XXX #
- X Week XXX +1.10%
- X Month XXX +3.90%
- X Months XXX +18%
- X Year XXX +28%
CreatorRank: XXXXXXXXX #
Social Influence #
Social category influence finance cryptocurrencies
Social topic influence $fnmas, $fmcci, $fmccg, $fnmap, fnf, $fmckj, $fmccn, $fmccm, $fnmao, $fmccl
Top assets mentioned Value Liquidity (VALUE)
Top Social Posts #
Top posts by engagements in the last XX hours
"@HoldenWalker99 The risk profile is very different than it was in Trump XXX. Back then highest $FNMAS close I see was $XXXXX on 6/5/19. On that day the Freddie floaters $FMCCG $FMCCI $FMCCJ $FMCCL $FMCCM $FMCCN all closed $XXXXX. Now $FNMAS is $XXXXX and the floaters barely over $XX. Odd"
@midas79_ on X 2025-07-15 23:18:28 UTC XXX followers, XXX engagements
"New post-conservatorship intraday high on $FNMAS at $XXXXX. Meanwhile $50-par series like $FMCCG $FMCCI $FMCCN can be had for $XXXXX. A real battle over div rates going on" @midas79_ on X 2025-07-10 18:44:43 UTC XXX followers, 1937 engagements
"@HoldenWalker99 UST doesn't have direct influence over the ERCF and the XXX% min cap req in the ERCF is already as low as HERA allows but the X% CET1 cship exit req in the Jan XX LA is something UST did agree to and is actually quite onerous" @midas79_ on X 2025-07-22 18:54:25 UTC XXX followers, XXX engagements
"@davejones406 @dragonstoscale @HoldenWalker99 Where is that screenshot from The PLBA is only XXX% and it only has to be halfway full for FnF to pay out XX% of earnings as distributions (which they didn't exceed pre-cship). That's a total of XXX% not 4%" @midas79_ on X 2025-07-23 17:42:31 UTC XXX followers, XX engagements
"@HoldenWalker99 To expand on that Fannie's adjusted total assets were $4.462T on 3/3025. X% of that is $134B and available CET1 capital was -$52B. That's a $186B shortfall of which SPS writedown/conversion only makes up $121B. Fannie alone would have to raise $65B" @midas79_ on X 2025-07-22 18:57:45 UTC XXX followers, XXX engagements
"Those are three names (French Hill House Senate) I don't want having anything to do with recap and release of FnF. As you have said many times before the resolution of FnF's conservatorships is solely Trump's decision. It's a purely administrative affair Bill. Keep it one" @midas79_ on X 2025-07-22 22:00:46 UTC XXX followers, 1417 engagements
"My recommendations to anyone looking to buy FnF JPS right now: For liquidity: $FMCKJ For max div payout: $FMCCK $FMCCP $FMCCT $FMCKI (Freddie). $FNMFN $FNMAI (Fannie) For max par: $FMCCG $FMCCI $FMCCJ $FMCCL $FMCCM $FMCCN (Freddie). $FNMAO $FNMAP (Fannie)" @midas79_ on X 2025-07-01 14:00:09 UTC XXX followers, 3143 engagements
"@dragonstoscale Nope SPS conversion to common was @MarkCalabria's idea. (screencap from p. XXX of Calabria's book Shelter from the Storm underlining added) The same Calabria who along with Wrase and McKernan will be the true architects of FnF's release from cship" @midas79_ on X 2025-07-23 20:10:03 UTC XXX followers, XX engagements
"@HoldenWalker99 I forgot to include that JPS conversion to common adds $19B to CET1 capital lowering the required raise size to $46B. Reducing the X% CET1 exit req to XXX% would lower that by $22B and retained earnings also eat into that at $4-4.5B/qtr. Still it's a heavy lift" @midas79_ on X 2025-07-22 19:13:11 UTC XXX followers, XXX engagements
"@HoldenWalker99 imo just add a 4th line in there for 5%. Several series have div rates near there: $FNMAL $FNMAN $FNMAH $FMCCH $FMCKK $FREJO $FREJP. X% is current floater rates. TBTF prefs yield X% right now but that would fall if Fed cuts rates. X% yield could be the inflection point" @midas79_ on X 2025-07-16 00:55:58 UTC XXX followers, XX engagements
"@AlexWil11433084 @jbrandimore @HoldenWalker99 @compound248 Citi shows different conversion rates based on div rate is possible & current FnF JPS market prices align closely w/that possibility. Market might end up being wrong though. Totally agree w/last part. Common heavily diluted and JPS converted at discount is an easy political win" @midas79_ on X 2025-07-21 02:48:33 UTC XXX followers, XX engagements
"@jbrandimore @HoldenWalker99 @AlexWil11433084 The key word is "offer". JPS holders are free to refuse; personally I would refuse only XXX shares of $FNMA per X share of $FNMAS. It would take at least 5:1 for me to accept. Where do you see market price in the Collins opinion I couldn't find that reference" @midas79_ on X 2025-07-17 15:33:56 UTC XXX followers, XXX engagements
"@chrisevanston @HoldenWalker99 @rule_of_law_guy @JoshRosner @BillAckman None of those has any influence over whether UST consolidates FnF's bal shts onto its own. Also note second part of my quoted post showing UST can own 99+% of FnF's equity value post-cship w/o owning a single common share. Forced bal sht consolidation is not a concern at all" @midas79_ on X 2025-07-22 21:48:23 UTC XXX followers, XX engagements
"@LeoGoldenDoodle Liquids: $FNMAS $FMCKJ $FNMAT High mids: $FNMAJ $FNMFN $FNMAI $FMCKI $FMCCT Mid mids: $FMCKL $FMCCP $FMCKO $FNMAM $FMCCO $FMCCK $FMCKP $FMCKN $FMCKM $FNMAK Low mids: $FNMAG $FNMAN $FMCCH $FNMAH $FMCKK $FMCCS $FNMAL Floaters: $FNMAO $FNMAP $FMCCG $FMCCI $FMCCJ $FMCCL $FMCCM $FMCCN" @midas79_ on X 2025-07-01 18:32:01 UTC XXX followers, XXX engagements
"@SnowballCaptial "Best" depends on how you value liquidity div rate and par value. For liquidity: $FNMAS $FMCKJ $FNMAT For div rate: $FNMAJ $FNMFN $FNMAI $FMCCT $FMCKI (and others) For par value: $FNMAO $FNMAP $FMCCG $FMCCI $FMCCM (and others) There are XX JPS series in total" @midas79_ on X 2025-06-27 13:38:48 UTC XXX followers, XXX engagements
"@davejones406 @dragonstoscale @HoldenWalker99 XXXX% of what The screenshot I posted was from Freddie's 2025 Q1 10-Q. The highest risk-based cap req is $88B (far left column) which is only XXX% of adjusted total assets ($3.834T). Keep in mind that the buffers are not part of the cap reqs. They only affect dividends" @midas79_ on X 2025-07-23 18:12:45 UTC XXX followers, XX engagements
"@mark_7091 Liquidity has always been correlated w/div rates mainly bc $FNMAS $FMCKJ have by far the most liquidity and high div rates too. Fannie had a premium before this divergence (that started in early June) too and $FNMAO $FNMAP have been sold off as much as the Freddie floaters" @midas79_ on X 2025-07-10 18:58:15 UTC XXX followers, XXX engagements
"@lesgrossman25 @JohnCarey17 @DoNotLose The risks are not at all the same. The worst commons can get screwed is down to XXXX% of the equity with no recourse at all thanks to NWS case precedent. The worst JPS can get screwed is to keep divs off which also either screws UST or doesn't allow cship exit" @midas79_ on X 2025-07-21 14:42:01 UTC XXX followers, XXX engagements
"@mark_7091 That's definitely one of my top buys along with other low-div series like $FMCCH $FMCKK $FNMAP $FMCCM as a bet that the spread between those and the liquid shares ( $FNMAS $FMCKJ) will decrease in the future" @midas79_ on X 2025-07-10 20:13:14 UTC XXX followers, XXX engagements
"@Jrpfds @HoldenWalker99 The risk with the shitbirds is that if divs resume interest rates could go down a lot by then. If a series like $FMCCG ends up paying X% divs (would require 75-100 bps of cuts by the Fed) it would only trade at $XX if all JPS are priced to yield 6.5%" @midas79_ on X 2025-07-15 23:24:22 UTC XXX followers, XXX engagements
"@compound248 @HoldenWalker99 @AlexWil11433084 @jbrandimore imo the roughly X% gap between $FNMAS and $FMCKJ is about where it should be. There's some heavy lifting to be done before Fannie is ready to call $FNMAS: I expect it to survive the 12/31/25 call date. imo $FNMAT should be lower; it's the most likely to never receive another div" @midas79_ on X 2025-07-18 19:29:39 UTC XXX followers, XXX engagements
"Those who are in this trade because of Ackman should pay attention to his hedging strategy. He bought 11M JPS shares (I assume all $FNMAS for simplicity) in 2017-8 cost basis $X as a hedge against 180M $FNMA and $FMCC shares (cost basis $2.40). 1/" @midas79_ on X 2025-07-02 01:38:48 UTC XXX followers, 3575 engagements
"Blocks showing up. 625k $FNMAH 544k $FNMFN 340k $FMCKM 870k $FNMFN 832k $FMCKI 739k $FMCCK 374k $FMCCO 400k $FMCCT 328k $FMCKK 387k $FREJO 113k $FNMAP 104k $FMCKL 200k $FMCCI 230k $FMCCH 278k $FMCKO 41k $FMCCL" @midas79_ on X 2024-12-18 19:28:26 UTC XXX followers, 2042 engagements
"JPS blocks today: 831k $FNMFN $XXXXX 811k $FNMAK $XXXXX 240k $FNMAO $XXXXX 300k $FNMAP $XXXXX 350k $FNMAH $XXXXX 498k $FMCKM $XXXXX 400k $FMCCS $XXXXX Low prices on the low-div series high prices on the mid and high divs. The rotation to div rate continues" @midas79_ on X 2025-07-17 17:58:55 UTC XXX followers, 1238 engagements
"The beatings on the floating JPS continue morale has yet to improve. $50-par $FMCCG $FMCCI $FMCCJ $FMCCL $FMCCM $FMCCN all available under $XX with $25-par $FNMAS at $XXXXX. $FNMAP at $XXXXX is not immune either and $FNMAO isn't far behind. Cheap par out there to be had" @midas79_ on X 2025-07-09 18:21:33 UTC XXX followers, 1357 engagements
"@chrisevanston @HoldenWalker99 @rule_of_law_guy @JoshRosner @BillAckman Why would a rating agency ding the US sovereign debt rating no matter what UST does with its FnF stake UST already owns XXX% of the companies' economic value. Any resolution SPS conversion or not will reduce that number" @midas79_ on X 2025-07-22 21:58:22 UTC XXX followers, XX engagements
"I may never ascend to level X (my brokerage doesn't allow buy orders on FNMFO) but level X is quite comfy. XXX% upside and a XXXX% div rate in case that ends up mattering. $FNMA $FNMAS $FNMAM $FNMFO" @midas79_ on X 2025-06-27 02:00:46 UTC XXX followers, 2623 engagements
"@davejones406 @dragonstoscale @HoldenWalker99 Yes. The mistake he's making is to call the buffers "requirements". They aren't. The only thing required for FnF to exit cship and stay out are the base no-buffers reqs. The only thing the buffers do is to affect FnF's ability to make capital distributions (i.e. dividends)" @midas79_ on X 2025-07-23 19:02:17 UTC XXX followers, XX engagements
"@HoldenWalker99 I think that XX% valuation difference would hold if divs resume without JPS conversion or perhaps somewhat less bc the XXXXX% $FNMAJ and XXXX% $FNMAT series lack call protection" @midas79_ on X 2025-07-17 04:31:48 UTC XXX followers, XXX engagements
"@seaurchincevice @HoldenWalker99 wrt $FNMAS $FMCKJ I agree. The gap that imo isn't justified is between series like $FNMAJ and $FMCCP. By the time FnF turn on divs they can refinance high div series by calling them (FNMAJ has no call prot). imo Fannie JPS will get max X extra yr of divs vs Freddie" @midas79_ on X 2025-07-16 15:49:20 UTC XXX followers, XX engagements
"@MiddleMgmt1 @HoldenWalker99 @Jrpfds I could certainly be talked out of this; it's a strong opinion weakly held. Inflation goes up - rates stay same or go up - FnF JPS yield could go even higher Fed cuts (as market expects) - lower JPS yield - 4-5% series like $FMCCH $FMCCS $FMCKK win huge from here" @midas79_ on X 2025-07-16 01:01:05 UTC XXX followers, XXX engagements
"508k volume on $FNMAJ today which is a bit over XXX% of the total issuance (20M shares)" @midas79_ on X 2025-03-13 19:22:12 UTC XXX followers, 1227 engagements
"Some JPS series have div rates dependent on LIBOR: $FMCCN XX mo $FNMAH $FNMAS $FMCKJ $FMCCG $FMCCI X mo They can be amended w/o holder consent to replace LIBOR w/equivalent. But it'd have to be communicated to holders and would be a huge tell divs are set to resume in the future" @midas79_ on X 2025-07-09 20:13:11 UTC XXX followers, 1115 engagements
"$FMCCI's turn for "high" volume (for that series) sell-off. Someone has been aggressively selling and/or shorting the low-div series: $FNMAO $FNMAP $FMCCG $FMCCI $FMCCJ $FMCCL $FMCCM $FMCCN recently. $FMCCH $FMCCS $FMCKK too. That's a bet that div rates will matter" @midas79_ on X 2025-07-08 17:54:16 UTC XXX followers, 1023 engagements