Adam Kim

Anime Enjoyer. Manga Enthusiast. Lover of Games. Esports Fan. I also like looking at the Stock Market and my Portfolio!

[Adam Kim @AdamKim26]

@Spb1977Spb1 @michaelmezz We are in a social-capitalist society which is why we have Social Security, government aid, affordable housing, and things like that. The reason why America is the way it is, is because of…taxes.

[Adam Kim @AdamKim26]

@esjesjesj There’s a reason why he doesn’t and that’s why I like it. Unlike the EU where you would get taken into custody for saying the wrong word.

[Hand of God @TylerEHand]

💯

[Horseman Country @HorsemanCountry]

$FNMA $FMCC

As @pulte refocuses on Fannie Mae & Freddie Mac, his words from May 29, 2025 are worth another listen.

Yes…I know. It seems like forever ago…especially in shareholder years. Many of us suffer from chronic cases of “Are we there yet?“.

But we also need to recognize that you can’t turn a battleship around in an instant. Under Pulte's leadership, big, unstoppable wheels have been set in motion with F2 that I believe will ultimately bode extremely well for shareholders.

In the words of Tom Petty, “The waiting is the hardest part”. But keep these valuable nuggets in mind:

"There is a security for Fannie & Freddie which trades on what’s called the 'pink sheets'. But President Trump is thinking way bigger than that." (yes, please)

"Trillions to the shareholders." (monetize the asset side of the balance sheet)

"We’ve gotta clean up the capital structure.” (incoming...the EO deadline for recommendations was due July 11)

"We are focused on driving operational improvements.” (that effort is ongoing and has already yielded dramatic results)

"Under President Trump’s leadership, these two companies...I stand behind it… they're gonna make over $30 billion a year in earnings. I think that number will eventually be over 50 billion." (the best is yet to come)

This journey is beyond grueling...and continuing to trade on an OTC market adds to the frustration. But I encourage you to hang in there. I believe we’re sitting on a gold mine.

Try to focus on the big picture. Bessent's reference to “signaling“ earlier in the week was telling.

“Trillion dollar company”

GLTA

[Adam Kim @AdamKim26]

@BillAckman Sir, with $FNMA and $FMCC in limbo for a few months now, would you expect the administration to move for uplisting before midterms? I would assume so as President Trump and @pulte have been saying the businesses are doing well. Any input sir?

[Pulte @pulte]

We had a perfect board meeting today at Fannie Mae. The business is truly operating like a business. Grateful for a strong team, and an even brighter future for ALL at Fannie Mae.

[Horseman Country @HorsemanCountry]

$FNMA $FMCC

@pulte, it's great to see you posting about Fannie Mae & Freddie Mac again, Sir.

Do shareholders fall within the framework of "ALL"?

Could we see an uplist to a legitimate exchange in the near future?

A little clarity in our path forward would be much appreciated, Sir.

[Horseman Country @HorsemanCountry]

$FNMA $FMCC

Excellent chronological summary of F2 events by @Codicil_Capital.

Fannie Mae & Freddie Mac shareholders didn't manufacture optimistic expectations out of thin air.

The positive signaling from @realDonaldTrump & his administration has been abundant and often specific.

Our frustration is justified. Clarity in our path forward is long overdue.

@pulte, @SecScottBessent, @howardlutnick...throw us a bone, gents.

[joe @Codicil_Capital]

VERY IMPORTANT INFORMATION FOR INVESTORS IN GSE SECURITIES $fnma $fmcc

A timeline of significant quotes and events regarding the GSEs from the Trump administration and noted investors.

May 21 '25 — Trump: "giving very serious consideration to bringing Fannie Mae and Freddie Mac public… throwing off a lot of CASH, and the time would seem to be right. Stay tuned!"
Trump, follow-up: "the U.S. Government will keep its implicit GUARANTEES."

Aug '25 — Trump posts "MAGA / The Great American Mortgage Corporation / NYSE." Plan: sell 5–15%, raise ~$30B.
Aug '25 — Bessent: a 3–6% stake "might amount to about $30 billion… maybe the biggest deal in history… valuations in the hundreds of billions."

Sept '25 — Pulte: "There's no rush." "Over $7 trillion of assets… no limit to what they could be worth."
Sept '25 — Lutnick: "could well be a this-year thing." "the largest IPO in history."

Oct '25 — Pulte: "opportunistically evaluating"; timing "up to the President… if ANYTHING!" Worth "between $500B to $750 Billion."

Nov '25 — Ackman: "Rushing to IPO is a mistake. We think they are worth a lot more." Three-step plan (~$400B), taxpayers holding >$300B. They "have already paid back their SPS with 10 percent interest."
Nov '25 — Pulte: decision "this quarter or early next year."

'25 — Pulte orders the GSEs to "count cryptocurrency as an asset for a mortgage."

Dec '25 — Burry: owns "good size" in both; relisting "nearly upon us."
Dec '25 — Lutnick: "We are well down the road."

Jan '26 — Trump: "a truly great decision… AN ABSOLUTE FORTUNE… $200 BILLION DOLLARS IN CASH." → orders ~$200B in mortgage-bond buys. 30-yr → 5.99%.
Pulte: "We are on it, Mr. President!"
Pulte on IPO: "It's entirely up to him… There's only one person who knows."

Jan '26 — Bessent, the real gate: "the most important metric… is any study or hint that mortgage rates would go up… a safe and sound release is going to hinge on the effect of long-term mortgage rates." + "Privatization… is a goal for this administration… the one requirement is that they are privatized in such a way that mortgage spreads do not widen."

Mar 13 '26 — Trump EO 14393: FHFA report due in 120 days.
Mar 22 '26 — Ackman: "Now that you have the time, Mr. President, let's Stop the Steal!" — $301B in dividends = SPS repaid.
Mar 30 '26 — Ackman: "stupidly cheap… could be a 10X." "Trump likes big deals and this would be the biggest deal in history."

Jun 5 '26 — Trump: "No, it's not [off the table]… It's not a rush." Floats ~$1T value.
Jun '26 — Pulte: "Great week for Fannie and Freddie. Stronger than ever." + "extraordinarily strong liquidity… I expect a very strong summer and fall season!"

Jul '26 — Burry: "no indication of any clarity regarding the ERCF." Real drivers = SPS + the Sept 7 '28 warrant expiry. Repaid → 3–4x, then 6–7x. Affirmed → "low single digits."

~Jul 11 '26 — FHFA 120-day report due.
Aug 10 '26 — Public comment period on the EO 14393 mortgage-credit report closes.

The entire GSE shareholder base is waiting. Time for the admin and the investors who've carried this to speak.

@pulte @BillAckman @michaeljburry @SecScottBessent @nicosintichakis @DoNotLose

[Adam Kim @AdamKim26]

@TheLastRefuge2 Honestly? You can spin this either way. But it shows that at least the family of our leader doesn’t have to hide like a coward unlike most of the Iranian Leadership.

[Alexander Hamilthon @xanderhamilthon]

Can we get a little attention on this crooks 18 year @FHFA CONservatorship robbery from the $fnma $fmcc shareholders? Then we can move on to the ACA fraud..

[Adam Kim @AdamKim26]

@blue_eyes3532 @DoNotLose I think some things he has done very well and some things, like the FNMA and FMCC very poorly. His administration has been one of the better ones in the past couple of decades.

[Horseman Country @HorsemanCountry]

$FNMA $FMCC

@pulte and (especially) @DNIPulte, how is it possible that more than a year has passed, & you've still never acknowledged the theft the Obama administration perpetrated on Fannie Mae, Freddie Mac, & their shareholders?

Financial futures were destroyed. Taxpayers were put at risk. Any fair minded person would expect to receive a little more than a casual "I’ll look into it“ (with no followup).

I mean...I thought fraud was your focal point. You have all of the receipts.

Shareholders have been patient and loyal...some to the death. Many of us have supported and defended you & the administration unconditionally.

That becomes more difficult by the day when there seems to be no acknowledgment of our existence...much less the harm we’ve endured.

An ounce of clarity and direction in our path forward would go along way, Sir. Perhaps @SecScottBessent could chime in on the SPSPA. The debt has been repaid as if F2 took out a juice loan.

A simple uplist to a legitimate exchange so we could finally have organic price discovery is more than appropriate. And that would have zero negative impact on mortgage spreads.

In the meantime, we languish on an OTC market...while constantly being told F2 is better than ever and that we’ve invested in a trillion company.

You can surely understand our frustration. We were hopeless with good reason during the Biden era. But the rhetoric of this administration has generated optimistic expectations. Please tell us that you guys are not just another wing of the same bird.

[Nico @nicosintichakis]

Politicians of America, put your politics aside and ask yourself:

Have Fannie Mae and Freddie Mac paid back everything they borrowed plus an extra hundred billion for taxpayers?

Would we have a vibrant housing market without Fannie Mae and Freddie Mac?

Is an 18 year conservatorship normal course business?

Should successful companies remain in conservatorship indefinitely?

Does prolonged conservatorship create uncertainty for housing finance?

Is maintaining the status quo the best outcome for taxpayers, homeowners, and the broader economy?

What other private companies have remained in conservatorship for nearly two decades?

Has indefinite conservatorship become the policy by default?

Are today’s circumstances the same as they were during the financial crisis?

Who benefits from leaving this unresolved?

What message does this send about temporary government intervention?

@DNIPulte @pulte @SecScottBessent @realDonaldTrump @howardlutnick @WhiteHouse @RepFitzgerald @SecretaryTurner @michaeljburry @BillAckman

$FNMA $FMCC #Fanniegate

[Dayna 🦅🇺🇸 @FreedomDayna]

So this just came and went with no acknowledgement from @realDonaldTrump @SecScottBessent @pulte
I thought this Administration was pro-working class & Unions? $FNMA $FMCC

https://t.co/UG1sfLVl9I

[Nico @nicosintichakis]

@FreedomDayna @SecScottBessent @pulte Yet they think they're entitled to more

[Hand of God @TylerEHand]

@howardlutnick What about when he said

[Dayna 🦅🇺🇸 @FreedomDayna]

$FNMA received $119B & paid back that plus $61B more. FNMA & $FMCC have paid back >50% of the $ borrowed.

There are recipients of bailouts that have not even paid back what they borrowed GM, Chase, BofA, etc

Free the GSEs!
@SecScottBessent @pulte

https://t.co/Wql6FdZr2R

[Cassandra Unchained @michaeljburry]

Must understand for Fannie and Freddie investors. $FNMA $FMCC - this EO report is not necessarily public and may already be in the administration’s hands.

Order 14393 Promoting Access to Mortgage Credit was signed March 13, 2026. This EO gave the FHFA director 120 days to submit a report on the efficiency of national housing finance markets, recommendations on regulations or legislation. That is due right around this July 11th weekend.
https://t.co/ifequlEP9C

[Hand of God @TylerEHand]

"Fannie and Freddie as enterprises benefit from improved capital position, but common shareholders do not see it and today have no claim to it," noted.

Burry, who was depicted as predicting the housing crash that led to conservatorship in the movie, "The Big Short."

Since the enterprises have been allowed to retain earnings to build capital, the Treasury's not getting much from Fannie and Freddie either, Burry noted.

"There is a general misunderstanding that the Twins are currently sending profits back to the U.S. government. This is not true. The Treasury is not getting significant cash flows from the Twins at this time," he wrote.

This puts some pressure on the government to do something to monetize the enterprises, and Burry said a change to the senior liquidation preference would be the first step before the administration would allow something like the new stock offering it has contemplated.

$FNMA $FMCC

https://t.co/UyBlMWjvze