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That would be like saying commons deserve $80 a share....ow wait...
I’m going to go out on a limb and say neither will happen for quite some time.
Too bad it doesn’t mean anything.
I'll agree to that.
Doubt it. Gains weren't based on it being RRR'd in 2017. They were based on them being RRR'd.
When did he say that? Link?
4pm eastern? Couldn't tell from the link.
Hope that's their plan...
26.38 million to be exact. Come on power hour.
Nice first post.
Setting up to test $2.98.
I don't see the Gov letting it get there if they are going to R&R them.
There's a gap fill at $2.98 then it's off to the races.
5 million in volume in the first 30 minutes. I can't wait to see what power hour is going to look like.
At $3.50 :)
9500 followers
Nice call.
It gapped down .03 on a 110 share sell at the open. Not too concerned.
U.S. Treasury Secretary Steven Mnuchin said on Sunday that relief funding for hurricane-ravaged areas of Texas might be delayed if the U.S. Congress does not quickly increase the government’s debt limit.
https://www.reuters.com/article/us-storm-harvey-mnuchin/harvey-victim-funds-may-be-delayed-without-debt-limit-increase-mnuchin-idUSKCN1BE0TP
Dollars?
Black Night Financial said it could get up to 45000. Just another compelling reason that these two need capital to be able to serve their function.
https://www.cnbc.com/2017/08/30/harvey-hits-mortgages-as-flood-stricken-homeowners-are-unlikely-to-pay.html
You're getting good at this.
It's estimated most affected don't have flood insurance. Unless borrowers have funds for repairs, the first lien holders will be taking most of the loss.
https://www.usatoday.com/story/money/2017/08/29/hurricane-harvey-houston-flood-insurance-damages-claims/611910001/
http://www.nolo.com/legal-encyclopedia/what-happens-liens-second-mortgages-foreclosure.html
Not a lot of market demand I'm guessing.
Looks like we're almost through the Fannie wall.
If you build it (capital), they will come.
Wasn't someone complaining about "low" volume yesterday???
Welcome back.
It's getting pretty clear the divide between d's and r's on housing. Mnuchin said he wanted to find a bi-partisan solution but exchanges like that makes me think he's going to act alone.
Mnuchin Trades Barbs With Ellison and Waters in House Hearing
http://nationalmortgageprofessional.com/news/63863/mnuchin-trades-barbs-ellison-waters-house-hearing
Perhaps it was the surplus amount of drama in the healthcare debate and the internecine squabbling in the White House that distracted attention, but yesterday’s appearance by Treasury Secretary Steve Mnuchin before the House Financial Services Committee sparked an unusual exchange of insults between the cabinet member and a pair of legislators.
According to a CNN Report, Rep. Keith Ellison (D-MI) raised the term “foreclosure king” in reference to Mnuchin; in the period before Mnuchin’s confirmation, Democrats led by Sen. Elizabeth Warren (D-MA) tried to tar the former IndyMac executive with that title. Mnuchin responded to Ellison’s comment by stating, “I take great offense to anybody who calls me the foreclosure king.”
Ellison then pressed Mnuchin on robo-signing, and Mnuchin responded, “I don't think you even know what the definition of robo-signing is.”
At that point, Rep. Maxine Waters (D-CA), the committee’s ranking Democrat, interrupted the proceeding to ask Rep. Jeb Hensarling (R-TX), the committee chairman, “Would like to give the secretary an opportunity to apologize to Mr. Ellison?” Mnuchin responded, “I'm not apologizing to anybody because robo-signing is not a legal term and I was being harassed.”
It's called a 4th amendment.
I'll take 4 pennies a day.
No just no comment on it in the news article.
Interesting there's no comment about Layton saying the 2008 crisis is behind us. He made the comment at the 6:00-6:24 mark.
In all seriousness, I gave up trying to rationalize small fluctuations in price. If there isn't a logical reason, there usually isn't one. Enjoy your night too.
More sellers than buyers.
You're kidding right?