something me and you share , fun.
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back to 8cents ... nothing new!
MJNA Security Details
Share Structure
Market Value1 $457,526,430 a/o Nov 01, 2016
Authorized Shares 5,000,000,000 a/o Mar 31, 2016
Outstanding Shares 2,868,504,261 a/o Mar 31, 2016
-Restricted Not Available
-Unrestricted Not Available
Held at DTC Not Available
Float 411,045,323 a/o Mar 31, 2013
Par Value 0.001
http://www.otcmarkets.com/stock/MJNA/profile
@25cents MJNA worth 1.25Bil$$$...do you math ...good luck!!!
Kakaka @25 cent is over valued...orders food when you still want it!
The harsh reality is that if you buy shares in pot stocks today, your ... Medical Marijuana (ticker: MJNA), Cannabis Science (ticker: CBIS), and GrowLife ... for his involvement in mortgage fraud that caused $10 million in losses.
Why marijuana stocks might go up in smoke
Cannabis companies are rife with problems. For now, investors would be wise to just say no
Published
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Investment companies
If you’re like many investors, you always have an eye out for the next big growth market. If you can get in early, you might be able to profit handsomely—maybe even make a killing. For many, the market for marijuana stocks, much like the market for tech stocks in the early 1990s, seems to offer such an opportunity.
The main reason is that the marijuana market is growing rapidly. Over the past year, retail sales in Colorado alone generated about $700 million, almost half of which came from sales of medical marijuana. Cannabis is now legal in four states, with perhaps five more planning to join them in 2016. Twenty states allow the use of medical marijuana. It seems clear that the trend will continue and that marijuana will become a multibillion-dollar industry.
Dozens of cannabis companies have sprung up as a result of a wave of legalization and decriminalization. Investors can now bet on them through so-called marijuana stocks—and do they ever. When laws legalizing marijuana in Colorado and Washington state went into effect, shares in many of those companies soared.
But it wasn’t long before they came crashing down. The harsh reality is that if you buy shares in pot stocks today, your investment stands a good chance of fizzling out.
Wild west of capitalism
Part of the reason has to do with how marijuana stocks, also known as penny stocks, trade. Medical Marijuana (ticker: MJNA), Cannabis Science (ticker: CBIS), and GrowLife (ticker: PHOT), to name a few of the largest, trade on the over-the-counter market. The companies that register them are subject to almost no listing requirements and are barely regulated by the Securities and Exchange Commission or the Financial Industry Regulatory Authority (FINRA). (A number of legitimate foreign firms are on the OTC market for reasons of convenience, but that’s another story.) Those companies don’t have to file reports with the SEC, so reliable information about their income statements and balance sheets can be difficult for investors to .....
http://www.consumerreports.org/cro/news/2015/06/why-marijuana-stocks-might-go-up-in-smoke/index.htm
November 02, 2016 10:12 ET
Medical Marijuana (MJNA) Soars Ahead of Pivotal U.S. Elections -- CFN Media
SEATTLE, WA--(Marketwired - Nov 2, 2016) - CFN Media Group, the leading creative agency and digital media network dedicated to legal cannabis, announces the publication of an article covering Medical Marijuana Inc.'s (OTC PINK: MJNA) wide ranging presence in the emerging legal cannabinoid-based pharmaceutical and medicines market in advance of the United States' elections. Included is a discussion of AXIM Biotechnologies, one of MJNA's leading portfolio companies.
Medical Marijuana Inc. is a diversified conglomerate with a focus on the extraction and formulation of cannabinoid-based products. The company targets pharmaceutical, nutraceutical, and cosmeceutical industries. These products are distributed across a growing number of countries around the world, including Mexico, Brazil, Paraguay, and Puerto Rico.
The company's portfolio provides investors with built-in diversified exposure to the cannabis industry in a single publicly traded entity. For example, AXIM Biotechnologies and Kannalife provide exposure to the biotech side of the industry while HempMeds and Kannaway are focused on the consumer side.
Medical Marijuana Inc.'s stock has soared more than 140% over the past few weeks, as the market begins to realize the company's potential. This, coupled with the "November Election Factor," has led a turnaround in many out-of-favor cannabis stocks over the past weeks. The prior cycle, MJNA peaked at 48 cents based on future speculation of cannabis law reform. The advance this period is partly based on speculation -- but there are now significant fundamental forces taking hold.
Click here to read the full article: http://www.cannabisfn.com/medical-marijuana-mjna-soars-ahead-of-pivotal-u-s-elections/
Learn how to become a CFN Media featured company, brand or entrepreneur: http://www.cannabisfn.com/become-featured-company/
Download the CFN Media iOS mobile app to access the world of cannabis from your smart phone: https://itunes.apple.com/us/app/cannabisfn/id988009247?ls=1&mt=8
Or visit our homepage and enter your mobile number under the Apple App Store logo to receive a download link text on your iPhone: http://www.cannabisfn.com
About CFN Media
CFN Media (CannabisFN) is the leading creative agency and media network dedicated to legal cannabis. We help marijuana businesses attract investors, customers (B2B, B2C), capital, and media visibility. Private and public marijuana companies and brands in the US and Canada rely on CFN Media to grow and succeed.
About Medical Marijuana Inc.
Our mission is to be the premier cannabis and hemp industry innovators, leveraging our team of professionals to source, evaluate and purchase value-added companies and products, while allowing them to keep their integrity and entrepreneurial spirit. We strive to create awareness within our industry, develop environmentally friendly, economically sustainable businesses, while increasing shareholder value. For details on Medical Marijuana, Inc.'s portfolio and investment companies, visit http://www.medicalmarijuanainc.com.
To see Medical Marijuana, Inc.'s video statement, click here.
Shareholders are also encouraged to visit the Medical Marijuana, Inc. Shop for discounted products.
Disclaimer:
Except for the historical information presented herein, matters discussed in this release contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Emerging Growth LLC, which owns CFN Media and CannabisFN.com, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Emerging Growth LLC may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice. Emerging Growth LLC may be compensated for its services in the form of cash-based compensation or equity securities in the companies it writes about, or a combination of the two. For full disclosure please visit: http://www.cannabisfn.com/legal-disclaimer/.
http://www.marketwired.com/press-release/medical-marijuana-mjna-soars-ahead-of-pivotal-us-elections-cfn-media-2172082.htm
MORE DD/EVIDENCE THAT MJNA = SCAM
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=113323292
http://stockaholics.net/threads/is-mjna-a-scam.1331/
MJNA scam
Im just cut and pasting and old thread about this company that I initially wrote in 2013
Here we go:
There has been much excitement after last November's election where Colorado and Washington State were the first two states to legalize recreational marijuana. If you are an adult over the age of 21, you can legally be in possession of one ounce of weed.
Naturally this caused a big spike in interest from many people looking to profit from what promises to be a growing trend relaxing the draconian laws surrounding marijuana use.
One of the first things any budding new investor does is look up marijuana companies.
They inevitably stumble across what at first glance seems to be the most promising candidate for investment, MJNA, Medical Marijuana Inc.
Not only does the ticker symbol fit, but the name itself has the words "Medical" and "Marijuana" in it! How can you go wrong?!?
Those of us who have been in the markets for a while know better than to fall for this trick, but not so for new comers. Not only are they falling for the name trick, but they do not realize that MJNA trades on the lowest of exchanges and has a less than stellar history, punctuated by little spikes in price any time a promotion or mention of marijuana legalization hits the news.
Recently on the boards here at hotstockmarket.com, a new member posted his frustrating attempt to buy stock in MJNA was blocked by his broker due to a DTC chill:
Quote:
Originally Posted by gbillig [?IMG]
I have been patiently waiting for weeks to try and get in on MJNA using tdameritrade. when i first received the message, "Order cannot be processed due to a DTC chill restricting the ability to transfer a security and settle the trade", I called tdameritrade to try and get answers. they told me there was nothing they could do, as the DTC has put a restriction on the stock and not them.
There is a good reason that brokers do this, they are trying to protect their most naive and gullible of clients from throwing their money away.
While it may be extremely frustrating for our friend here to have missed an amazing 400% run to 50c from 10c last month, you can rest assured that somebody up there at 50c or where ever the inevitable dump begins will be losing more money than they should have gambled with.
One of the first things you should do when researching a company is to take a look at who is running the show. Simply reading off the bio from the company's own website is not really research, you will never find a company displaying dirt on its own CEO or directors!
WARNING – Don’t Buy Cannabis Stocks!
APRIL 20, 2016 BY NANALYZE 14 COMMENTS
In a recent article titled “No to Marijuana Stocks, Yes to Weed Investing“, we advised investors to stay well clear of any over-the-counter (OTC) “cannabis stocks” as they are most likely all scams. Don’t believe us? Even FINRA warned specifically against investing in these vehicles:
Marijuana Stock Scams Update: In early January 2014, new laws regarding the legalization of marijuana for medical and recreational purposes went into effect in a number of states. At the same time, media coverage of the issue increased, as did investor interest in shares of marijuana-related companies. In some cases, volumes for the stock of otherwise thinly traded, marijuana-related companies increased dramatically—and prices became quite volatile. In May 2014, the SEC issued an alert and accompanying trading suspensions for numerous companies that claim their operations relate to the marijuana industry.
http://www.finra.org/investors/alerts/marijuana-stock-scams
Given the stoned populace that now wants to “invest in weed legalization man”, it’s very easy for these OTC companies to present a compelling case for their “cannabis stocks” given the lack of investing acumen in most of the people interested. Not to mention, they’re probably baked out of their gourds half the time. The truth is, there are no opportunities to invest in cannabis yet for retail investors except for maybe one company.
A half-baked article was published by Benzinga a few days ago titled “6 Weed Stocks That Aren’t Penny Stocks“. Based on the fact that it was published one day before 4/20, we’re not guessing the author knows that much about cannabis. Here’s an excerpt from that article:
Although investing in stocks that trade off of the major exchanges is always a risky proposition, here are six marijuana stocks that at least (for now) have avoided “penny stock” status by maintaining share prices above $1.
1. GW Pharmaceuticals (NASDAQ:GWPH)
2. Zoned Properties Inc (OTC: ZDPY)
3. AeroGrow International, Inc. (OTC: AERO)
4. Cannabis Sativa Inc (OTC: CBDS)
5. CANOPY GROWTH CORP COM NPV (OTC: TWMJF)
6. General Cannabis Corp (OTC: CANN)
Just because these stock prices are expressed in dollars does not mean they are safe at all to invest in. Any “penny stock” can express their price in dollars by performing a reverse split. If you believe that article and invest in these stocks, you should just roll your money up and light it on fire. The warmth you get from that fire will be of more value than the eventual value of those OTC shares in the majority of cases. A chronic problem that exists on the OTC exchange is that of incompetent management teams and pump-and-dumps. Don’t take a hit by investing in these duds. The jury remains out on GW Pharmaceuticals (NASDAQ:GWPH) which is traded on NASDAQ and has a market cap of $1.8 billion.
Cannabis as an investment theme is a very viable one. Even Peter Thiel’s Founders Fund is investing in this space. With decriminalization in effect in the U.S., cannabis is gradually losing the stigma associated with it and investors see this trend. The great team over at CB Insights published their newsletter today wishing everyone a happy 420 day and exhaled the below pictorial which shows just how popular cannabis startups have become:
Cannabis_Companies
On a side note, we grew up thinking that 420 originated from a police code for homicide. While that’s partially true, it actually originated from some high school students in San Rafael back in the 1970s. Who knew eh? Anyways, what were we talking about? Oh yeah, investing in weed.
So according to CB Insights, cannabis startups raised over $213 million in 2015 with deals hitting a new high in Q4 2015. With over 50 companies in this space, some of these names are just dank. “Nugg” and “Speedweed” will deliver some buds to your door when you’re craving. “Kind” helps your weed themed business venture to stay in compliance with the law. “CannabisNow” and “Merry Jane” (get it?) provide your weed news as it breaks. Given the target consumer profile, having a memorable name for your cannabis startup is key here.
With at least private 50 companies sprouting up like weeds in the cannabis space, there will certainly be opportunities to invest in the future for retail investors. In the meantime, there are probably 100s of OTC companies, trading in pennies or dollars per share, that claim to be viable ways to invest in the future of cannabis. Don’t invest in them! Instead, just keep reading Nanalyze and we’ll steer you clear of all the traps out there and make sure you’re kept up to date on the first cannabis IPO that gets passed our way.
Looking to buy shares in companies before they IPO? A company called Motif Investing lets you buy pre-IPO shares in companies that are led by JP Morgan. You can open an account with Motif with no deposit required so that you are ready to buy pre-IPO shares when they are offered.
http://www.nanalyze.com/2016/04/warning-dont-buy-cannabis-stocks/
when DEA gets new boss and new rules apply!
well calls ... good money for holidays...I am waiting MJNA restructure their AS... Gl and happy Holidays
11c by Friday ..maybe
ok 1.8 bil shares for sale ... who want more shares?
Unsolicited Warning http://www.otcmarkets.com/stock/MJNA/quote
8c the day
News: MJNA 5$ a share , after RS 1:1000
Share Structure
Market Value1 $320,985,627 a/o Oct 25, 2016
Authorized Shares 5,000,000,000 a/o Mar 31, 2016
Outstanding Shares 2,868,504,261 a/o Mar 31, 2016
-Restricted Not Available
-Unrestricted Not Available
Held at DTC Not Available
Float 411,045,323 a/o Mar 31, 2013
Par Value 0.001
Be Alert When You Receive Spam E-mail or Faxes And When You See “Unsolicited Quotations” Posted for Stocks
http://www.otcmarkets.com/stock/MJNA/quote
1:1000 is coming
a Company only worth 80mil$ ...in the future will be 250mil$ only after 5 bil AS become 5 mil shares !
look like rev.slipt 1:1000 Mjna 5$ ... you lose they win
Judge rules that Wells Fargo could have forged a document
http://westfaironline.com/82579/judge-rules-that-wells-fargo-could-have-forged-a-document/
President Bush Insisted Fannie and Freddie Would be Owned by Shareholders
http://www.valuewalk.com
This post is part of an ongoing series that examines the way stock exchange independence rules relate to director compensation. We are for the most part including companies from 2016’s Fortune 500 and using information found in their 2016 proxy statements.
NASDAQ and the NYSE have similar rules with respect to director independence. NYSE Rule 303A.01 requires that each listed company’s board of directors be comprised of a majority of independent directors. A director does not qualify as “independent” if he or she has a “material relationship with the company.” NYSE Rule 303A.02(a). In addition, the director is not considered independent under NYSE Rule 303A.02(b)(ii) if the director received more than $120,000 in direct compensation, other than director’s fees, during any of the previous three years. The NYSE imposes a higher independence standard for directors serving on the company’s audit committee by requiring them to comport with Rule 10A-3 (C.F.R. §240.10A-3) (see Rule 303A.06) and requires consideration by the board of directors of certain specified factors in designating directors for the Compensation Committee. See NYSE Rule 303A.02(a)(ii).
Finally, as the Commission has noted with respect to director independence:
All compensation committee members must meet the general independence standards under NYSE’s rules in addition to the two new criteria being adopted herein. The Commission therefore expects that boards, in fulfilling their obligations, will apply this standard to each such director’s individual responsibilities as a board member, including specific committee memberships such as the compensation committee. Although personal and business relationships, related party transactions, and other matters suggested by commenters are not specified either as bright-line disqualifications or explicit factors that must be considered in evaluating a director’s independence, the Commission believes that compliance with NYSE’s rules and the provision noted above would demand consideration of such factors with respect to compensation committee members, as well as to all Independent Directors on the board.
Exchange Act Release No. 68639 (Jan. 11, 2013); see also Exchange Act Release No. 68641 (Jan. 11, 2013).
Independent directors are compensated for their service on the board. The amount of “total compensation” can be seen from examining the director compensation table from the Federal Home Loan Mortgage Corporation’s (OTCMKTS: FMCC) 2015 10-K. According to the 10-K, the company paid the directors the following amounts:
Name
Fees Earned or Paid in Cash ($)
Stock Awards ($)
Option Awards($)
All Other Compensation ($)
Total ($)
Christopher S. Lynch*
292,167
0
0
0
292,167
Raphael W. Bostic**
157,778
0
0
0
157,778
Carolyn H. Byrd
185,000
0
0
0
185,000
Lance F. Drummond**
79,375
0
0
0
79,375
Thomas M. Goldstein
170,000
0
0
0
170,000
Richard C. Hartnack
170,000
0
0
0
170,000
Steven W. Kohlhagen
175,000
0
0
0
175,000
Donald H. Layton
0
0
0
0
0
Sara Mathew
170,000
0
0
0
170,000
Saiyid T. Naqvi
160,000
0
0
0
160,000
Nicolas P. Retsinas
160,000
0
0
0
160,000
Eugene B. Shanks, Jr.*
177,833
0
0
0
177,833
Anthony A. Williams*
172,167
0
0
0
172,167
* In March 2015, Mr. Lynch and Mr. Williams left, and Mr. Shanks joined, the Audit Committee.
** Mr. Bostic joined the Board in January 2015. Mr. Drummond joined the Board in July 2015. The amount of Mr. Drummond's compensation includes partial annual compensation for the period he served on the Audit Committee during 2015.
*** Because Freddie Mac does not have pension or retirement plans for their non-employee directors and all compensation is paid in cash, “Change in Pension Value and Non-qualified Deferred Compensation Earnings” and “All Other Compensation” columns have been omitted.
Director Compensation. Board members receive compensation in the form of cash retainers only, paid on a quarterly basis. Non-employee directors are reimbursed for reasonable out-of-pocket costs for attending meetings of the Board or a Board committee of which they are a member and for other reasonable expenses associated with carrying out their responsibilities as directors.
Director Tenure. Mr. Retsinas is the longest serving director, having served since June of 2007. Mr. Drummond began as a director in July of 2015 and is the newest member of the board. Only six of the thirteen directors hold directorships with other companies. Ms. Byrd serves as a director of Popeyes Louisiana Kitchen, Inc. and Regions Financial Corporation. Mr. Hartnack serves as a director of Synchrony Financial. Mr. Kohlhagen serves as a director for AMETEK, Inc. and GulfMark Offshore, Inc. Mr. Lynch serves as a director for American International Group Inc. Ms. Mathew serves as a director for Avon Products, Inc., Campbell Soup Company, and Shire plc. Mr. Shanks, Jr. serves as a director for ACE limited.
Executive Compensation. Mr. Layton has served as Chief Executive Officer and a member of the Board since May 2012. Mr. Layton received an annual base salary of $600,000, “a level established by FHFA.” Mr. Layton has a cumulative Target Total Direct Compensation (“TDC”) for 2015 of $5,200,000. Mr. Layton is eligible to participate in all employee benefit plans offered to Freddie Mac’s other senior executives. Mr. Mackey has served as the Chief Financial Officer since November 2013. Mr. Mackey has an annual Target TDC opportunity of $3,000,000, consisting of a base salary of $500,000 and Deferred Salary of $2,500,000; and the opportunity to participate in all employee benefit plans offered to Freddie Mac’s executive officers. Mr. Mackey was also provided with a cash sign-on award of $960,000 in recognition of the forfeited compensation at his prior employer and commuting expenses during the first several months of his employment.
http://www.theracetothebottom.org/home/2016/10/6/the-director-compensation-project-federal-home-loan-mortgage.html
Fannie Mae: Sweeny Denies Government “Privilege” Claims Including White House Communications by Todd Sullivan, ValuePlays
Another huge win before Sweeney. The government sought to hide documents from discovery by plaintiffs. They claimed: 1- Presidential privilege 2- Deliberative process privilege 3- Bank examination privilege
In total Sweeney reviewed 56 documents. She order the government to produce all 56 to plaintiffs. The documents in question ential pre-conservatorship projections for Fannie Mae and Freddie Mac, housing reform discussions with the White House, preliminary net worth sweep projections between FHFA, Treasury and the White House, a “Memorandum reflecting confidential communication from senior White House advisors to the President regarding housing policy ideas and initiatives”.
http://www.valuewalk.com/2016/10/fannie-mae-sweeny-denies-government-privilege-claims/
Fannie Mae: Sweeny Denies Government “Privilege” Claims
http://www.valuewalk.com/2016/10/fannie-mae-sweeny-denies-government-privilege-claims/
Judge Sweeney Ties Pre-Conservatorship Blackrock Documents To Capital Injection Forecasts
http://seekingalpha.com/article/4010043-judge-sweeney-ties-pre-conservatorship-blackrock-documents-capital-injection-forecasts
A company makes more than 10bil$ a year ! tick tack ... tack tick .. the truth is coming ..GL
Federal Home Loan Mortgage Corp (FMCC) Updated Broker Price Targets
Market analysts have recently updated their ratings and price targets on shares of Federal Home Loan Mortgage Corp (FMCC). The latest reports which are currently in issue on Thursday 29th of September state 0 analysts have a rating of “strong buy”, 0 analysts “buy”, 0 analysts “neutral”, 0 analysts “sell” and 0 analysts “strong sell”.
Most recent broker ratings and price targets
03/02/2016 – Federal Home Loan Mortgage Corp had its “buy” rating reiterated by analysts at Rafferty Capital Markets.
http://www.desotoedge.com/stocks/federal-home-loan-mortgage-corp-fmcc-updated-broker-price-targets/4370
Buy now if you can ... it's under 5$... lol
Sunburn for 9.29.16 – Behold, the future
‘DOC STAMP’ TAX ON FREDDIE MAC, FANNIE MAE DEALS IS ILLEGAL, SUIT SAYS via Jim Rosica of Florida Politics — Richard A. Castorri filed suit last week in Leon County Circuit civil court against the Department of Revenue (DOR), court dockets show. He bought a house in Leon County from Fannie Mae in 2014, his suit says. A Documentary stamp, or doc stamp, tax is levied on the sale of real estate. The state collected nearly $2.1 billion in doc stamp revenue in 2015-16, DOR records show. Ten years earlier, during the real estate bubble before the Great Recession, it took in about twice that. Fannie Mae and Freddie Mac are the nicknames for U.S. government-controlled companies that, among other things, buy residential mortgages and re-sell them to investors. They also sell homes they take over after foreclosures. Castorri’s complaint alleges “real property transfers” involving the two companies “are completely exempt from all state taxation under federal and Florida law.” The state’s land and water conservation program approved by voters as Amendment 1 in 2014 depends on doc stamp revenue, however. The measure requires state officials to set aside 33 percent of doc stamp tax revenue to protect Florida’s environmentally sensitive areas for 20 years. This year, that number is expected to total more than $740 million. Castorri’s suit points to the charters of Fannie Mae and Freddie Mac, which say all of their business activities, including home sales, “shall be exempt from all taxation … by any state, county, municipality or local taxing authority.”
http://saintpetersblog.com/sunburn-9-29-16-behold-future/
Bruce Berkowitz on banks, Fannie Mae and Trump
http://www.cnbc.com/2016/09/23/bruce-berkowitz-on-banks-fannie-mae-and-trump.html
Big deal !
RESTON, VA, September 22, 2016 /24-7PressRelease/ -- For a period of time, much of Fannie Mae's Software Configuration Management (SCM) services had been delivered by an external vendor, offsite from the organization's offices in Reston, VA. In early 2015, Fannie Mae took on the goal of internalizing subject matter expertise and focusing on developing and fostering core skill sets within internal teams of full-time employees. In a market where technology talent is in short supply, Fannie Mae strategically turned their focus towards building their internal talent pool, investing in their people with the goal of maximizing retention.
Thus, Fannie Mae began a structural shape shift - specifically, transitioning their SCM services back in house. In a new vendor collaboration with IT and professional services provider FDM Group, Fannie Mae was able to successfully accomplish that transition. FDM worked collaboratively with Fannie Mae's DevOps Transition Team to develop a customized training program specific to the organization's SCM needs. FDM recruited and trained local talent and worked together with Fannie Mae managers to ensure a smooth on-boarding process and effective knowledge transfer. As Fannie Mae sought to build a team that reflects the greater population that they serve, FDM played a key role in recruiting a diverse pool of candidates.
The training included Java and scripting technologies, Puppet and Jenkins tool stacks, and agile best practices that would allow FDM Consultants to fulfill a number of objectives including: supporting the legacy tool set as the third-party resource was wound down; backfilling the third-party resource with a second wave of Consultants; and migrating the tools from legacy to the target state platform. All of this effort was underpinned by the adoption of a DevOps approach across the SCM team to enable swift IT change. The new team of FDM Consultants in this Enterprise SCM team was able to take over full function from the previous vendor with a transition time of only four months.
FDM CEO Rod Flavell spoke of the collaboration between FDM and Fannie Mae, saying that it "clearly showcases the results that companies can achieve by investing in their talent pipeline for the future. By transitioning FDM Consultants permanently after a period of two years, Fannie Mae's talent pool will be strengthened, giving them a competitive edge. Utilizing the typical contractor model without considering the need to retain knowledge, skills and resource long term doesn't have the same effect."
Today, Fannie Mae is experiencing first-hand the value of this in-house, agile SCM work environment. With the new core team in place, the SCM services are still meeting the existing SLAs and the DevOps Transformation Team has optimized their services in-line with industry best practices. Supported migration volume has improved by more than 20% since April, and 10 legacy applications have been migrated to target state architecture. Quality of service has been increased and the speed of issue resolution has dramatically improved. In addition to the benefits of having local, onsite resource, this team has an enhanced skillset in comparison to the previous vendor's teams due to FDM's bespoke and immersive training.
For Nathaniel Hahn, a current FDM Consultant placed at Fannie Mae within the SCM group, being in an agile team means always using forward-thinking and optimizing performance. He explained the function of his role and how, together, they are producing quality output:
"On the SCM Team, we provide critical automated build and deploy support to all of Fannie Mae's applications. We also transform applications from manual to automated builds and deployments, which greatly reduces the cycle time of applications in development. In my role on the team, I drive continuous improvement of our service quality through agile practices using Kanban. We focus our improvements on educating customers on how to use our services, ensuring that knowledge is shared amongst the team to improve our issue reaction time, and automating manual processes to reduce time spent on repetitive tasks. By identifying our key improvement areas and forming small sub-teams to implement our ideas, we are streamlining the process for developers using SCM tools to rapidly iterate on ideas from the business."
Rakesh Bantu, Manager of DevOps (CICD) Development Services at Fannie Mae, oversees this team and has been pleased with the performance of FDM Consultants like Nathaniel: "It was refreshing to see how FDM invested in junior talent, along with training military veterans. Fannie Mae's SCM services directly benefited from this investment, and I was very impressed with how FDM worked hand-in-hand to understand our needs and provide resources. We are already seeing the results from this talent where they are challenging the status quo and bringing in fresh ideas."
Fannie Mae's DevOps Transition is a true success story for making human capital planning strategies and objectives a reality. This new collaboration with FDM and the achievements of the resulting team are great indicators of the potential for the future state of DevOps at Fannie Mae.
Fannie Mae
Fannie Mae helps make the 30-year fixed-rate mortgage and affordable rental housing possible for millions of Americans. We partner with lenders to create housing opportunities for families across the country. We are driving positive changes in housing finance to make the home buying process easier, while reducing costs and risk. To learn more, visit fanniemae.com and follow us on twitter.com/FannieMae.
FDM Group Inc.
FDM Group is an international professional services provider with a focus on IT. The award-winning FDM Careers Program offers a diverse range of candidates the opportunity to kick-start their career in technology and business. FDM specializes in providing clients with Consultants trained in core IT and business disciplines including: business analysis, project support, project management, software development, data and operational analysis, system testing, production support, and more. FDM provides high-value and low risk IT services to over 180 clients worldwide to help them achieve specific business objectives within various sectors, including financial services, media, retail, insurance and more. Find out more at fdmgroup.com and follow us on twitter.com/FDMGroup.
http://www.otcmarkets.com/stock/FNMA/news
Government Sponsored Enterprise Investor Tim Pagliara Appeals Dismissal Of Freddie Mac Case To 4th Circuit
http://seekingalpha.com/article/4007903-government-sponsored-enterprise-investor-tim-pagliara-appeals-dismissal-freddie-mac-case-4th
Understanding the GSEs Fannie Mae and Freddie Mac
http://www.theworldbeast.com/fannie-mae-and-freddie-mac.html
What support does the government give?
As already mentioned, Fannie Mae and Freddie Mac started working as Government entities, only to be privatized later while keeping the government support. This was done to push the growth of a private secondary market for mortgage loans.
These two GSEs are supported via the credit lines of the US Treasury. Thus the mortgage securities guaranteed by them are deemed to be at par with that issued by the Federal Government. Fannie Mae and Freddie Mac are always supported in case they fall into any financial trouble.
Though these two corporations have fulfilled the purpose for which they had been receiving the Federal support, they are not willing to give it up. Many attempts have been made to take away the support but, over the years, the enterprises have become so powerful that they can now easily overcome such efforts.
yeah ! maybe after Trump wins WH , how many "Rat" will be in jail .... their money and future much more worry than me! lmao
buy and hold !
Lawsuit says Fannie defrauded homeowners during housing crisis
http://mobile.reuters.com/article/idUSL2N1BX2RC
Feds Probing Potential Insider Trading By Senator Bob Corker
http://www.zerohedge.com/news/2016-05-25/feds-probing-potential-insider-trading-senator-bob-corker
Fannie Mae Announces Two Credit Insurance Risk Transfer Transactions on $14.4 Billion of Single-Family Loans
http://finance.yahoo.com/news/fannie-mae-announces-two-credit-130000899.html
Statements in this release regarding Fannie Mae's future credit risk transfer activities are forward-looking, and future events could be materially different as a result of future legislative or regulatory requirements or changes and many other factors, including those discussed in the "Risk Factors" section of and elsewhere in Fannie Mae's annual report on Form 10-K for the year ended December 31, 2015 and its quarterly report on Form 10-Q for the quarter ended June 30, 2016.
Fannie Mae helps make the 30-year fixed-rate mortgage and affordable rental housing possible for millions of Americans. We partner with lenders to create housing opportunities for families across the country. We are driving positive changes in housing finance to make the home buying process easier, while reducing costs and risk. To learn more, visit fanniemae.com and follow us on twitter.com/fanniemae.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/fannie-mae-announces-two-credit-insurance-risk-transfer-transactions-on-144-billion-of-single-family-loans-300331628.html
Fanniegate, The Sequel, Gets Two Thumbs Down
Shareholders of Fannie Mae and Freddie Mac have not seen much success lately in their lawsuits against the federal government that are related to the controversial net worth sweep. Two cases were dismissed recently, but still, plaintiffs are appealing and also proceeding with other lawsuits.
In August, the U.S. District Court for the eastern District of Virginia dismissed Timothy J. Pagliara v. Federal Home Loan Mortgage Corp. Pagliara is the founder of Investors Unite, a coalition that was formed to encourage shareholders of the government-sponsored enterprises (GSEs) Freddie Mac and Fannie Mae to advocate for their rights as investors and that seeks “to educate and mobilize in an effort to regain our investments in the GSEs that are currently being illegally confiscated by the Federal Treasury,” according to the coalition’s website. He is also chairman, founder and president of CapWealth Advisors, in Franklin, Tenn.
http://www.mortgageorb.com/fanniegate-the-sequel-gets-two-thumbs-down
*DJ Press Release: Fitch Affirms Bellwether's Primary Servicer Rating
Sep 20, 2016 11:03:00 (ET)
The following is a press release from Fitch Ratings:
Fitch Ratings-New York-20 September 2016: Fitch Ratings has affirmed the commercial mortgage primary servicer rating of Bellwether Enterprise Real Estate Capital, LLC (Bellwether) at 'CPS2-'.
The affirmation reflects Bellwether's strong and experienced management team who has successfully executed the company's business plan for growth while maintaining consistent and improving commercial servicing operations. As a result of a 2014 merger and a 2015 acquisition, Bellwether expanded its servicing portfolio, geographic reach, as well as added depth and experience to its management team and staff while experiencing minimal turnover during the past several years. The rating also contemplates Bellwether's sufficient internal control framework, appropriate technology for its current portfolio, eight year history of primary servicing commercial real estate loans, as well as the company's adequate short-term financial condition.
Bellwether was formed in 2012 through the combination of Bellwether Real Estate Capital with the multifamily mortgage division of Enterprise Community Investment, Inc. of Columbia, MD. The company subsequently merged with Towle Financial Services in September 2014 and acquired Capital Advisors in June 2015 expanding the company's geographic reach, servicing portfolio, and employee base. The company's servicing portfolio increased to 2,367 loans with an unpaid principal balance (UPB) of $12.2 billion as of June 30, 2016 from 1,365 loans with a UPB totaling $6.3 billion at June 30, 2014. The commercial mortgage portfolio is comprised of insurance company (60%), GSE and FHA/RHS (20%), CMBS (17%) and equity and private investor (3%) loans.
Bellwether is a full-service commercial real estate finance company that acts as a correspondent lender for life insurance companies, pension funds, and CMBS lenders. It is also a direct lender for government sponsored entities (GSE) Freddie Mac and Fannie Mae, as well as an approved lender for the Federal Housing Administration (FHA) and Rural Housing Service (RHS).
Contact:
Primary Analyst
Andrew Foster
Director
+1-212-908-0714
Fitch Ratings, Inc.
33 Whitehall Street
New York, NY 10004
Secondary Analyst
Adam Fox
Senior Director
+1-212-908-0869
Committee Chairperson
Daniel Chambers
Managing Director
+1-212-908-0782
Media Relations: Sandro Scenga, New York, Tel: +1 212-908-0278, Email: sandro.scenga@fitchratings.com.
Additional information is available at 'www.fitchratings.com'.
Applicable Criteria
Rating Criteria for Structured Finance Servicers (pub. 01 Jul 2016)
https://www.fitchratings.com/site/re/884140
Rating Criteria for U.S. Commercial Mortgage Servicers (pub. 14 Feb 2014)
https://www.fitchratings.com/site/re/735382
Additional Disclosures
Solicitation Status
https://www.fitchratings.com/gws/en/disclosure/solicitation?pr_id=1011920
Endorsement Policy
https://www.fitchratings.com/jsp/creditdesk/PolicyRegulation.faces?context=2&detail=31
ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.
(END) Dow Jones Newswires
September 20, 2016 11:03 ET (15:03 GMT)
Sen. Corker on GSE reform
Wednesday, 7 Oct 2015 | 10:43 AM ET
CNBC's Rick Santelli talks with Sen. Bob Corker, (R-Tenn.), about reforming government sponsored entities that help fund mortgages in the United States.
http://video.cnbc.com/gallery/?video=3000429727