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@ShaleIntel: @ShaleIntel lots of support here. $FNMA $FMCC
Donotunderstand, this seems like a perfect argument to take up with Charles Constantinou?
@carney: As I've pointed out before, it makes no sense to stop sweeping profits now in order to avoid a contingent cost in the future.
Violation of the US constitution, faith in the US markets, what we have stood for. These profits are not going to a special account within UST to prepare for a calamity in the future and he knows it!! The profits are swept and then go to where the UST sees fit.
If you mean Starr (Greenberg) appeal he anticipated another 6-9 months.
TLT 581,700 shares @ $118.82 [13:07:43]
FNMAS 250,000 shares @ $4.40 [14:26:47]
Good strategies, easier to see further along in the game! Many different angles, even NYT is waiting for a response. They won't be letting up either!
excellent, wow!! Thanks TII!
Agreed, thanks for your great info, GLTY $ ALL!
FNMA 1,045,000 shares @ $2.48 [10:01:50]
FMCC 350,000 shares @ $2.40 [10:07:08]
JJ8, 8-k filed today. I think this will pass fairly quickly, but may affect volume?
Item 8.01 Other Items.
On July 15, 2015 we were informed by our corporate agent in Nevada that it had received on our behalf a summons in connection with a complaint filed on July 10, 2015 in the United States District Court for the Central District of California entitled “Stemage Skin Care LLC, a North Carolina limited liability company vs. NuGene International, Inc. et al.”(Civil Action No.8:15-cv-01078-AG-JCG). The complaint also names as defendants NuGene, Inc. (a California corporation), Mohammad Ali Kharazmi (our Chief Executive Officer and member of our Board of Directors), Mohammad Saeed Kharazmi (the Chairman of our Board of Directors), Kathy Ireland Worldwide (a California corporation), Stephen Roseberry, Steve Rosenblum and Erik Sterling. The complaint contains allegations of damage asserted to be grounded on
copyright infringement,
interference with contract,
intentional interference with prospective economic advantage,
negligent interference with prospective economic advantage, and
conspiracy.
The complaint allegedly arises out of an August 20, 2012 agreement among the plaintiff and kathy ireland inc. ("KI") pursuant to which KI made Kathy Ireland available to perform “Ambassador Services" as defined within that agreement. That agreement effectively terminated in October 2014 and is the subject of a separate arbitration with KI and Kathy Ireland before the American Arbitration Association. The Company believes that this complaint is without merit and intends a vigorous defense in this matter.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
NUGENE INTERNATIONAL, INC.
Dated: July 20, 2015 By: /s/ Ali Kharazmi
Ali Kharazmi, Chief Executive Officer
Ackman voluntarily brought up Fannie, Freddie (and seemed to shock Cramer) :) at a highly followed and publicized hedgie conference (Delivering Alpha.) He wasn't asked about Fannie, Freddie. He chose to talk about it himself. Maybe it's a nod to hedgie friends and Ackman followers.
Nice! Let's see some more of those today! $$$fnma, fmcc$$$
Yes, very exciting!
Powerful and wealthy connections, also hedge fund analyst/consultant
Sounds good, thanks! Charles will bring many years of knowledge and expertise. Looking forward to future shareholder meetings! :)
It's Charles that tweeted, not ambassador Clay. Just trying to help keep it all straight. :)
Chess, it wasn't ambassador, Clay, but instead Charles Constantinou that tweeted that he was buying fnma, fmcc. Some are just wondering if he is related to Clay and others.
Investor relations: "This is Ms Constantinou. Hello! This is Mr Constantinou." :)
He's also a hedge fund analyst.
Good times ahead for Fannie, Freddie!
Very happy to have his knowledge and expertise join the family here! Will be inviting both of them to ihub Fnma, Fmcc Thanksgiving!
He wanted to come to the toast. :)
Maybe he heard Ackman's surprise mention to Cramer at Delivering Alpha, or the Kudlow show? :)
Is he related to Katherine Constantinou?
http://www1.fanniemae.com/portal/about-us/media/financial-news/2015/6242.html
Yes, the call is not necessarily for shareholders, except for us nosey types that want to keep up with the company's developments. :) and yes $9 trillion sounds good to me!
Doesn't this create more demand for GSE MBS in the banks' portfolios? :)
Lower risk weight?
http://www.valuewalk.com/2015/07/g-sibs-capital-rules/?utm_source=mailchimp&utm_medium=email&utm_campaign=EMAIL_DAILY&utm_content=quick_link
Just keeping an eye on Fink and Blackrock.
http://investorsunite.org/turning-fox-loose-henhouse/
I was hoping someone here would know the date. :)
Interest-only mortgages: They're baaack
Diana Olick | @DianaOlick
43 Mins Ago
CNBC.com
They were the villains of the housing crash. Federal regulators called them toxic. Now interest-only mortgages are making a comeback, but these are not the loans of yesteryear or yester-housing booms.
"I think it's opening the door back to responsible lending, giving people choices," said Mat Ishbia, president and CEO of Michigan-based United Wholesale Mortgage, the second-largest lender through brokers in the nation.
The company announced Monday it is now offering interest-only loans through brokers, with significant safeguards. Borrowers must put 20 percent down, ensuring that they have the "skin in the game" that so many did not during the heady days of the housing boom. They must have at least a 720 FICO credit score, which is well above average, and they must qualify on what the payments will be once they're adjusted higher, not at the starter rate.
Real estate
Mike Powell | Getty Images
"These people can afford these mortgages. They're savvy homeowners," said Ishbia. "We're giving them the choice. It is no more risk to us. We actually think it's less risk."
United Wholesale Mortgage does not hold the loans but sells them to investors. Fannie Mae and Freddie Mac, the government-backed mortgage giants, do not buy these types of loans.
Read MoreHomebuilders take a 'beating' from lack of labor
The mortgage begins as a five-year adjustable-rate product. Without paying principal, a borrower using, for example, a $300,000 mortgage, would start at 4.125 percent today, the same as a 30-year fixed. Without paying principal, however, the borrower would save $420 per month.
The interest rate can then adjust higher after five years, depending on market rates, but borrowers for this product are underwritten at a rate above 6 percent to ensure they could handle that adjustment. Borrowers are also required to start making principal payments after 10 years; of course they can also refinance the loan whenever they want.
In 2013, the Consumer Financial Protection Bureau issued rules to protect consumers from what it deemed "irresponsible mortgage lending." So-called qualified mortgages under the new regulations would give lenders certain protections, should the loans go bad. Under the QM rules, according to the news release at the time, there would be:
No toxic loan features: A qualified mortgage cannot have risky loan features, such as terms that exceed 30 years, interest-only payments, or negative-amortization payments where the principal amount increases. In the lead up to the crisis, too many consumers took on risky loans that they didn't understand. They didn't realize their debt or payments could increase, or that they weren't building any equity in the home.
Interest-only loans therefore fall under the definition of a qualified mortgage. During the housing boom, they were used to help borrowers buy homes they really couldn't afford. Now, more lenders are starting to do them again, but with much tighter restrictions. They are mostly offered to high net worth individuals in the jumbo loan category, and banks hold the loans on their balance sheets.
Wells Fargo confirmed it does offer interest-only loans that it holds in its portfolio.
"If we feel the borrower has the ability to repay but they're not necessarily a qualified mortgage for some reason, we can still do the loan and we will do so," said Franklin Codel, head of mortgage production for Wells Fargo Home Lending, in an interview in late 2013.
Read MoreHow Dodd-Frank changed housing, for good and bad
This offering by United Wholesale Mortgage is designed to provide the product to a wider group of consumers through brokers. Consumer watchdogs are concerned that with a wider reach they will be used more for refinances, which could create a problem, given how quickly home prices are rising today.
"The value of the home is perceived to be worth more than what it is, so if you're using it for a refinance, you're not actually requiring cash out, you're using equity from the home," said Mitria Wilson, vice president of government affairs at the Center for Responsible Lending. "There is always the chance that the house is not worth the value that's stated."
Wilson concedes that the loans will not be nearly as risky as they were during the last housing boom, before all lenders were required to ensure borrowers' ability to repay on all loans.
"It's a far riskier product, a product that some consumers will be able to utilize beneficially, but by and large, most consumers do better with a 30-year fixed-rate mortgage," added Wilson.
http://www.cnbc.com/2015/07/20/interest-only-mortgages-theyre-baaack.html
@Austan_Goolsbee: can't roll over in my grave since still living. but maybe this will kill me first, then I will roll over in my grave https://t.co/eAblIBQ2Bx
I don't think the Hillary camp liked the Icahn/Fink debate. (Fink is big Hillary supporter.)
@CGasparino: looks like @HillaryClinton will make activist investors ie @Carl_C_Icahn the bogey men of 2016 prez race 1215pm @FoxBusiness @TeamCavuto
"Freddie Mac plans to hold a call for investors next week to discuss the new type of transaction, said the person, who asked not to be named without authorization to speak publicly. Brad German, a spokesman for the McLean, Virginia-based company, declined to comment."
http://www.bloomberg.com/news/articles/2015-07-17/freddie-mac-said-to-plan-new-type-of-mortgage-risk-transfer-debt?cmpid=yhoo
Mikoli007, that 19 minute gap seemed a little long!
MEASURING THE SYSTEMIC IMPORTANCE OF U.S. BANK HOLDING COMPANIES
Thursday, July 23, 2015
09:30 AM - 11:30 AM
538 Dirksen Senate Office Building
The COMMITTEE ON BANKING, HOUSING, AND URBAN AFFAIRS will meet in OPEN SESSION to conduct a hearing entitled “Measuring the Systemic Importance of U.S. Bank Holding Companies.” The witnesses will be: Professor Robert DeYoung, Capitol Federal Distinguished Professor of Finance, University of Kansas School of Business; Professor Deborah Lucas, Sloan Distinguished Professor of Finance and Director MIT Center for Finance and Policy, Sloan School of Management; Professor Jonathan R. Macey, Sam Harris Professor of Corporate Law, Corporate Finance, and Securities Law, Yale Law School; and The Honorable Michael S. Barr, Roy F. and Jean Humphrey Proffitt Professor of Law, University of Michigan Law School.
All hearings are webcast live and will not be available until the hearing starts. Individuals with disabilities who require an auxiliary aid or service, including closed captioning service for webcast hearings, should contact the committee clerk at 202-224-7391 at least three business days in advance of the hearing date.
Add To My Calendar (vCal)
Witnesses
Panel 1
Dr. Robert DeYoung
Capitol Federal Professor in Financial Markets and Institutions
University of Kansas School of Business
Professor Deborah Lucas
Sloan Distinguished Professor of Finance and Director MIT Center for Finance and Policy
Sloan School of Management
Professor Jonathan R. Macey
Sam Harris Professor of Corporate Law, Corporate Finance, and Securities Law
Yale Law School
The Honorable Michael S. Barr
Roy F. and Jean Humphrey Proffitt Professor of Law
University of Michigan Law School
NuGene International Inc. Secures $301,450 Product Purchase Reorder From Leading Existing Distributor and Also Announces New Distributor With Initial Orders Exceeding $71,000
http://finance.yahoo.com/news/nugene-international-inc-secures-301-110500353.html?.tsrc=applewf
I agree JJ8! If the government is violating the constitution, we must push back, defend our rights. We built a way of doing business in this country, and that does not include the government taking over companies to use as slush funds, or randomly taking 100% net profits in perpetuity.
We need to maintain investor confidence, be an example to the rest of the world.
Thankfully, Greenberg, 90 years old, is not afraid to push back.
What about DeMarco? I like how Rosner brought up Blackrock today. That's why I enjoyed watching Icahn/Fink debate this week. Icahn bought $50 million of Fnma, Fmcc common last year. Fink is head of Blackrock and good buddies with Geithner.
O, what a tangled web we weave when first we practise to deceive! Walter Scott