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Yes indeed!
virtually the whole show in the mortgage market, guaranteeing 80% of all new home loans in America
That's huge
Today is a bad day to dump your position imho
Fannie has returned $95 billion of the $116.1 billion
Fannie has returned $95 billion of the $116.1 billion cash it took from Treasury. And if the housing market continues to recover for the next year or so, it could easily return all that cash.
http://www.thedailybeast.com/articles/2013/06/28/fannie-mae-just-made-a-59-3b-payment-and-it-s-all-deficit-reduction.html
Fannie Mae Just Made a $59.3B Payment—and It’s All Deficit Reduction
More great evidence of the economic recovery—Fannie Mae, which with Freddie Mac got a crisis bailout to the tune of $180 billion, today gave back a big chunk, and it all goes to pay down the deficit.
http://www.thedailybeast.com/articles/2013/06/28/fannie-mae-just-made-a-59-3b-payment-and-it-s-all-deficit-reduction.html
Love it GLTA
The ask is very thin atm
Good news and reports will be coming. I'm in and I will not sell on this day for chump change gains. If by chance bad news comes out then I will just have to live with it. GLTA
Good news and reports will be coming in. I'm in and I will not sell on this day for chump change gains. If by chance bad news comes out then I will just have to live with it. GLTA
Company Reported Net Income of $58.7 Billion for the First Quarter of 2013
And it's getting better
http://www.fanniemae.com/resources/file/ir/pdf/quarterly-annual-results/2013/q12013_release.pdf
Today, more than 77 percent of the mortgages in the United States are guaranteed by these two firms.
FNMA will rebound
With so much exposure big news should be any day
Well then lock and load
The Government don't
Old or not it's the plan
With Fannie and Freddie Profitable, Government Eyes Exit
http://www.benzinga.com/news/13/06/3681951/with-fannie-and-freddie-profitable-government-eyes-exit
If no link is posted with such info take it as bs
It needs some good news
ask is thin
And the price is at 1.34. WTF?
They only care about feeding urban blight
It's about to turn back north
l2 ask is thin real thin
Democrats think the mortgage-finance companies should play a bigger role in making access to mortgage lending easier for all Americans, especially for underserved minority communities.
Another bubble to burst?
It's too bad all of this volume wasn't buys.
lol Yes it was
better try for .86
It will be small
I see FNMA don't approve.
He should be
FNMA needs some positive news.
It may not be the last day but the days are numbered.
With Fannie and Freddie Profitable, Government Eyes Exit
http://www.benzinga.com/news/13/06/3681951/with-fannie-and-freddie-profitable-government-eyes-exit
FNMA has no choice but to reclaim it's former glory, it may take a while but it will
Fannie wants to run
With Fannie and Freddie Profitable, Government Eyes Exit
http://www.benzinga.com/news/13/06/3681951/with-fannie-and-freddie-profitable-government-eyes-exit
With Fannie and Freddie Profitable, Government Eyes Exit
http://www.benzinga.com/news/13/06/3681951/with-fannie-and-freddie-profitable-government-eyes-exit
This is ridiculous compare to SIRI Shares Out 6.4B FNMA Shares Out
1.2B now look at the price. SIRI is over priced and FNMA is under priced nothing logical about this.
crawford2012 Thanks Thanks for the reply. I can't help but see how ridiculous the price is on business that is so profitable and the government must let them go when they are paid in full if not then they are nothing but lone sharks which is illegal.
That would be nice
Why does FNMA keep falling with all of the positive news?
That's great news