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Manipulation/Qatar backed out/Corker wants to shutter FnF again/volume under 5 mil./ It's Tuesday/Swipe will continue/Sweeney retired
Anybody else can chime in.
Go FnF!
Well somebody got a good night sleep!
Such positive Karma. The sacral chakra in my Fannie is now unblocked.
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Sparky's version of a Trump tweet
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Hell yes! All of our purchases to save a few pennies will eventually seem silly but it makes me feel better for now. Today was a tiny victory for me while waiting for the big victories to begin.
Go FnF!
I'll be damned. My $2.45 order filled.
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So Qatar oil is buying! Trump has a buyer for his ipo. You can see all kinds of neat stuff if you look hard enough.
Go FnF!
Aunty is there verification of the dinner? You know, like more than a tweet?
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I put a small buy order in for another 1000 shares at $2.45. That should stop the slide.
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So it was for the same reason that FnF were put into conservatorship instead of receivership!
Go FnF!
TOUCHE'
and well played sir!
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Does the more info link work for anybody?
Seems like a Monday morning joke. So vague.
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Will you think about Fannie at the beach?
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This dissent was discussed for a long time on this board after the decision. It was one reason for much heartburn with our judicial system.
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And hold them for ransome that never ends!
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LOL Somehow I was able to pick out Doc's reply!
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The Fed Hasn't Even Cut Rates Yet but It's Already Heating Up Housing Market
Bradley KeounJul 25, 2019 9:10 AM EDT
The Federal Reserve next week is expected to cut official interest rates for the first time in more than a decade -- a move to provide fresh stimulus to the U.S. economy at a time when growth has been slowing.
But in the U.S. housing market, signs are emerging that the Fed's efforts already might be taking hold.
It's a function of how financial markets work: Starting a couple months ago, the mere anticipation of a Fed rate cut started pushing down borrowing rates in U.S. money markets, which in turn helped to drive down yields on 10-year Treasury bonds. That downdraft eventually prompted many banks to reduce the interest rates they charge on mortgages.
Rates on standard 30-year mortgages fell below 4% recently for the first time since early 2018, creating a more compelling case for first-time homebuyers to commit to a monthly loan payment and making it cheaper for existing households to trade up, maybe into a new home.
Data released this week show that existing-home sales in the U.S., as tracked by the National Association of Realtors, appear to have stabilized after trending down this year, economists said. And new-home sales in the U.S. rose in June at an annual rate of 646,000, some 7% faster than the pace in May, the Census Bureau reported this week.
For the housing industry, it's a welcome change from 2018, when total home sales fell by about 3.1% as the Federal Reserve raised interest rates.
"The Fed's pivot is a contributor to the decline in mortgage rates, which has stabilized housing," said Doug Duncan, chief economist for Fannie Mae, a government-owned financing agency.
Renewed vigor in the housing market could bolster homebuilders like D.R. Horton (DHI - Get Report) and Lennar (LEN - Get Report) , while supporting faster mortgage underwriting by banks like JPMorgan Chase (JPM - Get Report) , Wells Fargo (WFC - Get Report) and Bank of America (BAC - Get Report) -- at a time when they could use the extra loan volume, and fees, to make up for shrinking lending margins.
The housing industry's stabilization also offers a glimpse of what's to come if the Federal Reserve proceeds with a rate cut next week, as expected. Jerome Powell, the Fed's chairman, has pledged to use all of the central bank's monetary-policy tools to keep the current economic expansion going, even though it's already the longest in U.S. history at more than a decade.
A report Friday from the Commerce Department is expected to show that the economy grew at a seasonally adjusted rate of 1.8% during the second quarter vs. the 3.1% pace in the first quarter.
But with most economists seeing Fed rate cuts this year as a near certainty, U.S. growth is expected to accelerate in the second half of the year, averaging 2.5% over the full 2019, just below last year's pace of 2.9%.
President Donald Trump, who is running for re-election in 2020, has pushed for stimulus wherever possible, and most economists agree that his $1.5 trillion of tax cuts two years ago helped to maintain momentum. He's fulfilled his promise of creating "millions and millions of jobs;" the U.S. unemployment rate is close to its lowest in a half-century.
Yet the costs are adding up. Annual U.S. government budget deficits have climbed to about $1 trillion on the president's watch, and Trump's budget deal with Congress, which he announced on Monday via Twitter, provides for another $320 billion in government spending over the next two years.
The Fed's interest-rate cuts next week could have a cost as well, such as enticing some households and businesses to take on too much debt, or possibly fueling asset bubbles like the home-price rally whose reversal helped to trigger the 2008 financial crisis.
There's also the risk that the central bank could overstimulate the economy to the point where inflation spikes, or that the central bank will have less room to maneuver later, when the economy's actually heading into a recession.
But in the meantime, the housing-market's suddenly-sanguine outlook shows how quickly Fed interest rates can flow through the economy.
The housing industry is a key source of data for economists because, for many families, a home is their most expensive asset. When the housing market is strong, households feel better about their finances and they often end up spending on everything from decorations to a new deck.
"Ultimately you have to fill that home, and that means a lot more stuff bought at the mall," Beth Ann Bovino, chief U.S. economist at Standard & Poor's, said in a phone interview.
The extra spending means more stores are needed; those stores employ more people, and those people spend money at stores. There's also more demand for construction crews, engineers, architects, not to mention housing materials, and housing-materials suppliers.
According to Bovino, there's a rule of thumb that every new home helps create two to three jobs.
https://www.thestreet.com/amp/markets/fed-has-not-even-cut-rates-yet-but-its-working-miracles-in-housing-market-15031511
Good find Yank. Let's see if insiders know something big and positive is going on. Let the buying begin. (I hope).
Go FnF!
Grab a snickers because we are going to be here a while!
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10 little indians
Perfect time for administrative action!
Nope! I dont think so. By Monday open you will be chasing AFTER a huge gap. Good news or bad news. HUGE GAP! The only thing to think about will be why did I sell or why did I hold or why didn't I buy or Damn I am smart!
Go FnF!
I keep telling everybody that I am not a hedge fund. I just ride hedge fund coat tails.
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I guess you will be sleeping with your finger on the buy button. You know that if what should happen does happen you could be chasing. If news is timed for after hours such as a favorable en banc you better be ready at the next trading day open. Also at that point you will be slapping the ask.
I am too afraid to wait it out. Seriously!
All just my opinion. Good luck!
Go FnF!
22 retweets now
Has socialism already failed in the United States?
?BY JOHN M. DEMAGGIO, OPINION CONTRIBUTORThe views expressed by contributors are their own and not the view of The HillTWEET SHARE EMAIL
How many nations have already embraced socialism's promise of paradise but instead experienced the effects of socialism's disastrous reality?
CNN's "Venezuela: How a rich country collapsed" details how Venezuela, considered the "richest country in Latin America," in only 20 years became the current poster child of socialism's disastrous reality. But is there an example in recent memory on your own doorstep?
There is little doubt that the 2008 housing market collapse was precipitated by extensive subprime loans. Subprime loans take the form of interest-only loans, option adjustable rate mortgage loans, ultra-long fixed-rate loans, balloon loans, and no-money-down loans. Such loans have a higher risk of default. According to the Federal Deposit Insurance Corporation, "These borrowers have been delinquent, bankrupt, or have low credit scores and/or low income. Specifically, they've been delinquent on their payment with two or more 30-day delinquencies in the past year."
In 1977, the Community Reinvestment Act (CRA) was passed, encouraging banks to lend to low- and moderate-income borrowers.
Sue Kirchhoff and Judy Keen reported in "Minorities hit hard by rising costs of subprime loans" that subprime lending surged because lenders have been supported by politicians and community leaders eager to promote minority homeownership, which remains about 25 percentage points below that of white non-Hispanics, subjecting these borrowers to "debt servitude."
Under Andrew Cuomo in 2000, the Department of Housing and Urban Development announced the historic federal regulations that raised the required percentage of mortgage loans for low- and moderate-income families that finance companies Fannie Mae and Freddie Mac had to buy "from the current 42 percent of their total purchases to a new high of 50 percent - a 19 percent increase."
In "Yes, the CRA Is Toxic," Edward Pinto reported that "50 percent of CRA loans for single-family residences were nevertheless made to borrowers who made down payments of 5 percent or less or had low credit scores - characteristics that indicated high credit risk." Some lending institutions reported 19 to 35 percent delinquency rates on CRA-mandated loans versus 2 percent on non-CRA loans. And Pinto reported that "Bank of America said in 2008 that while its CRA loans constituted 7 percent of its owned residential-mortgage portfolio, they represented 29 percent of that portfolio's net losses." This lead him to conclude the following: "Whatever the precise magnitude of the CRA's role, there is no question that as the government pursued affordable-housing goals - with the CRA providing approximately half of Fannie's and Freddie's affordable-housing purchases - trillions of dollars in high-risk lending flooded the real-estate market, with disastrous consequences."
https://thehill.com/opinion/finance/453913-has-socialism-already-failed-in-the-united-states?amp
Fannie Overhaul Might Get Boost on Debt Ceiling Deal, Cowen Says
Posted July 19, 2019, 10:39 AM
By Felice Maranz
Debt deal might allow for end of ‘profit sweep’ to Treasury
That’s key for any Fannie, Freddie plan, analyst Seiberg said
A deal to raise the debt ceiling for two years would probably be good for housing finance reform, as it would lift an obstacle preventing the end of the so-called “sweep” that sends profits from Fannie Mae and Freddie Mac to the Treasury Department, according to Cowen.
“We see ending the sweep ascentral to any GSE reform plan,” analyst Jaret Seiberg wrote in a note.
Seiberg noted Fannie and Freddie sent $4.7 billion to Treasury for their fourth quarter dividend...
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https://news.bloomberglaw.com/banking-law/fannie-overhaul-might-get-boost-on-debt-ceiling-deal-cowen-says
HAHAHA a good morning laugh. Let the man rant if he needs to. I have done it although it did not include diapers or anybody's mama.
Go FnF!
You already know the answer. It is not typical retail that is buying right now. As I said in another post, typical retail investors are scared shitless of this stock right now. Of course it is just my opinion.
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SEC watching the OTC. That sounds like another oxymoron. I wish/hope and want you to be correct but that is a bet that I would not take and obviously I am a gambler.
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Somebody is buying! I do not think it is the uninformed. The ignorant retail investor with the herd mentality should be scared shitless of this stock right now.
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That is quite the paddle you have there to continue stirring the pot!
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I for one already feel like I have been over indulgent at Thanksgiving dinner. But if another pumpkin pie shows up at the table I will have another slice.
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Much appreciated common sense post.
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And there it is. It is why people are selling. No faith in a plan announcement.
Not me! My uncle Steve Mnuchin( Corleone) has my back! He will make Mark a deal he can not refuse!
Go FnF!
Bob Corker?
The general fun fund!
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So this is an over simplification but treasury holds the purse strings and the warrants. Treasury is the GODFATHER.
Go FnF!
For a long time now I have used the same strategy for buying more shares. When the price drops enough to REALLY anger me I buy more.
Needless to say with so many opportunities I now have a lot of shares. I think that one year from now all of the years of frustration and anger will have paid off better than any other investment that I have ever made.
Go FnF!