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Quoted from Beambe's link. Thanks Beambe for proving FnF are in it for the long haul.
The new joint securitization company, CSS, will have its own chief executive officer and chairman, and will be funded by Fannie Mae and Freddie Mac.
Nice, this is great news.
Quote:
"...The new joint securitization company, CSS, will have its own chief executive officer and chairman, and will be funded by Fannie Mae and Freddie Mac. It will create a single standard for issuing securities that could survive independently if Fannie and Freddie no longer exist."
Big difference when other words are highlighted.
>>>NEWS<<< From your own article:
"The filing of the document makes the firm a legally recognized company and is the first step in creating the joint venture which will be an equally-owned subsidiary of Fannie Mae / Federal National Mortgage Association (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC)."
This doesn't sound nearly as scary as the title sounds. Surely you wouldn't want it to sound scary. Hmm, "equally-owned" doesn't sound like a going out of business type thing at all.
Nope, I think you're wrong. Maybe the negative spin WBJ put on the article threw you.
"The regulator overseeing major mortgage finance sources Fannie Mae and Freddie Mac on Monday said it filed legal paperwork to create a common platform for the two firms to issue mortgage-backed securities."
Doesn't look to me like they're "putting themselves out of business" at all. Looks to me like they might even be expanding. They are going to combine some of their GSE stuff into one company. Doesn't say anything about going out of business. If anything this tells me they know they are coming out of C-ship soon.
http://finance.yahoo.com/news/us-regulator-names-firm-could-204454764.html
LOL, can you please me too?
It wasn't Yahoo news (actually that was Reuter's that Yahoo was reporting), it was someone who will remain nameless that posted the story from Washington Business Journal. WBJ didn't report the story until almost a day later. Guess they had to come up with a negative spin first.
I agree, if anything this shows that FnF are going public again and combining some of their GSE stuff into this CSS company. Now way to look at but good news to me.
Shares of FNMA are disappearing quickly!
Not quite as fast as messages though.
LOL, and agree! Now get back over to Stan's co. and get it going.
The regulator overseeing major mortgage finance sources Fannie Mae and Freddie Mac on Monday said it filed legal paperwork to create a common platform for the two firms to issue mortgage-backed securities.
Doesn't look to me like they're "putting themselves out of business" at all. Looks to me like they might even be expanding.
http://finance.yahoo.com/news/us-regulator-names-firm-could-204454764.html
Go FNMA
Late loans at Fannie, Freddie lowest since government took control
http://blogs.marketwatch.com/capitolreport/2013/10/07/late-loans-at-fannie-freddie-lowest-since-government-took-control/
WOW! Did you see the 262,532 shares bought at $1.57? Almost half a million dollars there. I went back and looked at Time and Sales and there were several 150,000 plus buys today. That's some big time money there.
OK, I thought it was signed December 2008. Oh well, I was hoping we might see a buyout when it expired.
I don't know but doesn't the first look deal run out this January? If so something could happen then.
More than likely it's because he, and most of congress, are investor's in this and want to load the boat before it goes up.
What you talking 'bout Willis?
I'd say a rise to 2.10 early, then a fall to 1.90 area then back up with a close around 2.12.
Yeah, I was wanting to add some around $1.35-$1.50 but no luck.
Intraday bollinger bands tightening now on the consolidation. Which way is she going to go?
Intraday flag pattern. Which way is it going to break? Cross your fingers.
Volume looks amazingly like the start of the Mar. 15 run.
I know. I've been watching the Time & Sales all morning. There's definitely more buys (or sales at ask) than sales. I'd really like to see the L2 to see how much we have around .11.
Blew right by 2 mil volume.
Waaaay more buys than sells still.
I'd love to see the L2 on this. We can;'t seem to break through the .11's.
Oh and by the way. This is the POWN board. The DIS board is-------------------------> that way.
What I want to know is: who's the dumba$$ paying for all these stupid lawsuits.
I'm confused, are you bashing or pumping? It's hard to tell. I see you chose the 2 year chart, why is that? If you're pumping, then the 3 year chart shows alot better that we are at a very strong support level around $.05. It looks like a great time to buy. If you're bashing you should trim off the last 4 months of your chart. Because that also shows a nice support level around $.05.
See ya Sunday!
I'm just impressed that you haven't been banned yet.
Good luck with that.
HOLY CRAP!
I need to double my position. All these haters on here has to mean something is coming.
Sweet $3.80. Someone is eating high on the hog tonight!
"doesn't mean there won't be an earthquake and we won't fall through the floor."
Hahaha, I like that Suday.
Sunday, sounds like you need to sell and not look back. This company has been an underperformer most of it's life. If you can't see that it's made some nice strides over it's life then you probably shouldn't invest in it. We all know why we got into this....it's a lottery pick. If you're looking to collect dividends then you're in the wrong stock.
And Bluto, or whatever your name is, as far as assets go...It is true that ideas are not a commodity that can be sold on the market. But don't think those ideas aren't an asset.
The Company doesn't really need to be manufacturing all the products to be a US manufacturer. It can buy two pieces of a light from China, assemble the two pieces to make the bulb in Baltimore and it is "manufactured" in the US.
I'm pretty sure 70% of the components must be made in USA to be able to put "MADE IN THE USA" label on the package.
4 daytrades on this today. I'm loving this stock!
Intraday stochastics have almost reset. Ready for next run.
BAM, past the resistance of .0105.