Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
READ THIS WHAT DO YOU THINK!!!!
PAYMENT WAS MADE
This is the exact paragraph I was referring to. I think this is the most important part from this article.
JUST A THOUGHT AS PER THIS ARTICLE: SWEEP OR NO SWEEP F&F WILL BE ALIVE AND WELL FOR A LONG TIME. Stock price should not dive down at the end of September or December. I HOPE SO!
-benchmark/fannie-mae-will-not-issue-benchmark-notes-on-september-12-idUSKCN1BN1N3
YOU WOULD LIKE THIS
YOU SHOULD GET READY !!!Federal National Mortgage Association (FNMA) Price Pulls Above Balance Step
August 23, 2017 Newswire
Federal National Mortgage Association (FNMA) shares are being placed on chartists radar as the recent share price of 2.7800 is holding above the balance step moving average.
The balance step is a simple Moving Average calculated from last 5 Balance Points (MA/3),5) of the weekly period bar plotted in step formation on the daily chart. This chart is used to project 1 bar forward (one day). The weekly steps can be used to determine a near-term trend. When the price is above, this typically indicates a bullish trend. When the price is below the Balance Step, this generally spells a bearish trend.
NAFCU CEO talks tax reform, meeting with Mnuchin
READ THIS FINANCIAL TIMES JUST OUT
The US mortgage market was the epicentre of the earthquake that shook the financial world a decade ago, and remains the largest area of unfinished business from the crisis.
The US government’s response to the meltdown amounted to a takeover of the market.
Fannie Mae and Freddie Mac, government-sponsored enterprises which had historically guaranteed about half of all new mortgages, were brought under a tightly-controlled federal “conservatorship” and propped up with $188bn of taxpayer funds. That allowed them to continue supporting the market when private investors — who had been voraciously buying securities linked to subprime mortgages before the crisis — disappeared and banks pulled back from lending.
The government has also extended programmes backing mortgages for low-income families and military veterans, and these together still outweigh the renewed private sector lending.
Deciding what to do with Fannie and Freddie, meanwhile, is a question on the political backburner. The agencies have been sharing some of the risk on new mortgages with the private sector, but having returned to profitability, they are handing billions to the US Treasury, and demands from some investors that they be privatised have fallen on deaf ears.
What should be done with Fannie Mae and Freddie Mac? Share your thoughts in the comments below.
Copyright The Financial Times Limited 2017. All rights reserved. You may share using our article tools. Please don't copy articles from FT.com and redistribute by email or post to the web.
Share on Twitter (opens new window)
Share on Facebook (opens new window)
Share on LinkedIn (opens new window)
1 Save to myFT
Think big, work hard and never give up!! DALAI LAMA
Freddie Mac Names Stacey Goodman CIO
2017-08-17T14:05:00Z Email
Facebook
Twitter
Google+
LinkedIn
Save
Freddie Mac Names Stacey Goodman CIO
MCLEAN, VA -- (Marketwired) -- 08/17/17 -- Freddie Mac (OTCQB: FMCC)
today announced that Stacey Goodman will join Freddie Mac as
executive vice president and chief information officer (CIO) on
September 25, 2017.
Goodman brings to Freddie Mac over 25 years of technology experience
in the financial services industry. In her role, Goodman will lead
the Information Technology (IT) division and provide corporatewide
leadership for all the company's technology activities.
Goodman will be a member of the senior operating committee and will
report directly to CEO Donald H. Layton.
"Stacey is the right leader at the right time to take our technology
and company transformation to the next level," said Donald H. Layton,
Freddie Mac chief executive officer. "Her strong leadership skills
and in-depth knowledge of financial services technology will enable
us to deliver services to our clients and operate our company as well
as the very best financial institutions."
Most recently, Goodman was executive vice president, chief
information and operations officer at CIT. Before that she held
several roles of increasing responsibility at Bank of America, last
serving as managing director and divisional CIO of global technology
& operations. She also served as managing director of IT at UBS and
held other senior-level positions within the financial services
industry over her career.
Freddie Mac makes home possible for millions of families and
individuals by providing mortgage capital to lenders. Since our
creation by Congress in 1970, we've made housing more accessible and
affordable for homebuyers and renters in communities nationwide. We
are building a better housing finance system for homebuyers, renters,
lenders and taxpayers. Learn more at FreddieMac.com, Twitter
@FreddieMac and Freddie Mac's blog FreddieMac.com/blog.
MEDIA CONTACT:
Ruth Fisher
703-903-3974
Ruth_Fisher@FreddieMac.com
SHORTIES GOT THE TIMING WRONG TODAY. 2.79 IS BETTER THAN 2.75!!
SORRY LOOK AT THE SECOND POST
GOOD NEWS!!!
17 minutes ago by Thomson Reuters
Companies Mentioned: FNMA, FMCC
(Adds details, quote, graphic)
NEW YORK, Aug 9 (Reuters) - U.S. mortgage applications rose last week, led by an increase in refinancing activity, as home borrowing costs broadly fell, Mortgage Bankers Association said on Wednesday.
The Washington-based group's seasonally adjusted index of overall mortgage activity rose 3.0 percent to 418.7 in the week ended Aug. 4.
MBA's seasonally adjusted barometer on refinancing requests increased 5.3 percent to 1,433.2 last week, raising its share of overall mortgage activity to 46.7 percent from 45.5 percent the prior week.
The group's seasonally adjusted gauge of home purchase applications, a proxy on future home sales, edged up 0.8 percent to 237.3 for last week. It hit a near 4-1/2 month low the previous week.
"The trend for purchase applications is still lower after an early-summer spike, but it looks like (refinancings) are slowly starting to pick themselves off the post-election lows logged in December," FTN Financial's manager of mortgage strategy Walt Schmidt wrote in a research note.
In late 2016, refinancing activity plummeted as mortgage rates surged to their highest in over two years. Home borrowing costs jumped in step with bond yields on worries that U.S. President Donald Trump and Republican lawmakers would enact tax reform and other fiscal programs that would boost inflation.
Since then, mortgage rates have retreated with bond yields as Trump and Congress have not passed any fiscal measures.
Last week, the average interest rate on conforming 30-year fixed-rate mortgages slipped to 4.14 percent from 4.17 percent the previous.
Conforming loans are those with balances of $424,100 or less that qualify for guarantees from federal mortgage agencies Fannie Mae and Freddie Mac.
Average rates on other types of mortgages that the MBA tracks fell 1 to 5 basis points from the preceding week.
ENJOY THIS DAY AND THOSE TO CAME!!!
LIFE NOW ONLY GOOD NEWS FOR F&F UP TO NOW
https://www.banking.senate.gov/public/index.cfm/hearings?ID=25091B2E-01A6-4DA0-94CE-3190B448C143
JUST BACK FROM VEGAS
IS THE GOVERNMENT SELLING STOCKS?
JUST A THOUGHT. LOOKS GOOD
FOX NEWS
JUST TRYING TO REMIND YOU SOME GOOD COMMENTS
http://www.cnbc.com/2017/05/25/trump-budget-could-have-big-news-for-fannie-and-freddie.html
JUST A THOUGHT CHECK FNMAT&FNMAS STOCK PRICE!!!!
JUST A THOUGHT
2 REASONS:
-sweep payment will not be made tomorrow
-buy low WEDNESDAY sell high THURSDAY. 50000 SHARES WILL BRING YOU $4000 FOR 2
MINUTES WORK
I like the first option better
JUST A THOUGHT
FHFA proposes Housing Goals for 2018-2020
SO F&F WILL BE HERE UNTIL THE END OF 2020 MINIMUM?
GOOD NEWS
IMPORTANT THIS MORNING !!
https://www.banking.senate.gov/public/index.cfm/2017/6/principles-of-housing-finance-reform
YOU CAN DOWNLOAD THE PDF FILES AND OPEN THEM AFTER THAT.
CONCLUSION: FOR MOST OF THE SPEAKERS F&F DO NOT NEED DRASTIC CHANGES OR BREAK UP. HUGE LOGISTICAL PROBLEMS WHEN BREAKING THIS ENTITIES. LOOKS LIKE THE SYSTEM CAN'T WORK EFFICIENTLY WITHOUT F&F
PROFIT TAKING BEFORE 4 JULY MAY BE AN EXPLANATION.
JUST A THOUGHT!!
"The agency has issued a directive to Fannie Mae and Freddie Mac to upstream their first quarter dividend payments by the close of business FRIDAY".
Is this for real or is an other fake news?
Anyway it will be the last sweep.
Breaking F&F in smaller entities is an old idea that was proven wrong.
Can you have F&F SELLING THEIR KNOW HOW to some private new entities that are there to replace them OR BE THEIR COMPETITORS?
Business is all about trust between partners.
Let's assume you are a buyer. Would you like TO DEAL with a large and proven entity like F&F or with a small new entity that has no experience.
Some ideas make no sens.
People smarter than me are betting on F&F. I will do the same.
Time to be patient.
NEWS TODAY!! WATCH FROM 4.50 MIN
RED & GREEN
RED corner THE SWAMP
GREEN corner PRESIDENT TRUMP (BUILDER), FEW HIGHLY QUALIFIED PROFESSIONALS (FINANCE BANKING INVESTING MORTGAGE)WITH DEEP KNOWLEDGE OF FNMA
I am betting on the GREEN corner.
Do you know of any entity that can replace FNMA AT THE SWITCH OF A BUTTON, have the know how and the experience?
Sooner or later spring comes.
This link https://finance.yahoo.com/news/fannie-maes-brooks-nominated-u-191837776.html = GOOD NEWS.
WE NEED IT