something me and you share , fun.
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If not we wait for News tomorrow ! lol
Very easy ! Google finance ... check FNMA charts... you see 23.12k shares trade at 0.001$ . It means News after markets close ... buy before it . GL!
some one very lucky got 23.12k shares at $0.001 , look like inside traders make signal ....hope not Corkers friends ....too many inside ...!!!
see some small actions...don't know what is going on lawyers speech !
Add position if it under 1.7$...sell them all at over 25$ ...that good?
you see IHUB charts signal buying? or maybe a bugs make it looks like! FNMA buy
cover time ...I said...buy buy buy ...FNMA 5$ target
Corker said short this ....1$ is coming!
Oh yeah ! Here we go to 1$!
Monday will open 5$ a share?! Have a good weekend!
if yes i
let make it 1.60$ tomorrow!
Check this one: http://www.usdebtclock.org/ .Second though GOV. will do what ever to cover "wrong" doing !FnF is a cash cow they have to hold on to it no matter what !
"It could take several months for the three-judge panel in Washington, D.C., to issue a decision on the appeal. Although some shareholders have expressed willingness to discuss a settlement with the government, thus far the government hasn’t been open to that.
Fannie and Freddie were put into a so-called conservatorship in 2008, under the control of the Federal Housing Finance Agency. The U.S. Treasury over time injected $187.5 billion into the firms to keep them afloat and in return received warrants to acquire nearly 80% of the companies’ common stock along with a new class of senior preferred shares that initially paid a 10% dividend.:"http://www.wsj.com/articles/fannie-mae-freddie-mac-shareholders-argue-against-governments-profit-sweep-1460757430
The point FnF is penny stocks ! MM will drive it down until DJ's decisions. My maths said 1$ a again so i can buy few mils shares lol!
Who will safe FNMAs and FMCCs stock prices ? When :
Sen. Bob Corker says investors should short Fannie and Freddie
http://www.marketwatch.com/story/sen-bob-corker-says-investors-should-short-fannie-and-freddie-2015-10-07
get back in 1$! GL
Get out wait good points get in....Corker's told you to short this! There are no action against him fr (GSE) FnF . It means no one protect FnF shares prices right now .
#fanniegate $fnma Santelli interviews Corker Is it legal for Corker to tell the public to short a stock? I think not pic.twitter.com/QfAMB73gdx
— InvestIt (@FNMA_RRR) October 7, 2015
It takes weeks or months for MMs dive FNMA's stock down, until DJ makes decisions! Welcome to penny stocks ...sell sell sell ! Buy back at 1$.
OTC penny Stock.....FNMA 1$ is coming
Bring it's down to 1$ here we go!
ok 1.3$ wish me luck
FNMA 1$ is coming!
what ever , Today i sell them all ... drive its down .. it takes weeks or months for DJ desions...push it down to 1$ or under ...pls ... lol
With Stock only buy or sell .
The Government Might Leave Fannie Mae and Freddie Mac Alone
http://www.fool.com/investing/general/2015/04/17/fannie-mae-and-freddie-mac-might-stay-in-conservat.aspx
Fannie Mae and Freddie Mac: If You Can’t Kill Them, Merge Them?http://blogs.wsj.com/economics/2016/03/23/fannie-and-freddie-if-you-cant-kill-them-merge-them/
just make FNMA active board ...lol...No News is good News
After markets closed...NEWS.
Fannie Mae Survival is Back on the Table in Washington.
The consensus in Washington that Fannie Mae and Freddie Mac should be dismantled is weakening amid opposition from hedge funds, regional banks and others who could benefit if the companies survive in some form.
President Barack Obama and lawmakers from both parties have called for the two mortgage-finance companies to be replaced by a new U.S. housing system. While the official position hasn’t changed, a bipartisan group of U.S. senators writing legislation is grappling with how to ensure that changes to Fannie Mae and Freddie Mac don’t disrupt the recovering housing market.
Some Democrats said they are leery of engineering a switch that would liquidate the government-sponsored enterprises, or GSEs, leaving it to private entities to risk their own capital on home loans.
“I’m not sure that eliminating the GSEs totally makes sense, as some have suggested, and so I have an open mind on it,” Robert Menendez of New Jersey, a Democratic member of the Senate Banking Committee, said in an interview last week. His comments came after Senate Majority Leader Harry Reid, a Nevada Democrat, said in August that the companies shouldn’t be dismantled.
Gaining Traction
Since they nearly collapsed during the 2008 credit crisis, the two companies have drawn $187.5 billion from taxpayers and have been considered too politically toxic to be preserved. While the U.S. holds controlling stakes, the outcome will affect private investors including hedge funds Perry Capital and Paulson and Co., which have accumulated preferred shares and have spent months lobbying for Fannie Mae and Freddie Mac to be recapitalized.
The hedge funds gained little traction in early meetings with senators such as Bob Corker, a Tennessee Republican who publicly rejected their pleas in the spring. As the legislative process advances and involves a wider group of lawmakers, some are listening to the argument that an entirely new system could risk instability in the market.
The changing atmosphere was reflected at a meeting today on Capitol Hill between congressional aides and representatives from the mortgage industry. Among questions on a list handed out by staff members of the Senate banking panel were whether parts of Fannie Mae and Freddie Mac should be spun off or sold to private investors instead of wound down, according to three people who attended. Participants were given until the end of October to respond in writing, said the people, who asked to remain anonymous because the meeting wasn’t public.
‘Renovating’ Fannie
Isaac Boltansky, an analyst with Compass Point Research & Trading LLC in Washington, said that until recently policy makers were engaged in a philosophical debate. Now they have to deal with the practical challenges, he said.
“The conversation is going to shift to whether it’s necessary to burn down the whole house just to rebuild it, or whether there’s merit in renovating it,” said Boltansky.
Driving investor hopes and the change in tone are the record profits Fannie Mae and Freddie Mac have been posting as the housing market rebounds from the worst recession since the 1930s. The companies are required to send almost all of those profits back to the Treasury. So far, they’ve remitted about $146 billion, which under terms of the bailout counts as a return on the U.S. investment rather than a repayment.
Shareholders including Perry Capital and Fairholme Funds Inc. have sued the U.S., charging that Treasury is expropriating the value of its investors’ preferred shares in Fannie Mae and Freddie Mac. Those suits are adding urgency to lawmakers’ efforts.
House Bill
Fannie Mae and Freddie Mac provide liquidity to the real-estate market by packaging mortgages into securities on which they guarantee payments of principal and interest. Legislative discussions have centered on replacing the companies with a government reinsurance agency as a backstop to privately financed loans that would kick in only after severe losses.
A bill authored by House Republicans that would scrap Fannie Mae and Freddie Mac and largely eliminate government involvement in the mortgage market is unlikely to come to a vote in its current form. House Majority Leader Eric Cantor, a Virginia Republican, didn’t include the measure in a September memo on his legislative calendar for the remainder of the year.
Instead, the legislative vehicle is probably a bill being drafted by the leaders of the Senate Banking Committee, Democrat Tim Johnson of South Dakota and Republican Mike Crapo of Idaho. Their measure, which Johnson said they hope to introduce by the end of the year, will include elements of legislation introduced in June by Corker and Mark Warner, a Virginia Democrat, which would wind down Fannie Mae and Freddie Mac in five years.
‘Difficult’ Transition
Republicans, who have been most vocal about the need to eliminate the two companies, haven’t moved publicly from their position. Even before Fannie Mae and Freddie Mac needed a government bailout, the companies gained notoriety in Washington with decades of controversy about their accounting practices and their role in fueling the housing bubble.
“I do believe the transition is going to be difficult and we’ve got to get it right,” Crapo said in an interview on Oct. 9. “But I also believe we should be liquidating ultimately and phasing out Fannie and Freddie and moving to some kind of new structure.”
Republicans and Democrats in general have shown little enthusiasm for a solution that would appear to reward investors more than taxpayers. Corker and Warner say it would be possible to preserve some parts or functions of the mortgage companies without benefitting shareholders.
Community Banks
Hedge funds aren’t the only players pushing lawmakers to reconsider plans for Fannie Mae and Freddie Mac. Regional and community banks that rely on the enterprises to purchase and securitize their loans, for example, have expressed fears that they will be shut out of a new system.
“For a community bank, the process for gaining access to the secondary market would be more difficult than it is today,” under the legislative proposals introduced so far, Camden Fine, president of the Independent Community Bankers of America, said in an interview.
Warner said the bill that emerges will ensure small lenders are able to securitize their loans, and that may mean preserving some of Fannie Mae’s and Freddie Mac’s infrastructure.
‘Incredibly Important’
“We don’t want to do anything that stymies the incredibly important role of the smaller institutions,” Warner said in an interview last week.
Other market participants, including large banks, have argued that five years isn’t enough time to wind down the companies. They say it’s unclear whether there’s enough private capital willing to take the first-loss position on mortgages if Fannie Mae and Freddie Mac switch off their guarantees.
“As much as it’s problematic in this town for people to stomach the idea that these entities are going to survive, we have to reform and recapitalize and privatize them to ensure stable credit formation during this transition to a new government guarantee,” James Millstein, chief executive officer of Millstein and Co. and the author of a recapitalization plan for the enterprises, said during an appearance at the National Press Club Oct. 1.
Millstein, who said he holds Fannie Mae preferred shares, is a former Treasury official who oversaw the restructuring of bailed-out insurer American International Group Inc.
Financing Deficit
Private-label securities can support about $500 billion of annual housing finance, while the U.S. housing market needs between $1.5 trillion and $4 trillion in annual financing depending on interest-rate conditions, Georgetown University Law Professor Adam Levitin told the Banking Committee during an Oct. 1 hearing. A system in which the government acts as a reinsurer behind private capital could work, Levitin said.
Corker said a safe transition can be accomplished without recapitalizing Fannie Mae and Freddie Mac. He and Warner, his co-author, said that essential functions of the companies could survive in the system that they’ve proposed.
“Our bill outlines a very clear picture for a future state of housing finance that does not rely on the duopolies of Fannie and Freddie, but it smartly leverages the existing technology and infrastructure already built in order to help us get there,” Corker said in an e-mail.
Kenneth Bentsen, president of Wall Street’s biggest lobby group, the Securities Industry and Financial Market Association, said his members are concerned that a five-year transition period may be “aggressive.”
“There’s a lot of value in the infrastructure,” Bentsen said in an interview. “The mortgage industry relies on it a great deal, investors rely on it a great deal. So while you want to move beyond the GSEs -- we understand that that’s the will of a majority of Congress in both parties -- you don’t want to throw the baby out with the bath water.”
Before it's here, it's on the Bloomberg Terminal.
http://www.bloomberg.com/news/articles/2013-10-15/fannie-mae-survival-is-back-on-the-table-in-washington
Senate Panel Passes Bill To Wind Down Fannie Mae, Freddie Mac...For years, Democrats and Republicans have said Fannie Mae and Freddie Mac should be abolished, but lawmakers face tough choices deciding how to attract enough private capital to ensure Americans retain broad access to home loans. Fannie and Freddie Mac own or guarantee about 60 percent of all U.S. mortgages.http://www.huffingtonpost.com/2014/05/15/senate-housing-bill_n_5331128.html
As Paul saw the situation some five years ago, the government backing isolated GSE management from market discipline. If Fannie and Freddie were not underwritten by the federal government, he told the committee, investors would demand the institutions held to higher management and accounting practices.
"Ironically, by transferring the risk of a widespread mortgage default, the government increases the likelihood of a painful crash in the housing market," Paul predicted. "This is because the special privileges granted to Fannie and Freddie have distorted the housing market by allowing them to attract capital they could not attract under pure market conditions. As a result, capital is diverted from its most productive use into housing. This reduces the efficacy of the entire market and thus reduces the standard of living of all Americans.
"Despite the long-term damage to the economy inflicted by the government's interference in the housing market, the government's policy of diverting capital to other uses creates a short-term boom in housing," Paul went on. "Like all artificially created bubbles, the boom in housing prices cannot last forever. When housing prices fall, homeowners will experience difficulty as their equity is wiped out. Furthermore, the holders of the mortgage debt will also have a loss. These losses will be greater than they would have otherwise been had government policy not actively encouraged over-investment in housing.
"I hope today's hearing sheds light on how special privileges granted to GSEs distort the housing market and endanger American taxpayers," Paul concluded. "Congress should act to remove taxpayer support from the housing GSEs before the bubble bursts and taxpayers are once again forced to bail out investors who were misled by foolish government interference in the market."
On the same day, Paul introduced the "Free Housing Market Enhancement Act." The legislation would have removed government subsidies from the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac), and the National Home Loan Bank Board. The bill had no cosponsors; it stalled in the committee process.
https://www.minnpost.com/politics-policy/2008/09/ron-paul-saw-financial-mess-coming
The FHFA became conservator of the GSEs in 2008 under an agreement in which the Treasury would provide up to $200 billion in bailout funds in exchange for preferred stock valued at an equivalent amount, warrants to purchase as much as 79.9% of the common stock, and a mandatory 10% dividend. Over the next four years, the Treasury infused $187.5 billion into the GSEs, but the mortgage entities still found themselves cash-strapped and unable to meet their obligations, due in part to the mandatory dividend payments to the Treasury.
To remedy the situation, the FHFA and Treasury amended their agreement. As amended, the Treasury retains its preferred shares in the companies. However, instead of collecting the 10% dividend payments, the Treasury “sweeps” on a quarterly basis nearly all of the net income of the GSEs into a slush fund for general government expenses, including cutting the government’s deficit. The GSEs’ private sector preferred shareholders – including institutional investors, insurance companies and pension funds – are left with little, both in terms of dividends and the value of their equity.http://cblr.columbia.edu/archives/13499
The slow return of the housing market and its two backbone financial institutions, Fannie Mae and Freddie Mac, has created not only huge profits for the U.S. government, but also a flood of lawsuits claiming unconstitutional government takings of privately owned shareholder profits. It has been seven years since Fannie Mae and Freddie Mac were placed in government conservatorship, and much has changed for the government-sponsored enterprises’ (“GSEs”) balance sheets. Back in the fall of 2008, they had a combined $5.3 trillion in outstanding debt, requiring $187.4 billion of capital injection from the United States Treasury to salvage the companies, and in effect, the U.S. housing market. Since then, the GSEs have regained profitability and paid back the Treasury $230.8 billion to date, $43.4 billion more than they received from the Treasury.
However, due to an amendment to the original conservatorship agreement between the Treasury and the Federal Housing Finance Agency (“FHFA”), the conservator of the GSEs, these payments are not considered a repayment of principal debt owed to the Treasury, but rather dividend payments. This amendment, known as the “the net-worth sweep,” allows the Treasury to “sweep” nearly all of the net income of the GSEs on a quarterly basis into the government’s coffers. With the GSEs’ profits in the tens of billions ($84 billion for Fannie and $49 billion for Freddie in 2013), this arrangement certainly works to alleviate the government’s crushing deficit.
The deal, however, is not without its losers. Large private investors of the GSEs bet big during the financial downturn on the return of the GSEs’ profitability. But as the mortgage market bounces back, their expected returns have been “swept” to the Treasury, leaving them with effectively worthless shares in the GSEs. The private investors have responded by filing a volley of lawsuits directed at the Treasury, arguing that the “net-worth sweep” constituted a violation of the Fifth Amendment’s “takings clause,” which protects against seizure of “private property for public use without just compensation.” So far, the claims have been unsuccessful. Nevertheless, a settlement with the investors and a reform in the “net-worth sweep” agreement may be prudent next moves for the government.
Tilson elaborated, "Fannie Mae (in which I have a ~3 percent position) was up 34 percent yesterday and is up another 12 percent today because, at long last, the truth is coming out: the government seized all future profits of the GSEs […] not because they feared ongoing losses, but precisely the opposite: because they realized Fannie and Freddie were about to become massively profitable."
Following this recommendation, Tilson quoted Fannie's former CFO Susan McFarland, calling her testimony "damning to the government's case" and concluding, "Mark my words: this is the turning point. Now that the lie has been exposed, the courts will overturn this illegal seizure and the stocks of the GSEs will be multi-baggers from here."
Read more: http://www.benzinga.com/analyst-ratings/analyst-color/16/04/7857486/tilson-howard-hughes-and-fannie-mae-are-my-2-favorite-st#ixzz46OEZXJfp
I do not think Judges comes out in the right decision! Gov. was planing to big to fail for years ...Because all of them forget . We (Tax payers) the one Bailout all this mess they made .My children and your children will paid all their expenses (High tax).But i just hope (faith) ! Because this story and names will last in US history. Contusions was not protecting !
be honest i did...when FNMA fr 37cents to 6 dollars....This time i guess it goes fr 2$ to 80$ ....if not pain free ! Peace ...GL
A Very Surprising Hearing In The Fannie and Freddie Appeal
It wasn’t all bad news for the investors’ side. When Judge Ginsburg described the government’s decision to take the net worth sweep, the terms he used were not exactly flattering.
“When the third amendment was announced, Treasury said we’re going to wind this thing down, we going to kill it, we’re going to drive a stake through its heart, we’re going to salt the earth so it can never grow back,” the judge said.
Justice Department lawyer Mark Stern provoked laughter in the room with his deadpan response: “I don’t remember that language.”
Joining Judge Ginsburg on the panel were Circuit Judges Patricia Millett, a 2013 appointee of President Barack Obama, and Janice Rogers Brown, a 2005 appoint of President George Bush. Judge Brown spoke very little during the hearing, which is not unusual for her. Judge Millett’s sharpest questions were directed at Theodore Olson, the Gibson, Dunn & Crutcher lawyer representing Perry Capital, perhaps suggesting she leans toward the government’s side in the case.
http://blogs.wsj.com/moneybeat/2016/04/18/a-very-surprising-hearing-in-the-fannie-and-freddie-appeal/
MEGA and Fannie Mae Execs to Speak at Enterprise Architecture Summit
Business and IT transformation are discussion topics
April 19, 2016 10:00 AM Eastern Daylight Time
BOSTON--(BUSINESS WIRE)--MEGA International and Fannie Mae executives will address attendees of the 2016 Gartner Enterprise Architecture Summit May 11-12 in National Harbor, MD.
http://www.businesswire.com/news/home/20160419005285/en/MEGA-Fannie-Mae-Execs-Speak-Enterprise-Architecture
wow my 5 years old boy know that ....if i took profits from 20.01% of him ....(faith) you should try that to your children's.
Weird ! no News ??? add more than ...slap that Ask!
MagneGas Corporation (NASDAQ:MNGA) Book Value Stands At $0.31
April 19, 2016 10:07 am·
http://theenterpriseleader.com/analyst-research/magnegas-corporation-nasdaqmnga-book-value-stands-at-0-31/93430/
Carla Santilli Sells 50,000 Shares of MagneGas Co. (MNGA) Stock
April 19th, 2016 - By Jorge Valdez - 0 comments
http://maspublicidadymarketing.com/carla-santilli-sells-50000-shares-of-magnegas-co-mnga-stock/
Big intuitions will buy it in few mins ! A company is making more 10bln$ a year ...that not a good question , where their shares be ?
-Check this out :"Chinese regulators have issued a rare denial of a local media report that the country could lose up to $450 billion on its investment in securities issued by U.S. housing giants Fannie Mae and Freddie Mac."
http://blogs.wsj.com/chinarealtime/2011/02/12/much-ado-in-china-about-fannie-and-freddie/
More research http://www.fidererongses.com/
page 27 ...nice