Obiteridctum,
First, I want to thank you for all of the top-shelf info you have provided here over the past few months. Weeding through all of the other "fluff" is still worth it, imo.
Regarding the upcoming public Housing Q&A, I'm hoping (as many longs are) Obama will shed some light on how his plans for FnF may have changed now that they are approaching "net-zero". It's my hope that the Dems will very soon show their hands for hopefully keeping FnF somewhat in tact, albeit on a smaller scale/more regs than present/past times. The timing of this is interesting to say the least.
I thought I read that FMCC will be releasing 2Q on this Wed. and it looks like FNMA will follow on Fri. maybe.?. Do you or anyone remember the timeline for both reporting their Q1 ER? Should be quite the eventful week for sure. Maybe this week will be the week BLUE is actually right with his many "Last chance for under $2 this week" comments!
I've been wondering (as many have) what the Q2 ER total would be for both FnF. I'm thinking it could be as high as $60B. I expect FMCC to use their $30B DAT and add another $8B in profits to that number. Also, I thought I read that FNMA has close to another $10B in DAT available (could be wrong.) I expect another $10B in profit, if any settlements are included maybe as much as $12B. Best case scenario I know. Minimum, I would think $45B. Still, either way, great PR and something to help move FnF closer to "net-zero" and, ultimately, a more valuable place for all longs.
I would be interested in hearing what you and everyone else thought the total Q2 ER would be for FnF. Could make a game of it even?
Put me down for $47B!
Thanks again for all of the info/insight you provide.....it's refreshing.
GLTA