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Computer trading (aka programmed trading) can be triggered by many things
Fitch Upgrades 2 Classes of WAMU 2005-C1-link
was this the reason for today's action?
http://www.fortmilltimes.com/2013/08/01/2862594/fitch-upgrades-2-classes-of-wamu.html
I'm sure of that, ...it would be tooo good to be true.....that almost never happens
Some of the shareholders might have millions of shares
Nothing Till after labor day
3-6000 shareholders. But how many shares?
Summer congressional break. See U in September. Manipulation for August
Natl MI insuring ONLY 5 Bill,,,,FNMA has trillions--right?
ending cash balance=$231,987,204.00
http://www.kccllc.net/wamu/document/0812229130730000000000003
they don't have their act together and it's august break time
FHFA Nominee Mel Watt Won’t Get Vote Until September, Reid Says-link
http://www.bloomberg.com/news/2013-07-30/fhfa-nominee-mel-watt-won-t-get-vote-until-september-reid-says.html
FHFA Nominee Mel Watt Won’t Get Vote Until September, Reid Says-link
http://www.bloomberg.com/news/2013-07-30/fhfa-nominee-mel-watt-won-t-get-vote-until-september-reid-says.html
next week- Starting Tues--IMO
weak volume
what's gonna happen to shareholders?
I hope this stuff doesn't go through---sneaky forkin suckas
Legislation has been introduced, under the guise of protecting taxpayers, that would retroactively legalize the government's actions. If the Treasury and FHFA were not acting beyond legal bounds, why is such legislation even needed? And why are supposedly conservative Republicans supporting it? These questions demand answers.
Bernanke AIG Testimony Should Cheer Fannie, Freddie Plaintiffs--link
http://www.thestreet.com/story/11992156/1/bernanke-aig-testimony-should-cheer-fannie-freddie-plaintiffs.html?puc=TSMKTWATCH&cm_ven=TSMKTWATCH
one day PPS will open wayyyyyy higher,,as as result of restructuring of FnF which is producing incredible profits, and people will wish they'd bought at $4-$6 level
Obama Wants to Fix Fannie Mae, Freddie Mac--link
http://www.valuewalk.com/2013/07/obama-promises-to-help-fix-fannie-mae/
Obama Wants to Fix Fannie Mae, Freddie Mac--link
http://www.valuewalk.com/2013/07/obama-promises-to-help-fix-fannie-mae/
U.S. appeals court will not intervene in FHFA lawsuits vs. banks
By Nate Raymond
Published July 19, 2013
Reuters
NEW YORK – Fourteen major banks sued by the Federal Housing Finance Agency over soured mortgage investments have lost a bid to have a U.S. appeals court intervene in their cases based on what they called a judge's "gravely prejudicial" rulings.
In a brief order on Friday, the 2nd U.S. Circuit Court of Appeals in New York denied the banks' petition, saying they had not demonstrated they "lack an adequate, alternative means of obtaining the relief they seek."
The banks had jointly in March filed what is called a mandamus petition, complaining that U.S. District Judge Denise Cote in Manhattan had systematically deprived them of evidence needed to fight the FHFA's lawsuits.
The banks, which include UBS AG , JPMorgan Chase & Co and Bank of America Corp , also said the judge had issued rulings that sought to force them to settle.
The banks asked the 2nd Circuit to reverse rulings by Cote and allow them to gain more access to information about Fannie Mae and Freddie Mac.
The FHFA regulates Fannie and Freddie after the two mortgage finance companies were placed into federal conservatorship at the height of the 2008 financial crisis.
The filing, unusual in its targeted critique of a federal judge, was a sign of how serious the litigation had become for the banks.
The FHFA sued 18 banks in 2011, accusing them of violating securities laws by misleading Fannie and Freddie about $200 billion in mortgage-backed securities they purchased.
Sixteen of those lawsuits were transferred in December 2011 to Cote, a former federal prosecutor who recently ruled against Apple Inc in an antitrust case over ebooks brought by the U.S. Justice Department.
In the year and a half since, Cote has become a major influence in the direction of the litigation, denying motions to dismiss the lawsuits and limiting depositions and document discovery.
The banks, which also include Barclays PLC , Goldman Sachs Group Inc and Deutsche Bank AG , in their petition to the 2nd Circuit called the judge's approach "one-sided."
"The rulings prejudge facts a jury should decide based on a full evidentiary record," the banks said.
The rulings so far have meant banks "are being forced to proceed under a series of gravely prejudicial rulings, some aimed at pressuring petitioners to settle," the petition said.
The appeals court denied the petition on Friday.
Cote has set a quick trial schedule. UBS is set to go to trial first, in January 2014.
Two defendants who were before Cote, General Electric Co and Citigroup Inc, have settled so far. Terms were confidential.
The mandamus petition was not the first trip for the FHFA cases to the 2nd Circuit. In April, a different appellate panel upheld Cote's decision not to dismiss the case against UBS, in a ruling that would apply to the 13 other cases remaining before her, as well as one in Connecticut.
Banks other than UBS on Monday sought permission to intervene in order to appeal the dismissal decision to the U.S. Supreme Court, citing the "substantial risk" the UBS case might settle before the high court could rule.
Other banks that were part of the mandamus petition to the 2nd Circuit were First Horizon National Corp , Nomura Holdings Inc <8604.T>, Societe Generale, Morgan Stanley, Ally Financial Inc , Royal Bank of Scotland Group and Credit Suisse Group AG .
Representatives for the banks and FHFA either declined comment or did not immediately respond to requests for comment.
The case is In re FHFA Coordinated Securities Litigation, 2nd U.S. Circuit Court of Appeals, No. 13-1122
It's a move towards closure..hopefully more ---soon
Obama Wants to Fix Fannie Mae, Freddie Mac--link
http://www.valuewalk.com/2013/07/obama-promises-to-help-fix-fannie-mae/
Our system created by FnF is envied by the world. Billions in toxic assets were forced upon FnF during the crisis..to keep the mortgage finance system alive...and --lo & behold..it worked
Nice close----harbinger of the future
Need $4/share for uplisting-ER will be catalyst
OMFG----that's too much of a dream come true
Please make it so............
FNMA) announced that it has decided to increase the sales volume of a type of debt. The particular debt has risk of failure of home owners to repay mortgages.
Federal National Mortgage Association further stated that it can issue as many as $500 million notes. Currently there are $400 million notes that are managed by Credit Suisse Group AG. The experts feel that the sales volume increment is an effort by the company to reduce its role in residential-mortgage market.
Federal National Mortgage Association is US government-sponsored business that wires liquidity and strength in secondary mortgage market. FNMA operates on market liquidity achieved by securitizing mortgage loans in the primary mortgage market. It purchases mortgage loans and securities for its portfolio.
http://www.sbwire.com/press-releases/federal-national-mortgage-association-otcbbfnma-is-taking-the-right-steps-289313.htm
The law cannot be twisted to allow Govnmt after taking a private company into Conservatorship to then decide to take all its earnings and/or liquidate it. Fannies are sound and solvent, able to pay the debt back so there is no reason or excuse for trying to abuse them. The lawsuits will prevail.
fairly weak volume--nothing happening today
He darling bill approved
Theodore B. Olson: Treasury's Fannie Mae Heist
http://online.wsj.com/article/SB10001424127887323309404578617451897504308.html
Isn't there a hearing this morning about the future of the GSE's?
End of day trades were a short strategy to cover before run...
BS...computer news driven trades
Stalemate--in congress----how they realize that status quo works just fine
WS manipulation at it's best .....or worst
How many OTC stocks trade in PM?
Can somebody who knows analysis crunch numbers for a PPS projection.
If it's a trillion $ company, then the PPS should reflect that-----------
FNMA ~TRILLION $$ Giant~ updated DD with Links~
The Federal National Mortgage Association, commonly known as Fannie Mae(FNMA), is a stockholder-owned corporation chartered by Congress in 1968 as a government-sponsored enterprise (GSE), but founded in 1938 during the Great Depression. The corporation's purpose is to purchase and securitize mortgages in order to ensure that funds are consistently available to the institutions that lend money to home buyers.
""FNMA may hit new all-time highs by end of August""
That would be more than $80/share. That would be nice but.... I don't think so
Anybody know what Harry Reids next bill is about?
or is there such a thing?
http://finance.yahoo.com/mbview/threadview/;_ylt=AuS93gHYOrEuVN4McLx91vreAohG;_ylu=X3oDMTB2Y252cDRkBHBvcwMxOQRzZWMDTWVkaWFNc2dCb2FyZHNYSFJVbHQ-;_ylg=X3oDMTBhYWM1a2sxBGxhbmcDZW4tVVM-;_ylv=3?&bn=e0e2b58d-64fb-37a2-9273-29a5ce093d80&tid=1374522846713-691a4c31-acea-4b47-8c62-3753c1513e05&tls=la%2Cd%2C0%2C3