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but yet they tell us to follow jim cramer.... strange JIM CRAMER (is that big enough?, perhaps i need to bold ;) )
From nick timiraos twitter:
@NickTimiraos: Remember that 30% decline in Fannie stock on March 11? Icahn bought 6.8 million shares from Berkowitz that day.
Cnbc tweeted this:
@CNBC: Carl Icahn bought Fannie Mae, Freddie Mac common shares in March; purchased 6.8M $FNMA shares at $4.03/each, 5.7M $FMCC shares at $4.04/each
3 minutes ago
Thanks!
Oh sorry, I forget to put it was on twitter
Got a link to this?
Josh rosner just posted a bunch of stuff on the PO. Great stuff actually.
anyone know when judge sweeney will rule upon the Protective Order?
Agreed! Still trying to accumulate more right when it opens again. You ever been in a company that has done this before? You know how long on average it usually takes?
I invest in the Canadian stock of this (so it relates but different prices). I think after it opens again at 0.55 it'll pop right up to 0.63 again and move on regularly from there. A similar stock on the Canadian stock exchange 'KMT' went through something similar, you can view the price change from the halt and after the halt. Just IMO though.
red and low is like green and high =)
what makes you think a selloff will occur and not a BUYOFF
Big-yank is its offspring :)
this is a great company
i know i should be used to that kind of action at the close but man every time it just gets more and more unbelievable
holy moly this fight at 4.45 zzzzzzzzzzzzzzzzzzzzzzz
fake wall at 4.5?
It's Canadian but it has an American one :)
Chief Nitwit told us =)
weekly?! Today is only Tuesday! =)
oh hai!
how was jail?
Test 5* highly unlikely we hold above 5. slow n steady wins the race =)
Why is trtc worth 58 mill right now?
Belo Sun Mining Corp. (TSX:BSX)
hopped back in today. didnt wanna not be in at start of next week. didnt get the price i wanted though =( (still more shares though). twerk for me fannie
I'm thinking the latter, long weekend.
Fannie Mae cuts sales outlook for new and existing homes
May 21, 2014, 10:34 AM ET
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BloombergA “for sale” sign stands outside a home in LaSalle, Illinois.
Federally controlled mortgage-finance giant Fannie Mae cuts its outlook for home sales this year, as well as in 2015, after markets for existing and new homes posted a weak first quarter.
Fannie now expects existing-home sales to reach about 4.98 million this year, down from a prior view of 5.04 million. For new single-family homes, Fannie now sees sales hitting 476,000 in 2014, down from a prior forecast of 494,000. Fannie also cut its 2015 forecasts.
First-quarter home-sales results were hurt by dropping affordability and poor weather, as well as ongoing challenges from strict credit standards and low numbers of homes available for sale. Home builders are pessimistic about present sales of single-family homes.
However, Fannie FNMA also thinks that recent positive data on jobs, consumer spending and business investment could mean that the economy and housing market improve improve later this year.
“We anticipate a modest uptick in housing activity as the spring and summer selling and building seasons get under way. We believe this year will likely be a bump in the long-term road back toward normal levels, which we continue to expect sometime in late 2016,” said Doug Duncan, Fannie’s chief economist.
–Ruth Mantell
Follow Ruth on Twitter @RuthMantell
Follow the Capitol Report blog on Twitter @CapitolReport
http://blogs.marketwatch.com/capitolreport/2014/05/21/fannie-mae-cuts-sales-outlook-for-new-and-existing-homes/
its on friday
Very low volume for the morning
Are you currently invested in the GSE's?
Audit Urges Controls on Fannie-Freddie Securities Project
http://www.bloomberg.com/news/2014-05-21/audit-urges-controls-on-fannie-freddie-securities-project.html
I think tomorrow will be red.
Are there any court updates tmrw or was it cancelled?
any chance you could do a nice T/A on FNMA? looks like a shooting star formed today