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SEC. 705. SECURITIZATION PLATFORM.
(a) SENSE OF CONGRESS.—It is the sense of Con- gress that—
(1) at the direction of the Agency, the enter- prises have established a joint venture called Com- mon Securitization Solutions intended to facilitate
1the issuance of mortgage-backed securities through
2 the Platform;
3 (2) at the direction of the Agency, the develop-
4 ment of the Platform is currently geared toward the
5 issuance of mortgage-backed securities by the enter-
6 prises;
7 (3) as soon as practicable, the capacity and
8 functionality of the Platform should be expanded to
9 facilitate the issuance of mortgage-backed securities
10 by issuers other than the enterprises;
11 (4) the property of the enterprises, including in-
12 tellectual property, technology, systems, and infra-
13 structure (including technology, systems, and infra-
14 structure developed by the enterprises for the Plat-
15 form), as well as any other legacy systems, infra-
16 structure, processes, and the Platform itself are val-
17 uable assets of the enterprises; and
18 (5) the enterprises should receive appropriate
19 compensation for the transfer of any assets.
"TITLE VII TAXPAYER PROTECTIONS AND MARKET ACCESS FOR MORTGAGE FINANCE
Section 701. Definitions.
This section sets forth definitions to be used within this title.
Section 702. Prohibition on Use of Guarantee Fees to Offset Other Government Spending.
This section prohibits the uses of increases in a guarantee fee charged by Fannie Mae and Freddie Mac to offset outlays or reductions in revenues for any purpose other than enterprise business functions or housing finance reform as passed by the Congress in the future.
Section 703. Limitation on Sale of Preferred Stock.
This section prohibits the sale, or other disposition, of preferred stock in Fannie Mae or Freddie Mac, by the U.S. Treasury, unless it is directed to do so by Congress.
Section 704. Secondary Market Advisory Committee.
This section instructs the FHFA Director to establish a committee comprised of mortgage market participants to advise on decisions pertaining to the development of market infrastructure.
Section 705. Common Securitization Platform.
This section directs the FHFA Director to: (1) report to Congress annually on the development of the Common Securitization Platform (CSP); (2) establish a board of directors of CSP to advise on the development and transition of the CSP, and gradually increase the number of CSP board
Page 8 of 9
members who do not work for Fannie or Freddie; and (3) after five years, transition the CSP to a non-profit entity available to approved issuers other than Fannie and Freddie.
Section 706. Mandatory Risk Sharing.
This section requires the FHFA Director to direct Fannie Mae and Freddie Mac to conduct first loss risk sharing transactions and to increase the volume of those transactions, annually, by at least 50 percent. At least half of the total amount of must be front-end risk sharing. The FHFA Director and the Secretary of the Treasury may delay these requirements for up to one year if their imposition would adversely affect the housing market."
http://www.banking.senate.gov/public/index.cfm?FuseAction=Files.View&FileStore_id=2ce2269e-3c54-40a7-a953-ba2d870019a2
Housing Comeback Continues
By Charles Payne, CEO & Principal Analyst
6/24/2015 5:54 AM
Housing continues to stage a comeback with the latest evidence from the New Home Sales report, coming in at a seven-year high pace of 546,000. It’s incredible news in the face of stingy banks and anxiety in the aftermath of the great housing meltdown. Considering housing is still the epicenter of American wealth, the news should be viewed with great cheer, although there is a lot of skepticism and worry.
Interestingly, new home prices came down a lot, the lowest price since September of last year to $282,800, even as supply continued to dwindle. The trend higher is intact and lower prices might lure in buyers that are already edging off the fence as interest rates inch higher.
However, if housing is coming back, what does it mean for the overall economy from employment to the next move by the Federal Reserve. Is this is a head fake? We know there has been a lot of pent-up demand spurred by a jump in mortgage rates. Or maybe it is even worse, since some say the current strength in housing is the sign of a bubble.
I think this is the real thing and there is a lot more upside, although it is not on autopilot. Wages are moving slowly higher and household formation is the key driver.
The High Burden of Renting
Renting continues to be become more and more expensive and a trap that stops people from ever putting their money to work.
According to Zillow, in May, the average rent was $1,367 up 4.3% from a year ago, with the fastest growing increase in Jackson, Mississippi with +22.7% over the past year to $1,169. In New York, rents are up 53% of the average income.
Moreover, renting is a trap that stops people from climbing the economic ladder. Forget investing or appreciating a home; 73% of renters say they have made financial tradeoffs; 40% are more likely to skip a dental checkup and 25% are more likely to skip a doctor visit.
I know this is a popular debate and a lot of people got burned in the housing meltdown; however, not owning is a mistake. Owning a home is not the magic elixir it once was, but it beats pouring money and years into a small box called an apartment or renting a house you will never have any equity in.
http://www.wstreet.com/member/commentary.asp?con_id=35422
IronPantz, Kathy Ireland's role is, "Nugene's Chief Designer, Brand Ambassador, Shareholder & Investor Kathy Ireland,". In her cnbc interview, she admits she is a bit of a control freak. I don't think she just throws her name out there for some extra bucks.
Wow, last tweet I saw from Kudlow about Fannie, Freddie, he said to shut them down. Nice work!!!
Thanks TII, really good!
I had to look beyond the hype too. I was in American airlines at $1, then hung on for the ride starting in this same, nice $3 range. It's trading at $42 today. I heard this same sort of bashing when I was invested in a little company called Authentic. Until one day while in this nice $3 range, it was announced after hours that APPLE was buying them out. It shot up 66% that day. It goes both ways! The company is young. We'll see what happens!
"Lastly, and probably most importantly, the takeoff for the housing sector is now more evident than ever before. New home sales for the month of May increased by 2.2% over the prior month to a seasonally adjusted annual rate (SAAR) of 546,000 units, which is 6,000 more units than the high-end of the consensus forecast. Couple this with a 27,000 upward revision to the two prior months with April now standing at 534,000 and you get a whopping 8.1% gain over the prior month. This big surge in sales is making for an even stronger seller’s market with the supply-to-sales ratio down to a very thin 4.5 months from 4.6 months in April. The total number of new home sales on the market remained steady at 206,000 for the month. This big lack of supply should ultimately speed up construction activity to make up the difference, and this was evident in the number of new housing permits which have been climbing higher as well. The lack of supply is also a huge positive for sales prices, however the prices are currently down in the May report, lower by 2.9% to a median price of $282,800. On a year-over-year basis, the median home price is down by 1.0% versus a year-over-year sales gain of 19.5%. This discrepancy of sales to prices equals a big acceleration in pricing power for sellers in the coming months.
On a regional basis, sales grew a whopping 13.1% over last month in the Western region, which resulted in a 25.5% gain in sales year-over-year. The largest region, the South, had the strongest year-over-year gain at 33.3% despite sales dipping by -4.3% in May over the prior month. Sales in both the Northeast and the Midwest continue to be in the negative column, but both regions showed gains over the prior month. Both the new home sales and the existing home sales reports put housing as the top sector driving the US economy right now, and should offset negative data from manufacturing, at least in the near-term."
http://www.wstreet.com/member/commentary.asp?con_id=35418
YW, JJ8.
Are you disputing the content? Does your research show something contrary to the information being given?
FSOC just said there needs to be legislation to address conservatorship. That means end it, right? What other legislation would address conservatorship?
The sweep needs to stop. It seems the UST is engaged in money laundering. They are taking money in illegally (3rd amendment), funneling it through the Treasury and spitting it back out in various forms. That needs to stop immediately! Lew knows it, and he is responsible by letting it continue.
Wonder what the big target is? We'll see!!! I believe Ackman still has a Fnma, Fmcc case in Sweeney court that is on hold!
You call that big money? :)
Ya, why the heck did someone say that to you, BMXDAD13?
Pershing Square Holdings, Ltd. Launch of Senior Notes Offering Amsterdam, June 22, 2015 -- Pershing Square Holdings, Ltd. (ticker: PSH:NA) (“PSH”) announced today the launch of an offering of Senior Notes due 2022 (the “Notes”). The net proceeds from the offering of the Notes are expected to be used to make investments or hold assets in accordance with PSH’s investment policy, including by way of rebalancing transactions with other funds managed by Pershing Square Capital Management, L.P., as well as to fund operating expenses. Important Notice This announcement does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in Australia, Brazil, Canada, France, Singapore, South Korea, Spain, the United Arab Emirates and any other jurisdiction where to do so might constitute a violation or breach of any applicable law or regulation or to any national, resident or citizen thereof. The Notes mentioned herein have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”). The Notes may not be offered or sold in the United States or to U.S. persons (as defined in Regulation S under the Securities Act) absent registration or an applicable exemption from the registration requirements of the Securities Act. There will be no public offering of the Notes in the United States. PSH has not been and will not be registered under the U.S. Investment Company Act of 1940, as amended (the “Investment Company Act”), and investors in the Notes mentioned herein will not be entitled to the benefits of the Investment Company Act. PSH is a registered closed-ended investment scheme under the Protection of Investors (Bailiwick of Guernsey) Law, 1987, as amended, and the Guernsey Registered Collective Investment Schemes Rules 2015 issued by the Guernsey Financial Services Commission. In the United Kingdom, this announcement is being distributed to, and is directed at, only (a) persons who have professional experience in matters relating to investments who fall within the definition of “investment professionals” in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Order”); (b) high net worth companies, and other persons to whom it may otherwise lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order; or (c) persons to whom an invitation or inducement to engage in an investment activity (within the meaning of Section 21 of the Financial Services and Markets Act 2000) in connection with the issue or sale of any securities may otherwise lawfully be communicated or caused to be communicated (all such persons together being referred to as “relevant persons”). The Notes are available only to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such Notes will be available only to or will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this announcement or any of its contents. Persons distributing this announcement must satisfy themselves that it is lawful to do so. The distribution of this announcement may be restricted by law. Persons into whose possession this announcement comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
IRVINE, CA--(Marketwired - Jun 22, 2015) - NuGene International, Inc. ("NuGene") (OTCQB: NUGN), a developer, manufacturer and marketer of advanced skin and hair care lines utilizing adipose derived human stem cells and stem cell media, announced the conclusions of an independent clinical study. The results of the Company-financed research studied the effect of NuGene's proprietary serum's formulation on the human body's ability to repair and regenerate its skin. The study was conducted by Genemarkers LLC ("GM"), an independent clinical laboratory equipped to analyze gene expression in the human body. The study aimed to understand: 1) if NuGene serum exhibited any cytotoxicity; and 2) how NuGene serum influences gene expression in the skin.
GM discovered statistically significant results of NuGene serum versus a control after a 24 hour period showing:
increased anti-oxidant detoxification and inflammatory response;
increased signal related to extracellular matrix remodeling and structural integrity;
increased activity related to cell proliferation and renewal;
decreased pigmentation;
decreased barrier cornification; and
decreased extracellular matrix components involved in cell death and tissue imbalance.
The gene expression analysis was performed by harvesting the RNA from skin tissue samples and utilizing quantitative polymerase chain reaction (qPCR). Tissue cytotoxicity was measured by lactate dehydrogenase (LDH) assay.
"We are very excited about these significant results which indicate a more than double fold increase in multiple skin remodeling genes using our proprietary serum," noted Dr. Sanjay Dhar, NuGene's Director of Research and Development. "These results provide essential information and important insight for future biopharmaceutical product development."
About NuGene International, Inc.
NuGene International, Inc. specializes in developing, manufacturing and marketing proprietary regenerative cosmeceutical and pharmaceutical products based on adipose derived human stem cell and human stem cell media. The US Department of Health and Human Services calls regenerative medicine the "next evolution of medical treatments." The regenerative medical market which includes cosmeceuticals and pharmaceuticals was estimated at $7.2 Billion in the US in 2014 and is expected to rapidly grow in the coming years according to RNCOS Business Consultancy Services Global Cosmeceuticals Market report. NuGene's cosmeceutical and pharmaceutical products are based on proprietary stem cell based regenerative formulations derived from non-controversial, adult human stem cell derived media obtained from adipose tissue. NuGene's exclusive products combine its in-house advancements, proprietary technologies, and patent pending formulations. The company has four patents pending covering 15 unique applications and inventions. NuGene's goal is to leverage its knowledge and expertise to develop age defying cosmeceutical skincare and hair care products in addition to pharmaceutical products based on the same regenerative science platform.
Forward-Looking Statements
This release contains forward-looking statements. Actual results may differ from those projected due to a number of risks and uncertainties, including, but not limited to the possibility that some or all of the matters and transactions considered by NuGene International may not proceed as contemplated, and by all other matters and assumptions specified in NuGene's filings with the Securities and Exchange Commission, especially those risks and other matters described under "Risk Factors" within NuGene's Form 10-Q filed with the Commission on May 15, 2015. These statements are made based upon current expectations that are subject to risk and uncertainty. NuGene does not undertake to update forward-looking statements in this news release to reflect actual results, changes in assumptions or changes in other factors affecting such forward-looking information.
Thanks!
So much for transparency! :)
So you're just posting here for the social benefits? That's fine. It is a message board. :)
06/18/2015 **SEALED** MOTION to Remove the "Protected Information" Designation from Certain Grant Thornton Documents , filed by All Plaintiffs.Response due by 7/6/2015. (Attachments: # 1 Appendix Volume 1, # 2 Appendix Volume 2, # 3 Appendix Volume 3)(Cooper, Charles)
It seems like AIG and the GSE's were victims of good old money laundering by the USTreasury. Judge Wheeler ruled government actions with AIG were illegal. The government brags about profiting from the bailout. Excess went into the Treasury. They coin it as profiting the taxpayer, then it gets spit back into the system through various programs.
What does the Treasury do with all the excess billions received from TARP, from the GSE's? They keep saying, it's profit for taxpayers? Do taxpayers get a check in the mail? No, it's profit for the Treasury. Money from the Treasury goes to programs that benefit people that don't pay taxes also. Half of the US population doesn't pay taxes. Why does everyone let them get away with saying, this money goes to the taxpayer?
"TARP’s bank programs have already earned a significant profit for taxpayers. Including the expected proceeds from the transactions announced today, Treasury has now recovered almost $275 billion from TARP’s bank programs through repayments, dividends, interest, and other income – compared to the $245 billion initially invested."
http://www.treasury.gov/press-center/press-releases/Pages/jl0081.aspx
What is the in depth due diligence that you are talking about? Did tou already mention it in a previous post?
Have you done any in depth due diligence yourself?
Busy gal! Scroll down to the video for the Today Show interview http://www.today.com/food/kathy-irelands-breakfast-what-she-eats-when-shes-being-bad-t27091
Nugene's Chief Designer, Brand Ambassador, Shareholder & Investor Kathy Ireland, just went after the pumper/dumper that tried to attach themselves to the company.
Item 8.01 Other Events
NuGene International, Inc. through its subsidiary NuGene BioPharma, Inc. (“BioPharma”) is working with The First Affiliated Hospital of Nanjing Medical University and its contracted research center, Nanjing Regenerative Medicine Engineering and Technology Research Center located in Nanjing, China (collectively the “Research Institute”) to develop a study intended to evaluate whether Allantoin with conditioned media of adipose-derived stem cells (“Allantoin ADSC-CM”) would result in improved healing of burn wounds when compared to an Allantoin formulation (the “Study”). The Study is expected to consist of 20 participants that have received fractional carbon dioxide laser resurfacing on the bilateral inner arms. Participants will apply either the Allantoin ADSC-CM formulation or the Allantoin formulation to the subject area three times a day over a thirty-five day period with various evaluations taken throughout the period. The study is expected to begin in July 2015 and take approximately three months to complete.
On June 12, 2015, the Company issued a press release regarding the proposed Study. The company has posted the results of two prior company funded studies on its website at www.nugene.com under the "Research" tab.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
NUGENE INTERNATIONAL, INC.
Dated: June 17, 2015 By: /s/ Ali Kharazmi
Ali Kharazmi, Chief Executive Officer
I'm about ready for some exciting times, H! Let's go Fannie, Freddie!!
I believe Ackman's case in Federal claims was to continue 60 days after Fairholme discovery is completed.
Yes, he wrote a perfect, great letter, but he can't force them to take action. His letter is great in court, IMO. I was looking for clues from the ones that have the power at the moment to show that they are inching closer.
Not sure if they would approve return to uplist while still in it, though. It would be nice if the Fnma, Fmcc Board, Fhfa, would let us or congress know! Transparency?
They still have to be "approved" by the NYSE to uplist, so I would think they would need to be released first? Are there any companies under conservatorship trading on the major exchanges?
When things get to be such a muddled mess, that the average Joe isn't sure what each thing means, that is when the courts need to step in! I guess that is why, most of this will go to the Supreme court. This is all too important to brush under the rug. In the meantime, we've seen enough dirty laundry, stop the sweep, and release from conservatorship!!!
Yes, her specific question is, " when and how will conservatorship end?"
Are you asking if we think we have an edge because of HERA?