something me and you share , fun.
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Shareholders will ultimately pay for all the settlements, he said.
The Bank of America agreement is the largest in a series of related settlements by the FHFA, which had sued 18 financial institutions in 2011. It alleged securities law violations and, in some instances, fraud in the sale of private-label mortgage securities — those without government guarantees — to Fannie and Freddie as investments.
Previous FHFA settlements included agreements with JPMorgan Chase & Co. ($5.1 billion), Deutsche Bank ($1.9 billion), Morgan Stanley ($1.25 billion), Union Bank of Switzerland ($885 million), Credit Suisse Holdings ($885 million) and Wells Fargo & Co., which reached a $335-million settlement with FHFA without having been sued.
But even those massive figures don't compare to the cumulative damage Wall Street firms inflicted on homeowners and borrowers during the crisis, said Dennis Kelleher, chief executive of Better Markets Inc., a liberal nonprofit focused on financial reform.
http://articles.latimes.com/2014/mar/26/business/la-fi-bank-america-settlement-20140327
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Sound like Communist Government just come in and take your. Property. Really want to see that happen ....GL!
GSEs Release Revised Framework for Origination Defects and Remedies — The Proof Will Be in the Execution
http://www.jdsupra.com/legalnews/gses-release-revised-framework-for-80302/
The Banks paid back $Bil$ to FnF at the time it was wrong doing ...not profit . Gov. took all $$$ ....Some of that money is shareholders money ...not all FnF profits . Boom.!!!
IF you own 80% and took 100% profit ...that a boom is coming!
Obama Officials Resist Calls to Release Fannie Mae, Freddie Mac
http://www.bloomberg.com/news/articles/2015-10-20/obama-officials-resist-calls-to-release-fannie-mae-freddie-mac
market Cap $2.6B , overnight will be $40 B....do your math , I sleep on it . http://www.bloombergview.com/articles/2015-10-19/antonio-weiss-treasury-fannie-freddie-recapitalization
IF Correction 7.50$ in Monday's morning ....ha ha ...Have a good weekends to all .
More Americans will see
you have link for it? please share!
Any time FnF can uplifting big trading Board ... Tick tack tick tock
$2.70 Open Sky now ...FnF
Don't miss anything ? how much is China holding FnF bonds?
The government takeover of Fannie Mae and Freddie Mac is making waves far off American shores. China is watching the events closely because some 10 percent of China's gross domestic product is invested with the troubled mortgage giants. NPR's Adam Davidson talks with host Jacki Lyden about China's stake in the U.S. mortgage industry.
http://www.npr.org/templates/story/story.php?storyId=94369826
"Our Country had to borrow money to bail out , now they are fighting for that investment....such idiot run our country . It should not "fail" in the first time ...now they are worrying a 2nd time ..WTF" and "no one go to jail for "too Big too Fail"...The Banks and The Goverment "!
#fanniegate $fnma Santelli interviews Corker Is it legal for Corker to tell the public to short a stock? I think not pic.twitter.com/QfAMB73gdx
— InvestIt (@FNMA_RRR) October 7, 2015
Money back guarantee and up list ...woo woo
Buy it and hold it ....love it .
2.70$ will be nice rocket
Perhaps it is coincidental that several high-ranking government officials related to Fanniegate have recently departed. If these officials all resigned on their own, perhaps the pressure of dealing with Fanniegate was too overwhelming for them. However, if the government is asking these officials to leave it could be an indication of internal turmoil relating to these lawsuits.
https://thetruthaboutfannieandfreddie.wordpress.com/2015/10/12/ugoletti-schwind-bowler-out-whos-next-2/
Those are their shares short Fnma all day ...tried to bring this stock down...but have to cover it the end of the day!??
it's showing $2.70 open tomorrow ...FNMA ...woo woo
https://twitter.com/Jacklanvo99
Don't miss anything ? how much is China holding FnF bonds?
The government takeover of Fannie Mae and Freddie Mac is making waves far off American shores. China is watching the events closely because some 10 percent of China's gross domestic product is invested with the troubled mortgage giants. NPR's Adam Davidson talks with host Jacki Lyden about China's stake in the U.S. mortgage industry.
http://www.npr.org/templates/story/story.php?storyId=94369826
"Our Country had to borrow money to bail out , now they are fighting for that investment....such idiot run our country . It should not "fail" in the first time ...now they are worrying a 2nd time ..WTF" and "no one go to jail for "too Big too Fail"...The Banks and The Goverment "!
#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
that was Copy and Past "click" ....share link...I have no risk or write anything ..... !!!Nock nock
Hedge funds pushing Fannie, Freddie IPO?
CNBC Videos by CNBC Videos
3:49 mins
Bethany McLean, Vanity Fair Contributing Editor, discusses Senator Bob Corker's conversation about hedge funds pushing a Fannie & Freddie IPO.
http://finance.yahoo.com/video/hedge-funds-pushing-fannie-freddie-184300012.html?soc_src=mediacontentsharebuttons&soc_trk=tw
http://www.wsj.com/articles/fannie-freddie-and-smaller-banks-1441308871
how can you post pics...nice http://www.otcmarkets.com/stock/FNMA/quote
check here too
The Fed, the White House and Congress are setting up the next financial bubble
First, the Dodd-Frank regulations are causing one of the greatest consolidations of the banking industry since the Great Depression. Those indispensable small savings and loans that Jimmy Stewart operated in the movie “It’s a Wonderful Life” are disappearing from the American landscape. This is because only really big banks have the size to spread the costs of Dodd-Frank compliance officers and costs. So we have created a competitive advantage that allows the sharks to swallow the minnows. Meanwhile, the “too big to fail” safety net to Bank of America, Citi, and other titans exacerbates this cost advantage of big banks and thus makes bailouts even more likely in the future.
Second, Fannie Mae and Freddie Mac are engaged in the same low interest rate lending mania of 2004-07 and the Obama administration is on a Bush-like home-ownership push. Some Republican House heroes like Jeb Hensarling of Texas wanted to eliminate taxpayer subsidies to Fannie and Freddie but the housing lobby kept them alive. So now the two government enterprises are back issuing taxpayer guarantees on mortgages with as little as 3 percent down payment. Have we learned nothing at all?
Third, the Fed refused to raise interest rates off zero in September, and, hello, that easy money policy is how we got into the mess in 2000 and then in 2008. Wall Street cheered Janet Yellen’s decision to keep the cheap dollars flowing. Isn’t this all starting to sound familiar?
Finally, there is the saturation of debt. When the crisis hit in 2008 the national debt stood at a little under $10 trillion. Now we are at $18 trillion. Government is hopelessly overleveraged. The interest rate exposure is enormous with each one percentage point rise in long term rates causing the servicing costs of the debt to rise by about $1 trillion over 10 years. Meanwhile, on top of that, the Fed owns at least $1 trillion in mortgage debt and so if housing markets fall again, taxpayers get double walloped.
http://www.washingtontimes.com/news/2015/oct/11/stephen-moore-fed-white-house-congress-revise-fina/
Senator Sherrod Brown, an Ohio Democrat and the top Democrat on the Banking Committee, had put a hold on the bill. He prefers a comprehensive approach to Fannie Mae and Freddie Mac reform rather than piecemeal legislation, said Greg Vadala, a spokesman for Brown. Vadala declined to comment further on Corker’s bill. If Brown were to lift the block, it could clear the way for the legislation to pass quickly in the Senate.
Fannie Mae has returned $142.5 billion to the U.S. Treasury under conservatorship since 2008, while Freddie Mac has returned $96.5 billion, according to their most recent disclosures.
http://www.bloomberg.com/news/articles/2015-09-14/senator-warren-said-to-pull-support-for-fannie-shareholder-bill
he definition of "negotiability" is not for the banks to decide. The Emperor's New Clothes article published in William & Mary Law Business Review Volume 6 traces the history of negotiability from its inception in the 1800's to its current state of disarray. The article provides an in depth look at the ongoing disregard by the judicial system of the requirements of negotiability under Article 3 of the Uniform Commercial Code with regard to the purchase money mortgage market. The article admonishes the banking industry for inappropriately influencing the judiciary by asking the courts to find that Fannie Mae and Freddie Mac standard promissory notes are negotiable instruments simply because the banking industry says so, rather than because of actual legal argument.
The article then calls on the judiciary "as theoretically the least political and most impartial branch of government, to find that such promissory notes are no longer negotiable instruments, and therefore must be transferred via assignment pursuant to Article 9 of the Uniform Commercial Code", explaining that "such a construct would provide the transparency necessary to protect consumers and preserve defenses to predatory lending by the financial industry."
Mr. Oppenheim and Ms. Trask-Rahn are courageously and publicly exposing the truth. The bold approach with which the Emperor's New Clothes exposes the dark side of "negotiability" has caught the attention of prominent members of the legal community such as Thomas Ice who praised the article.
"Finally, practicing attorneys with the courage and perspicacity to tell it like it is," noted Ice, a Florida attorney who has been recognized as one of Florida's Legal Elite. "Not only do they speak out loudly and clearly on what is obvious to any of us that have studied the issue (that Fannie and Freddie notes are not negotiable), but they show how an entire branch of our government--the judicial system--has abdicated its role in protecting the public from the abuses of the financial industry. It's not the finery of "clothes" but the impartiality of "robes" that is embarrassingly and disturbingly nonexistent for many of our modern day decision-makers."
The inherent impropriety in changing the meaning of negotiability within one area of law, which is the article's groundbreaking concept, is concise yet provides readers with an in depth history of negotiability and eye an opening look at how courts have decided to change the long standing definition of negotiability, but astonishingly only as applied to purchase money mortgage promissory notes.
Why didn't the Federal Trade Commission apply its "Holder in Due Course Rule" to Mortgage Notes? The article asks the Federal Trade Commission to expand the elimination of the holder in due course doctrine, as it did with retail installment contracts and retail car financing. The FTC is aware of the abuse, fraud, and deception caused by the holder in due course doctrine yet the doctrine still applies concerning purchase money mortgages, making it easier for a lender to take advantage of a less experienced borrower without fear of retribution.
http://www.otcmarkets.com/stock/FNMA/news
Fannie Mae: It Is Bob Corker Versus Bill Ackman
Posted By: Guest PostPosted date: October 09, 2015 07:40:17 PMI
http://www.valuewalk.com/2015/10/fannie-mae-bob-corker/
Yes keep waiting maybe 1.60$ or 16$.. Fnma ...Keep waiting ...GL
A millionaire Congressmen will have a good Columbus weekend ! bla bla bla ??
And he told public to "Short" this Stock ...OMG . Nock nock
See Big Short
if there are a wrong doing ...will be door to nock nock
@pgray41: #fanniegate $fnma Santelli interviews Corker Is it legal for Corker to tell the public to short a stock? I think not http://t.co/QfAMB73gdx
Watch Bob Corker Tell Americans to “Short” Shares of Fannie Mae
http://www.valuewalk.com/2015/10/watch-bob-corker-tell-americans-to-short-shares-of-fannie-mae/
Warren Demands Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) Stop Sales Of Distressed Home Loans
http://www.journaltranscript.com/2015/09/warren-demands-federal-national-mortgage-assctn-fnni-me-otcbbfnma-stop-sales-of-distressed-home-loans/
BREAKING DOWN 'Government-Sponsored Enterprise - GSE'
GSEs carry the implicit backing of the U.S. Government, but they are not direct obligations of the U.S. Government. For this reason, these securities will offer a yield premium over Treasuries. Some consider GSEs to be stealth recipients of corporate welfare.
Examples of GSEs include: Federal Home Loan Bank, Federal Home Loan Mortgage Corporation (Freddie Mac), Federal Farm Credit Bank and the Resolution Funding Corporation.
Read more: Government-Sponsored Enterprise (GSE) Definition | Investopedia http://www.investopedia.com/terms/g/gse.asp
Mortgage Rates Fall on Concerns Over Labor Market
Poor jobs report drove rates down
U.S. mortgage rates took a tumble this week following a weak September jobs report. According to Freddie Mac, the average rate for a 30-year fixed rate mortgage fell from 3.85% last week to 3.76% this week. 15-year mortgage rates fell from 3.07% to 2.99% during the same period.
Rates are now considerably lower than the same period a year ago, when the 30-year rate was 4.19%. 30-year mortgage rates rates have been below 4% for 11 straight weeks.
On Friday the Labor Department said that the U.S. economy only added 142,000 jobs in September, well below the pace set in previous months. The poor report could throw off plans for the Federal Reserve to raise interest rates before the end of the year.
http://time.com/4066838/mortgage-rates-fall-on-concerns-over-labor-market/