Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Yea!
InvenSense +27%, talks of takeover by TDK reported
Dec. 9, 2016 12:04 PM ET|About: InvenSense (INVN)|By: Eric McCaffrey, SA News Editor
Reuters sources have TDK extending a $12 per share offer for InvenSense (INVN +27%).
While negotiations remain fluid, a finalization of terms by the end of the month is claimed targeted.
Now read: China's Fujian drops Aixtron bid after U.S. blocks deal »
No. only those involved in the lawsuit can negotiate
Is that even possible? I don't know much about shorting, but I'd imagine a broker would make someone cover by now if they shorted at $2.
Anyone know?
But they wouldn't be part of a mutual fund ran by vanguard, which is what I'm talking about
Never mind. False alarm. I saw the word "release " and got excited. They really should refrain from using that word.
However, this is still positive, but not the "positive" we need
Freddie Mac Implements Common Securitization Platform for Single-Family Mortgage-Backed SecuritiesFont size: A | A | A
undefined undefined | Marketwired
Successful Test Paves Way for $3.5 Trillion Market of Fungible Agency MBS
MCLEAN, VA--(Marketwired - Dec 8, 2016) - Freddie Mac (OTCQB: FMCC) announced today that it has implemented the Common Securitization Platform (CSP) for certain single-family fixed-rate mortgage-backed securities (MBS). This development, commonly called Release 1, paves the way for Release 2, which will enable a combined Freddie Mac and Fannie Mae $3.5 trillion market of to-be-announced (TBA) MBS.
The successful implementation of the CSP's core infrastructure and operations is a critical milestone on the path to the implementation of the Single Security Initiative. Freddie Mac and Fannie Mae have been working together -- along with their joint venture, Common Securitization Solutions, LLC (CSS) -- under the direction of the Federal Housing Finance Agency (FHFA), to create a common fungible security that will be issued and guaranteed by either of the government-sponsored enterprises (GSEs).
"We're excited to use CSS operations and the CSP to support our securities issuance," said David Lowman, executive vice president of Freddie Mac's Single-Family Business. "This is a milestone marking several years of intensive work across Freddie Mac, Fannie Mae, CSS and FHFA to take this project from concept to reality. I'm very appreciative of the collaboration and drive exhibited by everyone working on this project. This is one of the ways we're working together to build a better Freddie Mac and a better housing finance system for families, customers and taxpayers."
David M. Applegate, CEO of Common Securitization Solutions, LLC, said, "We are very pleased to be partnering with Freddie Mac, Fannie Mae and FHFA as the CSP progresses. Today's announcement by Freddie Mac that it has successfully completed its first bond issuance and bond administration on the platform is an important step forward in bringing additional liquidity and fungibility to the TBA market."
Release 1, which launched on Nov. 21, enables Freddie Mac to transfer certain securities operations for its Gold participation certificates (PCs) and Giant PCs to CSS and the CSP. This will enable both GSEs to implement the Single Security Initiative by issuing the new Uniform Mortgage-Backed Securities (UMBS) and commingled resecuritizations through CSS and the CSP.
Freddie Mac also announces the broad availability of Dealer Direct(SM), its online securitization portal. Through this portal, authorized dealers can efficiently form Freddie Mac Giant securities and access the Freddie Mac REMIC Structure Validation Tool. In the future, Freddie Mac plans to introduce Dealer Direct functionality that will permit the exchange of legacy PCs for the new UMBS Single Security or, if applicable, another new 25th pay date security. Additional information is available here.
News Facts:
The Single Security Initiative will result in both GSEs issuing the new UMBS. Commingled resecuritizations of UMBS, which can combine UMBS issued by Freddie Mac and/or Fannie Mae, will be called Supers. (Supers are the UMBS counterpart to Freddie Mac's Giant PCs.)
There are approximately $1.4 trillion in Freddie Mac 45-day PCs, of which an estimated $1.1 trillion are expected to be exchangeable by PC holders for 55-day UMBS once the new security is officially launched.
UMBS and Supers have the potential to transform the separate multi-trillion dollar TBA markets for Freddie Mac and Fannie Mae MBS into a single TBA market of $3.5 trillion, second in size only to the global market for U.S. Treasuries.
Additional information about the Single Security Initiative and the CSP is available here.
Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Today Freddie Mac is making home possible for approximately one in four home borrowers and is the largest source of financing for multifamily housing. Additional information is available at FreddieMac.com, Twitter @FreddieMac and Freddie Mac's blog.
No firms (vanguard, Putnam, etc.) are allowed to buy OTC stocks due to their charters/ policies. Hedge funds are different though.
You guys see this out on the wire??????!!!!!!
Wonder what it means?
Freddie Mac: Commonly Called Release 1, Paves the Way for Release 2 FMCCFont size: A | A | A
undefined undefined | Dow Jones
(MORE TO FOLLOW) Dow Jones Newswires (212-416-2800)
December 08, 2016 10:14 ET (15:14 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
Freddie Mac: Release 2 Will Enable a Combined Freddie Mac and Fannie Mae $3.5 Trillion Market of To-Be-Announced MBS FMCCFont size: A | A | A
undefined undefined | Dow Jones
(MORE TO FOLLOW) Dow Jones Newswires (212-416-2800)
December 08, 2016 10:15 ET (15:15 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
Only if uplisted.
Haha.
Looks like the plan of this man-hating d*ke is backfiring
This is great because not only does it rub salt in the wounds of the delusional people hoping to change the outcome of the election, but it just solidifies the worth of FNMA/FMCC
http://www.foxnews.com/politics/2016/12/07/recounts-barely-making-dent-in-election-results-trump-gains-in-wisconsin.html
Clay,
What's your opinion on the need to fill gaps? Seems like the drop from $5 was intent on filling that big one from last week.
Makes sense. Sort of a self fulfilling prophecy...
Great chart! I don't understand why gaps usually fill. Theoretically it's not necessary but technically it almost always happens. Now that this one filled I'm curious to see how it performs from here.
Holy smokes what a move this morning. Chart shows blue sky until $6!
Haha. But remember before the crash, Freddie was higher. I'm anticipating that to replicate once normalcy is restored.
That broke $4.50 with ease. Should become support today. This is amazing.
Yeah, odd. If I was a trader I'd sell Fannie and buy Freddie since it will eventually catch up.
Seriously doubt it. That's another long litigation process.
For the same reason people like to race the 1/4 mile .05 seconds faster than the other guy...bragging rights. :)
This didn't run this hard when it flew to $6. I expect the rest of the week to be extremely bullish. I wonder when profit taking will start?
T minus 3 minutes
"Our administration will make this one of the top 10 priorities." (To privatize the GSEs) - Mnuchin.
Freaking awesome
Good job! I was planning on getting more today but won't chase it. In case this gap fills (which I doubt will happen this time) I've got all the shares I'm willing to buy.
The MOASS will happen today.
I thought the same thing. Clowns.
His warped mind. Pay no attention...
It's between Romney and Giuliani. Nice try though
Outstanding article and makes me more confident in our investment.
Never traded warrants before and have been researching the concept. I might get some this week. Seems interesting.
Yep and the move the GSE stocks will make will surpass that move several times over.
The GSEs were taken down under false pretenses and deception whereas AAL really did go bankrupt. Plus the GSEs are worth much more than AAL by a large margin.
This is the stock of a lifetime. It's about as sure of a bet as you can get in stocks. There's always a risk, but the ratio is very much in our favor.
No worries man, email me whenever. No problem
No. email me at capacciosalvatore@yahoo.com so we're not violating TOS. I'll be glad to answer your questions.
Any mention of housing has been strangely absent from all the candidates' messages thus far. It's almost as if they're purposely avoiding the conversation.
http://redstatewatcher.com/article.asp?id=50374
$40 with a dividend. Have military retirement check and no bills so I set myself up well.
I agree. Stock doubled since election and no significant news yet. Next pop will be when treasury secretary Munchen is announced. Should hit $4 on that news.
I could very well be fully retired at 42 years old next year.
You're awesome.
It was from yesterday. If you have updated info then post it instead of conjecture.