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y yo tambien
FnF will going up no matter Watt !
GL
GooooooFnF!
Let's see what happens when the volume back. So far 2.71 is a good support. BTW make sure the turkey is dead, if it will not be hard to put it in cold water. Happy Thanksgiving
Agree. That's the success key in this game. GL
TY for your DD and honesty. happy Thanksgiving!
The PSAR is down KING? Not distinguish well..TIA
She is member of the Triad?
Is a news that Cramer is a FnF basher?
GooooooFnF!
Agree Sr, although the political corruption is widespread everywhere. Luckily there are other forces that put things in balance. This stupid bill is not going anywhere I hope
GLTY
It seems that there has emerged a new political organization, should be called Republican National Association for the Destruction of the Country, judging for this REPEAL Act
GoooooFnF!
Hahahaha. GoooooooooFnF!
Again? Please grow up as FnF is doing.
All the best for you too fb22term
Glad to see a change in your perspective of events. Not everything is black and white... GL Usmcvet
"Our heads are round so our thoughts can change direction."
Francis Picabia
Or 5 if you let it fat!
NO, you're right
YES!
GooooppFnF!
As a Thanksgiving roasted turkey
Agree, very piscina
Fifth Third to Pay $25 Million to Freddie Mac in Mortgage Settlement
Settlement Involves Mortgage Loans Sold to Freddie Mac Before Jan. 1, 2009
http://online.wsj.com/news/articles/SB10001424052702304011304579219802831415962
Useless irony facing this huge ironic fact. All is about calculate what are our real legal possibilities to overcome this illegality, legally implemented.
GooooFnF!
NET ZERO doesn't exist legally, ethically YES. The Govt. no just expected, but perfectly knew that FnF are very profitable, with the capability to return all the money with a great profit for the Treasury, The Govt. and the Fed. Their big mistake was the Sweep Amendment.
GooooFnF!
No, no, it isn't the end of the story yet. Previously there were a couple of attempts to winding down FnF. The most serious was in the 90's. I'm posted before links about that. The legal tools were prepared in advance with the creation of OFHEO and later with HERA. before implementing the c-ship, which btw was signed under the Presidency of Bush Jr. with the consent of H. Paulson, with all their dirty game with GS and the others hedge funds... The Democrats are also guilty for promoting a protectionist policy with folks (affordable house for every one) .. so this is a turbulent sea plagued of large, greedy and fierce sharks, where the money are the main objective. Please read the whole history. The housing is the biggest national industry, that's why the GSEs having an "special treatment" and that's why I'm full in. GL
I think he is a better option at this point. DeMarco has never lifted a finger to favor us and never will do imo. As per some analysts Watt has a different agenda. At least isn't the same face who signed the Sweep Amendment so politically would be a good move. Agree with you about big money..gl
Changes ahead for Fannie Mae, Freddie Mac?
http://video.foxbusiness.com/v/2859986228001/changes-ahead-for-fannie-mae-freddie-mac/
For anyone who still suggests, incorrectly, that Larry Summers was the "wrong" choice for Fed Chairman just because he would promptly end QE the second he was elected as the erroneous popular meme goes, we have one soundbite from his recent Bloomberg TV interview refuting all such speculation: "if you had to say, should we have used this tool or should we not have, I think the answer is overwhelming that we should have." He had some other amusing logical fallacies (including discussing whether the market is in a bubble) all of which are transcribed below, but the best one is the following: "I think it does bear emphasis that the people who were most appalled by it are the people who have been predicting hyperinflation around the corner for four years now and they have been wrong at every turn." And let's not forget that "subprime is contained" - until it isn't. Then again, the last time we checked, the history on the biggest monetary experiment in history - one in which both the Fed and the BOJ are now openly monetizing 70% of gross bond issuance - has certainly not been written. Finally, in the off chance Summers is indeed correct, what history will instead ask is why instead of monetizing all the debt from day 1 of the Fed's inception in 1913, and thus pushing the stock market into scientific notation territory, did the Fed leave so many trillions of "wealth effect" on the table?
http://investingchannel.com/article/274942/Larry-Summers-History-Will-Overwhelmingly-Approve-QE#.UpLWtsSfgtc
Keep in mind that this article come from Bloomberg...gl
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=94369891
The love of family and the admiration of friends is much more important than wealth and privilege.
Charles Kuralt
Agreed. Also early December will be the first Hearing in the Court of Appeals. Good back trip
Well .. you're contradicting yourself. Finally buying $ 8 was removed or not? Besides everybody set the alert at $8's?
Maybe you're right. The only way to know is if several people received an email like this, that's why I asking in the board. Anyway the pps will tell us whether it matters or not
gl
I also think it's was an error, when it happened I posted a couple of joke about that .. My point is why a broker like Scottrade take that pps as a real, beside the fact of the alert per se.
GooooooFnF!
Don't assume, that is not the case
Agree with the former. I received that e-mail from Scottrade, maybe someone else too, but perhaps you're right and they are a bunch of naive and foolish
GoooooFnF!
Yesterday after 4:00 pm there was a buy of 400k at 2.81. Also I received this e-mail from Scottrade, wonder if someone else...
The following Stock Alert has been triggered compliments of Scottrade.com.
FANNIE MAE - Sale price rose to 4.0000
Last Sale: 8.8387 at 13:34:00
Price when alert was set: 2.92 on 11/21/13 19:25:05 EST
Current Quote for FNMA
Last: 8.8387
Change: -0.12 (-4.11 %)
High: 8.8387
Low: 2.68
Annual High: 8.8387
Annual Low: 0.25
Previous Close: 2.92
Volume: 32115689
100-Day Avg. Volume: 22274973
200-Day Moving Avg: 1.35
DJIA: 16020.97 (+10.98)
NASDAQ: 3987.11 (+17.96)
S&P500: 1801.26 (+5.41)
To place a trade, login to your account now. http://www.scottrade.com
Have your account number and password ready
FnF will stay for another 100 years even when they want to reduce it's size from gorilla to orangutan. I meant to the empty bags remained after ate the Jerky Meat. Btw watch out with the crawling bullbags, step on them would be unhealthy and very very painful
GL KING
More Fannie Mae Borrower Aid Expected After Watt Confirmation
By Clea Benson - Nov 23, 2013 12:01 AM ET
The Federal Housing Finance Agency could slow efforts to shrink Fannie Mae (FNMA) and Freddie Mac and boost aid to troubled borrowers if U.S. Representative Mel Watt is confirmed as the agency’s director early next month.
Watt, a North Carolina Democrat, has the unanimous support of Senate Democrats who voted this week to change the chamber’s rules to approve nominees with a simple majority. Watt could gain confirmation as soon as the week of Dec. 9, when the Senate returns from a recess.
“We believe he is less inclined to lower the conforming loan limit, raise guarantee fees, or take other steps that could make housing finance more expensive,” Jaret Seiberg, an analyst at Guggenheim Securities LLC’s Washington Research Group, said in a note to clients. “Yet he is also a threat to engage in broad principal forgiveness and to expand the HARP refinancing program.”
Watt would be taking over as independent regulator at a pivotal time for the two government-sponsored enterprises, which provide liquidity to the housing market by packaging loans into securities on which they guarantee payments of principal and interest. FHFA’s director has the power to set and modify terms for the 50 percent of existing U.S. mortgages owned or backed by Fannie Mae and Freddie Mac. (FMCC)
Acting Director
Watt would replace FHFA Acting Director Edward J. DeMarco, whose focus during his four-year tenure has been on improving the companies’ bottom line and conserving assets for taxpayers. Fannie Mae and Freddie Mac received a $187.5 billion bailout from the U.S. Treasury after they were seized by regulators in the midst of the 2008 financial crisis.
The two companies have begun posting record profits and sending billions of dollars in dividends to the Treasury as the housing market rebounds. At the same time, Republicans and Democrats in the Senate are working on a bipartisan plan to wind them down and replace them with a new housing finance system.
In naming Watt, Obama was responding to months of pressure from housing activists and groups including the Congressional Black Caucus who wanted an FHFA director who would place more emphasis on aiding financially struggling borrowers.
Watt may reverse DeMarco’s ruling prohibiting Fannie Mae and Freddie Mac to cut the principal balance on delinquent loans. DeMarco argued that policy would hurt taxpayers more than it would help homeowners. Watt called for principal reduction as a member of Congress; after his nomination, he said his congressional positions wouldn’t dictate his views as a regulator.
HARP Expansion
Mortgage industry participants are hoping Watt will expand the Home Affordable Refinancing Program, or HARP, which allows borrowers with Fannie Mae and Freddie Mac loans to lower their interest rates even if they owe more than their homes are worth. The current program applies to loans originated before June of 2009, and some housing advocates and lenders have been pressing for it to be extended to more recent originations.
Certain Fannie Mae and Freddie Mac mortgage bonds slumped on the potential for an expansion of HARP. Fannie Mae’s 5 percent securities underperformed similar duration Treasuries by about 0.5 cent on the dollar for two days ending Friday, the most this year, according to data compiled by Bloomberg.
Watt may also slow some of DeMarco’s efforts to gradually wind down Fannie Mae and Freddie Mac’s operations in the absence of action from lawmakers on a broader housing-finance overhaul.
Loan Limits
DeMarco has announced he wants to lower the maximum size of loans the companies can purchase, raise the fees they charge to guarantee loans, charge additional fees in states with long foreclosure timelines, and cut the amount of financing they make available for apartment-building loans.
Participants in the housing industry have pushed back against some of those initiatives, saying they are premature as the housing market is still recovering.
Senate Republicans, who approve of DeMarco’s policies, blocked Watt’s confirmation in October when all but two of them voted against moving his nomination to a final debate, leaving Democrats short the 60 votes they needed at the time.
Senate Majority Leader Harry Reid, a Nevada Democrat, cited that vote as one of the reasons to change the rules to require a simple majority vote on nominees.
“Senate Republicans simply don’t like the consumer protections Congressman Watt was nominated to develop and implement,” Reid said during a speech on the Senate floor.
Watt, a lawyer, has served in Congress since 1992, representing a district that includes the second-largest concentration of the banking industry next to the New York district that contains Wall Street, according to his website.
To contact the reporter on this story: Clea Benson in Washington at cbenson20@bloomberg.net
To contact the editor responsible for this story: Maura Reynolds at mreynolds34@bloomberg.net
Be prepare with the protein the empty bags, cement, old rags and everything you can find to fill this FnF gap
Read the article, is encouraging
GooooooFnF!
More Fannie Mae Borrower Aid Expected After Watt Confirmation
http://www.bloomberg.com/news/2013-11-22/more-fannie-mae-borrower-aid-expected-after-watt-confirmation.html