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Its time to start talking about NetZero. 13 billion - 5.1 billion settlement from JPM= 7.9 billion. How much do you think Freddie has to write off? Feeling pretty good about FNMA having a good Qtr. Im sure Countrywide's punitive damages will be close to 5-10 billion. I see clear skies. BTW, these settlements are shareholders capital. The shareholder was defrauded not the government. So, even though they are acting on our behalf, that is our money.
Guarantee those two monitor this board. Anyone that listened to them or took their advice, missed a 300% upside on FNMA. I bet they are not licensed brokers, truely foolish advice.
Im calling it, as of this weekend...we are at NetZero. They may not announce it, but we reached the summit.
I would say as of this weekend and this settlement with JPM, We are at NetZero with the original loan agreement under the conservatorship.
I have not been excited in a long time about a stock. Everything is lining up for a pretty big event. Im honestly surprised that with only 1.2 billion share structure that this thing has not risen alot faster than it has. I guess alot of folks are in it for a quick in and out and the flipping makes it erratic. Its alot like musical chairs, at some point the music will stop and the chairs will be full of people. Thats why I am keeping my fannie in my fannie stock. Good luck sir, I hope it runs and you have a nice legacy into your golden years.
I would be happy with a 3 dollar divy every year for the rest of my life...who cares about the PPS....thats other peoples issue.
FNMA UP 762% YTD.
FHFA cracking under the extreme weight of the Constitution.
What you are seeing is preloading. This is speculators playing the earnings report. When this is fully released, gains of 5 dollars a day is not out of the question. Those that see the big picture are holding long. That will put pressure on the share price due to the limited amount of shares on the market. I cant wait for my broker to call me and ask if I am willing to sell my shares at a premium. Im just gonna laugh....................
In my mind's eye I see a run up on speculation going into Nov. Net zero is approaching, I would think that alot of traders will want to start taking longer positions.
I would say 11 billion is a more likely number. Lets put that into prospective: 1.2 billion shares OS...thats 11 dollars a share on one settlement. Put that in your pipe and smoke it....thats alot of dough. More to come. When released, how in Gods name is the Government gonna keep the shares from going crazy high? They are gonna take one on the chin with the public. The press will eat them alive talking about a company they took over, killed, and then somewhat forced to release...Barney Frank called everyone on this board a blood sucking vulture. The politicians are frustrated with us. Keep up the good work. Sometimes we have to band together to fight the forces of evil.
Nov. 7th is the goal.
PPS stair step, vol. stair step...all signs point to yes.
I averaged up today. Im close to being all in on my trading account. Each new day is bringing more clarity. I would guess that shares will be getting thin pretty soon. Just like they did in May. Anyone remember not being able to get filled on Market orders? I do.
I averaged up today. Im close to being all in on my trading account. Each new day is bringing more clarity. I would guess that shares will be getting thin pretty soon. Just like they did in May. Anyone remember not being able to get filled on Market orders? I do.
Seems to me that FMCC should be trading on PAR with FNMA since they will be soon "one and the same". Also, given this news...will we be putting both companies under one ticker symbol?
I would agree. How can a company that is in C-ship start new companies? That fact along tells me that they are or should have been released already. Shareholders are paying for the new company. How will the company be structured? Will I see a new ticker in my account? Lots of questions that have not been answered.
I wonder if the judge has had a sidebar conversation with the defense and gave them the short version of where he sees this trial going? You know those guys talk openly among themselves. Regardless of what people are saying, these movements were spurred by the lawsuits that are piling up at the FHFA front door. They are now in damage control. Damages are done, they are just trying to limit them to a manageable number.
We will. But dont tell anyone. Thats the whole selling point to JOHN C PUBLIC. Savy?
Only God and the Tax man know the truth. Based on my DD, I would think that one could read the call letters of the boat that is sailing away. Its hard to read from the dock. It says USS FNMA. Good luck catching the next ship.
Dont believe in God? How about the Bull God?
People believe what they hear on CNN and Fox news. FNMA bad. We are replacing it. Its gonna be much better. Its called CCS. No tax payer $ needed. Small print (Fully owned subsidiary of Fannie Mae)
Negative ghost rider, what is you are seeing is a way out that does not bring a jaded view from the voter. They will spin this as a end to taxpayer bailouts. When in reality it would again fall on the taxpayer should things get bad again. Once the insurer is default, who then? The tax payer. What is funny is the CCS would be dissolved and the GSE remains, looking for another insurer. Its perfect, as long as we only have this bubble once every sixty to hundred years.
With only 5000 shareholders its a pretty exclusive club. Welcome to the club. We have been expecting you.
Congrats longs. Looks like your big day is coming sooner, much sooner than I thought. I was looking for a release in Feb. Looks like the lawsuits is pushing this forward quick.
If that is the case, Im in.
I personally dont think shareholders should have to fund this venture. This does not fit in the scope of the conservatorship. Why are we paying for it? Its just capital being used that could be used toward paying off the debt. Another lawsuit.
absolutely dead on a 17% up day. Thats the way I like it. Just me and my profits.
They use generalizations. Something like the President saying the GSEs just cant exisit in the same manner they do today. Sounds horrible on a headline, but it may only mean...release and create a new rule of 10% down for borrows. Double talk, negative speak...meaning nothing, even when its the POTUS>
MORE $ for shareholders too.
I agree, why sell them a house when we can make permanent renters out of the poor saps. Im all for that. Deny them loans, but offer them a home for rent. WIN-WIN. FNMA has the asset, just need to reallocate it. Rent. Thats genius.
Ever wonder why the English is bad? So many copy and paste? That because FNMA attracts third world investors? LOL. Nope its because FNMA is a global company recognized by many overseas as a good investment. Read between the lines.
I would have to agree with him. Politically, how would it look if this stock goes to 100 dollars. They wont allow it. They may close it down and purchase your shares for a 100 bucks. That is more likely. You would have to sign a Nondisclosure agreement. That is the more likely outcome.
Put in laymans terms, why buy a nuke for a billion when you can purchase all the land mortgages? Someone help me understand this.
Am I the only one that feels that the share structure of FMCC is a national risk? Think about this: .8 billion shares outstanding. Share price of 1.40. So, currently, for 1.12 billion dollars a rouge nation could buy the market share and own 90% of the countries loans and mortgages. Not only that hold the notes on 90% of them. This is crazy. Before pension funds, retirees etc owned this...now its on the otcs. Who knows who holds this paper? Having given this some thought, this is a seriously overlooked issue. The share structure itself leaves the United States exposed. Has anyone else considered this? I know the Fed holds 80% warrants, but that is contingent on a court case now. Thoughts? Why would the Fed not purchase the remaining shares?
Am I the only one that feels that the share structure of FNMA is a national risk? Think about this: 1.2 billion shares outstanding. Share price of 1.50. So, currently, for 1.8 billion dollars a rouge nation could buy the market share and own 90% of the countries loans and mortgages. Not only that hold the notes on 90% of them. This is crazy. Before pension funds, retirees etc owned this...now its on the otcs. Who knows who holds this paper? Having given this some thought, this is a seriously overlooked issue. The share structure itself leaves the United States exposed. Has anyone else considered this? I know the Fed holds 80% warrants, but that is contingent on a court case now. Thoughts?
I have not done the math, but I would suspect that the settlements from the banks would more than cover the original loan to Fannie. So now we are talking about the illegal takings of the profit sweep. The lawsuits are not going after just a release of FNMA. They want the profits back. What was it first few quarters 60 billion profit? That alone divided by the share structure of 1.2 billion outstanding is 50 bucks per share. If that occurs, then we can start talking about the real value of the stock. I think some here have their sights aimed low. Liabilities on the books of a bank are different from a regular company. A bank with no liabilities is worthless. Liabilities are pipeline profits. The key is the loans performing so that the pipeline stays full. 4 Trillion is a big number. Enough profit in that to carry shareholders a nice divy for years to come.
Anyone getting Maintenance messages on the FNMA board?
The GSEs had value and were not in default when taken into Conservatorship. Otherwise, the FHFA would have no choice but to put them into Receivership.
The shares were allowed to continue trading. They had value so they had no choice but to allow them to continue to trade and still does today.
No company making profits can be taken by the Government.
Shareholders retain legal rights in Conservatorship.
A shareholders rights are the same no matter when you purchased the stock.
FNMA Conservator has a legal obligation to conserve, protect, and release to the shareholders.
There is no precedent for what has been done to FNMA shareholders.
The Government can not take property without paying full value to the owner.
What example would the Government leave for future investors in mortgages if they defaulted on the original agreement in 2008? Lack of Trust and risk premiums would make mortgages affordable to most.
These points were made clearly by Professor Richard Epstein. I enjoyed watching it, and thank the person that posted it.
http://www.restorefanniemae.us/