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True, I think FNMA could have a breakaway gap on the right news, such as NWS release or relist. But all gaps since 2013 have filled so far.
Who wants to bet this gap fills/don't fill?
Gap. Will it fill?
He’s so hung up on the hedge funds making money off this. He neglects to think about the many retail folks and IRAs in this.
Whoohoo!
Bullish hammer
Not a bad close considering. Hopefully we bottomed and will be back up tomorrow. I bought some shares at 2.71 the other day. I should have held out.
Agreed. 30K way too much for the time and effort they put in. The biggest thing they gave you in the past was exposure and now with the Internet you don't need them for that. Hire an appraiser which they would do anyway to find the "value" of your house.
If the government puts FnF back to pre housing crisis configuration then they will go to pre housing crisis pps and higher without question
That’s what it was because I looked into buying FNMAS but I saw that it would max at 25 and I opted for the commons.
It’s not that they should be valued dependent on the commons value but they do have a max value depending on the dividend structure. where the commons have no theoretical max. For some reason I remember the preferreds maxing out at 25 I don’t know why that number sticks out in my mind
Strange trading action, nearly flat all day
We need the no volume blues
Why the gap down today?
Nice! gasbag finally said something that will help us
Here comes some buying. Lemmings that sold are now chasers.
Nice pop. Keeping it in the channel
they are so tricky. trying to screw the day traders out of the market
Nice close considering
Low volume slow bleed.
Nice synopsis
From the waist down. He's a bottom trader.
Picked up some 2.83's. See what happens next week.
More like breaking wind
He doesn’t have a clue
that was the only way they could get shares
tomorrow will be interesting
Hard to borrow flag not present means there are plenty of shares available to short. NOT good news.
https://www.investopedia.com/terms/h/hardtAoborrowlist.asp
We need to get the NWS in front of SCOTUS
Fannie Mae Holds 2019 Forecast Steady at 2.2 Percent Growth
and One Fed Rate
Hike
PR Newswire
8:00 AM ET
The Fannie Mae Economic and Strategic Research (ESR) Group
in its February forecast update is maintaining its
prediction for 2.2 percent full-year growth in 2019, down
from 3.1 percent in 2018. A smaller boost from previously
enacted federal fiscal policies, moderating business
investment growth, and a widening of the trade deficit were
listed as key drivers behind the expected year-over-year
decrease in headline growth. Slowing global economic growth
and trade uncertainty remain downside risks. Federal Reserve
"patience" has led to easing financial conditions, while the
expanding labor pool suggests minimal wage pressures, which
together serve as potential growth offsets to the opposite
direction.
The ESR Group's housing and
mortgage finance forecast calls for total home sales in 2019
to be essentially flat from 2018. Decelerating house price
appreciation plus a slowdown in interest rate increases
should provide some support for sales after the decline of
last year.
Growth for the first quarter
of 2019 was revised downward from the previous forecast by
one-tenth to 1.7 percent, due to expectations of a slight
slowdown in consumer spending on degraded consumer
sentiment. The ESR Group expects that any impact on growth
from the partial government shutdown will be mostly recouped
by the end of the first quarter. The dovish tone of the
Fed's most recent statement and its removal of forward
guidance on interest rates, with no evidence of accelerating
inflation, support the ESR Group's expectation for a single
mid-year rate hike in 2019.
"We reduced
first quarter growth expectation slightly, but our forecast
for full-year 2019 growth remains unchanged," said Fannie
Mae Chief Economist Doug Duncan. "The labor market is
strong, unemployment is at a very low level historically,
and wages are rising modestly, enticing workers to come off
the sidelines. We continue to expect only one rate hike this
year as markets applauded the pause in monetary tightening
by the Fed. Uncertainty regarding terms of trade remains a
downside risk, as does slowing global economic growth."
"On housing, a reduction in our forecast
of existing home sales has our team projecting fewer 2019
purchase mortgage originations," Duncan continued. "However,
falling - or at least not rising - interest rates, strong
employment, continued wage growth, and a deceleration in
home price appreciation should support more favorable
home-buying conditions heading into the spring, along with
improved affordability."
Visit the
Economic & Strategic Research site at www.fanniemae.com to
read the full February 2019 Economic Outlook, including the
Economic Developments Commentary, Economic Forecast, Housing
Forecast, and Multifamily Market Commentary. To receive
e-mail updates with other housing market research from
Fannie Mae's Economic & Strategic Research Group, please
click here.
Opinions, analyses,
estimates, forecasts, and other views of Fannie Mae's
Economic & Strategic Research (ESR) Group included in these
materials should not be construed as indicating Fannie Mae's
business prospects or expected results, are based on a
number of assumptions, and are subject to change without
notice. How this information affects Fannie Mae will depend
on many factors. Although the ESR Group bases its opinions,
analyses, estimates, forecasts, and other views on
information it considers reliable, it does not guarantee
that the information provided in these materials is
accurate, current, or suitable for any particular purpose.
Changes in the assumptions or the information underlying
these views could produce materially different results. The
analyses, opinions, estimates, forecasts, and other views
published by the ESR Group represent the views of that group
as of the date indicated and do not necessarily represent
the views of Fannie Mae or its management.
Fannie Mae helps make the 30-year
fixed-rate mortgage and affordable rental housing possible
for millions of Americans. We partner with lenders to create
housing opportunities for families across the country. We
are driving positive changes in housing finance to make the
home buying process easier, while reducing costs and risk.
To learn more, visit fanniemae.com and follow us on
twitter.com/fanniemae.
https://c212.net/c/img/favicon.png?sn=CL605
0&sd=2019-02-21
View original
content:http://www.prnewswire.com/news-releases/fannie-mae-ho
ds-2019-forecast-steady-at-2-2-percent-growth-and-one-fed-rat
-hike-300799345.html
SOURCE Fannie Mae
No, good amount of shares there, but some big buys are keeping the price up.
He has to be working for the banks
What would Bernie Sanders do with FnF? He claims he is going to “fix” the “broken” economy.
It’s brilliant. He gave congress two years to take care of this (not to mention many years before his presidency) and they did nothing as usual. So now he has justification to take care of it. Same goes with the border crisis.
The only thing he’s riding is the FNMA Cleveland Steamer
Someone tell public citizen to calm down. The pps would be much much higher if that were true. In the teens or twenties.
Wow you’re really clay trader?!
He knows about support and resistance right Rick? lol
Look at that volume, nice
Breaking the 2.68 resistance?