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.
Hadn't really posted anything in awhile. Was reading yahoo this morning during chemo and saw that "Big W" was out buying yesterday. What he was buying seems to be the loose end.
http://finance.yahoo.com/news/buffett-bought-stocks-wednesdays-big-134631323.html
TD
I am trying to follow your post. Could you explain how this hurts the fairholme case?
Born in Houston, raised in Galveston, live in Quinlan
Dusty Rhodes would be proud...... Here comes the atomic elbow. :)
955 - Always enjoy your posts. Interested in your opinion/input on the PROPOSED order for the Perry suit.
https://timhoward717.files.wordpress.com/2014/06/314-perry-proposed-order-2.pdf
So a public discovery is proceeding in waves for docs prior to Aug 17, 2012 and a non public discovery is to proceed for docs after Aug 17, 2012? Sounds like discovery is moving forward....
I think you just described the Congress of the United States....
Mortgage applications unexpectedly jump 10% for week
http://www.housingwire.com/articles/30280-mortgage-applications-unexpectedly-jump-10-for-week#.U5hUDueOt-8.twitter
After weeks of steady declines and levels well below originations the same time last year, mortgage applications jumped a surprising 10.3% from one week earlier, according to data for the week ending June 6 from the Mortgage Bankers Association.
The previous week’s results included an adjustment for the Memorial Day holiday.
The Market Composite Index, a measure of mortgage loan application volume, increased 10.3% on a seasonally adjusted basis from one week earlier.
The Refinance Index increased 11% from the previous week. The seasonally adjusted Purchase Index increased 9% from one week earlier. The unadjusted Purchase Index increased 19% compared with the previous week and was 13% lower than the same week one year ago.
“The jump in applications shows folks are taking notice of rates near six-month lows,” said Quicken Loans vice president Bill Banfield. “The jump in purchase applications is especially good to see, as homeowners may finally be getting comfortable putting their home on the market with the level of inventory they see around them.”
The refinance share of mortgage activity increased to 54% of total applications from 53% the previous week. The adjustable-rate mortgage share of activity remained unchanged at 8% of total applications.
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($417,000 or less) increased to 4.34% from 4.26%, with points increasing to 0.16 from 0.13 (including the origination fee) for 80% loan-to-value ratio loans. The effective rate increased from last week.
The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $417,000) increased to 4.27% from 4.22%, with points increasing to 0.12 from 0.11 (including the origination fee) for 80% LTV loans. The effective rate increased from last week.
The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 4.06% from 3.99%, with points increasing to -0.03 from -0.46 (including the origination fee) for 80% LTV loans. The effective rate increased from last week.
The average contract interest rate for 15-year fixed-rate mortgages increased to 3.43% from 3.39%, with points increasing to 0.22 from 0.07 (including the origination fee) for 80% LTV loans. The effective rate increased from last week.
The average contract interest rate for 5/1 ARMs increased to 3.18% from 3.11%, with points increasing to 0.35 from 0.05 (including the origination fee) for 80% LTV loans. The effective rate increased from last week.
I tried to post the article at 1:54 cst to warn what was in the wild. The mods considered the article off-topic and denied the post. Maybe the shorter is one of the mods. If you don't have a seeking alpha subscription, you should sign up for it and have articles on trtc emailed to you. This is the OTC.
S&P: Fannie, Freddie needed to sustain housing rebound
http://www.washingtontimes.com/news/2014/jun/3/sp-fannie-freddie-needed-sustain-housing-rebound/
“We believe this shift will contribute to further entrenching the role Fannie and Freddie play in U.S. housing finance and bolster their role in government policy,” said Standard & Poor’s credit analyst Matthew Albrecht.
Read more: http://www.washingtontimes.com/news/2014/jun/3/sp-fannie-freddie-needed-sustain-housing-rebound/#ixzz33c499XTP
Follow us: @washtimes on Twitter
Not sure if it has been posted or not - sharing
Shelby says HE OPPOSES if I heard him right
I thought that was a strong point...
I also liked his point that FnF are trying to increase credit to credit worthy borrowers....
FnF has to help get the housing market going and it sounds like he knows it...
Maintain....
Reduce....
Build.....
Buy....buy....buy....buy.....buy....
Work to conserve and preserve FnF assets....
The role of FHFA is to manage FnF in the current state...
Conservatorship should never be viewed as a permanent condition....
Congress to decide on housing finance reform.....
Releasing new plan for conservator ship for FnF
Maintain
Reduce
Build
The math is most likely jacked up from all the legal settlements they have been having to claim as revenue covering up the crime of the century.....
Oh lord.... The OTC is going to break again today..... :)
Bill Ackman's presentation from yesterday at Ira Sohn Conference. Good stuff.
http://online.wsj.com/public/resources/documents/IraSohnAckmanPresentation.pdf
Here is the CNBC link to the Ackman interview this afternoon:
http://video.cnbc.com/gallery/?video=3000272606
That is interesting Blanka about the increases. I live in Texas and got my home estimate for taxes yesterday and my home value increased 38k from the previous year and I live in a farming community. Has never increased by that much.....
Eddie's Last Day Today???
http://realestate.aol.com/blog/2014/03/24/edward-demarco-leaving-fhfa-april/
Johnson speaking.... No vote.... We just jumped a nickel....
No vote!!!!!!!!!
Check Dodd-frank for more info
Systematically important financial institution
Government can't agree if fannie and freddie will cost taxpayers 19 billion or make 181 billion... really?????
http://www.washingtonpost.com/blogs/wonkblog/wp/2014/04/17/the-government-cant-agree-if-fannie-and-freddie-will-cost-taxpayers-19-billion-or-make-181-billion/
Who goes to jail??
Take the time to review this story
http://www.democracynow.org/2014/4/15/who_goes_to_jail_matt_taibbi
A4R = Kim Jung Ill
Cuspid # on filing looks like symbol FMCCH as the entity invested in.... Closed at $16.70 today... They have a 15 mill investment at the moment
Been asking that question for awhile now actually....
Saw this on USA today last week at the hotel
http://americasmarkets.usatoday.com/2014/04/02/is-a-1987-type-market-crash-37-days-away/
Cargill 11.6% stake in Fred Preferred's
http://www.sec.gov/Archives/edgar/data/1026214/000117266114000877/fmcch033114.htm
CarVal investors - the credit investment unit of commodity powerhouse Cargill - reports an 11.6% stake in one of the classes of preferred stock of Freddie Mac
Yep... Watching it via internet explorer
Heard the same on radio in Dallas this morning... Also described waiting on seven other lawsuits...
Sorry for the rookie question... What is SA defined as?
In the words of MB.... "All hail ARCA"
:)
Hey Rick.... When do you have to cover?
Hey Bruce! This is what the sale price is... hint... hint....
Asinine
Robot
Cheating
All