something me and you share , fun.
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.
this stock will test 2.10$ this week! good luck
Monday open 2.10$ test Ackman!
Arkman almost got a heart attack! 1.6$ he will
maybe 1.50$ today
i said 3$ pls all respect
open 3$ a sha tomorrow
ok buy back at 2$
Sell sell sell
Friday Sellllllllllll all...Monday open buy
Test 3.50$
SELLLLLLLLLL.....-- The Washington Post
Freddie Mac to pay U.S. Treasury $4.5B
NEW YORK -- Freddie Mac will pay the U.S. Treasury a dividend of $4.5 billion next month after its profit more than doubled in the last quarter.
The government-controlled mortgage company has paid the Treasury more than $101 billion in dividends since receiving $71.3 billion in bailouts from the government between 2008 and 2012.
Freddie Mac, the Federal Home Loan Mortgage Corp., buys mortgages from lenders, packages them into bonds, guarantees them against default and sells them to investors. It does not make loans to homebuyers directly.
The McLean, Va., company reported net income of $4.85 billion in its fourth quarter, compared with $2.16 billion in the same period a year before.
For 2016, it reported net income of $7.82 billion, up from $6.38 billion in 2015.
http://www.arkansasonline.com/news/2017/feb/17/business-news-in-brief-20170217/?f=business
With FHA rate cut off, Trump's policy for housing blurry
The Department of Housing and Urban Development cited the need for further analysis to protect taxpayers in halting the policy that would have saved FHA borrowers as much as $1,000 or more a year.
But the move by the FHA's parent agency, which overturned a decision the Obama administration had made on its way out the door, could signal something else: a new conservative bent to the nation's housing policy.
Guy Cecala, publisher of Inside Mortgage Finance, which tracks the residential mortgage market, noted that past administrations have tweaked the premium rate as they sought to either draw more people into the program or drive them away.
"Over the years probably half the changes in the program have been political," he said.
And there could be more ahead. Trump's nominee for HUD secretary, Ben Carson, during his confirmation hearing a week before the inauguration, signaled in an exchange with a Republican senator that he might be open to some housing policy changes.
"Taxpayers are on the hook for $1.2 trillion worth of mortgages," said Sen. Pat Toomey, R-Pa., referring to the total volume of FHA-backed home loans. "All the while there is a private industry in the business of insuring mortgages."
http://www.nwaonline.com/news/2017/feb/17/with-fha-rate-cut-off-trump-s-policy-fo/
Court ruling today? If not sell sell sell have a good weekend!
Don’t Hold Your Breath on Fannie Mae and Freddie Mac
Definitive action on these companies remains a long way off
By AARON BACK
Updated Dec. 4, 2016 2:31 p.m. ET
Holders of shares in Fannie Mae and Freddie Mac were thrilled at comments by Donald Trump’s choice for Treasury secretary. They should calm down. Definitive action on these companies remains a long way off, and the interests of shareholders aren’t high on the agenda of policy makers.
https://www.wsj.com/articles/dont-hold-your-breath-on-fannie-mae-and-freddie-mac-1480878666
Motley Fool: Is Fannie Mae really a $50 stock?
Other than the U.S. Government, Ackman's Pershing Square hedge fund is the single largest holder of Fannie Mae and Freddie Mac's common stock. So, obviously he thinks there is value in the companies. However, even the most bullish of shareholders may not quite share his latest sentiments.
Speaking at the Invest for Kids Conference in Chicago, Ackman said the shares could be worth $40-$50 if the government allows the agencies to begin distributing profits to shareholders. (Both companies' stocks trade in the low $2 range right now.) He also called Fannie and Freddie the "most interesting risk/reward of anything we own."
He seems to be so convinced that shareholders will ultimately prevail because the government's seizing of Fannie and Freddie's profits is an example of the government taking private property. And he finds it inconceivable that such an action could hold up in court.
http://www.usatoday.com/story/money/2014/11/15/is-fannie-mae-really-a-50-stock/19029321/
wow....If it go low than 2.30$ you should sell it....thank you!
If You Go Long Fannie and Freddie, You’ll Lose
If you’ve been following the F&F debacle, you recall that in 2012, the government made the decision to start collecting nearly all of Fannie and Freddie’s profits every quarter – an arrangement that “systematically drained these entities of all value, leaving in its wake two unsound and insolvent zombies-a golden goose for the Treasury and utterly worthless for the individuals and institutions who in good faith invested in them,” according to attorney Theodore B. Olson, who represented Perry Capital, one of the plaintiffs in the ongoing court proceedings.
Any investors who buy F&F now are banking on the fact that the government repeatedly lied in court and court filings – most notably, about the fact that they actually knew Fannie and Freddie were on the road to recovery when they began re-routing funds. (Treasury officials claimed the amendment that allowed them to commandeer Fannie and Freddie’s profits was initially put in place to avoid a “death spiral,” but unsealed documents show that they knew exactly what they were doing.)
In total, there are over 11,000 of these documents available in a case proceeding through the Federal Court of Claims (Fairholme Funds, Inc. et. al., v. The United States), showing that the government lied about its 2012 restructuring of its relationship with F&F.
The Court of Claims case is separate from the one brought in Judge Royce Lambeth’s court where Judge Lambeth ruled against shareholders claiming they were wrongfully deprived of the companies’ profits by the 2012 deal that directed all profits to be paid to the government. That case is now being appealed while the Court of Claims case proceeds.
Arguments for why the government will lose are not based on any solid data, but on the fact that these cases will be tried in the court of public opinion, and that, in the best of all possible worlds, “justice” and “common sense” will triumph.
Justice and common sense aside, the most compelling defense argument the government has is that it had a right to take the profits in the first place. It was not “stealing” from investors; it was using its own property.
The government (i.e. the American people) are entitled to the profits rather than investors who were nowhere to be found when Fannie and Freddie needed a bail out in 2008. The fact that the government lied about what it did does not change the fact that it had the right to take those profits, but the dishonesty highlights the ongoing crisis of leadership in this country and the inexcusable complacency of the citizenry.
Of course, the government’s plan to sweep all of these companies’ profits was foolish. Their period of profitability has come to an end and Fannie and Freddie find themselves with no capital, an intolerable situation. If (when) the U.S. housing market weakens again, the government will be back writing checks. (At some point, you would think our political leaders would be embarrassed by their actions but apparently they are immune to such feelings. When Donald Trump calls our leaders incompetent and stupid, he is right and he can point to the handling of Fannie and Freddie as Exhibit 1.)
The evidence showing that the government lied about Fannie’s and Freddie’s financial condition in 2012, portraying it as much worse than it was, certainly opens the door for a settlement. But it does not mean the government will lose its case. And any bet that it will do so is profoundly misguided.
http://suremoneyinvestor.com/2016/05/if-you-go-long-fannie-and-freddie-youll-lose/
A federal appeals court ruled Monday that the Treasury Department will have to hand over more documents to investors of Fannie Mae and Freddie Mac related to its profit sweep of the two government-sponsored enterprises.
Under the 2012 agreement, the GSEs must hand over all profits to the U.S. Treasury, but investors have sued the government, claiming that arrangement is illegal.
The Federal Housing Finance Agency and Treasury Department have provided the investors with more than 48,000 documents related to the sweep agreement, but have so far successfully held back other documents it claims are too sensitive to release. On Monday, an appeals court upheld a lower court ruling to release 50 of the remaining 58 net worth documents.
It's not clear what the documents will reveal, but attorneys for the investors praised the ruling.
"The Appeals Court declared that the government can keep only four under 'presidential privilege' and four under 'deliberative process privilege away from shareholders' lawyers," wrote Investors Unite, a group representing the investors, in a press release.
The Treasury Department could not be reached for comment.
http://www.nationalmortgagenews.com/news/compliance-regulation/appeals-court-rules-against-treasury-in-gse-case-1095997-1.html
The White House is considering a Fannie Mae exec to take over at the Consumer ... A recent court ruling found that the CFPB's structure was ...
The White House is considering a Fannie Mae exec to take over at the Consumer Financial Protection Bureau, according to a CNBC report.
Citing sources familiar with the matter, CNBC reported that the Trump Administration is considering Brian Brooks – currently general counsel for Fannie Mae – to head the CFPB if and when President Donald Trump fires current CFPB Director Richard Cordray.
Brooks has close ties to Treasury Secretary Steve Mnuchin, according to the report, having represented several investors in Mnuchin’s purchase of failed subprime lender IndyMac in 2009. After the purchase, Brooks joined the bank – renamed OneWest – as vice chairman. He left OneWest for Fannie Mae in 2014.
http://www.mpamag.com/news/fannie-mae-exec-on-shortlist-to-replace-cordray-59946.aspx
Honestly that for new players , bc Ackman bought at 1.66$ .With you and me keep add more ! lol
..we are waitingfor court ruling ... Court Orders Justice Dept. to Release Fannie Mae and Freddie Mac Documents
https://www.nytimes.com/2017/01/30/business/fannie-mae-freddie-mac-fairholme-appeal.html
If you are new this FnF do not buy it !
my good guess is 3 yrs and 6 months before Stump will step down...bc no one say no to money! Only hope they not keep do wrongdoings for their self! GL
sell on news ? ha ha
Pain and more painful! I don't give to much Hope and SA not very trustworthy...40% is right
Summary
It has been a great year for Fannie and Freddie so far.
With Mnuchin's confirmation last night, the path is clear for a recapitlization.
Could we see a change to the net worth sweep as early as Friday of this week?
http://seekingalpha.com/article/4045788-fannie-mae-earnings-mnuchin-confirmed-get-surprise
only few guys on the top mountain end of story lol!
Treasury Secretary Steven Mnuchin: 3 Things to Know
http://www.foxbusiness.com/markets/2017/02/13/treasury-secretary-steven-mnuchin-3-things-to-know.html
no i need i go down for good
so i have to make every one sale all before i buy right? 2mil shares @ 1 c
ok can anyone tell me something? why i should buy GEQE?
Sell Sell Sell
Stock up and down FAITH "government not illegal's taking private property ".... Great again!
high limit player ! GL ....same boat here
Buy buy buy
lol sell sell sell
sell sell sell
That sounds good but stupid!
all in , hold and sleep on it!!!! Good luck https://www.thestreet.com/story/13982425/1/privatizing-fannie-and-freddie-yields-3-investment-opportunities.html