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Then we go up
$1.87 is key or we touch the 200 day
Someone is accumulating keeping price down after slowly buying. Ok be seem these all price bumps and then take downs thrn back up. Right range. Could mean good things coming. Good luck everyone
I want my $4.00 back... Patiently waiting since 2013. We will get there.
Volume is so low. Lowest I've seen.
$2.00 today
Did anyone read the Forbes article today? Whenever I opened it it said 404 error. Titled: Will FNMA and FMCC Bring Extraordinary Returns to Investors This Summer?
Action is starting up...wait for the pop
Republican Platform Softens Stance on Winding Down Fannie, Freddie
http://www.nationalmortgagenews.com/news/compliance-regulation/republican-platform-softens-stance-on-winding-down-fannie-freddie-1082759-1.html
Nothing
Looking forward to breaking $2.72 the 52 wk high. Wait for it.
Fannie and Freddie hold more than 90% of all single family mortgages.
What's the next step in Sweenys court?
Some organic blueberries
Here we go
This letter isn't that great. Says same shit until congress does something
She's a beaut Clark
Good good good
Stay strong. Remember Fannie likes to drop it and then rock it.
I predict a dip then rip kind of day
Maybe today
It was showing .001
80,000...
My measly 22,500 share buy moved the price from 2.17 to 2.19 today. It wouldn't fill for awhile and kept moving up w each block.
Federal Watchdog Criticizes Building Costs of Fannie Mae Headquarters
Federal Housing Finance Agency’s inspector general says expenses a ‘significant financial and reputation risk’ to the government mortgage lender
By Gabriel T. Rubin
June 16, 2016 12:01 a.m. ET
A federal watchdog sharply criticized the ballooning construction costs of Fannie Mae’s headquarters, saying the expenses pose a “significant financial and reputation risk” to the government mortgage lender.
The report by the Federal Housing Finance Agency’s inspector general states that no one at the FHFA was aware of rising cost estimates for Fannie Mae’s new headquarters in downtown Washington, D.C. Between January 2015 and March 2016, the estimated cost jumped 53% to $253 a square foot from $164. An FHFA employee said he was made aware of a May 2016 revised estimate of $223 a square foot, representing a $36 million increase from the initial estimate.
Those costs are for the building’s construction, initially calculated at about $115 million. Fannie Mae’s 15-year lease of the property was valued at $770 million at the project’s outset.
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The OIG report also takes issue with the building’s design, questioning whether certain features like spiral staircases and three enclosed glass bridges linking two towers are “appropriate for an entity in conservatorship.”
As the conservator of Fannie Mae, the FHFA is responsible for overseeing its move from several buildings in Northwest Washington to a single downtown location, on the site of the former Washington Post building.
FHFA Director Melvin Watt rebutted the report’s main claims, saying that Fannie’s planned move shouldn’t be seen as anything but “a sound business decision” and that the process has been fully vetted by his agency. A rise in construction costs should also not be seen as surprising, he wrote, given that “the cost of any construction project is inherently dynamic.”
He also took issue with assertions that the building was extravagant, arguing that spiral staircases “take up significantly less space than regular staircases” and that the glass bridges “facilitate employee collaboration.”
Under terms of the conservatorship, all of Fannie Mae’s profits go to the Treasury Department. Given that arrangement, the OIG report states, “unnecessary spending by Fannie Mae may be seen as moneys that out to have been swept to the U.S. Treasury as a dividend for the $116.1 billion investment by U.S. taxpayers.”
Mr. Watt strongly rejected that claim. “This assertion is based on a faulty assumption…that the Enterprises lack motivation to control their expenses,” he wrote. Nonetheless, he promised to accept the OIG’s recommendations to review the project and “implement them to the extent that we are not already doing so.”
Write to Gabriel T. Rubin a
Frock stop this down turn
Bounce
Low volume take down?
The largest overall holder of Fannie Mae shares is the mutual fund manager company Fairholme Capital Management, LLC. Fairholme mutual funds held a total of 12.658 million Fannie Mae shares as of February 2016.
Read more: The Top 5 Fannie Mae Shareholders (FNMA) | Investopedia http://www.investopedia.com/articles/insights/060816/top-5-fannie-mae-shareholders-fnma.asp#ixzz4B06zKFvA
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Day before my birthday!
You still holding?
Glad to be back in the 2.30's. Loved seeing 2.48 today. Let's run this thing back to 4
When was this made public?
Oh what does my crystalball see this week...I want to say $3.25 but that's 40%.... Not sure.... but Sweeney did say all documents now!!!!
Great week everyone! Happy for those who stuck it out and added in the 1's.
Cool down
450,000 share buy 2.30