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A. The Mulvaney bill will never receive enough support in the House, so DOA in other words. But let's entertain your thesis a bit further just for fun, shall we?
B. Even if the bill did somehow miraculously make it through Congress then GREAT!!! That's a huge win across the board for shareholders (and homeowners nationwide) because a return of capital retention conversion = pps target in $23 - $47 range.
C. You just referenced 2008, Carney math, and "boatload ipos" (lol) in your nonsensical deduction.
D. Share price history has no bearing on converting the warrants or vice verse and on September 6, 2008 the market was closed. Not that that even matters.
Thus, literally everything about your post was 100% fiction.
Prob flagged for this but it's Friday and you know what? I can't wait for Monday's news ; )
https://soundcloud.com/unlikepluto/diplo-revolution-unlike-pluto-remix-1
Fannie Mae's new website speaks volumes.
Corky ticket will never get punched--valid enough to bring up but the posturing more just free media for the Donald over any realistic evaluation of Mr. tennesee 2 step. IMHO naturally.
Fair assessment. I was thinking $9 and $6. Bet it comes down before Memorial Day too IMHO.
GAPPING UP IN PREMARKET!$!!$$!! $FNMA
Q: WHAT COMPANY DECIDES TO HAVE A NEW HQ BUILT IN DOWNTOWN DC WHERE THEY'll PAY A BREATHTAKING $38 MILLION A YEAR IN RENT??? A: One that's about to be released from conservatorship.
JMHO.
"Fannie Mae has agreed to pay about $38 million a year in rent for its planned home at Midtown Center, the 862,000-square-foot mixed-use project being built on the site of the Washington Post's former headquarters at 15th and L streets NW, in what many are calling the biggest private sector lease in D.C.'s history."
Google it.
"FANNIE MAE & FREDDIE MAC TO BE RELEASED FROM CONSERVATORSHIP"
....will be the headline you'll read on the day that that happens and it could happen at any time. Truly, courts aside THAT could happen with zero warning. The buys that day will be breathtaking. Shorting this stock is a very dangerous game right now. Just my honest opinion.
Sorry, a housing wire article from 2012 about Romney/Ryan campaign isn't "exploding myths" (lol) any time soon. Fastforward 2 years to 2014 and Paul Ryan keeps Fannie and Freddie in his budget. Fast forward to now and everyone mentioned in that article has entirely different roles including the reporter. Irrelevant.
Hello--> "The first phase of Midtown Center is slated to deliver in late 2017, with Fannie Mae completing its relocation from 3900 Wisconsin Ave. NW and several other buildings in early 2018."
http://www.bizjournals.com/washington/breaking_ground/2016/05/carr-sets-transformation-of-15th-and-l-streets-in.html
Carney sounds like an angry 4 year old on Twitter right now, stomping his feet and whatnot lol. Of course, he won't talk about the billions of lobbying dollars banks spent over the last decade. This is what early victory smells like btw ; )
It's not about a bill it's about a shifting of public opinion to end the sweep, but I think you know this ; ) Further, the article you reference is 4 years old. AKA 100% irrelevant but A for effort.
"Ending the Third Amendment Sweep would allow the GSEs to rebuild capital and would put them in position to absorb future losses, instead of needing another draw from the government." - So says basically everyone now. Just a matter of time and that day soon #JMHO
http://www.housingwire.com/articles/37023-conservative-groups-join-growing-push-to-recapitalize-fannie-mae-freddie-mac
Jonathan Turley, a lawyer for the House, said the ruling shows that the President's signature health care law "violated the Constitution in committing billions of dollars from the United States Treasury without the approval of Congress."
http://www.cnn.com/2016/05/12/politics/obamacare-court-challenge-republicans/
*Do I need to state the obvious here?
This isn't just some dick bove article or reverse WSJ pump coming up here folks--private capital, not all players mind you, but many, MANY BIG BOYS JUST LURKING, JUST WAITING TO POUR INTO THIS PUPPY the very second they catch wiff of REAL NEWS on gov egress/the making of...the preceding was just my honest opinion. Nada mas
All due respect, 6 bucks will be gone like a fart in the wind in literally minutes. Talking 30-40% gains before you can pull your phone out and logon. The Fannie will rise my friend. <--Just my honest opinion, nothing more. #BTDT $FNMA
Pure manipulation last hour of trading. These 1.80s are going to be a good "remember when" story when this puppy hits 9 dollars going into Memorial Day Weekend and that is JUST MY HONEST OPINION FOLKS, WATCH!$!$!!
I see GREEEEEEEENNNNNNN!!$!$$$!!! 3 dollar holla = JMHO!
$2.11 just printed something is clearly UP!!!$!$$ JMHO! $FNMA
Folks, it's been said that yarney is wall street's answer to Giuliana Rancic. Grain of salt people. Hashtag ascending triangle $FNMA
Lets go Freddie!!!$!$$! "Freddie previously has paid $98.2 billion in dividends, exceeding its government bailout of $71 billion." http://goo.gl/VNtzjK
Look, in MY honest opinion, nobody is going to "wind down" (can't believe some people on here are STILL opining on this) an entity that provides more than $516 BILLION in liquidity to the mortgage market, sorry that ship has sailed and we've all seen the failed rounds or legislation over the last 3-4 years. Single family business, multi family business, debt securities, mortgage-backed securities, single security and csp, loan performance data, credit risk sharing, non-performing loan sales, shall I go on!?!!? And that's just Fannie not to mention Freddie. It's easy to forget that when one is in inundated with OPINION-of-the-month pieces on Fannie's supposed forthcoming demise. Don't make me quote warren. Happy Friday!
Ladies and gentlemen, the Captain has turned on the Fasten Seat Belt sign. If you haven’t already done so, please stow your carry-on luggage underneath the seat in front of you or in an overhead bin. Please take your seat and fasten your seat belt. And also make sure your seat back and folding trays are in their full upright position as we begin our ascent TO DA MOON!!! #IMHO ; ) See some old peeps see some new, cheers gents!
Watt says in this WSJ article from this weekend that conservatorship release basically 2-5 years out. Guess it makes sense now why berkowitz reduced his position. We may travel back down to $3.70 or lower this week IMO.
Looks like we will fall below $4 again. Oh well.
"FHFA’s Watt Says He’s Not Worried About Fannie-Freddie Investors"
http://mobile.bloomberg.com/news/2014-05-17/fhfa-s-watt-says-he-s-not-worried-about-fannie-freddie-investors.html?cmpid=yhoo
This is NOT good--> Fairholme’s Berkowitz Trims Holdings of Fannie, Freddie.
http://mobile.bloomberg.com/news/2014-05-15/fairholme-s-berkowitz-reduces-his-holdings-of-fannie-and-freddie.html?cmpid=yhoo
We broke 4.30 support looks like we will be revisiting 3.90 range tomorrow if not 3.70 IMO.
Looking to retrace down to $4.14 gap if Johnson crapo passes tomorrow IMO. Hope not but that gap needs to fill.
C-SHIP RELEASE!!! Via Bloomberg this morning: "In his speech, Watt is expected to outline a broad series of new policies governing the two mortgage-finance companies."
$12 PPS target by close IMO.
OH SH$T!!!!!!!!!!!!!!!!!!!!!!!!!!!!
I remember May of last year. I, like a number of other longs on here have followed this for 365 plus days---everyday---and have become so in tune with housing and mortgage finance and all the bs that comes with it we could probably do consultant work. Now we are full circle and guess what? There is nothing else in the way. And Tuesday will be a game changer. Point blank. Think otherwise? You're wrong. Simple as that. GLTYA.
"There is no inherent duration in a conservatorship. The organic statute or order creating the conservatorship defines its goals, operations, and conditions for existence, differing from the FDIC receivership context, which does not anticipate a return to business. In this case, the Federal Housing Finance Agency has stated that the conservatorship will terminated upon successful completion of its plan to restore the companies to safe and solvent condition (“Fact Sheet – Questions and Answers on Conservatorship”. http://www.fhfa.gov/webfiles/35/FHFACONSERVQA.pdf)
$FNMA $FMCC
HUGE BLOCK BUYS GOING THROUGH HERE COMES SEVE...oh wait, dozed off and thought it was Monday for a second ; )
FNMA SHOWING ON NASDAQ MOVERS???!!!!?!!!!??!!!! UPLISTING IMMINENT??!!!!!!???!!!!!!!!!!!!!
$4.30 premarket!!$$!!! About to rip past $5 at the open BURN SHORTIES BURN!!!!! Hahahahhahahaha GET SOME FANNIE MAE!!!!!!
Whoaaaaaa AGGRESSIVE BUYING going on this is set to go much higher today IMHO. $FNMA
Fannie Mae has confirmed earnings release on or before the 12th--add in Watt conference to the mix on the 13th and we are looking at $20 plus sooner than most people on here think IMO!!!!!$$$!!!!!$$!!! Ackman taking the gloves off at Sohn conference yesterday was a clear signal IMO.
It's crystal clear that fannie and Freddie are not weeks but DAYS away from being released from conservatorship given the rather large knot in WSJ's panties as of late. Lol