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Sirius XM Holdings May Pay $100 Million In Turtles' Suit $SIRI
http://www.seekingalpha.com/article/4027338
Identifying The Winners In The Low Fare Transatlantic Air Fare Battle $AAL
http://www.seekingalpha.com/article/4027052
AT&T: Yeah You Might Wanna Buckle Up For This $T
http://www.seekingalpha.com/article/4026967
U.S. airlines start flying into Havana
http://www.seekingalpha.com/news/3227145
FHFA boosting loan limits for first time since crisis
http://www.seekingalpha.com/news/3226763
GSE Climate: Government Can't Appeal When There Is No Ruling $FNMA
http://www.seekingalpha.com/article/4025852
Which Of The Busted Fannie Mae Preferreds Are Better Buys? $FNMA
http://www.seekingalpha.com/article/4025641
Fannie Mae: Accounting Shenanigans $FNMA
http://www.seekingalpha.com/article/4025572
Surprise! Buffett Books A Flight On Airline Stocks $AAL
http://www.seekingalpha.com/article/4025420
AT&T-Time Warner Deal Is Great For Long-Term AT&T Shareholders But Royally Screws Time Warner Investors $T
http://www.seekingalpha.com/article/4025207
Fannie And Freddie, The Rule Of Law, The Rule Of Man, And Restructured Future $FNMA
http://www.seekingalpha.com/article/4025173
The Cost Of Waking Up From Fannie's Seizure $FNMA
http://www.seekingalpha.com/article/4025011
Airline stocks now a favorite of Citi too
http://www.seekingalpha.com/news/3225758
Do we know When the effective date?
• U.S. air fares fell back 2.2% M/M in October, according to data compiled by the Bureau of Transportation Services.
• The fall is the third time in the last four months that fares have dropped. On an unadjusted year-over-year comparison, fares were down 5.2% during the month.
• The lower level of fares will factor into the hyper-watched revenue per available seat mile metric.
• BTS data
• Related ETF: JETS.
• Related stocks: ALGT, JBLU, SAVE, VA, LUV, DAL, AAL, UAL, HA, SKYW, ALK.
For sure. 50/50 chance. Just went the other way
Does this mean upon coming out of bankruptcy they will do away with our shares and create new ones without us getting any in return?
Does this mean upon coming out of bankruptcy they will do away with our shares and create new ones without us getting any in return?
Post it
Trump And The Friends Of Fannie Mae And Freddie Mac $FNMA
http://www.seekingalpha.com/article/4023885
Trump Will Not Block The AT&T Acquisition Of Time Warner $T
http://www.seekingalpha.com/article/4023925
Trump And The Friends Of Fannie Mae And Freddie Mac $FNMA
http://www.seekingalpha.com/article/4023885
Warren Buffett Is Buying American Airlines - Should You? $AAL
http://www.seekingalpha.com/article/4023853
GSE Call Friday, FHFA's Report, Prior CFO And New Appeal $FNMA
http://www.seekingalpha.com/article/4023841
The Best Acquisition We've Seen In 2016 $T
http://www.seekingalpha.com/article/4023657
Safety is number 1
PPS looking really good here
Fannie Mae Prices $1.03 Billion Multifamily DUS REMIC (FNA 2016-M12) Under Its GeMS Program
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11:25 AM ET 11/15/16 | PR Newswire
Fannie Mae (OTC Bulletin Board: FNMA) priced its tenth Multifamily DUS(R) REMIC in 2016 totaling $1.03 billion under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS(TM)) program on November 3, 2016.
"We chose to bring our November deal as early as possible - before any potential market-moving macro events," said Josh Seiff, Fannie Mae's Vice President of Capital Markets and Trading. "The seven- and ten-year bonds cleared quickly at our initial price talk, though the investor base was a bit less broad than it has been recently. We expect to be in the market with one more deal before the New Year, likely timing is early December."
All classes of FNA 2016-M12 are guaranteed by Fannie Mae with respect to the full and timely payment of interest and principal. The structure details for the multi-tranche offering are in the table below:
View data
Class Original Face Weighted Coupon (%) Coupon Type Spread Offered Average Life Price AV1 $25,000,000 5.83 1.998 Fixed Not Available Not Available AV2 $193,759,658 6.78 2.308 Fixed/AFC S+52 102.00 X1 $218,759,658 6.19 0.075 WAC IO Not Offered Not Offered A1 $101,371,000 5.80 2.132 Fixed S+56 101.00 A2 $614,191,120 9.70 2.449 WAC S+70 101.00 AB1 $13,823,000 5.80 1.931 Fixed Not Available Not Available AB2 $83,753,653 9.70 2.362 Fixed/AFC S+73 99.75 X2 $813,138,773 8.72 0.084 WAC IO Not Offered Not Offered Total $1,031,898,431
View data
Group 1 Collateral UPB: $218,759,658 Collateral: 17 Fannie Mae DUS MBS Geographic Distribution: FL (31.0%), CA (22.4%), NC (15.4%) Weighted Average Debt Service Coverage Ratio (DSCR): 1.96x Weighted Average Loan-to-Value (LTV): 65.8% Group 2 Collateral UPB: $813,138,773 Collateral: 44 Fannie Mae DUS MBS Geographic Distribution: TX (20.9%), GA (18.4%), FL (11.8%) Weighted Average Debt Service Coverage Ratio (DSCR): 1.50x Weighted Average Loan-to-Value (LTV): 69.3% Settlement Date: November 30, 2016 Lead Manager: BofA Merrill Lynch Co-Managers: Goldman, Sachs & Co. Jefferies LLC Mischler Financial Group
For additional information, please refer to the Fannie Mae GeMS REMIC Term Sheet (FNA 2016-M12) available on the Fannie Mae GeMS Archive page on www.fanniemae.com.
Certain statements in this release may be considered forward-looking statements within the meaning of federal securities laws. In addition, not all securities will have the characteristics discussed in this release. Before investing in any Fannie Mae issued security, you should read the prospectus and prospectus supplement pursuant to which such security is offered. You should also read our most current Annual Report on Form 10-K and our reports on Form 10-Q and Form 8-K filed with the U.S. Securities and Exchange Commission ("SEC") available on the Investor Relations page of our Web site at www.fanniemae.com and on the SEC's Web site at www.sec.gov.
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.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/fannie-mae-prices-103-billion-multifamily-dus-remic-fna-2016-m12-under-its-gems-program-300363296.html
SOURCE Fannie Mae
Buffett's Berkshire Invests in Airlines -- 2nd Update
Source: Dow Jones News
By Doug Cameron and Nicole Friedman
Warren Buffett's Berkshire Hathaway Inc. slashed its investment in the world's biggest retailer and placed fresh bets on three big US airlines.
Berkshire Hathaway said in a regulatory filing that it had taken stakes in American Airlines Group Inc., Delta Air Lines Inc. and United Continental Holdings Inc., with the latter scheduled to hold its investor day on Tuesday. Two of the Berkshire stakes each totaled less than $500 million while that in American was almost $800 million. Meanwhile, Berkshire cut its holdings in Wal-Mart Stores Inc. by nearly 70%, leaving it with 13 million shares in the retail giant at the end of the third quarter.
Mr. Buffett told CNBC that Berkshire had also taken a stake in Southwest Airlines Co. A Southwest spokesman Monday declined to confirm any investment by Berkshire.
The airlines' shares rose in after-hours trading. American gained more than 3% while Delta and Southwest both added more than 2%. United was 1.7% higher.
It wasn't clear if the decision to invest in airlines came from Mr. Buffett or one of his stock-picking lieutenants. Mr. Buffett famously derided investing in airline stocks after suffering initial losses from a foray into what was then known as USAir back in 1989.
Shares of airlines fell in the first half of the year before recovering from lows in the summer. For the year, the Dow Jones U.S. Airlines index is up 0.7%
Investor sentiment toward U.S. airline stocks has improved as carriers indicated that a prolonged slide in fares, which had hit profits, was set to ease early next year.
Cheap jet fuel has encouraged airlines to add more flights. That, combined with a series of fare wars, has left the closely watched measure of revenue per available seat mile in negative territory for more than a year. Delta and other carriers expect this to turn positive early in 2017.
Berkshire owns other aviation-related businesses, including NetJets Inc., which sells fractional ownership in private jets, and training company FlightSafety International Inc. The company acquired aerospace-parts manufacturer Precision Castparts Corp. earlier this year for $32.7 billion, its largest acquisition ever.
However, Mr. Buffett has long criticized airline investments.
Berkshire bought $358 million of preferred stock in USAir Group Inc. in 1989. The investment lost value in subsequent years. "I plunged into the business at almost the exact moment that it ran into severe problems," Mr. Buffett wrote in his 1990 letter to shareholders.
Berkshire sold its stake "for a hefty gain" in 1998, Mr. Buffett wrote in his 2007 letter, but he still regretted the purchase.
"The worst sort of business is one that grows rapidly, requires significant capital to engender the growth, and then earns little or no money. Think airlines," he wrote.
Given Mr. Buffett's antipathy toward airlines, the new investments were likely made by one of his lieutenants, Todd Combs or Ted Weschler, said Thomas Russo, managing member of Gardner Russo & Gardner, which manages $10 billion. Berkshire is Mr. Russo's largest holding.
Messrs. Weschler and Combs, who joined Berkshire in the past five years, have shown willingness to invest in sectors that Mr. Buffett has shied away from, such as technology.
Write to Doug Cameron at doug.cameron@wsj.com and Nicole Friedman at nicole.friedman@wsj.com
(END) Dow Jones Newswires
November 14, 2016 20:54 ET (01:54 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
Buffett buys airlines
http://www.seekingalpha.com/news/3224447
Buffett buys airlines
http://www.seekingalpha.com/news/3224447
Investors Unite Teleconference: What is Risk Sharing? And how does it Work?
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9:12 AM ET 11/14/16 | PR Newswire
On Tuesday, November 15 at 10:30 am EST, Investors Unite will hold a teleconference to discuss risk sharing in the secondary mortgage market, a major policy that could affect Fannie Mae and Freddie Mac moving forward.
The teleconference will feature Investors Unite Executive Director Tim Pagliara, former Chief Financial Officer and Vice Chairman of the Board of Fannie Mae Tim Howard, and the Head of External Affairs for the Community Mortgage Lenders of America Rob Zimmer.
To join the teleconference, please RSVP to media@investorsunite.org.
WHO: Tim Pagliara, Investors Unite Executive Director and CapWealth Advisors Chairman and CEO
Tim Howard, Former Chief Financial Officer and Vice Chairman of the Board of Fannie Mae
Rob Zimmer, Community Mortgage Lenders of America Head of External Affairs
WHAT: Investors Unite Risk Sharing Call
WHEN: Tuesday, November 15th, 10:30 am EST
DIAL IN: 800-895-2195; Conference ID: Investors
RSVP: Please RSVP to media@investorsunite.org
About Investors Unite: Formed by Tennessee investor and CapWealth Advisors Chairman and CEO, Tim Pagliara, Investors Unite (investorsunite.org) is a coalition of over 1,400 private investors from all walks of life, committed to the preservation of shareholder rights for all invested in Fannie Mae and Freddie Mac. The coalition works to educate shareholders and lawmakers on the importance of adopting GSE reform that fully respects the legal rights of Fannie Mae and Freddie Mac shareholders and offers full restitution on investments.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/investors-unite-teleconference-what-is-risk-sharing-and-how-does-it-work-300361592.html
SOURCE Investors Unite
http://rt.prnewswire.com/rt.gif?NewsItemId=DC42918&Transmission_Id=201611140912PR_NEWS_USPR_____DC42918&DateId=20161114
American Airlines and TSA launch two automated screening lanes at Chicago O’Hare
Source: GlobeNewswire Inc.
As the holiday travel period quickly approaches, American Airlines, the Transportation Security Administration (TSA) and the Chicago Department of Aviation have collaborated to launch two automated security screening lanes in Terminal 3 at Chicago O’Hare.
These new automated screening lanes, funded by American, incorporate technology and screening station modifications that enhance security effectiveness while decreasing the time travelers spend in security screening by approximately 30 percent.
The advanced equipment in the automated lanes, which were the first to launch at O’Hare last week, offers a number of unique features designed to improve the screening of travelers by automating many of the functions currently conducted manually, allowing passengers to move more swiftly through the checkpoint. These innovations include:
Automated belts that draw bags into the X-ray machines, returning the bins back to queue after completion of the screening.
Bags with a potential threat can be directed to a separate area to allow bins behind it to continue through the system uninterrupted.
Property bins that are 25 percent larger than the bins in regular screening lanes.
Unique Radio Frequency Identification (RFID) tags that are attached to each bin to allow for additional accountability of items as they transit throughout the system.
Cameras that capture photos of the outside of the bag, which is linked to the X-ray image of the bag’s contents.
“We are proud to be working collaboratively with the TSA and the Chicago Department of Aviation to be the first airline to debut next generation screening technology at O’Hare,” said Franco Tedeschi, American Airlines vice president — Chicago. “These state-of-the-art lanes enhance security effectiveness and efficiency and will improve the customer experience for our passengers in time for the busy holiday season.”
“Earlier this year, wait times at TSA checkpoints escalated to an unacceptable 104 minutes,” said Chicago Mayor Rahm Emanuel. “Working together with our federal and airline partners, we resolved this crisis and today have average wait times that are among the shortest of major airports in the country. I want to commend TSA for their commitment to improving service and thank American Airlines for continuing that progress by making innovation lanes a priority at O'Hare.”
“We are very appreciative of the ongoing collaboration between TSA and our partners at American Airlines,” said TSA Administrator Peter Neffenger. “Working together in our efforts to deploy effective, state-of-the-art technologies such as these automated lanes in O’Hare’s Terminal 3 furthers TSA’s ability to fulfill its security mission while also enhancing the travel experience.”
American and TSA anticipate deployment of additional automated screening lanes in early 2017 at Dallas/Fort Worth, Los Angeles, Miami and New York (JFK).
Early next year, American and TSA will also commence a pilot of computed tomography (CT) scanners. CT technology, currently only used at U.S. airports to screen checked bags, is expected to significantly improve the throughput when added to the screening process in Phoenix. 3D CT technology could make it possible to allow passengers to leave liquids, gels and aerosols, as well as laptops, in their carry-on bags at all times. This results in a quicker throughput and less bin use. If the pilot testing is successful, TSA may deploy CT technology to other checkpoints nationwide.
TSA Public Affairs
571-227-2829
tsamedia@tsa.dhs.gov
American Airlines Corporate Communications
817-967-1577
mediarelations@aa.com
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Source: InvestorsHub NewsWire
Fannie Mae (OTCQB: FNMA) expects to pay $3.0 billion in dividends to Treasury in December 2016. With the expected December dividend payment, the company will have paid a total of $154.4 billion in dividends to Treasury. Get details of Fannie Mae’s Q3 results in our full report. Momentous Entertainment Group Inc. (OTCBB: MMEG) is a diversified media company with a focus on technology that creates, produces and distributes quality content across various media channels. Read the company’s letter to shareholders in our report. UA Multimedia, Inc. (OTCBB: UAMM) has appointed Thu Pham as acting CEO to oversee a shift in operations and guide the Company into the advantageous and thriving cannabis industry. Our report details the steps the company will take toward a presence in the cannabis market. Kibush Capital Corp (OTCBB: DLCR) is a Resource company with Timber Operations in Papua New Guinea, Gold exploration in Papua New Guinea and Jade exploration in Papua New Guinea and Jade exploration in New South Wales, Australia. In our full report, you can read an update of the company’s operations.
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Wall Street Wants To Buy Fannie Mae And Freddie Mac Dirt Cheap $FNMA
http://www.seekingalpha.com/article/4023062
Trumping FHFA's GSE Destroying Third Amendment Net Worth Sweep $FNMA
http://www.seekingalpha.com/article/4022912
Trump's Transition Team Works to Form Cabinet
Source: Dow Jones News
WASHINGTON—Donald Trump's transition team raced to form his cabinet on Thursday as more names were floated for some of the biggest jobs in the president-elect's administration, including a foe of financial regulation for the powerful position of Treasury secretary.
U.S. Rep. Jeb Hensarling, a Texas Republican known for his sharp criticism of the 2010 financial regulatory overhaul, is among a growing list of potential nominees for the cabinet as speculation increased about who would surround the new president in office, people familiar with the discussions said.
The transition process has ramped up in recent days, people familiar with the matter said, adding that the team is far from making final recommendations to Mr. Trump. An initial website for the transition went online on Wednesday, and Mr. Trump has yet to name a chief of staff, which is typically the first announcement for a new administration.
The time between Election Day and Inauguration Day in January is often turbulent as an incoming administration faces a multitude of critical decisions in a tight span. In addition, to picking his top staff, the president-elect must vet and fill a cabinet composed of 15 executive departments and a host of other aides who have cabinet rank.
The incoming administration also must begin selecting about 1,000 top positions that require Senate confirmation, sketch out an agenda for the first few months of its term, write an inauguration speech and plan the ceremony.
In a sign of the fluidity of the situation, senior staff is still being added to the transition team. For example, PayPal co-founder and tech billionaire Peter Thiel is under consideration to play a senior role on that team, a person familiar with the matter said. The consideration of Mr. Thiel was reported by the Huffington Post.
In addition to Mr. Hensarling, Sen. Jeff Sessions (R., Ala.) was being discussed as a potential defense secretary or attorney general, several people familiar with the process said.
Former New York Mayor Rudy Giuliani, who played a prominent role in the Trump campaign, is also expected to have a place in the next administration. Mr. Giuliani has also been discussed as a possible attorney general or secretary of state, people familiar with the discussions said.
Dan DiMicco, a former steel executive who has been sharply critical of U.S. trade policies, has been an influential voice on Mr. Trump's policy team and may find a high-profile job in the administration, two transition team members said. A potential commerce secretary is Ray Washburne, a Dallas-based investor and former finance chairman of the Republican National Committee.
Mr. DiMicco told The Wall Street Journal he was running the transition team for U.S. trade, but "nothing more at this point."
U.S. Rep. Michael McCaul, a Texas Republican and chairman of the House Homeland Security Committee, is in the running for homeland security secretary, people familiar with the matter said.
Mr. Hensarling's Texas roots could offer a contrast to other potential picks to run Treasury, particularly those with the kind of Wall Street ties about which Mr. Trump railed during the campaign. Mr. Hensarling said in an interview on Thursday that he would "certainly have the discussion" if the Trump administration came calling.
"But I'm not anticipating the telephone call," he added. "It is not something I've indicated interest in. It is not something I am pursuing.…I think I'm in a pretty good position now to advance the cause."
Mr. Hensarling, a former congressional aide who now represents the Dallas area, is chairman of the House Financial Services Committee, a panel on which he has served for more than a decade. He has pursued top GOP priorities such as rolling back the 2010 Dodd-Frank law.
Vice President-elect Mike Pence, a former member of the House and Indiana governor, and Rep. Hensarling worked closely together in Congress and their views on many financial issues are closely aligned. Mr. Hensarling had backed Sen. Ted Cruz (R., Texas) for president during the Republican primary, but he praised Mr. Trump for selecting Mr. Pence as his running mate.
Mr. Hensarling has been a leading critic of the U.S. Export-Import Bank, which finances American exports. The Export-Import Bank's charter lapsed for nearly five months last year after Mr. Hensarling led a campaign to block its reauthorization.
The bank has been unable this year to back deals larger than $10 million because the Senate hasn't filled vacant board positions.
Mr. Hensarling also sought to pass legislation in 2013 that would phase out government-controlled mortgage companies Fannie Mae and Freddie Mac, a piece of unfinished business from the 2008 financial crisis that the Trump administration is likely to inherit.
Ryan Tracy and William Mauldin contributed to this article.
Write to Michael C. Bender at Mike.Bender@wsj.com and Damian Paletta at damian.paletta@wsj.com
(END) Dow Jones Newswires
November 11, 2016 07:25 ET (12:25 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
Frannie investors liking makeup of Trump team
http://www.seekingalpha.com/news/3223899
Hope so!
I haven't found any news yet today. Maybe tomorrow will shed some light