is...more DD!
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I think shorts are covering..people that bought in over $2 are scared and it's dropping price rapidly. On a brighter note..major holders in by 6/30/13 paid $1.41 per share...you can check it :)
Check out the Progress Report
On Fannie Mae dot come..progress report for 2012..showed up on their site last week..a VERY GOOD POSITIVE READ from Fannie.
It is on the first page where slides of news alternate...there are 4 or 5 tiny little boxes on the first page when you sign in. Click the first little box and it will be the progress report :)
GLTA
AIG article on warrants...
http://usatoday30.usatoday.com/money/industries/insurance/2011-01-07-aig-warrants_N.htm
New to the board..wondered about the wipeout of commons
after BK consummated...and then I notice 1 year target of $1
and the enormous earnings of .47 share, wow!
Why hold this if wipeout of commons is imminent though?
Thanks in advance.
Waters and Geitner..March 2011
Hensarling and WATERS.....link
http://www.reuters.com/article/2012/11/29/financial-regulation-congress-idUSL1E8MS7G920121129?feedType=RSS&feedName=financialsSector&rpc=43
Maxine Waters...'there is nothing wrong with F&F'
yayyyy
Hensarling recommended for House Finance
Link to his views etc....
Google Hensarling and you'll find todays news of recommend to.
http://www.gop.gov/press-release/11/03/17/hensarling-re-introduces-legislation-to
Thank you....
LD..may I ask which ticker?
I've looked at different tickers for Lehman..may I ask which one?
I am thinking of going in....although I haven't done very much DD yet...
12B between 17 banks=204B
Big banks market cap..take off $2 per bank..12B will not cave the banking industry??? Thoughts?
I see that too...where do they come from?
FNMAK....400,000+ today? Out of thin air..mm contact and we don't see the 'for sale' shares? Weird. Out of 5m total, that's an awful lot...
Merrill Lynch BofA Lawsuit goes forward, new news!
Article is posted under 'news' for fmcc and fnma on
the yahoo finance site.
FHFA has sued for 200B securities-banks-total
Trial date June 2, 2014
:)
Merrill Lynch BofA case goes forward, new news
June 2, 2014
FHFA has sued for a total of 200B securities, etc. in article.
Article on yahoo finance under 'news' fnma
News..Judge will not dismiss Merrill Lynch BofA
Lawsuit...trial date June 2, 2014
Sorry, I didn't paste...check the yahoo finance site fnma or fmcc news...FHFA has sued for 200B in securities total.
Good for F&F I believe :)
Freddie to pay dividends...
as long as net worth exceeds reserves? Didn't they just whack the senior preferred dividends? Are they talking Juniors?
Anyone see that?
Found an article...with something amusing...Fortune 500
http://money.cnn.com/2012/11/02/real_estate/sandy-mortgage-relief/index.html?section=money_topstories
Fannie is #8
Freddie is#25
But it's in the article..rather than just FNMA or FMCC
Fannie Mae(Fortune 500) Freddie Mac (Fortune 500)
also google Fortune 500 list 2012 and you'll find it.
I posted these thoughts on yho fnma board....
Did anyone watch MadM the other night re: BAC 1 billion dollar lawsuit etc. I noticed it was mentioned the shareholders pay the legal fees. 1/2 a penny pretty much covers it....notice that? So I did some math....not all 12 Fed Banks...just these three as an example...keep in mind taxpayers have been through hell...a whole lotta r/s...MAJOR dilution and we have billions of shares outstanding in banks because of it...but not F&F...so the banks are now solid w/massive reserves 'in case' they owe on bad loans, Dodd-Frank, blah blah blah....with all this in mind, here's my math, please chime in...
BAC 10B o/s....10 billion=$1 loss per share
WFC 5B o/s....10 billion=$2 loss per share
GS 479M o/s...10 billion=$20.00(ish) loss per share
and so on for the last 9 banks....which totals 120B+46B already paid=166B paid
****important to note...the banks couldn't really do this with low share counts...they needed this dillution...without it...the loss per share would be unbelieveably huge...and yet F&F sharecount was untouched because the fed will convert the SP and dilute later, at a much higher price.....was this the plan all along?
Seriously
Sentiment: Hold
Agreed, I'm wondering if this is all posturing..Obama wants to say he's for writedowns BUT the Mortgage Forgiveness Act of 2007 expires 12/31/12 and unless it's extended, any mortgage forgiveness will be taxed as capital gain and the homeowner must pay it...which defeats the purpose of the write down! If distressed homeowners haven't sold yet via short sale or foreclosed before 12/31/12(2 short months)and there is no extension your stuck paying the fed.
8th paragraph from the bottom..forgiveness act news
http://www.lasvegassun.com/news/2012/oct/19/congressional-candidates-get-personal-rally-addres/
oops heres the article I read over and over
http://www.bloomberg.com/news/2012-10-23/demarco-shrinks-fannie-freddie-without-help-from-congress.html
Not a paying member either...
I bet I will be soon...lol...much to seriously discuss with eachother...media all mum..my theory in watching the market everyday is this....
Fmcc on otc site shows I think...33% less shorts?
First the good earnings and then the erase of the dividend
payments to treasury..and BAM we all got rocked, but a really good entry point..short covering.
So the $1 preferreds get scooped up and now commons are sitting in what I call the Bull Pen....accumulating....in Jim Millstein plan..it showed the commons being more valuable...I'm not looking at it but it was something like commons up 3000% and preferred up
like 1462%ish...and so preferreds suddenly got slammed down to
the sub dollar and now it will probably be more of an even profit if that's the case?
The Obama Administration would like Principal Reduction
The administration said they'd 'pay' 2/3 of the write down
cost? Republicans said no...citing it could entice homeowners to
stop paying their mortgage....millions of people in that boat and VERY expensive to do...
That being said, the Mortgage Forgiveness act of 2007 is scheduled to cease 12/31/12..this is where the home is foreclosed or sold via shortsale and the homeowner is not taxed on the 'forgiven' amount....(debt forgiven is considered your gain)
SO, if the Mortgage Forgiveness Act of 2007 ends and is not extended beyond that, they are taxed a capital gain tax of the amount forgiven whether foreclosed or short sale! This would KEEP
home owners in their home..because they'll never avoid that capital gain tax..it will not be forgiven as it is now.
SO, IMO....Mortgage forgiveness, ends, quietly...hear anyone talking about that? NO
SO, Obama implements principal reduction..he'd have to extend
the Forgiveness Act...
If the Forgiveness Act ends...more people stay in their houses because 2 things are for sure ya know....death and taxes :)
I read this over and over..???
I'm wondering if it doesn't really matter in the case
of F&F whether it's Romney or Obama?
I do know Romney and Newt mentioned on the debate platform
that they own them 'in their mutual funds'
Skibrian...maybe I spoke too soon...my thought is there would be no more QE? On the other hand...less regulation and maybe higher interest rates..which would be good for F&F..I guess we're all guessing...
Thank you..FYI everyone...
I am weimiegirl on yahoo..few posts by me over there..not
much going on over there either.
Who am I...?
Just an etrade homegamer that's been watching he market daily
for the last four years. Too much yahoo finance spam and offense.
I like to check in here from time to time.
Disclosure...own a variety of preferreds.
Well, Demarco does not want principal write downs
He thinks it would 'roil' the markets....Demarco is more
concerned with bonds..that retirees gain income from, etc.
He does not want retiree investment to be lost.
Unions, teachers, etc., have billions in F&F still.
I think both need help..homeowners and those who LOST
their life savings and may not live to see it recover if
that's the case.
Romney would be bad for bond markets.
Google Romney bond market....
My vote is Obama, not really the F&F issue..that one is my parents...mine is I don't want the government in my womb!
Called ETRADE......FNMFM
They told me the bid has to be 5000 shares to be placed on
the level II board they supply us with. That was my answer after
15 minutes of holding while they tried to figure it out....doesn't make sense...but ok
And one more video...
Here's another video of future...
Hello, I'm new with a link to how I found Infrax
FBC is #138 on the TOP 150 Bank List by Bank Director Mag 7/25/11/link
http://www.bizjournals.com/dayton/news/2011/07/25/magazine-names-top-banks-in-country.html?ana=yfcpc
after opening the link, look at the bottom of the article to
click on the list of 150 banks and read the article on the first
page.
There were 10+million shares of short interest...this was the
perfect day to cover....earnings and default fears.
Not worried.....buy opportunity.
Merger notice...deal to close by 9/30/11...LINK
http://seekingalpha.com/article/281494-merger-arbitrage-mondays-july-25-2011?source=marketwatch
Merger notices...deal to close by 9/30/11...LINK
http://seekingalpha.com/article/281494-merger-arbitrage-mondays-july-25-2011?source=marketwatch
I know, but institutions are holding @ .80 average.....
info off the mffais.com website.
A LARGE buy @.33 from CALPERS last week...the rest holding
at .80
GBE people!!COLONY DEAL..SEC 7/26/11..on grubb-ellis.com site/link
http://phx.corporate-ir.net/phoenix.zhtml?c=64084&p=irol-SECText&TEXT=aHR0cDovL2lyLmludC53ZXN0bGF3YnVzaW5lc3MuY29tL2RvY3VtZW50L3YxLzAwMDEzNDEwMDQtMTEtMDAxNTIxL3htbA%3d%3d
exhibits on page 10
Yes, but at the end of that article...
It says watch competitors and lists GBE..like the sector should
take note of the earnings..industrial real estate services in
general...48% is quite a leap from a year ago...things improving.
On the www.grubb-ellis.com site they have posted alot of news on the front page and also an article under 'good news Friday' from
last Friday July 15th...it appears things are looking up + GBE
added 78% to it's portfolio JUST this last quarter alone.....
1/2 short interest today...see above
Yesterday it was over 9%!
1/2 short interest today...see above
Yesterday it was over 9%!
1/2 short interest today...see above
Yesterday it was over 9%!
Woooo hoooooo!
Go GBE, all the way to a registered REIT!