something me and you share , fun.
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During his confirmation hearing, Trump treasury secretary-designate Steven Mnuchin said Fannie and Freddie are "very important entities to provide the necessary liquidity for housing finance."
"I believe we need housing reform, so we shouldn't just leave Fannie and Freddie as is for the next four or eight years under government control without a fix," he said.
Keeping Fannie and Freddie as part of the mortgage mix may be more politically viable now than it was during Obama's tenure, Bright said. "In 2012, there was a little more of a willingness or desire to torch everything and build from the ground up," he said, but now there is more of a desire to "repurpose what we have."
Even repurposing Fannie and Freddie, however, might not be politically feasible when so many interests are able to get along well with them as wards of the state.
"The realtors aren't screaming, the mortgage bankers aren't screaming, no one has a problem," said Christopher Whalen, the head of research at Kroll Bond Rating Agency.
http://www.washingtonexaminer.com/mortgage-industry-pushes-to-free-fannie-and-freddie-from-the-federal-government/article/2613642
Mortgage industry pushes to free Fannie and Freddie from the federal government
http://www.washingtonexaminer.com/mortgage-industry-pushes-to-free-fannie-and-freddie-from-the-federal-government/article/2613642
I was sharing the web ! it was my research! thank you
what do you offer!!??? lol
As more documents are released, the attorneys are hoping to bolster their case that the government knew Fannie and Freddie would be profitable and sought to improperly redirect those funds to the government.
They deposed Susan McFarland, Fannie's chief financial officer at the time of the profit sweep, who told government officials that Fannie’s financial outlook was getting better and "we would be able to deliver sustainable profits over time."
If that improvement continued, the former CFO estimated Fannie probably would be able to recognize around $50 billion on deferred tax assets sometime in mid-2013, she said. [A deferred tax asset is an asset on a company's balance sheet that may be used to reduce any subsequent period's income tax expense.]
When the profit sweep was announced, "it was probably a desire not to allow capital to build up within the enterprises and not to allow the enterprises to recapitalize themselves," McFarland said, according to the deposition.
http://www.nationalmortgagenews.com/news/compliance-regulation/investors-victory-in-gse-case-may-be-turning-point-against-treasury-1096218-1.html
Investors' Victory in GSE Case May Be Turning Point Against Treasury
http://www.nationalmortgagenews.com/news/compliance-regulation/investors-victory-in-gse-case-may-be-turning-point-against-treasury-1096218-1.html
Explicit Federal Guarantee Is Key to Ending GSE Conservatorship
http://www.nationalmortgagenews.com/news/voices/explicit-federal-guarantee-is-key-to-ending-gse-conservatorship-1096031-1.html
All in baby ...blue sky is clear ...!!!
Look like cut death weight! Ready to take off! GL jmo
Fannie Mae FOR IMMEDIATE RELEASE February 1, 2017 DELISTING NOTICE Fannie Mae wishes... More »
http://www.investegate.co.uk/article.aspx?id=201702010700076599V
Fannie Mae wishes to announce that application has been made to the Irish Stock Exchange to delist all of the Notes detailed in Annex A below from the Official List and from trading on the Global Exchange Market of the Irish Stock Exchange.
The Irish Stock Exchange has agreed that the Notes be delisted with effect from today.
http://www.investegate.co.uk/article.aspx?id=201702010700076599V
Still 2 million cash on hand! not sure when to add more....still waiting
court is ordered... how long?
American will great again! i will get faith in the future... illegal taking private property will stop asap!
Sell sell sell
I am long term with FnF ...i was in 67c ... that how far i am lol....!!! but i get hurt when lie covered lies
http://newbostonpost.com/2017/01/04/the-big-short-and-the-big-lie/
Have you have any words from Judges sir?
http://www.dsnews.com/daily-dose/01-23-2017/court-deals-blow-fannie-mae-shareholder-hopes
one day i will tell grandchildren "I did" GLTA!
All in ... and wait !
Of the 58 documents at the center of Judge Sweeney’s ruling last fall in favor of shareholders’ motion to compel, the Appeals Court declared that the government can keep only four under “presidential privilege” and four under “deliberative process privilege” away from shareholders’ lawyers. But 50 documents merit no privileged treatment at all, so Sweeney’s ruling stands. Therefore, today’s ruling confirms once again that the government continues to tilt in favor of secrecy over transparency, impulsively seeking to hide its deliberations and hoping its stance will be approved if challenged in court.
The Appeals Court ruling stems from a writ of mandamus the government filed in October after Sweeney issued a sharp rebuke of the government’s efforts to claim the documents sought were “privileged” information. In this and other rulings, she has methodically chipped away at claims of executive privilege. She has questioned how internal deliberations by agency officials from five years ago could credibly have an adverse effect on markets, which, by their very nature are forward looking. Sweeney has suggested the government’s claims of that privilege seem more intended to shield public officials from embarrassment, which is certainly not the legal basis for the doctrine of executive privilege.
Attorneys for Fairholme Funds Inc. have long insisted that that government documents relating to Fannie and Freddie’s future profitability are elemental to proving the Net Worth Sweep amounted to an illegal property “taking.” Judge Sweeney, noting that the burden for proving why such documents need to be sealed off from view must rest with the government, reviewed 58 specific documents in camera — that is, in the confidentiality of her chambers — and rejected the government’s claim of privilege on all them.......
http://www.valuewalk.com/2017/01/court-govt-docs-fairholme-fannie-mae/
“After the completion of this offering, affiliates of The Blackstone Group L.P. will continue to own a majority of the voting power of shares eligible to vote in the election of our directors,” Invitation Homes stated in the filing. “As a result, we will be a ‘controlled company’ within the meaning of the corporate governance standards of the NYSE.”
The company said in its filing that it spent roughly $1.2 billion in renovating the homes in its portfolio, at an average of approximately $25,000 per home.
“Our portfolio benefits from high occupancy and low turnover rates, and we are well positioned to drive strong rent growth, attractive margins and predictable cash flows,” the company said.
However, not all response to the news of Fannie Mae’s action was favorable. Robert Grossinger, President of the non-profit National Community Stabilization Trust, said he was confused by the GSE’s decision.
“These investors so far have had no trouble financing the purchase of tens of thousands of homes without government support,” Grossinger said. “But if Fannie Mae determines that a taxpayer subsidy of the private sector is necessary, at the very least the arrangement with Invitation Homes should contain provisions that strengthen protections for tenants living in these homes, support affordability, and prohibit the predatory rent-to-own and installment contract arrangements that are becoming increasingly common in the single-family rental market.”
http://www.dsnews.com/daily-dose/01-25-2017/fannie-mae-backs-blackstone
Documents released will show " They knew the money The Banks paid to FnF" ....!http://www.mortgagenewsdaily.com/channels/pipelinepress/01032017-respa-rules.aspx
I bought this stock bc i saw government illegally was taking private property!
https://mobile.nytimes.com/2017/01/30/business/fannie-mae-freddie-mac-fairholme-appeal.html?_r=0&referer=https://www.google.com/
I am waiting for court ruling! Been 8yrs they could not come up with any regularity! Now they act like my children ....
https://mobile.nytimes.com/2017/01/30/business/fannie-mae-freddie-mac-fairholme-appeal.html?_r=0&referer=https://www.google.com/
The paper is a first look at the MBA’s plans for the ending the conservatorship of Fannie Mae and Freddie Mac, the government-sponsored enterprises, with the full paper anticipated to come in April.
http://www.housingwire.com/articles/39075-step-one-mba-reveals-plans-to-reform-fannie-mae-and-freddie-mac
Step one: MBA reveals plans to reform Fannie Mae and Freddie Mac
First Week Of February May Be Big For Fannie And Freddie
Jan. 30, 2017 7:46 AM ET|35 comments| About: Fannie Mae (FNMA), FMCC
http://seekingalpha.com/article/4040573-first-week-february-may-big-fannie-freddie#alt2
The longtime real-estate developer’s other plans could cap the popular mortgage-interest deduction, do away with the federal financial and mortgage watchdog and privatize mortgage giants Fannie Mae and Freddie Mac.
http://www.azcentral.com/story/money/real-estate/catherine-reagor/2017/01/29/catherine-reagor-what-does-president-trump-mean-housing/97053852/
good sign...sleeping on it! http://www.valuewalk.com/2017/01/pershing-square-two-new-undisclosed-positions-equal-13-capital/
Black Rock is buying! ???
Court ruling?
President Trump: A Preview of the First 100 Days
.....
Housing policy
Donald Trump's choice for Treasury Secretary Steven Mnunchin has said that Fannie Mae and Freddie Mac, which guarantee the interest and principal on roughly two-thirds of American mortgages, should be privatized but not closed. Congressman Jeb Hensarling (R-TX), the powerful House Financial Services Chairman, is anxious to make his mark by blowing up both Fannie and Freddie. In the end, I would anticipate some sort of compromise that moves closer to what Mnunchin wants than that being pursued by Hensarling.
.....
http://us.allianzgi.com/Commentary/MarketInsights/Pages/president-trump-first-100-days.aspx
should see it
https://www.c-span.org/video/?323941-1/newsmakers-jeb-hensarling-rtx
now it's mean they not sale bad loan , but they will hold the "good" loan ....bc they see clearly FnF profits!
maybe Friday 13th everything possible!
I been saying it ...wasting our Tax!
yeah you right ...still hold my cash($mil$) waiting ...thank you ....GL
Ben Carson on Hearing ATM
Carson also supported scaling back and eliminating various federal programs he deemed “wasteful, inefficient or unnecessary” in a six-page document outlining his positions during the race. He indicated he would support privatizing Fannie Mae and Freddie Mac, which insure mortgages......
http://www.realtor.com/news/trends/ben-carson-as-hud-secretary-what-could-it-mean-for-housing/
I am on the road ...anyone is seeing Ben Carson on Com. Hearing right now....? Hope he will said he will private FnF.
Say Good bye Obama in 10h....maybe alot of documents unseal to reveal!