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Come on Blue...What's the BIG news anyway?
It doesn't say anything about C-ship. Why did you infer that?
It says that FNMA & FMCC won't end ---they'll be different--
the Govt shoved Toxic mortgages on Fannie & Freddie as a condition for bailout
ER isn't until 8/8
that's not until 6/25
Pretty weak volume---only 11.4 mill
Heck..Iv'e seen that by 9:40 AM before
Excellent read---all long should read this
Blue--that was good info.....that's enough for now
Pretty low volume- IMO
As interest rates creep up. FNMA becomes more profitable
It was an Illegal taking--period
C-Ship can't go on much longer--it's an illegal taking
must be let go soo
2 points or $2000---rule of thumb for refi-----
Google 30 year fixed--shows %3.98
We're a LONG way from %5 --30 year mortgage
Jesus..I hope so....
He also said, that other countries have similar operations and that we could look at what they are doing
I must have missed that, I wasn't listening....DId he actually mention mortgages
Big money doesn't start trading until 10AM---get ready
Big money doesn't start trading until 10AM---get ready
Volume is picking up
TRading computers taking profit early - from the gap up
it'll blast off next
Record earnings year and bank settlement(s)...huge year ahead
I wonder how those settlements are progressing?
it was 2 5000 share orders....pretty weak considering
There obviously has been restructuring over the last 5 years, but that's not what caused the financial crisis. Big bank and Mortgage brokers peddling mortgages to unqualified borrowers, then securitizing the mess...which was thrust upon Fannie as part of the bailout
Very good. It's a lot to process
SO..why all the talk saying common stock has Zero value?
Chart Shmart---next resistance is 2.17
How's that?
I hope the re-tracement stages are Over
It appears that way, but the volume is almost sub-par
Surprised at relatively low volume
Looks like MM taking out stops
Works for Me..thanks
NO Pre market--two transactions doesn't really qualify...Maybe SEc finally cracked down on it....I filed a complaint regarding the PM OTC trading
I don't think they can willy nilly cancel the old commons, this is not an emergence from BK, conservatorship has different rules as the LAW applies to it
I don't see how keeping the common intact is bailing out anyone
Interesting concept...trading OTC while out of C-ship
ER will be on 8/8/13
Options limited for the government to stave off debt limit deadline
Treasury out of options coming up with money to hold off the debt limit, (would the sale of the stock they own of fannie mae, be their next option to hold it off, As fannie mae payment of 59 billion holds it off until after labor day, They may be forced to make this decision soon.
Other Measures Used in the Past Are No Longer Available or of Limited Use The other measures that have been used in past debt limit impasses in order to postpone
the date by which the debt limit needed to be increased are either not available or of limited use.
First, although in the past Treasury Secretaries have suspended the issuance of U.S. savings bonds to the public, doing so now would be of little benefit. Suspending the issuance of
U.S. savings bonds would not free up any headroom under the debt limit.
As is the case with 7
Treasury is required to restore lost interest on the next business day. 5 suspending sales of SLGS, suspending the sales of savings bonds would only eliminate increases in debt that would count against the debt limit if the securities were issued. Moreover,
suspending such sales conserves very little headroom.8
Second, measures relating to the Federal Financing Bank (FFB) are of limited use.9
Third, a measure previously used, involving the
calling in of cash that Treasury kept on deposit at banks, is no longer available: Treasury no longer keeps these balances.10 Finally, Congress has in the past provided one-time tools in the
midst of a debt limit impasse;11 those authorities expired over 17 years ago.
An additional source of uncertainty has been the
amount and timing of certain payments to the Treasury by Fannie Mae and Fred Mac in light of their improving financial conditions. In the case of Fannie Mae, we learned last week that Treasury will receive a payment of approximately $60 billion on June 28, 2013.
Given the uncertainty described above, at this time, Treasury is not able to provide a specific estimate of how long the extraordinary measures will last. However, in view of the forthcoming Fannie Mae payment and the trend in other payment flows, it is now clear that the measures will not be exhausted until after Labor Dayhttp://www.treasury.gov/initiatives/Documents/Debt%20Limit%205-17-13%20Boehner.pdf
PPS needs to close over $1 for 30 consecutive trading days, PPS on re-listing needs to be at least $4
There's no hurry, except the Feds own A LOT of the stock, and the Feds are not in the business of of being stockholders, except in unusual circumstances..such as this. They feds probably want out of Fannie & Freddie, thus the advance in the volume and PPS---thanks for your insight Hillary