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Thanks for the data.
1. By carefully marking time during the watching of the confirmation hearing, it is certain that Senator Warner and Steven Mnuchin began their questions and answers at 12:59 PM EST.
This was interesting. I received an email time stamped at 1:01 pm from Streetinsider.com with a negative bias about what was mentioned at the hearing.
I think Mnuchin did well.
Should be good to educate general public. Glad to see the big names in it.
Movie coming out around Christmas.
The Big Short. Forgive me if it's already been posted.
Sen. Corker: Transforming Fannie and Freddie
2 Hours Ago
Sen. Bob Corker, (R-Tenn.), shares his vision to de-risk...
http://video.cnbc.com/gallery/?video=3000431791
Housing Finance Reform: Opportunities and Obstacles of Risk Sharing
KEYWORDS: BOB CORKER, FANNIE MAE, FREDDIE MAC, GSES, MARK WARNER, NIC RETSINAS
WHEN: Tuesday, October 6th 2015 10:30 a.m. to 12:30 p.m. ET
WHERE: Bipartisan Policy Center, 1225 Eye Street NW, Suite 1000, Washington, DC, 20005
http://bipartisanpolicy.org/events/housing-finance-reform-opportunities-and-obstacles-of-risk-sharing/
Status Conference 10 am EDT. Closed to public.
http://gselinks.com/Court_Filings/Fairholme/13-465-0235.pdf
Interesting.
Not sure if these are the same people but...
http://www.hbsslaw.com/legal-team/connolly-jennifer-fountain
Notable Cases
McKesson Corporation Litigation
- Private class action ($350 million settlement)
- Municipal class action ($82 million settlement)
- Multiple state attorney general actions were favorably resolved
AWP Litigation
Represented classes of consumers and third-party payors in a ground-breaking pharmaceutical fraud case where the court approved a total of $338 million in settlements.
Opioids Litigation
Representing the Orange County District Attorney’s office in a case alleging five pharmaceutical companies orchestrated a false and misleading marketing scheme designed to reverse the popular and medical understanding of the serious risks of long-term opioid use for chronic, non-cancer pain.
Fannie Mae/Freddie Mac Takings Litigation
Representing shareholders in the Court of Federal Claims alleging that, in imposing the conservatorships over Fannie Mae and Freddie Mac in September 2008, the Government took private property without just compensation.
ATM Antitrust Litigation
Representing consumers challenging illegal agreements among Visa, MasterCard and member banks to charge inflated ATM access fees, in violation of the federal antitrust laws.
Qui Tam matters
Currently working on numerous qui tam matters that are under seal in multiple jurisdictions.
http://www.srkw-law.com/our-attorneys/robert-roseman.html
Robert M. Roseman, partner, chairs the Firm's international and domestic securities practice group. Mr. Roseman focuses his practice on investor protection issues, including the enforcement of the federal securities laws and state laws involving fiduciary duties of directors and officers, and under the laws in the various jurisdictions in Europe where group actions can be brought. An important component of his practice involves protecting U.S. and European investors in European proceedings. In that role, he works with U.S. and European institutional investors on investor protection and corporate governance matters.
Is this the same Gregory P. Joseph just brought in?
http://gselinks.com/Court_Filings/Fairholme/13-465-0237.pdf
And then there's this..
http://www.alcoa.com/alcoawheels/catalog/pdf/brochures/ALC_UltraONE_Brochure.pdf
I work for a truck dealership. There's going to be several thousand trucks going through our dealership over the next 3 years as a contract for a major trucking company. I'm not sure if all of the several thousand trucks will have these rims but a few of the trucks I've seen being prepped the last couple weeks have these rims.
I have no position. Waiting for a bottom to form.
Fannie Mae Reports Net Income of $4.6 Billion and Comprehensive Income of $4.4 Billion for Second Quarter 2015
http://www.prnewswire.com/news-releases/fannie-mae-reports-net-income-of-46-billion-and-comprehensive-income-of-44-billion-for-second-quarter-2015-300124815.html
Don't know.
It's a tweet from that @BlockTradeAlert.
BlockTradeAlert @BlockTradeAlert
BLOCK TRADE (Microcap): $FNMAS 750,000 shares @ $3.97 [11:25:02]
BLOCK TRADE (Microcap): $FMCKJ 750,000 shares @ $3.97 [11:24:54]
Consumer Attitudes on Housing May Signal Healthier Purchase Market Ahead
http://www.prnewswire.com/news-releases/consumer-attitudes-on-housing-may-signal-healthier-purchase-market-ahead-300109324.html
WASHINGTON, July 7, 2015 /PRNewswire/ -- Americans' outlook toward the current home selling market and the future of home rental prices may bode well for purchase activity this year, according to results from Fannie Mae's June 2015 National Housing Survey™. Amid continued strong job and income growth, consumers are looking more favorably on the current selling climate, perhaps portending an uptick in the existing home supply. Among those surveyed, the share who believe now is a good time to sell a home reached a new survey high, increasing three percentage points to 52 percent and crossing the 50-percent threshold for the first time in the survey's history. At the same time, the share who said they expect home rental prices to go up in the next 12 months rose four percentage points to 59 percent, also an all-time survey high. With an increase in housing supply from those ready to sell, combined with higher rental cost expectations, more potential homebuyers may be encouraged to leave the sidelines.
"Our June survey results show the positive impact on housing of job and income growth," said Doug Duncan, senior vice president and chief economist at Fannie Mae. "The expectation of higher rents is a natural outgrowth of increasing household formation by newly employed individuals putting upward pressure on rental rates. A complementary rise in the good time to sell measure suggests that limited inventory, which is putting upward pressure on house prices, gives an increasing advantage to sellers. Together, these results point to a healthier home purchase market, with more renters likely to find owning to be more cost-effective than renting and more sellers likely to put their homes on the market."
SURVEY HIGHLIGHTS
Homeownership and Renting
The average 12-month home price change expectation fell to 2.6 percent.
The share of respondents who say home prices will go up in the next 12 months fell to 47 percent. The share who say home prices will go down rose to 7 percent.
The share of respondents who say mortgage rates will go up in the next 12 months rose 3 percentage points to 50 percent.
Those who say it is a good time to buy a house fell to 63 percent – tying a survey low – while those who say it is a good time to sell rose to 52 percent – a new survey high.
The average 12-month rental price change expectation fell to 4.2 percent.
The percentage of respondents who expect home rental prices to go up rose to 59 percent – a new survey high.
Those who think it would be easy to get a home mortgage remained at 50 percent, while those who think it would be difficult remained at 46 percent.
The share who say they would buy if they were going to move fell 2 percentage points to 64 percent, while the share who would rent increased to 30 percent.
The Economy and Household Finances
The share of respondents who say the economy is on the right track increased by 1 percentage point to 39 percent, while those who say the economy is on the wrong track fell by 1 percentage point to 51 percent.
The percentage of respondents who expect their personal financial situation to get worse over the next 12 months fell back to 10 percent – tying a survey low.
The share of respondents who say their household income is significantly higher than it was 12 months ago fell 1 percentage point to 27 percent.
The percentage of respondents say their household expenses are significantly higher than they were 12 months ago remained at 31 percent.
The most detailed consumer attitudinal survey of its kind, Fannie Mae's National Housing Survey™ polled 1,000 Americans via live telephone interview to assess their attitudes toward owning and renting a home, home and rental price changes, homeownership distress, the economy, household finances, and overall consumer confidence. Homeowners and renters are asked more than 100 questions used to track attitudinal shifts (findings are compared to the same survey conducted monthly beginning June 2010). To reflect the growing share of households with a cell phone but no landline, the National Housing Survey has increased its cell phone dialing rate to 60 percent as of October 2014. For more information, please see the Technical Notes. Fannie Mae conducts this survey and shares monthly and quarterly results so that we may help industry partners and market participants target our collective efforts to stabilize the housing market in the near-term, and provide support in the future.
For detailed findings from the June 2015 survey, as well as technical notes on survey methodology and questions asked of respondents associated with each monthly indicator, please visit the Fannie Mae Monthly National Housing Survey page on fanniemae.com. Also available on the site are in-depth topic analyses, which provide a detailed assessment of combined data results from three monthly studies. The June 2015 National Housing Survey was conducted between June 1, 2015 and June 23, 2015. Most of the data collection occurred during the first two weeks of this period. Interviews were conducted by Penn Schoen Berland, in coordination with Fannie Mae.
To receive e-mail updates with other housing market research from Fannie Mae's Economic & Strategic Research Group, please click here.
Opinions, analyses, estimates, forecasts, and other views of Fannie Mae's Economic & Strategic Research (ESR) Group included in these materials should not be construed as indicating Fannie Mae's business prospects or expected results, are based on a number of assumptions, and are subject to change without notice. How this information affects Fannie Mae will depend on many factors. Although the ESR Group bases its opinions, analyses, estimates, forecasts, and other views on information it considers reliable, it does not guarantee that the information provided in these materials is accurate, current, or suitable for any particular purpose. Changes in the assumptions or the information underlying these views could produce materially different results. The analyses, opinions, estimates, forecasts, and other views published by the ESR Group represent the views of that group as of the date indicated and do not necessarily represent the views of Fannie Mae or its management.
Fannie Mae enables people to buy, refinance, or rent homes.
Visit us at http://www.fanniemae.com/progress.
Follow us on Twitter: http://twitter.com/FannieMae.
SOURCE Fannie Mae
Dick Bove Calls Out WSJ for Bad Math on Fannie (FNMA), Freddie (FMCC)
http://goo.gl/tR3NWJ
It looks like #Fanniegate is in the 1000's of tweets and plenty of room to run.
http://topsy.com/analytics?q1=%23fanniegate&via=Topsy
I might be able to afford an ihub subscription.
I don't think anyone has picked up on it yet.
Unleashed at last
Thursday
Dec 2014
http://timhoward717.com/2014/12/11/unleashed-at-last/
Posted by timhoward717 in Fannie Mae Freddie Mac ˜ Leave a comment
We are pleased to announce that we have been authorized to share in much greater detail about the remarkable events that are unfolding before our eyes. We will now share in it’s entirety the plan that we assembled at the request of some of our key allies in DC. This was shared at the beginning of October on our trip to DC. We were assured that the decision had been made to save Fannie and Freddie. We have been unleashed; tonight will be just the beginning, the whole truth will finally be revealed; I apologize for the delay. The hardest part in this whole process was not being able to share everything.
We wish that we lived in a country that did not require this blog. It is unthinkable to us that these games would be played as millions of Americans continue to suffer from the financial crisis that private capital created yet have so many conned into believing otherwise.
Tonight’s posts are dedicated to those few patriots that believe that the lies must stop and that in order to win the truth must be shared in its entirety.We will be adding to this post in greater detail soon.
Because both our elected leaders and media have chosen not to, we now sit comfortably in the driver’s seat. Buckle-up and enjoy the ride.
Keep the Faith
This was previously shared with David Fiderer, Cliff Rossi and Josh Rosner.
Presentation Maxine 10:1:14
A most fitting song for tonight:
00:00
Americans' Personal Finance Sentiment Strengthens, Housing Optimism Follows Suit
http://www.fanniemae.com/portal/about-us/media/corporate-news/2014/6192.html
Confidence in Home Selling Environment Hits New Survey High
Katie Penote
202-752-2261
WASHINGTON, DC – Results from Fannie Mae’s October 2014 National Housing Survey show Americans’ optimism about the housing market continued its gradual climb amid greater confidence in household income and personal finances. The share of respondents who say they expect their personal financial situation to improve during the next 12 months climbed to 45 percent – seven points higher compared to one year ago – while the share expecting their financial situation to worsen decreased to 10 percent last month. Although consumer attitudes about the direction of the economy remain subdued, with only 40 percent of survey respondents saying the economy is on the right track, the October results mark a 13 percentage point improvement compared to the same time last year.
"Consumers are growing more optimistic about the housing market in the face of broader improvement in economic sentiment," said Doug Duncan, senior vice president and chief economist at Fannie Mae. "The share of consumers who expect their personal finances to get better is near its highest level since the survey's inception, while those expecting their finances to get worse reached a survey low. Home price expectations rose significantly this month, largely reversing the dip witnessed over the past four months, and the share of consumers who think it’s a good time to sell a home reached another survey high. The narrowing gap between home buying and home selling sentiment may foreshadow increased housing inventory levels and a better balance of housing supply and demand. These results may help drive a healthier housing market in 2015."
SURVEY HIGHLIGHTS
Homeownership and Renting
The average 12-month home price change expectation rose to 2.8 percent.
The share of respondents who say home prices will go up in the next 12 months fell by one point to 44 percent. The share who say home prices will go down decreased by one point to 7 percent.
The share of respondents who say mortgage rates will go up in the next 12 months rose by three percentage points to 48 percent.
Those who say it is a good time to buy a house fell to 65 percent. Those who say it is a good time to sell increased to 44 percent—a new all-time survey high.
The average 12-month rental price change expectation rose to 3.7 percent.
The percentage of respondents who expect home rental prices to go up in the next 12 months decreased by six percentage points to 49 percent.
The share of respondents who think it would be difficult to get a home mortgage today increased by two percentage points.
The share who say they would buy if they were going to move fell to 65 percent, while the share who would rent increased to 30 percent.
The Economy and Household Finances
The share of respondents who say the economy is on the right track held steady at 40 percent.
The percentage of respondents who expect their personal financial situation to get better over the next 12 months increased to 45 percent.
The share of respondents who say their household income is significantly higher than it was 12 months ago remained at 25 percent.
The share of respondents who say their household expenses are significantly higher than they were 12 months ago fell slightly to 36 percent.
The most detailed consumer attitudinal survey of its kind, the Fannie Mae National Housing Survey polled 1,000 Americans via live telephone interview to assess their attitudes toward owning and renting a home, home and rental price changes, homeownership distress, the economy, household finances, and overall consumer confidence. Homeowners and renters are asked more than 100 questions used to track attitudinal shifts (findings are compared to the same survey conducted monthly beginning June 2010). To reflect the growing share of households with a cell phone but no landline, the National Housing Survey has increased its cell phone dialing rate to 60 percent as of October 2014. For more information, please see the Technical Notes. Fannie Mae conducts this survey and shares monthly and quarterly results so that we may help industry partners and market participants target our collective efforts to stabilize the housing market in the near-term, and provide support in the future.
For detailed findings from the October 2014 survey, as well as a podcast providing an audio synopsis of the survey results and technical notes on survey methodology and questions asked of respondents associated with each monthly indicator, please visit the Fannie Mae Monthly National Housing Survey page on fanniemae.com. Also available on the site are in-depth topic analyses, which provide a detailed assessment of combined data results from three monthly studies. The October 2014 Fannie Mae National Housing Survey was conducted between October 1, 2014 and October 25, 2014. Most of the data collection occurred during the first two weeks of this period. Interviews were conducted by Penn Schoen Berland, in coordination with Fannie Mae.
Opinions, analyses, estimates, forecasts, and other views of Fannie Mae's Economic & Strategic Research (ESR) Group included in these materials should not be construed as indicating Fannie Mae's business prospects or expected results, are based on a number of assumptions, and are subject to change without notice. How this information affects Fannie Mae will depend on many factors. Although the ESR Group bases its opinions, analyses, estimates, forecasts, and other views on information it considers reliable, it does not guarantee that the information provided in these materials is accurate, current, or suitable for any particular purpose. Changes in the assumptions or the information underlying these views could produce materially different results. The analyses, opinions, estimates, forecasts, and other views published by the ESR Group represent the views of that group as of the date indicated and do not necessarily represent the views of Fannie Mae or its management.
Fannie Mae enables people to buy, refinance, or rent a home.
Visit us at: http://www.fanniemae.com/progress.
Follow us on Twitter: http://twitter.com/FannieMae.
Interesting article from the past.
Example of a move from OTC to NYSE.
https://www.globalfinancialdata.com/gfdblog/?p=1622
In the past, anyone could invest in fledgling companies before they listed on the NYSE. Today, this opportunity is rarely available to the average investor. This is illustrated by the outperformance of other companies, such as Xerox, Dr. Pepper and Kentucky Fried Chicken. By the time these companies moved onto the NYSE, a good portion of the advance in their stock price had already occurred. If you ignore the performance of the stock when it traded over-the-counter, you miss a substantial portion of the stock’s historic move, and without this information, you will never fully understand the returns that were available to investors in the past.
It's just a matter of time. IMO they're not going away and they're not going to be on the OTC forever.
Then of course it could all be a coincidence. :)
Yes, from August 27th. I agree with Zephadiah though on their no plans to uplist...yea right ok whatever.
Gasparino video interesting at the 1:45 mark.
http://video.foxbusiness.com/v/3751903487001/fannie-mae-job-posting-hints-at-nyse-listing/#sp=show-clips
Didn't someone say that attorney was hired and starting in November?
Not sure if someone posted already.
It allocates $123.8 million to common shareholders and $46.2 million to holders of preferred stock between Nov. 8, 2006 and Sept. 5, 2008.
http://goo.gl/DcnI1N
FHFA (@FHFA) tweeted at 2:46 PM on Mon, Oct 20, 2014:
.@FHFA Director Mel Watt’s speech @MBA conference: http://t.co/nTSEDvZ5Lj
(
).@FHFA Director Mel Watt’s speech @MBA conference: http://t.co/nTSEDvZ5Lj
— FHFA (@FHFA) October 20, 2014
My TDA account says November 6th before market open.
Bloomberg says November 7th.
http://www.bloomberg.com/quote/FNMA:US
Fidelity site says the 6th.
https://eresearch.fidelity.com/eresearch/evaluate/fundamentals/earnings.jhtml?symbols=FNMA
CNN Money says the 6th.
http://money.cnn.com/quote/quote.html?symb=FNMA
I'm going to guess 2 weeks, 3 days, 21 hours and 23 minutes. But who's counting?
Countdown Timer
FWIW... 27 100K+ blocks traded today.
T153000 = 9:30 am est
Sorted by quantity.
http://www.netfonds.no/quotes/tradedump.php?paper=FNMA.O&csv_format=csv
time price quantity
20141015T192730 2.04 950000
20141015T192830 2.04 812000
20141015T211013 2.1 550000
20141015T162902 2.18 500000
20141015T154728 2.15 493875
20141015T204645 2.09 469500
20141015T204549 2.08 310000
20141015T160418 2.2 302600
20141015T155546 2.18 250000
20141015T161051 2.2 250000
20141015T171834 2.14 250000
20141015T160829 2.17 237000
20141015T183010 1.98 169870
20141015T182056 2 165844
20141015T170259 2.1 125623
20141015T204947 2.08 110000
20141015T202411 2.08 108000
20141015T162621 2.18 104000
20141015T154315 2.1 101663
20141015T160443 2.2 100000
20141015T181706 2.03 100000
20141015T183218 2 100000
20141015T184706 2.03 100000
20141015T203827 2.07 100000
20141015T210332 2.09 100000
20141015T214440 2.11 100000
Maybe they don't need Howard because a deal being made? Just a guess.
Investors Unite Tweet
.@RalphNader says this is not over, horrible precedent for any future @USTreasury decision or dealing with future financial collapse
Nice blocks went through.
One was 350,000 $1.78 10:12:20
Are You Smarter Than A 5th Grader? Ed DeMarco Hopes You Aren’t
Tuesday, October 7th, 2014
Ask a fifth grader how laws are made and you’ll hear about an abbreviated committee process, Floor votes in the U.S. House and U.S. Senate, a White House signing ceremony, and the federal courts upholding laws if questions of constitutionality arise. What you will not hear is about how unelected bureaucrats interpret laws themselves and apply them in ways perhaps unintended.
Take the Housing and Economic Recovery Act of 2008, for example. Written and signed into law in the wake of the financial meltdown, the act created the Federal Housing Finance Agency and led to the creation the conservatorship into which Fannie Mae and Freddie Mac were placed. There are few who would argue that the two mortgage giants weren’t in need of significant reforms. But it was an act of Congress that created the entities – government-sponsored enterprises – and another act of Congress is required to institute changes.
Unless you’re Ed DeMarco – then apparently you get to interpret laws anyway you want.
A few weeks ago, the Bipartisan Policy Committee hosted its annual Housing Summit and featured DeMarco, the man put in charge of FHFA after it was chartered. New federal agencies don’t come along every day, and being put in charge of one from the outset must seem like a pretty heady proposition, especially one that’s charged with overseeing the two entities that are responsible for underpinning the U.S. housing market. During a wide-ranging panel, DeMarco said the following:
“During my tenure, I believe that FHFA had a responsibility not just to operate the conservatorships according to the law, but to be attentive to the direction the administration and lawmakers were going.”
That’s an interesting “belief.” How does it square with what is stated within HERA about FHFA’s role, though?
FHFA powers as conservator, as outlined by HERA: is to “take such action as may be—(i) necessary to put the regulated entity in a sound and solvent condition; and (ii) appropriate to carry on the business of the regulated entity and preserve and conserve the assets and property of the regulated entity.” [12 USC § 4617(b)(2)(D).]
The act is pretty clear on what it intended FHFA to do and how the agency was to act toward Fannie and Freddie, yet DeMarco admits that he expanded on the agency’s responsibilities because he had certain understandings based on conversations with Members of Congress and the Administration. If there is enough support in Congress to change a law, then the law gets changed; or, the Administration may issue an executive order to enact rules or clarify regulations. What should not happen is an unelected bureaucrat deciding for himself to expand sections of laws to areas never considered, like the unconstitutional takings of private property without compensation.
http://investorsunite.org/
Investor Unite's Tim Pagliara Hosts GSE Legal Update Call with Richard Epstein
Investors Unite Briefing: 'What's Next?' in Legal Challenges to Unlawful Conservatorship of Freddie Mac and Fannie Mae
WASHINGTON – In the wake of District Court Judge Royce Lamberth's dismissal of lawsuits brought by Perry Capital and Fairlhome Funds, Investors Unite Executive Director Tim Pagliara will hold a media teleconference call on Tuesday, October 7, 2014, at 11:00 am EDT to provide a status update and strategy assessment of all current litigation challenging the U.S. Treasury's conservatorship of Fannie Mae and Freddie Mac and the 'zombification' of shareholders through the Third Amendment profit sweep.
On Tuesday, September 30, U.S. District Judge Royce Lamberth dismissed challenges stemming from the 2012 U.S. government's sweep of Fannie and Freddie Profits. Judge Lamberth's decision has created more uncertainty for investors. Discussants will examine the status of concurrent cases in the U.S. Court of Federal Claims and in the Southern District Court in Iowa, which address the constitutional issues of the unlawful seizure of property. Will the discovery process granted by Judge Sweeney in the U.S. Court of Federal Claims reveal possible collusion between the Federal Housing Finance Administration (FHFA) and the U.S. Treasury Dept.? And if investors prevail in these concurrent cases, what are the prospects for appeal of Judge Lamberth's decision before the Federal Circuit?
WHO:
Tim Pagliara is Executive Director Investors Unite coalition, a shareholder invested in Fannie Mae and Freddie Mac and Chairman and CEO of CapWealth Advisors.
Richard A. Epstein is an influential legal scholar and the Laurence A. Tisch Professor of Law at the New York University School of Law. He is also an Adjunct Scholar at the Cato Institute, the Peter and Kirsten Bedford Senior Fellow at Stanford University's Hoover Institution, the James Parker Hall Distinguished Service Professor of Law Emeritus and a Senior Lecturer at the University of Chicago Law School, and a policy advisor for The Heartland Institute.
WHEN: Tuesday, October 7, 2014; 11:00 AM EDT
DIAL: Toll Free: 866-952-1906
Conference ID: GSE
NOTE: Please RSVP to media@investorsunite.com
About Investors Unite: Formed by Tennessee investor and CapWealth Advisors Chairman and CEO, Tim Pagliara, Investors Unite (www.investorsunite.org) is a coalition of 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.
Fannie Mae progress
http://www.fanniemae.com/progress/
Indicators Suggest Continued Modest Recovery in 2015
http://goo.gl/kMnrZC
October 7, 2014 9:01 AM EDT
WASHINGTON, Oct. 7, 2014 /PRNewswire/ -- Following a recent dip in consumer housing optimism, most indicators have rebounded to the modestly positive trend seen throughout 2014, according to results from Fannie Mae's September 2014 National Housing Survey. Turbulent geo-political factors likely weighed on Americans' attitudes toward the housing market during the past couple of months. In September, the share of consumers who say now is a good time to buy a home is back up to 68 percent, a four-percentage-point increase from August. Additionally, the share saying they would prefer to buy a home on their next move ticked back up to 66 percent after a three-point drop. The results also show a notable jump in consumers' views toward the economy, with 40 percent of those surveyed saying it is now on the right track – a five percentage point increase from last month.
"The September National Housing Survey shows a slight recovery in consumer housing sentiment after a two-month setback, bringing us back to the modestly positive trend we've seen over the last year," said Doug Duncan, senior vice president and chief economist at Fannie Mae. "It might be too late to save this year's home sales from posting the first decline in five years. However, the return to an upward trend in housing sentiment, combined with this month's positive news on the jobs front, suggests that a broad-based, albeit measured, housing recovery is on track to resume in 2015. The results of the past few months show that consumer optimism remains cautious and somewhat volatile, and we'll likely continue to see bumps on the housing recovery path reflected in our survey results."
SURVEY HIGHLIGHTS
Homeownership and Renting
The average 12-month home price change expectation rose to 2.2 percent.
The share of respondents who say home prices will go up in the next 12 months rose to 45 percent. The share who say home prices will go down decreased to 8 percent.
The share of respondents who say mortgage rates will go up in the next 12 months fell by five percentage points to 45 percent.
Those who say it is a good time to buy a house rose to 68 percent. Those who say it is a good time to sell also increased—to 39 percent.
The average 12-month rental price change expectation fell to 3.2 percent.
The percentage of respondents who expect home rental prices to go up in the next 12 months increased to 55 percent.
The share of respondents who think it would be difficult to get a home mortgage today decreased by one percentage point.
The share who say they would buy if they were going to move rose to 66 percent, while the share who would rent decreased to 28 percent.
The Economy and Household Finances
The share of respondents who say the economy is on the right track jumped by five percentage points from last month to 40 percent.
The percentage of respondents who expect their personal financial situation to get better over the next 12 months fell to 41 percent.
The share of respondents who say their household income is significantly higher than it was 12 months ago increased by two percentage points to 25 percent.
The share of respondents who say their household expenses are significantly higher than they were 12 months ago increased slightly to 37 percent.
The most detailed consumer attitudinal survey of its kind, the Fannie Mae National Housing Survey polled 1,000 Americans via live telephone interview to assess their attitudes toward owning and renting a home, home and rental price changes, homeownership distress, the economy, household finances, and overall consumer confidence. Homeowners and renters are asked more than 100 questions used to track attitudinal shifts (findings are compared to the same survey conducted monthly beginning June 2010). Fannie Mae conducts this survey and shares monthly and quarterly results so that we may help industry partners and market participants target our collective efforts to stabilize the housing market in the near-term, and provide support in the future.
For detailed findings from the September 2014 survey, as well as a podcast providing an audio synopsis of the survey results and technical notes on survey methodology and questions asked of respondents associated with each monthly indicator, please visit the Fannie Mae Monthly National Housing Survey page on fanniemae.com. Also available on the site are in-depth topic analyses, which provide a detailed assessment of combined data results from three monthly studies. The September 2014 Fannie Mae National Housing Survey was conducted between September 2, 2014 and September 22, 2014. Most of the data collection occurred during the first two weeks of this period. Interviews were conducted by Penn Schoen Berland, in coordination with Fannie Mae.
Opinions, analyses, estimates, forecasts, and other views of Fannie Mae's Economic & Strategic Research (ESR) Group included in these materials should not be construed as indicating Fannie Mae's business prospects or expected results, are based on a number of assumptions, and are subject to change without notice. How this information affects Fannie Mae will depend on many factors. Although the ESR Group bases its opinions, analyses, estimates, forecasts, and other views on information it considers reliable, it does not guarantee that the information provided in these materials is accurate, current, or suitable for any particular purpose. Changes in the assumptions or the information underlying these views could produce materially different results. The analyses, opinions, estimates, forecasts, and other views published by the ESR Group represent the views of that group as of the date indicated and do not necessarily represent the views of Fannie Mae or its management.
Fannie Mae enables people to buy, refinance, or rent a home.
Visit us at http://www.fanniemae.com/progress.
Follow us on Twitter: http://twitter.com/FannieMae.
SOURCE Fannie Mae
We also may eventually (or not) have a 13D filing come out with the sale going on. MOASS?
Schedule 13D is commonly referred to as a “beneficial ownership report.” The term "beneficial owner" is defined under SEC rules. It includes any person who directly or indirectly shares voting power or investment power (the power to sell the security).
When a person or group of persons acquires beneficial ownership of more than 5% of a voting class of a company’s equity securities registered under Section 12 of the Securities Exchange Act of 1934, they are required to file a Schedule 13D with the SEC. (Depending upon the facts and circumstances, the person or group of persons may be eligible to file the more abbreviated Schedule 13G in lieu of Schedule 13D.)
Schedule 13D reports the acquisition and other information within ten days after the purchase. The schedule is filed with the SEC and is provided to the company that issued the securities and each exchange where the security is traded. Any material changes in the facts contained in the schedule require a prompt amendment. The schedule is often filed in connection with a tender offer.
http://www.sec.gov/answers/sched13.htm
Friday 38 100k+ share blocks traded sorted by quantity
T153000 = 9:30 EST
http://www.netfonds.no/quotes/tradedump.php?paper=FNMA.O&csv_format=csv
time price quantity
20141003T215300 1.9 323834
20141003T184406 1.8422 304951
20141003T185632 1.83 281994
20141003T162522 1.8 216430
20141003T172419 1.86 203342
20141003T195101 1.8 200000
20141003T181109 1.85 197012
20141003T193403 1.7962 192837
20141003T181055 1.84 159003
20141003T185604 1.8 152543
20141003T184912 1.82 150000
20141003T200540 1.85 150000
20141003T185939 1.82 145500
20141003T195911 1.83 135000
20141003T183213 1.8465 132600
20141003T180327 1.85 125699
20141003T165144 1.82 122800
20141003T214854 1.86 117580
20141003T190954 1.8295 114806
20141003T161835 1.7197 114480
20141003T204357 1.85 114369
20141003T193429 1.8 113439
20141003T161827 1.75 113323
20141003T160719 1.73 110900
20141003T192236 1.8198 105600
20141003T194420 1.8195 104457
20141003T193853 1.8 103560
20141003T213532 1.85 102400
20141003T172821 1.83 102015
20141003T162921 1.8 101300
20141003T182214 1.82 101300
20141003T195504 1.83 101300
20141003T201440 1.85 101130
20141003T195103 1.81 100200
20141003T171730 1.9 100000
20141003T184458 1.81 100000
20141003T185433 1.81 100000
Another TA perspective
Monday should confirm (or not) a three outside up candlestick pattern.
From the site below:
1. Three outside up candles that appear within a third of the yearly low perform best.
2. Select tall candles for the best performance.
3. For the best performance, look for the pattern in a downward retracement of the upward price trend.
GL and GLTA
http://thepatternsite.com/ThreeOutsideUp.html