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Gap fill 2.45
Had a dream we rose to the teens then the 20's, 40's, hit top at 64. Damn
This needs to hit $6 asap or $10 please
We should push over 2.80 on Monday. Maybe even over 3.00.
Made $1,125 in 3 hrs. Not bad. Still holding for tomorrow. Hopefully this keeps running for another day or two. Good luck everyone.
Soooo gooood
Locked and loading. Waiting for this saga to end.
Where's Blue ???
Good day today. Last time we pushed through ema 60 we went to 3.08 time before that we went to 5. Good luck everyone
$2.50 we need to get above and stay above.
Hopefully tomorrow we continue uptrend. Need to break back up to 3.00. I'm locked and loaded
Looks like reversal is coming
Every summer we go down. Starting in June. Look at past charts
We go up
Arnold is coming back. U know what that means.
2.76-2.83 next resistance
50dma head bump?
Still here. Wearing thin but still here.
NPR all things considered news
Arizona has no water. Who cares.
No gap at 2.51.
2.67 drop gap fill
Trump Official Says Fannie, Freddie Should Let in Private Market
More stories by Joe Light
May 15, 2017, 2:55 PM PDT
by
Treasury counselor Craig Phillips backs credit-risk transfer
Administration is reviewing crisis mortgage rules, he says
A top Treasury Department official said the Trump administration wants to boost the role of private capital in the mortgage market, a longstanding Washington goal that has largely befuddled policy makers since the 2008 financial crisis.
Transferring risk away from Fannie Mae and Freddie Mac is “core” to U.S. housing policy, Craig Phillips, a counselor to Treasury Secretary Steven Mnuchin, said Monday at a conference in New York. Without outlining any specific plans, Phillips said a central goal is increasing the amount of private loans in the market that lack government backing.
Since 2013, Fannie and Freddie have tried to offload risk by packaging mortgages into new securities that they sell to hedge funds and other money managers. While the securities protect Fannie and Freddie from losses should the loans sour, they also force the companies to forgo upfront revenue. Critics of Fannie’s and Freddie’s efforts have said the companies often get bad prices, in effect relinquishing revenue for little risk protection in return.
Phillips’s comments were one of the first times an administration official other than Mnuchin has discussed the mortgage-finance giants, which back about 40 percent of the market. Fannie and Freddie have received $187.5 billion in taxpayer aid since 2008 and have been under government control through conservatorship.
Dividend Payments
The remarks came less than a week after Mel Watt, who heads Fannie’s and Freddie’s regulator, told members of the Senate Banking Committee that he may suspend the quarterly dividend payments the companies make to the Treasury. Such a move by the Federal Housing Finance Agency would be aimed at preventing another taxpayer rescue. Still, it would probably be met with ire from some Senate Republicans who fear it could sap momentum for a housing-finance overhaul. Phillips did not address Watt’s remarks.
Under the terms of Fannie’s and Freddie’s bailout, they must pay all their profits to the Treasury. At Monday’s conference, an FHFA official said any change made to the dividends would be a “delay,” not an elimination of the payments. The goal would be allowing Fannie and Freddie to hold enough capital to protect against small operating losses, said Bob Ryan, who oversees the companies’ conservatorship.
“The objective here is not to recapitalize these entities in any fashion,” Ryan said.
Policy makers have attempted to bring more private money into the mortgage market for years. But private-label mortgages bond still make up a tiny fraction of loans overall, while the government, including Fannie and Freddie, dominates the market.
Phillips said the Treasury Department was looking at mortgage rules implemented after the crisis to see if they made private lending too difficult. He said the review includes the costs of servicing mortgage loans and the so-called qualified mortgage rule that protects lenders from being sued after making a loan.
Mnuchin is scheduled to appear Thursday before the Senate banking panel, and will likely face questions on Fannie and Freddie.
Don't you guys think Craig and Mel have spoken as well?
Don't you guys think Craig and Mel have spoken as well?
18th same time same channel
Yes it was after hours
Just you wait until fannie gets her move on
They are not sells. Someone bought and the order settled after hours. No way someone sold afterhours for .20 cents lower.
Dip then rip?
Tucker needs to post on his twitter account. Why isn't it there?
Sold rebought. Added 1,250 shares and pocketed 497.00 dollars. Not a bad day!
Fat finger FNMAS 7.70 buy
Not good at all
We should be dropping more than this. Hmmm.....
Maybe they didn't discuss it in the meeting and said oh shoot let's send them a letter since we forgot
Exactly
The Monthly Treasury Statement is released at 2:00 PM on the 8th business day of each month.