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Bernanke
This on twitter! $PEII its heating up..why any news? Interesting
Nice Article!
Im in at .75
Its going to bounce up in morning! Wells Fargo is terrible about letting me buy stock and finally they said this one was ok to buy!
So I am Happy....Thanks Texhorn!
I'm NOT missing this one!
telling friends.
Alot of buys going on! Be patient it will come back..
Talked to my broker ( Buy) and he said its a BUY so I'm in!
I Did my homework...Company Information
http://www.trex.com
http://investor.trex.com/phoenix.zhtml?c=86979&p=irol-irhome
http://news.investors.com/business/010313-639219-decking-products-maker-trex-on-fast-track.htm
http://www.trex.com/trex/groups/content/documents/audio/trexmd_004372.mp3
With the housing market uptrend this could be a great stock for new homeowners as well as current home owners seeing there property increase in value and wanting to invest in there home. IMO
Do your homework I am not a professional or paid person pumping any stock I just like the numbers. I am a numbers person.
TREX +90 forecast
I read about this company last night. I checked into this stock. We also drove to home depot and its there top selling deck material.It's one of there hottest selling flooring option for home owners. If I had money to out in it long I would buy this stock. I also looked at there financials..Looking very good!!!!!!!!
I am loving this stock!
watching volume.
FNMA buy opinion chart
http://www.barchart.com/opinions/stocks/FNMA
KUDLOW SHOW FANNIE AND FREDDIE ON NOW!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Can someone PLEASE look into his plan to see if hes/They are playing both sides>>>>>Starting to wonder if Paulson and ______ is playing both sides and benefit either way! If FNMA wins he may wins if they lose he may still win..Can someone do DD on this. Sorry i would if I could..
I cant husband is taking away my computer for the weekend. My heart rate is all over and I'm on Nitrate tabs and have to take 2 weeks of work. &^%$$$. So if hes sees me on I'm in trouble.
.Anyone ..Please look into this..Just need to know.
Thanks Danna..
You Can't have my shares! Walking away from computer...
Best Advice I can give longs. Don't let anyone scare you out of your shares.
(((((~.~.~ Hold strong longs!~.~.~))))))
Someone sticks vincen71 post on
NEWS!!!: FHFA Annual Report to Congress, June 13, 2013. Some good news and heavy reading.
The FHFA's outlook on the future.
“Today, the government touches more than 9 out of every 10 mortgages. With this in mind, it is essential that FHFA help transition the mortgage market to a more secure, sustainable, and competitive model. The conservatorships of Fannie Mae and Freddie Mac were never intended to be long-term solutions.
It is vital to the lasting health of our country’s housing and financial markets that our elected leaders work to bring the conservatorships to a conclusion and define the government’s role and requirements for housing finance in the future. The steps we are taking to move forward on conservatorship strategic plan in 2013 should help to set the stage for whatever transition policymakers choose. Since Fannie Mae and Freddie Mac were placed into conservatorship, we have made major strides towards rehabilitating the mortgage market and keeping borrowers in their homes, but there is still much to be done.
The nation will need a healthy and efficient secondary mortgage market regardless of the final resolution of the conservatorships. That is why we continue to move forward with the framework we began in 2012—one that will work for the Enterprises now and in the future. We seek to establish a framework that can support the secondary mortgage market after conservatorship, with or without government involvement, and attract more private capital to the market.”
I see no mention of a wind-down. In fact, the FHFA talks extensively about building a secondary enterprise separate from Fannie/Freddie that would operate independently of them (but nothing of that secondary enterprise replacing them entirely).
thankyou for your post.very well thought out! :)
????????????????? I didn't hear anything like that
Fret boy your not alone Blue told be to buy in 3.90! I am under water by 50% =$38,500! Do you think he care,no! But he's right you should hold your shares at this point. You have to be patient and not look at it everyday. It will drive you nuts.
Look at my level! I'm still holding. This board is made of mainly shorts and day traders. Most have left as there no big swings anymore. The longs here are still here. Read JohnCM and newtrader1985 post it will help ease the slight sting.
Shut up Reasonable!!!!!!!
You still have milk on your breathe!
You can't bring it down with a negative comment. You don't have that kind of power. Sorry had to say it.
FNMA= everyone's loading..
You missed your boat at 1.50. As most did. Nice try though
Try not to bash and come to the other side. We will hold you hand.
Were a family here!
WHY ARE THERE 918 BUY ORDERS AND 21 SELL ORDERS AND THE STOCKS NOT MOVING? someone EXPLAIN THIS TO ME..With that many buy order I would not lower my price to sell. You would think the market would fly up..I DON'T GET IT!I feel a simmer in the stove something coming..hmmmmmmmm IMO
NewTrader1985. Have I told you lately how much I luv you!
:)
Go FNMA!!!!!!!!!!!!!!!!!!!!!!!!!
ok ok I'll be patient Fannie Mae although I got my eye on you!
" my precious" Love it~! Go Fannie
The FNMA chart looks like the Dow Jones Industrial Average (^DJI)
-today and all last week. Its just the market reacting. It will go back up.
look for yourself!
yea! he pisses me off. Sorry Lord but he does. I tweeted him about FNMA told him I was not going to watch his show anymore! that he was a Jerk
Fannie Me is doing good compared to the market!! Read me!
Shes holding her ground Let me remind some of you we had a very RED market today!
Yet Fannie Mae was up!
FANNIE MAE
1.98
3.66%
S&P 500
1,626.13
-1.02%
NASDAQ Composite
3,436.95
-1.06%
Dow Jones Indust…
15,122.02
-0.76%
Yes I think it might be. I'm not a professional and I a very new to investing/trading. So please do your home work. I am more better at research than executing at the right time. My husband works for a concrete scanning, concrete coring business where we live. His company is not quite the same. He works so much as it crazy busy here in Cal. He was given some info from his broker about upcoming IPO . So I read over it and I'm not sure what I can do but set this page up. I have alot in FNMA as you know. I have to wait for it to go up so I can get in here. I may miss this chance to buy VEBM as Fannie make take months! VEBM won't be a penny stock its getting listed! I have some info on it if you want me to email you it. Email me here at IHub in private your personal email and I'll send it from my email account. Since Ive talked to you both off grid I don't mind. if you ask me question there I cant reply as my account expired except level 2 I kept. I will need to renew my account soon.
Danna
Texhorn60: do the same and Ill send it to you.
Wish I could be riding along. Still trying to wait it out. Stuck at under 2. I have been reading about Biozoom 3 days ago!Had no Idea I just learning God Bless you all who see a good thing. I am trying to be patient C. Still would love to work with you give me some time to figure my hole out.
D
Blue Check out BIZM
Texthorn-I wish I was riding this with you! Sorry I haven't emailed back. I need to renew my account to get mail. Waiting for bank to issue new one in mail. Go Biozoom! gessshhhhhhhh I'm Jealous. Be careful remember what the hedge funds did to FNMA.
Thank you buccaneer1961. Hoping tomorrow is a better day. Someone posted to not sit and watch FNMA stock or it will drive us crazy. I am going to take that advice and make some strawberry Jam with my daughters and catch up on housework. I have the next 2days off and that's pretty rare. Ill peak in off and on. I don't think the stock will shoot up to so fast. Although it would be nice based on the suit. Slow and stead wins the race my moms use to say. I would rather it go up slower and stay up with some small dips for those that do that day trading thing. Goodnight everyone. Better get to bed before hubby gets mad at me.
Danna
sammyb79- I AM SO JEALOUS . I Want a Terrier so bad for our daughter. her puppy dies of heart failure.
I have to stay long with Fannie Mae FNMA. I invested our retirement account in 78K! So I am not playing around. Wish I kept some to buy and sell for fun. This is a chance of a life time. I can gamble for years and win nothing! I could play the lotto and most likely never win more than $5 I got Cancer in February and survived! So here's me taking chance of a lifetime.
I believe in Fannie Mae position. I am not married to this stock but I am married to it's potential profits to come! Pssss don't tell my husband I'm cheating on him!
So this is going to change our lives. I will not LET any bashers break my SPIRIT. I'm to strong for that.
Long and proud!
Danna
That's my favorite dog!!!!!!!!!Go FNMA. Weird that you posted that! Our puppy past away 2 months ago. I wanted a West Highland Terrier but could not afford one. Fannie Mae Long```````` my baby girl wants A PUPPY! OK MAYBE TWO!~)
Hold onto your panties and your shares.
It will take some patience and I'm sure it will all be worth it.
This is a chance of a lifetime/ IMO.
The stock may go down and it may go up. It may even become static at a certain PPS. All I know Is I'm long! I want to take care of my family. I want better things for them. I want to make life easier so I can be with them more.
FNMA stock is going to up and down. I'm ok with that. I'm not going to get scared. I have to have patience since this is going to take some time to sort out . Tell yourself that! Don't sell your self or your profit short.
yes love his article.
News: Best article EVER about FMCC. It makes thing more clear why you should stay long and not sell.
Link at end.
Written by : Bryndon Fisher
Out of the ashes, a phoenix shall rise. But, unlike that creature from Greek mythology, the resurrection of Fannie Mae ("Fannie" (FNMA.OB)) and Freddie Mac ("Freddie" (FMCC.OB)) was not due to a miracle. No, these two companies recovered through a combination of 1) an improving economy, 2) effective management decisions, and 3) prudential stewardship by their conservator, the Federal Housing Finance Agency (the "FHFA"). And now these firms are experiencing robust earnings, with Fannie and Freddie reporting pre-tax income of $8.1 billion and $4.5 billion, respectively, for the first quarter of 2013; and they are expected to remain profitable for the foreseeable future.
Yet the FHFA has not taken any steps to prepare Fannie and Freddie for release from their conservatorships and for their return to the shareholders, even though it has become obvious to most interested observers that these companies have regained tremendous financial health. In fact, the FHFA did just the opposite when in August 2012 it agreed to the 3rd amendment to the Senior Preferred Stock Purchase Agreements (the "Agreements"). Beginning January 1st of this year, the enterprises are required to pay dividends to the U.S. Treasury (the "Treasury") in an amount by which their net worth at the end of the immediately preceding fiscal quarter exceeds zero, less the applicable capital reserve amount. As a result, the two companies are essentially imprisoned in their conservatorships, since they are unable to build capital in order to regain their solvency classification status under the Housing and Economic Recovery Act of 2008 ("HERA") and thereby qualify for release 12 U.S.C. § 4614(a)(1)(A-B).
This action by the FHFA is in stark contravention to its mandate as conservator under HERA that empowered the agency to take any and all actions as may be "necessary to put [Fannie and Freddie] in a sound and solvent condition" 12 U.S.C. § 4617(b)(2D)(i)-(ii). Moreover, this act is a deliberate attempt by the FHFA, and possibly the Treasury, to avoid the covenant to the shareholders that states, "Upon the Director's determination that the Conservator's plan to restore [Fannie and Freddie] to a safe and solvent condition has been completed successfully, the Director will issue an order terminating the conservatorship[s]" (Pg.2). This situation is something I wrote about last month.
A Change in Narrative
Up until now, the narrative has focused on aspects based primarily on the premise that the fate of Fannie and Freddie rests in the hands of Congress and the president, and that they and they alone will decide the future, if any, for these two entities without regard for the common and preferred shareholders. This is a theme that has been advanced by many financial and non-financial journalists and pundits who simply repeat what they have been told by lawmakers and the Obama Administration. But there is an overarching principle that is conspicuously absent from the discussion -- the FHFA has a fiduciary responsibility as conservator to the shareholders of these companies. Through the enactment of HERA, a commitment was made to restore these companies, if economic conditions allowed, and return them to their owners. And although the two companies are federally chartered, they are publicly traded, for-profit enterprises tasked with, among other things, providing liquidity and stability for America's housing finance system. So, after having kept the two companies in conservatorship for almost five years, the federal government is left with three basic options for the disposition of Fannie and Freddie.
Option 1
The first option is for government officials to direct the FHFA to comply with the original intent of the conservatorships and amend, retroactively, the Agreements with the Treasury to allow the companies to use funds in excess of the 10.0% annual dividend amount for the rebuilding of their capital structures and the repayment of their debt to the Treasury, effective January 1, 2013. Additionally, the two firms are to be released from their conservatorships and returned back to the shareholders when each company has achieved certain risk-based capital requirements, as provided by law 12 U.S.C. § 4611(a)(1).
Furthermore, Fannie and Freddie are to be relisted on the New York Stock Exchange, with any remaining amounts owing on the Treasury's aggregate liquidation preferences to be satisfied by exercising whatever portions of the warrants are necessary to retire the debts and unpaid interest (dividend). Also, through a prudent mix of debt and unused Treasury warrants, the two companies could hasten the process of full recapitalization beyond the basic regulatory requirements. Consider, too, that conservative estimates indicate that on a fully diluted basis, the initial values of the common shares for Fannie and Freddie could be approximately $37.00/share and $29.00/share, respectively. And finally, if Congress still wishes to reform the enterprises, the Congressional Research Service has provided several alternatives in their February 2013 report to Congress that are not contrary to the conservatorships, the taxpayers, or the tax-paying shareholders.
Option 2
The second option is for Congress to seize, once and for all, these shareholder-owned enterprises for public purposes, purposes that would preclude current shareholders from participating in the liquidated assets or the new or reformed companies' profits. This option is messy, though, because it would force the government to properly compensate common and preferred shareholders under the Fifth Amendment to the U.S. Constitution for the taking of their companies; thus, requiring forensic accountants, and micro- and macro-economists to determine the fair value of each company's common and preferred shares using the fair value of the assets and liabilities. And it would probably lead to a multitude of lawsuits that would challenge those fair value estimates and, subsequently, impede the implementation of any housing finance reform.
Option 3
The third and final option is for Congress and the president to continue to do nothing as both companies and their shareholders languish in a state of uncertainty, while the Treasury's coffers fill with improperly appropriated and highly questionable gains. This option, however, will produce only one, very swift result -- a shareholder derivative suit. A shareholder derivative suit is a legal action initiated by one or more shareholders on behalf of the company against a third party (e.g., management, directors). In this case, the third party would be the conservator (the FHFA), and the cause of action would be for breach of fiduciary duty. But, HERA legislation was crafted 1) to prohibit shareholders from bringing suit, and 2) to limit judicial review.
A Matter of Law
Fortunately, a careful review of the law and of recent court decisions involving the FHFA, Fannie, and Freddie reveals something different. HERA stipulates that the FHFA "shall, as conservator or receiver, and by operation of law, immediately succeed to . . . all rights, titles, powers, and privileges . . . of any stockholder" 12 U.S.C. § 4617(b)(2A). This means that the FHFA acts on behalf of the shareholders and, consequently, substitutes itself as the shareholder in all derivative actions against Fannie and Freddie. However, the D.C. Court of Appeals found in Kellmer v. Raines, 674 F.3d 848 (2012) that "the statutory language bars shareholder derivative actions . . . absent a manifest conflict of interest by the conservator." Thus, a conflict of interest does exist, since the proposed action is not against Fannie and Freddie, but against the firms' conservator, the FHFA. So, the onus is placed upon the shareholders to defend the two companies from the actions of their conservator.
Likewise, HERA severely limits judicial review, stating, "Except as provided in this section or at the request of the Director, no court may take any action to restrain or affect the exercise of powers or functions of the [FHFA] as a conservator or a receiver" 12 U.S.C. § 4617(f). Therefore, in County of Sonoma, et al. v. Federal Housing Finance Agency, Case No. 12-16986 (2013), the appellate court held that "the courts have no jurisdiction . . . if the [action taken by the FHFA] is a lawful exercise of [its] power as conservator of [Fannie Mae and Freddie Mac]."
But the FHFA's action to amend the Agreements in August of 2012 was not a lawful exercise of its power as conservator, since the amendment intentionally prevented the companies from rebuilding capital and achieving a sound and solvent condition. Additionally, the court found it essential to underscore the FHFA's mandate to Fannie and Freddie by saying that the "FHFA has the 'incidental power' to take 'any action authorized by this section, which the [FHFA] determines is in the best interests of [Fannie and Freddie] or the [FHFA]' 12 U.S.C. § 4617(b)(2J)(ii)." Clearly, keeping the firms undercapitalized is neither in the best interest of the companies nor the FHFA.
One Final Word
HERA makes clear the conservator's purpose of ". . . rehabilitating the affairs of [Fannie and Freddie]" 12 U.S.C. § 4617(2). Furthermore, the purpose of the conservatorships, according to the FHFA, is "to preserve and conserve each [company's] assets and property and restore the [companies] to a sound financial condition." The shareholders in these two companies relied on the promises made by the FHFA and, thus, willingly bore the risk that the economy would either not recover quickly enough or substantially enough to allow Fannie and Freddie to survive. Now that they have come back, the FHFA has lost its way and decided that those promises are inconsequential in principal, on moral grounds, or as a matter of law.
John Adams once wrote that we are "a government of laws, and not of men," meaning that no one person (or agency) makes the laws or decides the laws, and no person (or agency) is above the law. The shareholders (both common and preferred) in these companies have legal rights that cannot be ignored or circumvented for political conveniences or objectives. And although the FHFA is owed a debt of gratitude for their sterling leadership during the dark days of the Great Recession, they need to return these entities to their rightful owners -- us. And if they cannot see their way clear to doing it voluntarily, then a court of law is going to show them the way. So, in the words of President Franklin Delano Roosevelt: "[They] have asked for it, and they're going to get it."
seekingalpha.com/article/1492262-the-just-and-legal-way-forward-for-fannie-mae-and-freddie-mac