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Thanks guys....I appreciate.
I was about to jump in with a purchase but was wondering if anyone has had trouble liquidating their position?
Yes, this is more succinct.
Pages 134-140 detail the remaining items items to be completed by FHFA. I think once the above are accomplished conservatorship will end. It sucks they have rented office space up to 2017 though.
http://www.fhfa.gov/webfiles/25882/PAR_2013.pdf
Good thing this Bill isn't going anywhere....
https://www.govtrack.us/congress/bills/113/s1048#
We already have a nut....you need to move on...
Fidelity is great in every regard except that you cannot use stops. Kind of like that med that grows hair but causes impotency.
Nader letter to Watt.
https://groups.google.com/forum/#!topic/freddienfannie/BINHT0PQJmc
Ok thanks! I appreciate.
What kind of video card are you running? Really looks nice!
Fidelity is ok but you cannot put in trailing stop loss orders with them. I really miss that function. I believe Paul Wall has a company that will do them.. I'm thinking TD Ameritrade but not sure. You may want to ping him.
I guess you can put me on the list. I been holding since 2/4/2011.
I like this part....
For example, in support of the bill, Senator Isakson (R-GA) explained that:
The bill we are doing tomorrow is not a bailout to Freddie Mac and Fannie Mae or the institutions that made bad loans. It is an infusion of confidence the financial markets need. Fannie and Freddie suffer by perception from the difficulties of our mortgage market. If anybody would take the time to go look at the default rates, for example, they would look at the loans Fannie Mae holds, and they are at 1.2 percent, well under what is considered a normal, good, healthy balance. The subprime market’s defaults are in the 4 to 6 to 8-point range. That is causing that problem. That wasn’t Fannie Mae paper, and it wasn’t securitized by Fannie Mae. They have $50 billion in capital, when the requirement is to have $15 billion, so they are sound.
No calls or puts available for hedging FNMAS. (At fidelity).
Can't even do a stop loss.
It looks like they are shooting for three choices:
1) private capitalization. (Who has 3 Trillion they want to invest at 3% for 30 years?). See Cate post.
2). Mortgage Insurance (seems most likely because it's everywhere now). Another -AIG in the making though....
3). A new platform investors can leverage. ( don't know what form that would take).
If he is indeed going to follow the Facts sheet previously posted, he will begin the non-legislative steps. Which really isn't pretty for longs. I don't think he will ever get to the legislative steps.
B. Intermediate Steps to Transition to a New Housing Finance System: While bi-partisan legislation will be critical to creating a new housing finance system, non-legislative steps can be taken now to facilitate a gradual transition to the new system and to facilitate the wind down of Fannie Mae and Freddie Mac, including:
(Note:from the Facts Sheet)
Continue to aggressively wind-down Fannie Mae and Freddie Mac’s investment portfolios by at least 15% per year. This will reduce Fannie Mae and Freddie Mac’s holdings of risky mortgages and related securities to a manageable balance by 2018.
Accelerate a process of systematically reducing the government’s direct credit risk exposure by bringing private capital in front of the Fannie Mae and Freddie Mac guarantee. The government currently takes direct credit risk on more than 80% of all new mortgage originations, through FHA, VA, USDA, and Fannie Mae and Freddie Mac. There are two key approaches for reducing Fannie Mae and Freddie Mac’s credit loss exposure: 1) a capital markets approach in which private investors take on the risk of the portfolio’s first losses (a “risk syndication model”); and 2) an insurance approach in which well capitalized and regulated private institutions insure a portfolio of mortgages against default and collect insurance premiums (a “mortgage insurance model” or “MI”). The period of transition before Congress passes comprehensive legislation should be used to continue aggressively piloting these approaches to both reduce the government’s exposure and gain valuable insights about the most efficient ways to encourage private capital back into the housing finance system.
Prioritize the development of a common infrastructure / securitization platform that private actors can leverage. FHFA has directed Fannie Mae and Freddie Mac to pursue the important work of developing a common securitization infrastructure. This platform can also help facilitate securitizations by private companies by providing essential services and standardization which could help foster competition, better protect consumers, and increase investor comfort in investing in mortgage backed securities.
Crawford2012 seems to have overlooked the most important part of the interview. The interviewer is HOT! I know some stuff.....
Snooze Festival!
Does anyone know if there is a website like FinViz.com except for OTC? Then we would know who is buying these big lots.
Any help appreciated!
2.4 million shares bought and the price goes down? What's up with that?
Haha! that's quality entertainment there!
This beginning to look like my recent Beanie Baby investment!
Does anybody here use Tobin's Q to time the market? It's at it's further outlier and looks like its time to bail (market overpriced). I know this is a FNMA board ..but I know you guys have other stocks and I'm not sure where to ask such a question.
$2.40? Oh Elizabeth! Jesus is coming for me!
I hope your right! Geez, I need a less volatile hobby.
Ohh darn. Back down she goes.
Take out the battery and wait 30 seconds. Install battery.
Over 700,000 shares FMAS traded after hours.
Yeah, I saw her. I think she is playing both sides of the fence. Praising deMarco yet still wanting to eliminate the GSE's. She will end up going which ever way the wind is blowing insisting it was her idea all along.
It does seem to ring of the "real reality".
On the right under trades...there are green trades and red trades....what are the black trades?
FNMA is not for the impatient!
Is this where the whores come in?
Thanks jar. Don't know know whether to buy more or just bail and get the preferred FNMAS.
I wonder what the open will be?
Thanks Mr. Fence!
Thanks Usmc
Where's the bottom gonna be?