the price is the price is the price
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Goldman Sachs Research Note Today - Corker Warner is viable option and mortgage rates set to jump 1.5%. Believes legislative solution in 2018!
Credit Losses Are Back Adjustable Rate Mortgage Rates Booming, Housing Prices are Dropping!
$1.4 billion in credit losses in 4th quarter! Watch out!
http://www.fanniemae.com/resources/file/ir/pdf/quarterly-annual-results/2016/q42016_release.pdf
you don't own that plane, the taxpayers do!
most earnings come from freddie's hedge fund investments
http://www.freddiemac.com/investors/er/pdf/supplement_4q16.pdf
most earnings come from freddie's hedge fund investments
http://www.freddiemac.com/investors/er/pdf/supplement_4q16.pdf
Adjusted for coming credit losses the gfee business is unprofitable. Fannie makes all its money off the levered hedge fund MBS trading book! Borrow money at the us government credit rating and buy their own MBS and make a killing! No end to conservatorship in sight
Mortgage rates rise housing prices drop Fannie loses money. No end to conservatorship in sight!
Great then no need for 30 yr fixed rate mtgs or Fnm anymore!
yes, the Fed bought trillions in MBS to artificially pump up housing prices! That has been a big part of the windfall profits to Fannie! Who should get those profits? taxpayers or hedge funds?
Mortgage rates will go up 300 bps and housing prices will drop 20% again. Everyone will be under water. Fannie will have to take a new $180 billion loss - or worse
to the us government who is making the guarantee
housing is about to crash again
https://www.wsj.com/articles/millennials-are-less-mobile-than-young-people-have-been-in-decades-1487017646
Freddie increasing loan loss provisions, moral is it is too late in the credit cycle for co's to be make any plans to leave conservatorship. as interest rates rise, housing prices will drop, and it could get really bad for the companies. nobody knows, and US government will continue to have to stand behind the $5 trillion in liabilities to keep the housing market afloat.
Freddie increasing loan loss provisions, moral is it is too late in the credit cycle for co's to be make any plans to leave conservatorship. as interest rates rise, housing prices will drop, and it could get really bad for the companies. nobody knows, and US government will continue to have to stand behind the $5 trillion in liabilities to keep the housing market afloat.
imo only reason commons trade over 50 cents is the Ackman pump. if he wasn't around, pfd's would trade higher, and most hedge/mutual funds would own as a liquidation and/or settlement play.
imo, ackman just owns commons like they are long term leaps, and he knows they are most likely worthless or he can atleast get his $2 back in a settlement.
nobody knows, but the co's will never be spit out again with 100x leverage and paying out all capital to "private" shareholders
the companies earn a spread based on the difference between the US government's credit rating and taxpaying homeowners' credit rating. there is no room for shareholders in that spread equation.
additionally, the companies put an enormous stress on the credit rating of the US government. Government must be compensated for taking that credit risk. Thus all profits are the government's.
Ask Chris Whalen, Kroll Bond Ratings.
yea, falling on the mnuchin confirmation is a terrible signal. realization that these co's will never have the capital to backstop themselves no matter what. Hensarling, et al will not give the companies a too big to fail backstop and let private shareholders profit off taxpayers.
it is well known amongst hedge fund community that common s/h get nothing. pfd's are living on a mnuchin prayer
feels like our TT is in the meat grinder because there is an no realization that the trump agenda is a bridge to nowhere. I bet Glen Bradford is even selling!
We got Slammed Today Because Herbalife is Mushrooming while Valeant and AIG continue to Crater
Our fund managers are really struggling, and investors are pulling the plug
It was best to Withdraw from Fannie on Valentines Day! Things getting too messy!
The ol buy the rumor, sell the news? Good to have a compliance officer on the board like you. We know you have a lot of experience being a prick to the industry of investment banking. Surprising that you are taking the side of the greedy hedge funds here, but hey, welcome to the dark side!
Jeb Hensarling is a nasty little man. Mean! We want our release now!
Pay us off and we will go away!
If this trade fails, we'll all be back in Nebraska shucking corn like Tommie Frazier!
Most probably a new housing finance system is being built by Goldman Sachs, For Goldman Sachs, and for the Liberty and Justice of Goldman Sachs!
Sounds like Warren, Crapo, Corker, Shelby don't want to throw fannie mae back to the days of old with 300 to 1 leverage and paying $100 million pay packages to executives. Oh well, we tried
Sounds like Warren, Crapo, Corker, Shelby don't want to throw fannie mae back to the days of old with 300 to 1 leverage and paying $100 million pay packages to executives. Oh well, we tried
Crapo crapped on shareholders again! We all know what Johnson Crapo Corker Warner is all about! We also know that Senator Shelby hates us. downer on the Senate banking cmte for shareholders
Crapo crapped on shareholders again! We all know what Johnson Crapo Corker Warner is all about! We also know that Senator Shelby hates us. downer on the Senate banking cmte for shareholders
Everybody troll Chris Whalen!
Christopher Whalen, 646-731-2366
Senior Managing Director
cwhalen@kbra.com
Chris Whalen just porked us again! Thanks big boy!
Gary Cohn and Mnuchin will give away the CSP to Goldman
Treasury will let Fannie and Freddie books go into runoff mode and keep all profits
This will privatize the system
we get nothing
Gary Cohn and Mnuchin will give away the CSP to Goldman
Treasury will let Fannie and Freddie books go into runoff mode and keep all profits
This will privatize the system
we get nothing
Bill Ackman says we are the sex drugs and rock and roll in his portfolio!
Fanniegate are his leather clad, chain smoking, 50 year old tour bus groupies!
Willing to do anything and everything to ride this bus!
Bill Ackman says we are the sex drugs and rock and roll in his portfolio!
Fanniegate are his leather clad, chain smoking, 50 year old tour bus groupies!
David Tepper, Trump won't give us 1 Dime!
http://video.cnbc.com/gallery/?video=3000565869
I'm spending all weekend reading Fannie Mae's SEC filings and drinking beer! I can do this for another 8 years and not get 1 dime! Not 1 dime!
Calabria's "Wind Them Down" plan
https://www.cato.org/blog/treasury-should-revive-snow-plan-limiting-gse-debt-issuance
Calabria's "Wind Them Down" plan
https://www.cato.org/blog/treasury-should-revive-snow-plan-limiting-gse-debt-issuance
Pfd shareholders like Calabria because he will liquidate and pay them off!
End game is here!
CSP platform will be given away to big banks to create baby bell, baby fannies!
Calabria equals receivership. I sharted in my best Armani when I read about Calabria, Cato and AEI running the show
Mark Calabria Tape Bomb Out, Ouch
We will never get anything now. He wants all home loans to be held on bank balance sheets and for legacy Fannie to have 10% capital, etc.
He is old school like Jeb Hensarling. Now he will tell Trump what to do. Looks like Peter Wallison and Ed Pinto win out