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isnt 100b required ?
www.valuewalk.com/2017/04/fannie-mae-mortgage-bankers-plan/
good article
Trumps executive order friday basically allows him to fire Mel Watt..... this was put in place right before his tax plan to be announced the next week. Along with news of preferreds being ordered at 10x their normal pace on friday. FNMA PPS +$3 monday +$4 on weds
OCWEN is a major mortgage servicer....but as a replacement for the GSEs? really?
The GSE will be regulated and will never fully be released. they will go back to the way they were before 2008 with restrictions. It is the only logical way that anything will happen with them
nope, I think it has to do with insider trading. His advisers are set to making billions and he knows he has to treat is delicately. Other way around he would of said he will do housing reform and wind down the GSEs....politicians have been saying that openly for years.
Trump hasn't said one word about FNMA for a reason ...... and its not because he is going to screw over all his billionaire economic advisors with millions of shares.
The courts would be a nice way of getting FNMA out but in all honesty the reform will happen via congress and white house admin. TBTF banks will not take over the security market in any significant way and the GSE's will remain GSE's. OUR only fear is if they liquidate the common shareholders for new common stock to recap FnF to the 100b min.
i had no idea berkshire rolled that hard on WF
can I get a fact check on that? Do they really hold 24 billion dollars worth of WF
Very interesting. Could be due to not getting security market but more likely slowdown in mortgage
I saw #FannieGate retweet something about it....
Fanniegate also tweeted Mnuchin is meeting with ICBA which could be interesting.
I saw the sweeney granted another 6 weeks to release the 11k docs
Good luck with that, one guy put in a 800k order ($$2mm) and the stock skyrocketed 10%. Think if something leaks out really positive....2 million in asks would be a drop in the bucket
congress really has it out for this stock
Who in the hell bought 800k shares....
Penny Warrants will be cancelled, they serve no purpose
VERY NIIICE
Icahn currently owns 12.5 million shares at $4 a share. He is currently showing a loss of close to 20mm and I guarantee he doesnt give a chit..... why you ask? not because he has a net worth of 20 billion rather he knows housing reform will happen and with that the release of FNMA. He would stand to gain over 1 billion if the recap and release is property done......OH! and all he has to do is advise donald trump to do so....... done and done. buy as much as you can and dont listen to day traders
"FNMA....no one goes to that place anymore...Too crowded"
Ill alert the media, NWS is over.
9mm in trading volume today....why? there has to be a good reason other than a 4 day old NWS
I should care more but I really don't at this point. What is my fear? That they wipe out all common shareholders and reissue stock? That they get rid of FNMA and FMCC all together and put the liquidity risk on TBTF banks? that they keep the status quo NWS indefinitely?
From the best thoughts I can muster about likely scenarios it all boils down 1 likely outcome. Strict government oversight into Fannies business BUT still a GSE.
sadly at this point I want the stock to go down to 1.50 or somethign so I can buy more.
true but that wasn't anything like what happened in 2008 with HERA.
I would like to know why its tanking? any guesses? This can not be from the NWS being sent friday. This has to be due to something going on in trumps meeting with all those hedgefund guys.
This is brutal
is that why this is tanking?
It's tax season. He probably sold them all to a friend or something so he can write it off
This is really tanking (preferred especially) there could be some news out we dont know....sheeet
Moodys and S&P were the problem. they rated every bundle at AAA. if they do their jobs the 2008 collapse would of never happened.
10 billion dollars all in 100's weighs 220,000 pounds
no I really don't? the NWS and conservatorship both are ending
The NWS is going to end....this payment doesnt matter one bit. They have to come to a bipartisan effort through congress and this takes time. FNMA and FMCC are not goign anywhere and the stock price will be worth a min of $18 a share
Mnuchin isnt a batman lego character and wouldn't wait till the heroic final hour to announce something like this. he will accept the 10,000,000,000 check
FHFA already announced the NWS will go through....nothing is going to happen until April 17th when the 11k docs are released.
agree totally, we need this market to be govt secured. The govt already insures deposits and has enough of their neck on the line with that....these banks dont need that much additional risk.
But at the end of the day, what FNMA does can be done by banks.
big banks can do exactly what the GSEs do and did for years....this just left them vulnerable and cash poor. There will always be a market for a FNMA or FMCC like it or not
its priced in but when it actually happens we will see a dip just bc any price right now is speculative. We will eventually float back to where we are right now or higher once good news comes out.
What we know is that GSE reform is being worked on and FNMA isnt going anywhere. Once we know all of this will be a distant memory while we are sitting on a beach earning 20% (as Hans Gruber would say)
HAHAHA sooo true. Ill bet you a dollar we can make millions and at the same time bankrupt Obamacare?