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In case you are not aware of this but while at OWB brooks was in mnuchins inner circle. Daily meeting etc. Brooks is now running FNMA..... these guys are good friends
ya right ha....he is fielding questions from the panel.
The reason why the PPS has gone down is directly due to his testimony tomorrow however. They are selling off bc the traders are going to watch closely tomorrow. if its good news they will buy back the shares, if bad they have already sold.
Did FNMA ever default on a payment?
Anyone know what time Mnuchin speaks tomorrow?
I mean the writing is on the wall for congress to recap and release FNMA. The dems have to because of "community lending" and the republicans will do as the POTUS wish. there may be some crooked corkers in the mix but they wont have the numbers.
You probably get this picture from Trumps Public persona, the diamond pistol packing drug addict that bags on his momma. (eminem)
I dont think trump cares about what the public thinks...
Does Gary Cohn have FNMA stock?
they have an entirely different fee based model on top of vast other reforms. For one even if they wanted too they could package high LTV stated loans and get them rated AAA.
point being the risk of R&R isnt as much as you believe.
wait...do you actually think FNMA is the same now as in 2008?
why would a FNMAS investor be on this board....? Im FNMAT and we are invited but FNMAS should f off :)
or 1b additional shares sold at 100 PPS = 100b
Point is there is no need for all 5b penny warrants to raise the capital. They can sufficiently get this dont for a whole lot less
sure does and spoken like a true sith lord he speaks in absolutes. If you also read into what he says "SOMETHING HAS HAPPENED RECENTLY AND IM NOT SURE WHAT IT IS" leads me to beleive he has been in contact with DT mnuchin or someone else who has instrucuted him to keep the dividend payment and hopefully with the motive of recap and release. That statement sort of points int he direction that corker knows someting is going on behind his back
if there were smart they would announce at the future date so they market would correct to the price. Doing so all at once would mean they would sell the share for cheap
There is no need for 5b shares of FNMA to raise that much money. All they have to say is we will sell 1b shares starting in august of 2017. this will push the stock price up to 100/share before that point. come august they will have the required reserves.
LMAO
boom goes the dynamite
Joshua Rosner Twitter "chair Crapo asked where exists @FHFA authority to unilaterally suspend T Dividend? It is in both #HERA & #PSPA @MikeCrapo @senbobcorker SEE: {attaches both docs}
Mell Watt himself just said he can suspend the dividend payment and you still question it? are you taking crapos and corkers view on the GSEs?
I mean the writing is on the wall that FNMA and FMCC go back to being privately owned and financed GSE's. QUESTION is what will happen to stockholders?????
A simple analysis is what is the upside potential for stock to be retained?
lets assume 10x....what are the perceived odds of this happening? 10%? if greater than 10% you should buy...less than wait
rekcusdo read the 10k filings. it says it in there
that is exactly what he said and Crapo said prove it
53:00 min into the hearing Tester asks Watt his personal opinion if its necessary to have the govt guaranttee to preserve the 30 year fixed mortgage. Watt says we need the govt guarantee :)
corker is at the 42min mark
Warren just said we need to get FNMA out of conservatorship :)
bahahahaa
what exactly did corker say?
Did corker speak at the hearing? I was driving to work and missed it
what did he say?
this sounds good so far
should be up over $3 tomorrow and preferreds will be up over 9
Allies :
D-Warren
D-Sherrod Brown
R-Pat Toomey
Enemies:
R-Crapo
R-Corker
R-Shelby
ya that guy posted it...its like elizabeth goofy warren and corker
why do people keep posting this? who cares
do we have an ally on that panel? what is Crapo's view?
The conference is more about healthcare than anything.....i doubt he goes into FnF
yessir
Watt is about to testify and if he lies about the NWS that is perjury. Im sure he didn't sleep well this weekend.
I think this means the court will rule the NWS unconstitutional :)
FNMA buys FHA trust me...Ginne Mae might insure some but alot gets sold to FNMA
FHA is insurance and FNMA buys all FHA loans