Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Yes Sir, Proud here Also! Many, many opportunities in the USA.
This is just another one, Go FNMA!
And Happy Birthday President Donald J. Trump
To the rest of you Fannie Friends; Happy Flag Day!
Is this the same Charlie?
Along4zride on a death spiral posted:
Charlie is tax payer watchdog. He has impeccable credentials and is extremely credible. He states vulture hedge funds and high risk day traders are the ones (FNMA) propping up PPS hoping for big score. His expert opinion should be considered by anyone considering purchasing this speculative stock. I am thinking there is too much risk here for my taste.
My barge is starting to pick up speed...
Steady as she goes!
Yello Nitwit!
China ready to hit back at U.S. with rare earths: newspapers
https://www.reuters.com/article/us-usa-trade-china-rareearth/china-ready-to-hit-back-at-u-s-with-rare-earths-newspapers-idUSKCN1SZ07V
Invested now past the one year - 1 day mark.
This could be good news!
China will not rule out using rare earth exports as leverage in trade war with US
https://www.scmp.com/news/china/diplomacy/article/3012199/china-will-not-rule-out-using-rare-earth-exports-leverage
I concur with you bambam.
If not for Hedge-funds & lawyers, we would not be here.
President Trump is keeping this from sinking in the swamp.
BCDE is keeping the IH Board focused. Thanks to All!!
Today at 2pm: President Trump Remarks at National Association of Realtors
https://www.c-span.org/video/?460860-1/president-trump-addresses-national-association-realtors
Happy Birthday 007
You must of did something right when blowing out your candles....it's heading North!
UNITED STATES COURT OF APPEALS FOR THE FIFTH CIRCUIT
Starting to release some today....
http://www.ca5.uscourts.gov/electronic-case-filing/case-information/current-opinions
Another bump up: 5.7 vs 4.8 last week. https://research2.fidelity.com/fidelity/html_fragments/eresearch/11.05/bl/companyResearchHighlights.asp?symbols=FNMA
Anyone who is waiting to get in probably will have a hard time having orders filled (might get a partial fill) when news hits.
Good luck longs, shorts and onlookers!
FHFA adds to its roster of advisors
by Candyd Mendoza 08 May 2019
The Federal Housing Finance Agency has announced that Christopher Bosland and Meghan Patenaude will join FHFA as senior advisor for regulatory affairs and senior policy advisor, respectively.
Patenaude was the director of scheduling at the office of Vice President Mike Pence. As scheduling director, she oversaw the vice president’s international and domestic travel and was the operations liaison for cabinet secretaries, members of Congress, dignitaries, and private sector corporations.
Patenaude also served as a senior policy analyst at the J. Ronald Terwilliger Foundation for Housing America’s Families and was development director at the Jack Kemp Foundation.
Before FHFA, Bosland worked as deputy chief of staff at the US Department of the Treasury’s Office of the Special Inspector General for the Troubled Asset Relief Program. He was also an economist at the Federal Reserve Bank of New York, was counsel at various law firms, and was the counsel and chief of staff to a former director of the Federal Housing Finance Board.
https://www.mpamag.com/news/fhfa-adds-to-its-roster-of-advisors-166702.aspx
Got a bump up on Buy/Sale Rating:
Analyst Opinions
Equity Summary Score:
PROVIDED BY THOMSON REUTERS STARMINE AS OF 05/03/19
Neutral:4.8
Equity Summary Score Firms ®
Buy 1
Outperform 1
Neutral 3
Underperform 0
Sell 0
https://research2.fidelity.com/fidelity/html_fragments/eresearch/11.05/bl/companyResearchHighlights.asp?symbols=FNMA
Wishing you the BEST Birthday ever Navy!
FYI DJT Birthday coming up on Flag Day.
June is also National Homeownership Month: http://www.fanniemae.com/NHOM/
Boomerang buyers: More people who lost homes during housing crisis are buying again
From 2006 to 2014, there were 7.3 million housing foreclosures and 1.9 million short sales, according to CoreLogic, a housing research firm. After a foreclosure, a prospective buyer must typically wait seven years to qualify for a mortgage guaranteed by Fannie Mae or Freddie Mac.
https://www.usatoday.com/story/money/2019/04/25/housing-market-2019-more-who-lost-homes-crisis-buying-again/3535675002/
06/14/19
PS. Happy Birthday????
Unicorns, rainbow dust, tin man and the tooth fairy Alert!
Who the H&$$ would put their hard earned (for some people) borrowed money into this? As Zride would say: "raise your hand" <----- got mine raised - and no I don't look like this when I wake up....It take me hours.
Started early into this investment (after 2008 crash) and I got my entire 30+ savings, 401K, Roth (INVESTED )into this American Dream. Call me Long, I believe Trust current President.
Crapo planning two days of Senate Banking hearings on GSE reform.
March 27th.
I have seen it many times. First one - when it was sitting at $0.28
Solid Fannie-Freddie earnings are a foundation for mortgage giants' next act
BY MarketWatch
— 10:05 AM ET 02/14/2019
Trump's pick for head of the regulatory agency overseeing Fannie and Freddie, Mark Calabria, faces Senate Banking Committee
Fannie Mae ( FNMA ) and Freddie Mac ( FMCC ) on Thursday reported earnings that reflected a healthy, yet slowing, housing market, even as weighty questions about their future swirl.
The two enterprises are at the heart of the American housing finance system: they buy mortgages from banks and other lenders, enabling lenders to extend credit (http://www.marketwatch.com/story/wells-fargo-readies-its-first-post-crisis- mortgage-bond-2018-10-11) for longer periods than would be possible if they had to keep the loans on their own balance sheets, and, presumably, open up the housing market to a larger swath of the population. Throughout 2018, the two companies together funded approximately 3.2 million mortgages.
In the fourth quarter, Fannie had net income of $3.2 billion (http://www.fanniemae.com/resources/file/ir/pdf/ quarterly-annual-results/2018/q42018_financial_supplement.pdf), and Freddie had $1.5 billion (http://www.freddiemac.com/ investors/financials/pdf/2018er-4q18_release.pdf). The two enterprises are still in government conservatorship, as they have been since the 2008 financial crisis, and will sweep those profits over to the U.S. Treasury in March, while continuing to retain a slim capital buffer of $3 billion each.
It is difficult to compare the companies' financial results to the year-earlier quarter because that's when changes in the tax laws left both with hefty accounting losses. Excluding the impact of those paper losses, Freddie had comprehensive income of $2.1 billion in the fourth quarter of 2017, while Fannie had pre-tax income of $5.0 billion in that quarter.
The so-called "net worth sweep" is an arrangement devised in 2012 that directed the two companies to divert profits to taxpayers, but left the door open for them to take capital draws in any quarter in which they had a loss, as Fannie did last year (http://www.marketwatch.com/story/fannie-mae-to-turn-to-taxpayers-after-65-billion-loss-2018-02-14). It is possible that this quarter could be the last time the sweep takes place.
See also:To free Fannie and Freddie, their regulator may bypass do-nothing Congress (http://www.marketwatch.com/story/ to-free-fannie-and-freddie-their-regulator-may-bypass-do-nothing-congress-2018-06-21)
On Thursday, the Trump administration's pick for head of the regulatory agency overseeing Fannie and Freddie, Mark Calabria, will face the Senate Banking Committee. As MarketWatch was first to report (http://www.marketwatch.com/story/ fhfa-acting-director-discussing-plan-to-take-fannie-and-freddie-out-of-conservatorship-2019-01-18), the interim director of the regulator, the Federal Housing Finance Agency, has already begun working with Treasury to lay out a long-term vision for the American housing finance system, finally freeing the two companies from conservatorship.
If he is approved, Calabria's responsibility will include two companies that look vastly different than the entities that helped plunge the U.S. economy into turmoil about a decade ago. In the fourth quarter, Fannie's serious delinquency rate was just 0.76%, and Freddie's was 0.69%, both near historical lows. Both companies continue to experiment with additional ways of selling slices of their portfolio to private-market investors, in order to spread the risk more broadly. And they continue to work toward the issuance of a single bond, a step that aligns their fortunes more closely, rather than intensifying the competition between them.
Read:As Fannie-Freddie reform gets underway, here are the three big questions for the housing market (http:// www.marketwatch.com/story/as-fannie-freddie-reform-gets-underway-here-are-the-three-big-questions-for-the-housing- market-2019-01-29)
The enterprises are achieving those goals even as they help Americans access stable housing. Freddie's earnings noted that first-time homebuyers made up 46% of mortgage purchase loans in 2018, while nearly all of the apartment rental units it helped finance were for low- and moderate-income Americans. Fannie touted its commitment to "providing support for both affordable and workforce housing," which it accomplished by having 56% of its mortgage funding go to low- and moderate-income households.
Still, big questions remain: what kind of reforms will FHFA and Treasury implement? Will interest rates behave at the same that the revamped agencies are getting their footing again? Ten years into an economic expansion and seven years into the expanding housing cycle, how will market conditions hold up?
"I believe we are truly at a critical juncture in housing finance policy," Calabria said in prepared remarks (https:// www.banking.senate.gov/imo/media/doc/Calabria%20Testimony%202-14-19.pdf) that he'll deliver to lawmakers. "Families across America face heavy burdens making their rent or mortgage payments in many cities, towns and states, as well as the unique barriers faced in our rural and tribal communities. I also strongly believe that shelter is one of the most critical of basic needs facing any family. Whether it is rented or owned, American families need an affordable place to call home."
See also:Congress wouldn't do it, so Fannie and Freddie reformed themselves (http://www.marketwatch.com/story/ congress-wouldnt-do-it-so-fannie-and-freddie-reformed-themselves-2017-08-03)
-Andrea Riquier; 415-439-6400; AskNewswires@dowjones.com
Senate Panel to Consider Nomination of Fannie, Freddie Overseer Next Week -- Sources
BY Dow Jones & Company, Inc.
— 12:42 PM ET 02/05/2019
WASHINGTON -- Senate lawmakers are expected as early as next week to consider the nomination of Mark Calabria, a critic of Fannie Mae FNMA
and Freddie Mac FMCC, to the post responsible for overseeing the housing-finance companies, according to people familiar with the matter.
The hearing is a crucial step as the Senate weighs confirming Mr. Calabria to become the director of the obscure but powerful Federal Housing Finance Agency, the regulator of the two companies. The Senate Banking Committee is expected to hear testimony from Mr. Calabria and nominees for at least two more financial posts at a hearing tentatively set for Feb. 14, the people said.
A spokeswoman for the committee declined to comment.
If confirmed, Mr. Calabria would play a key role in shaping the Trump administration's efforts to end the decadelong conservatorship of Fannie and Freddie, which the government took over at the height of the financial crisis in 2008. Ending government control of Fannie and Freddie, which back roughly half of the $10 trillion mortgage market, is Congress's last major to-do item in the wake of the crisis.
Write to Andrew Ackerman at andrew.ackerman@wsj.com
Date Close*
Jan 16, 1996 30.25
Jan 16, 1996 1/4 Stock Split
Jan 15, 1996 30.31
Does a split constitute in having more shares: 4 X $30?
Fannie Mae traded heavily in the $80 range early 2000's.
Trump Administration to Work With Congress on Fannie, Freddie Overhaul
BY Dow Jones & Company, Inc.
— 1:05 PM ET 01/29/2019
Breaking News...
WASHINGTON--The Trump administration plans to work with Congress to overhaul mortgage-finance giants Fannie Mae ( FNMA ) and Freddie Mac ( FMCC ), a White House spokeswoman said Tuesday -- playing down the idea the administration will seek to unilaterally release the firms from government control.
The White House also expects to announce a framework for comprehensive housing-finance changes "shortly," White House spokeswoman Lindsay Walters said in a prepared statement.
(More to Come)
You would be crazy not to hold.
But you got to own FNMA shares first!
Along4zbig$
You might want to save this one.
Shaking is right!
Just picked up 10 more shares.
Guess someone needed to buy dinner tonight. I'll pick up a penny (if heads up).
HAPPY BIRTHDAY SLJB
Don't forget to make your wish blowing out your candles!
Enjoying the “blood moon” next to an awesome campfire tonight. If you missed it...it’s going to be a bloody Tuesday&bloddy week for shorts. I expect a possible pullback after the first hour of open ( and I will be buying).
GLA Longs
Not a recoon.
Fannie, Freddie and Perd's took over the top 5 gainer list on Yahoo!
I hope Everyone is enjoying the New Year and so far looks like a prosperous one!
Filled! Patience pays off.
Fannie + Freddie + Per = 160K+ shares.
Got a 10k share order in at $1.68 not filling yet.
Number 2, but probably not because I picked it.
How about #3? 0 probability, so that's not really a choice.
This is getting stressful, OK, last pick - number 5 and that's final!
$2.305
Like it or not: Fannie is on the top gainer 5 Yahoo list,
Symbol Last Price Change % Change
ORGO 183.00 +170.00 +1,307.69%
AMOVF 0.7905 +0.1428 +22.05%
AMLTF 1.8276 +0.2776 +17.91%
CHK 2.78 +0.33 +13.27%
FNMA
Federal National Mortgage Association 1.82 +0.21 +13.04
GLTA!
White House Expected to Nominate Pence Aide to Lead FHFA
BY Dow Jones & Company, Inc.
— 10:59 AM ET 12/10/2018
WASHINGTON -- The White House is preparing to pick a vice presidential aide and critic of Fannie Mae ( FNMA and Freddie Mac ( FMCC
to the post responsible for overseeing the housing-finance companies.
The Trump administration is expected to soon announce that it plans to nominate Mark Calabria to become the director of the Federal Housing Finance Agency, the regulator for the two companies, according to people familiar with the matter. Mr. Calabria currently serves as chief economist to Vice President Mike Pence.
If nominated and confirmed by the Senate, Mr. Calabria would replace Mel Watt, an Obama-appointed official whose term is up in January. The FHFA post will be the final post overseeing the financial sector to turn over to Trump administration control.
No final decision has been announced and President Trump has been known to change his mind when it comes to high- level appointments.
A White House spokeswoman declined to comment. Mr. Calabria didn't immediately respond to a request for comment.
Mr. Calabria has been critical of some of the basic foundations of the U.S. mortgage market, advocating for elimination of the 30-year fixed-rate mortgage and for banks to hold more of the loans they originate. He would play a pivotal role over the biggest unresolved legacy from the financial crisis: what to do with the failed mortgage-finance companies a decade after their government takeover at the height of the financial crisis.
Mr. Calabria's nomination would be a loss for the housing industry, which had been pushing the White House to consider someone other than Mr. Calabria, who might advocate for more incremental steps to reduce the companies' footprints in housing.
Peter Nicholas contributed to this article.
Signed, replied and sent!
Liked: "The hottest months ahead, you will not be bored."
Mortgage-Backed Securities Traders Have Seen This Storm Before
https://finance.yahoo.com/news/mortgage-backed-securities-traders-seen-205143392.html
Former Treasury Secretary Jack Lew to advise mortgage start-up Blend
* The San Francisco start-up handles online mortgage applications for incumbents like Fannie Mae, Freddie Mac, U.S. Bank and Wells Fargo.
* The former U.S. Treasury secretary will lead Blend's advisory board.
* Fintech newcomers like Blend are making inroads in the mortgage business, which plagued banks during the financial crisis a decade ago.
https://www.cnbc.com/2018/09/13/fmr-treasury-secretary-jack-lew-to-advise-mortgage-start-up-blend.html?__source=yahoo%7Cfinance%7Cheadline%7Cstory%7C&par=yahoo&yptr=yahoo