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Your probably right. I was hoping for a gap these last few days. That's always a sure fire way to consolidate shares.
I don't expect significant giveback we are moving forward. But it could end red tomorrow. I'm thinking after an initial run at the open, sellers come in, then panic profit taking drives it down under 1.50 and then pulling back up to just under 1.60 at EOD. Sound familiar?
If not tomorrow, the day after.
Temporary set back though.
We are looking green here for awhile. IMO
Loving the last few days but Fannie rarely ever puts more than 5 green days in a row. Especially 10%+ days. Look for a correction tomorrow.
Yes. Nice close
$1.41 resistance still in play
Next resistance around 1.50
Nice! Expect resistance at 1.41
It counts. It would have filled already. There is no gap on the chart as per the definition of a gap
No gap. HOD on Friday was 1.25 and it opened at 1.25 today.
Who has the “right” to vote?
Lol
No one is falling for it. Preferreds are worth what they are getting in dividends right now. The market will soon catch on. Once the NWS is cancelled the commons will soar and preferreds sink until dividends are restored.
Gap up Monday?
Hard to borrow is a good sign. It means there are no shares available to short.
https://www.investopedia.com/terms/h/hardtoborrowlist.asp
The same world that these ignorant FnF hating writers and politicians are
Yeah it’s a tough call on this board with only 5 ignores.
In the book they were silver
Look how many times it was taken on the 31st. Still have a few more hours to go.
I never believed the warrants were meant to be converted but don’t they have an expiration?
I this point me either but after what waters has been saying about Trump I don’t think he’s going to let that happen
Trump/Mnuchin better act before waters takes credit for “fixing” housing
Not sure if this was posted from yesterday.
Realtors(R) 2020 President Testifies Before Financial
Services Committee on GSE
Reform
PR Newswire
3:10 PM ET
This morning, National Association of Realtors(R) President
Elect Vince Malta testified before the House Financial
Services Committee during its hearing, "A Legislative
Proposal to Provide for a Sustainable Housing Finance
System: The Bipartisan Financing Reform Act of 2018." Malta,
a third-generation Realtor(R) and the CEO and broker of
Malta & Co., Inc. in San Francisco, CA, commended the
Committee for its work toward comprehensive reform of the
nation's housing finance system while outlining NAR's
priorities for a legislative restructuring of Fannie Mae and
Freddie Mac.
https://mma.prnewswire.com/media/460872/nat
onal_association_of_realtors_logo.jpg
In
his testimony, Malta outlined NAR's sentiments on the three
main components of Committee Chairman Jeb Hensarling's bill,
the Bipartisan Financing Reform Act of 2018.
"NAR believes the discussion draft
contains many provisions that should serve as the backbone
for comprehensive housing finance reform. These components
include an explicit government guarantee, regulatory
flexibility and strong and reasonable regulatory authority,"
said Malta, who has over 43 years of experience in the real
estate industry. "However, as the discussion draft evolves,
the proposal can be improved to further ensure a reliable
and affordable source of mortgage capital is readily
available for responsible creditworthy Americans in all
types of markets.
"Above all else, NAR
firmly believes that comprehensive housing finance reform
must be done in a bipartisan manner."
Along with Malta, representatives from the
National Association of Home Builders, Mortgage Bankers
Association, and the National Association of Federal Credit
Unions were invited to participate in the Financial Service
Committee hearing.
"The National
Association of Realtors(R) commends Chairman Hensarling for
his hard work in the effort to reform America's housing
finance system," said NAR Senior Vice President of
Government Affairs Shannon McGahn. "Specifically, we
strongly support this proposal's language to provide an
explicit government guarantee for mortgage-backed
securities, which will provide countercyclical protections
and pricing benefits to American consumers. Most
importantly, any such reforms must provide liquidity and
promote stability in the national housing market,
particularly during times of economic distress."
Despite structural and fundamental
improvements to the housing industry since the financial
crisis, NAR has argued that the current conservatorship of
Fannie Mae and Freddie Mac needs to be reexamined.
Realtors(R) also have held that policymakers must address
the mounting challenges facing the secondary mortgage
market, which could have a severe impact on taxpayers and on
Americans' ability to access affordable mortgage credit.
In order to minimize the effects of these
threats, NAR has been urging Congress to enact comprehensive
housing finance reform legislation, which will be the focus
of NAR's Policy Forum on February 7, 2019, in Washington
D.C. Industry experts, academics, and policymakers will all
speak at the event as NAR continues to lead discussions on
opportunities facing the housing finance system and offer
sensible reforms for the future.
"While
the housing market has generally improved since the
financial crisis, there remains a need for policymakers to
address challenges that may arise in another economic
downturn," Malta said today. "NAR urges lawmakers to pass
comprehensive housing finance reform. Thoughtful reform of
the secondary mortgage market will not only safeguard the
interests of taxpayers, but also ensure for a deep and
affordable mortgage market for all creditworthy Americans,"
Malta concluded.
The National Association
of Realtors(R) is America's largest trade association,
representing 1.3 million members involved in all aspects of
the residential and commercial real estate industries.
https://c212.net/c/img/favicon.png?sn=DC103
6&sd=2018-12-21
View original content to
download
multimedia:http://www.prnewswire.com/news-releases/realtors-2
20-president-testifies-before-financial-services-committee-on
gse-reform-300770328.html
SOURCE
National Association of Realtors
Cold in here?
That was a bold call. I bet you didn’t think it would take a year. Looking at the chart over the last year and it looks like crap.
Notice the run started before the Mnuchin announcement
Well the gap filled as predicted. I got 300 more shares for free.
It seems stalled. Wants to fill that gap. You know it will
Gap at 1.17 needs to fill
Nice. Look at the time 3:57. Run tomorrow?
Mnuchin hints at Frannie changes to end government control: Bloomberg
Dec. 18, 2018 3:57 PM • SA Editor Liz Kiesche
The Trump administration wants to work with Congress to end government control of Fannie Mae (OTCQB:FNMA -3%) and Freddie Mac (OTCQB:FMCC -2.1%), but may pursue some changes on its own, Treasury Secretary Steven Mnuchin said in an interview with Bloomberg.
"I would like to get them out of conservatorship," he said during a roundtable interview. "My preference would be to do something that has bipartisan legislative support."
Key to such changes would be getting a new head of the Federal Housing Finance Agency confirmed by the Senate. Mnuchin didn't say what kinds of changes the administration could make without Congress.
The White House has said President Trump plans to nominate Mark Calabria, Vice President Mike Pence's chief economist.
Previously: More on Fannie Mae Q3: Sees $4.0B dividend to Treasury (Nov. 2)
Signed
It’s the swamps only recourse to slow the booming trump economy. Higher rates hurt FnF too.
Yes it would. Someday soon I am going to look at FNMA premarket and the ask is going to be sitting at about 4.50.
So much for the hammer
If they keep raising rates they are going to create the next crisis.
Why do they keep raising rates? The last two don’t make sense. They are now hurting the housing/mortgage industry which is one of our biggest sectors.
Could it be the federal reserve deep state is fighting back/ trying to destabilize the great Trump economic boom?
FHFA Watt is like all the other elite democratic civil servants. He is above the law.
Reform means how can we legally keep stealing from the GSEs
The only time she makes sense is when reading what someone else wrote.