Appreciate the input. Old-timer, small-timer, long-timer here. Bought a whopping 500 shares this morning and broke my rule to never buy on Friday. I got out of Fred commons this past Oct 23 but like to follow this as the twins have shown me just how much we are lied too and how corrupt our leaders and our media are. Been watching the "retirements" and it's starting to play like a "Who's Who" of who screwed us and our Country and most likely profited from it like our Great Senator From Wells Fargo who's net worth increased over 3000% on a Senators salary.
I reminisced this morning and remember when the Fred CEO committed a supposed suicide. I remember when Bruce Berkowitz offered to buy the twins back in November of 2013 and the GOVT wouldn't sell and figured if it smells, pay close attention. What a way to get rid of the dirty diaper and sell to Bruce. Made sense and then the puzzle pieces started trickling in and then a "biggie" came into play when the treasury Secretary said that the Twins were paying for Obamacare. Watched the Senate and House hearings over time and even heard a Senator state the twis should be released from Consevatorship. I also soon realized "MY" elected Congressional Rep and his PATH ACT were part of the cover-up and became a little bit of an activist. Went to his town hall and watched his ears get red asking a simple question about "Why did the banks sell bad mortgages to Fannie and Freddie and why weren't they put into conservatorship? Learned about all the lawsuits and the $$$BILLIONS$$$ of dollars the FHFA won and came to the quick realization about the banks being the driver of the train wreck and the twins being taken over to be money launderers to the FED. Been watching posts from 955, Surfonium, Joseph, Cmdr, Stockprofitter, and Contrarian for along time. Paid attention to Bradford, Skibrian, The Devil, Neo, Camaro, Ace, CBS, MrFidl, OBI, Wayne Z, CrownJewels, and learned the way of the T-FUD index. I learned to sell when Detearing posted as we always tended to drop and had our balls busted.
Observed just how bad Carney and Joe Light were and figured out they worked for profit and were in the back pockets of the big boys including our elected reps. They had the perfect opportunity to expose and be national heroes but probably realized how great living is versus dying as their keepers would never run the stories as they were in on it.
Anyway, news like Fred released today (below) on how much they issued absolutely boggles my mind as Fred looks to be running pretty dang smooth and on all cylinders.
The House comes back to work on Monday so maybe the Twins are anticipating the progress of another year and the stock price is tanking in anticipation of their returns via "first class."
Apologies for the rant but it has been quite the ride watching how it really works in our country and media by doing day trading at a $1000 a trade.
Good luck to all in 2018 and as a cancer survivor, you are always rich if you have your health.
MCLEAN, VA -- (Marketwired) -- 01/05/18 -- Freddie Mac(FMCC) today announced it has issued a record-setting $68 billion in multifamily securities in 2017, effectively transferring the majority of risk from taxpayers to private investors. This milestone sets Freddie Mac(FMCC) apart as an industry leader, through its numerous offerings of high-grade multifamily securities.
"Through our established offerings, and a variety of innovations, we transferred more risk away from the U.S. taxpayer than ever before," said David Brickman, executive vice president and head of Freddie Mac Multifamily. "Thanks to strong support from our investors, and the dedicated Freddie Mac(FMCC) staff, our flagship K- and SB-Deals both had exceptional years. In 2017, we continued to build on that success with new securitization and risk-transfer vehicles that helped us adapt to changing investor demands, lowered the cost of capital for properties and, as a result, made renting more affordable."
Contributing to the more than $68 billion total securitization, the company settled:
More than $56.7 billion in K-Deals
$5.5 billion in SB-Deals
$2.0 billion in KT-Deals
$656 million in ML-Deals
More than $3.2 billion in Q-Deals, M-Deals, Participation Certificates, SR-Deals and SCR Notes
"We had an excellent 2017 -- our issuance calendar was robust and bond spreads tightened over the course of the year. Moreover, nearly a decade after K3, a landmark transaction in our K-Series, we continue to expand our securitization platform and offer new ways to transfer risk to private investors," said Robert Koontz, vice president of Capital Markets at Freddie Mac Multifamily. "Simply put, our success was not possible without our investors and, of course, the best staff in the business. Thank you for another amazing year."
2017 saw the announcement of several new credit risk-transfer vehicles. Among others, these included the ML-Deal, the first-ever securitization of a tax-exempt loan portfolio; the KT-Deal, which transfers the credit risk on loans awaiting sale into other K-Series securitizations; the TEL Multi PC, the first pass-through securities backed by tax-exempt loans; and a number of innovative single-asset, single-borrower executions. These innovations were successfully added while maintaining excellent credit quality.
Brickman added, "In 2018, we anticipate several new offerings, allowing us to continue serving our customers in an efficient, cost-effective manner, protecting taxpayers and bringing quality and affordability to the millions of American renters we serve."
In 2017, 392 different investors participated in Freddie Mac's(FMCC) K- and SB-Deal programs, including 268 in the K-Deal program and 174 in the SB-Deal program. An average of nearly 30 investors participated in each K- and SB-Deal. Since the inception of the modern K-Deal in 2009, the company securitized a total of $254 billion across all offerings, including $232 billion in K-Deals and $11 billion in SB-Deals. Since 2009, more than 650 different investors have participated in Freddie Mac's(FMCC) K-and SB-Deal programs, including 500 in the K-Deal program and over 225 in the SB-Deal program.
Freddie Mac Multifamily is the nation's multifamily housing finance leader. Historically, nearly 90 percent of the eligible rental units we fund are affordable to families with low-to-moderate incomes.
Freddie Mac (FMCC) makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our creation by Congress in 1970, we've made housing more accessible and affordable for homebuyers and renters in communities nationwide. We are building a better housing finance system for homebuyers, renters, lenders and taxpayers. Learn more at FreddieMac.com, Twitter @FreddieMac and Freddie Mac's(FMCC) blog FreddieMac.com/blog.