Fannie Mae-No Politics (FNMA)

[Dallas66]

I think it's quite possible they dip in to the 30's tomorrow as it being a friday. I fully intend to pick up as much as I can below .45, but would be thrilled to grab a nice chunk in the 30's. I don't see moving back up much above .60 for a few weeks....but we've seen some strange movement a few times in the past so anything is possible.

I do think once the shock wears off that more and more people will get in as cheaply as they feel comfortable with, and sided with a bit of patience and good news...we could make a decent profit by the end of the year. As the jobs market improves, more and more people will look to buy houses again, and with the microscope on the lenders/appraisers/real estate agents...I see much better quality loans ahead.

Those loans will help to offset SOME of the losses we have now. It will be years before we see a stable and profitable company...if the gov allows them to continue....but between now and then...I think we have a great chance to make some decent coin on the way to that recovery.