Fannie Mae Preferred S (FNMAS)

[Letgoofmyfannie]

All over the place...

Kill the 30 Year Mortgage

Won't it be great having a "neighborhood indexed" mortgage in California? We bring the Barrio to you!

http://www.bloomberg.com/news/2013-04-08/kill-the-30-year-mortgage.html

Home Prices May Decline in Some Cities as Rates Increase

Oops! We need to raise rates to keep home prices low.

http://www.bloomberg.com/news/2013-04-10/home-prices-may-decline-in-some-cities-as-rates-increase.html?cmpid=yhoo


Wells Fargo Sells Servicing on Fannie Mae Loans to Walter

http://www.bloomberg.com/news/2013-04-09/wells-fargo-sells-servicing-on-fannie-mae-loans-to-walter-1-.html?cmpid=yhoo

"" Wells Fargo’s decision to exit the business was tied to the possibility that home values would fall, according to its statement at the time. Prices declined 5.3 percent from the end of that month through March last year before rebounding 9 percent through January, according to the S&P/Case-Shiller index of data from 20 U.S. cities. ""

So are they up? Down?