Fannie Mae Preferred S (FNMAS)

[hillaryha64]

WATT'S APPOINTMENT WILL BE CONFIRMED SOON - Newest article from Reuters.


Newest article from Reiters today said that Watt starts to disclose all the investments he has nad vows to divest all the shares related to banking within 90 days of moving into FHFA role.

So, keep buying FNMA, folks. You know why ????? Because Watt divests banking stocks to invest FNMA & FMCC stocks. It is easy understood.

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U.S. housing nominee vows to divest bank stock if confirmed

WASHINGTON | Thu May 16, 2013 6:37pm EDT

WASHINGTON May 16 (Reuters) - U.S. Representative Mel Watt, nominated by President Barack Obama to serve as a top housing regulator, plans to divest bank stock he owns if confirmed in the post, according to a statement filed with the Office of Government Ethics.

Watt, who has spent two decades in the U.S. House of Representatives, said he would selloff shares of Bank of America, BB&T Corp, M&F Bancorp Inc, Deutsche Bank AG and a real-estate investment trust, all within 90 days of moving into the FHFA role.

In a filing that accompanied the statement, Watt disclosed two mortgages from Wells Fargo. One is for a personal residence in Charlotte, North Carolina, and has an interest rate of 2.25 percent. The other is for a Washington home and carries a 3.875 percent rate. The mortgages were listed as being between $250,000 and $500,000.

Among the largest investments Watt listed were shares of Apple Inc worth between $50,000 and $100,000, and common stock of Caterpillar Inc worth between $15,000 and $50,000.

The disclosure forms do not give specific amounts, only ranges.