BLUE SKY BREAKOUT

[~ Blue ~]

< FNMA EXPECTED NEWS WITHIN 10 DAYS >

1) Democrat Sen. Reed's proposal's details

New proposal from Sen. Reed(D): It would restructure—but not eliminate—Fannie and Freddie


June 16, 2013, 7:54 p.m. ET

WALL STREET JOURNAL

The proposal is one of a handful that could be issued in the coming weeks. Sen. Jack Reed (D., R.I.) is said to be working on a separate bill that would create a similar framework but with one key difference: It would restructure—but not eliminate—Fannie and Freddie and use the refashioned companies, stripped of their federal charters and investment portfolios, to issue government-guaranteed securities.

http://online.wsj.com/article/SB10001424127887324021104578549682228860970.html

2) Obama's FHFA nominee Democrat Mel Watt's Confirmation hearing on June 27
June 16, 2013, 7:54 p.m. ET


The proposals are circulating ahead of Senate confirmation proceedings for Rep. Mel Watt, the North Carolina Democrat who was nominated last month by President Barack Obama to run the Federal Housing Finance Agency, which oversees Fannie and Freddie. His confirmation hearing is tentatively set for June 27, according to people familiar with the matter.

http://online.wsj.com/article/SB10001424127887324021104578549682228860970.html

3) FNMA chief said on Bloomberg TV interview they send over 50 billion dollars check to the USA treasury, that news.

FNMA chief Eco. Duncan on CNBC.

http://video.cnbc.com/gallery/?video=3000175504&play=1#eyJ2aWQiOiIzMDAwMTc1NTA0IiwiZW5jVmlkIjoid1FFVEFBTTU3S0xRWGJZOFdkenBFUT09IiwidlRhYiI6InRyYW5zY3JpcHQiLCJ2UGFnZSI6MSwiZ05hdiI6WyLCoExhdGVzdC