Replies to post #281509 on Fannie Mae-No Politics (FNMA)

[stockprofitter]

looks like lots is covered except the most important point of them all,,,,,,,,,,THe Bottom Line = ( paid in full 4 times over ) maybe just shy of 4 times..

It still amazes me that the government thinks nobody is watching and keeping track.

Oh my word somebody shoot me.

[Donotunderstand]

Thank you

No negative bomb throwing surprises as I skimmed it all

At same time no free F and F mentions

[JJ8]

Thanks for posting it. Interesting to note:

Single Security

FHFA’s top priority in pursuing the Single Security is to deepen and strengthen liquidity in the housing finance markets. In today’s market, the mortgage-backed securities issued by Fannie Mae and Freddie Mac trade in separate “to-be-announced” (TBA) markets. The forward-trading that takes place in TBA securities allows borrowers to lock in a mortgage rate. The TBA market also adds efficiencies to the process, which reduce transaction costs and result in lower mortgage rates for borrowers. In today’s TBA market, there is a price disparity between Fannie Mae and
Freddie Mac securities largely due to greater trading volumes of Fannie Mae securities. This price disparity imposes an additional cost on Freddie Mac – and therefore on taxpayers. We believe that a Single Security can further strengthen market liquidity by reducing the trading
disparities between Fannie Mae and Freddie Mac securities. FHFA issued a Request for Input on FHFA’s proposed Single Security structure last year as the first step in a multiyear process. FHFA is working with the Enterprises to process the feedback we received and will move forward in a deliberative and transparent manner. FHFA will release a Progress Report on this initiative in the coming months. As part of the 2015 Conservatorship Scorecard, FHFA established the expectation that the Enterprises would finalize the Single Security structure during 2015 and would begin the process of developing a plan to implement the Single Security in the market. This remains a multiyear process, but we made significant progress during 2014.