Is Freddie reducing its portfolio like government officials said
Are investors being skuddled by our own government?.-
Remember how top-raning Treasury and FHFA officials have been in the press saying that fannie and freddie will be reducing their portfolios by a certain percentage? I just found this from Morgage News Clips:-
"Freddie Mac mortgage portfolio continues expansion – Housingwire – Freddie Mac bought $47.3 billion worth of loans in April and also liquidated $41.9 billion of loans, causing its mortgage portfolio to increase at an annualized rate of 0.6% in April. This is the first time the government-sponsored enterprise saw its mortgage portfolio expand this year. -
Yet we've been told exaclty the opposite by the people running fannie and freddie. Could it be that our own government is trying to get shareholders to either 1) SELL their shares, and/or 2) NOT BUY shares?
then when you tie in (pure speculation now) the fact thata obama repealed the ban on internet disclosure of
trading by congressional insiders on April 15th, i wonder if some of them congressional insiders might just nab a few of those shares; like a few hundred thousand at a time...no wonder volume is so high - only insiders and funds have that kind of money. DON'T SELL. HOLD OUT! even if you can't buy more (we're all probably maxed out) just DON'T SELL. - if those guys can afford a buck they can afford two bucks, and if they can afford two bucks, they can afford four bucks...lastly, if they can affored four bucks, they can afford
eight bucks, chucks.