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Federal National Mortgage Association Message Board

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  • robchadwick robchadwick Dec 28, 2009 3:26 AM Flag

    ***Real Estate Futures Down 12% for Monday!***

    Come off it - what futures are you talking about specifically? Enough pulling random numbers out of your ass.

    Treasury lifted the cap on FRE/FNM because they had until Dec 31st to do so without congressional approval. This isn't a surprise to anyone paying attention.

    This is good for real estate in that FRE/FNM no longer has to reduce their MBS holdings & FRE/FNM are the only ones buying mortgages these days.

    I don't see anything rosy in the real estate market, but this particular action was expected & if anything gives the Treasury some huge guns to keep mortgages flowing & support real estate.

 
FNMA.OB
2.10-0.12(-5.41%)Oct 30 2:37 PMEDT