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Federal National Mortgage Association Message Board

  • johnsonfred555 johnsonfred555 Dec 2, 2012 8:11 PM Flag

    Any thoughts on FNMA going up

    Whar are the thoughts of this going up and how much and when?

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    • FNMA is now making money.
      The govt will NOT give up this cash cow any time soon, if ever.
      Will be a LONG time before we stockholders see any of it.

      Sentiment: Hold

      • 1 Reply to billcarney111
      • I am sure the government number crunchers already had looked at options for FnF, depending on the housing recovery and FnF's performance. Knowing that policians usually did not apply common senses, especially with such a big cash cow at hand, I am a bit pessimistic on an optimal outcome for FnF. Remember the Hill is hot on talking about restricting or even eliminating mortgage deductions, which would sure slow down housing recovery. At the current pace, FnF would contribute to Treasury's bottom line tens of billions a year, which is not trivial given every penny counts now to reduce the federal deficit. I could only see FnF go free when Congress let go of using Social Security trust fund to hide the true federal deficit. It's an old story, but a lesson to learn from.

 
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