The MAIN reason why FNMA delays 4th Quarter 2012 Earning Release
In my opinion, the main reason why FNMA delays 4th Quarter 2012 Earning Release because The Congress and Obama Administration is currently quietly reviewing the Proposal of De Marco regarding the Merge of
Fannie - Freddie .
Sorry for all my friends, FNMA fans, including tommer + dell + raminvestor, although you guys like it or not, but in my view, the Proposal will be pass soon.
De Marco writes the Proposal with the goal of
1/ Ending Conservatorship now to re-structure the business
Without such a Proposal, do you guys think Removal Of Conservatorship at this moment is easily passed by The House , the 1st door controlled by Republicans ? Ah Oh, I doubt it.
2/ Cutting cost from the Merge to pay off the combined debt to Treasury ASAP
3/ Uniform the business to easy control to avoid the finance crisis in the future
In my opinion,
1/ If the Commons still value through the Merge, we would be fine. So, why you guys oppose it ?
2/ I don't think De Marco is easily removed from the post. Republicans did block the decision from Obama Administration to remove him in the past. And they will do the same now
Look at the 8K that FNMA filed yesterday ( see copy & paste below ), you guys will find how serious De Marco is with the Proposal.
.......... Form 8-K for FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On March 4, 2013, Federal Housing Finance Agency ("FHFA") Acting Director Edward J. DeMarco released the 2013 corporate performance goals and related targets for Fannie Mae and Freddie Mac set forth in the table below, including the relative weighting of each goal. These corporate performance goals and targets are referred to as the 2013 conservatorship scorecard ........
Please let DeMarco leave his position and also please leave FNF as it is. This is good for America and their people's dreams.
Somebody that powers-to-be please look into this issue and take these evil people out of this manipulation. I sincerely hope all this ends up with a very good note and turn around. We Americans have suffered a lot during the last 10-12 years with 3-4 recessions and now without FNF we all will be sure in depression for another # of years, God knows how long that will last. I will still hope good for FNF even if I am not owning a single share of FNF. TRUST ME. Destroying FNF is atrocious!