I don't know about today but FNMA goes higher if the government is paid back large. You gotta roll the dice until next week. I bought some back just to have a little skin in the game but I got 3X times my original investment in CASH now.
Fnma backs 97% of all mortgages . with the housing recovery they will continue to back a majority of the loans. No one in goverment will do anything to fnma that will hurt the housing recovery so i see this going back to 1.25 a lot of stop losses were taken out that caused the decline. With billions in profits i believe the goverment will remove the gsa and allow the housing market to recover strongly to help the economy.
For a long time, we’ve been concerned -- do no harm,” Warner said. “We’re now seeing housing come back in a meaningful way, and my fear is, if we don’t act soon, Fannie and Freddie are going to start making so much money that people are going to start to say, ‘OK, we don’t have a problem here anymore.’”