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Federal National Mortgage Association Message Board

  • srbbs srbbs May 20, 2013 5:18 AM Flag

    Hedgies only playing the Prefs., everone else is dust.


    The prefs. will get wiped out too.
    Given Fannie and Freddie’s role in the financial crisis, David Stevens, head of the Mortgage Bankers Association (MBA), characterized those efforts as putting “the wolves back into the pen with the sheep after the slaughter we just went through.”

    “It won't pan out for them,” he told The Hill.

    A more likely outcome would see Fannie and Freddie replaced with a new entity that is smaller and more contained, but that would still allow government guarantees on some loans. A few different plans being discussed on Capitol Hill move in that general direction.

    Overall, Fannie and Freddie own or guarantee about half of all U.S. mortgages worth about $5 trillion.

    The Hill

    Sentiment: Strong Sell

    This topic is deleted.
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    • BASHER!!!!!!! you and your boyfriend CADSCAM both are bashers

      Sentiment: Strong Buy

    • mr. shrubs, commons wiped out? peruse the 2 following references to common shares, please:
      Both common shares and preferred shares of Fannie Mae and Freddie Mac have jumped in recent weeks, amid speculation that the government-sponsored enterprises might soon be able to repay the Treasury, and also have some money left over for shareholders who were wiped-out in the 2008 bailout.
      SOURCE: THE STREET dot comt - total-fantasy-fannie-freddie-preferreds-says-kbws-gardner.html -
      Holders of the rest of the preferred shares as well as common shares were widely presumed to have been wiped out when the government took over. The companies' return to profitability has created renewed enthusiasm for the enterprises' securities. Hedge fund lobbyists are arriving at Capitol Hill meetings with detailed financial analyses contending that selling off the government's shares and recapitalizing the companies could make taxpayers an even larger profit, the people said. That also would boost chances that investors in preferred shares would benefit. The funds are making it clear they would be interested in buying the shares now held by Treasury, the people said. Paulson Leads Hedge-Fund Lobby Push to Privatize Fannie - SOURCE: BUSINESS WEEK - paulson-leads-hedge-funds-urging-u-dot-s-dot-to-privatize-fannie-mae
      Commons are HOT! Plus i pick up the suggestion that commons could move back up to the pre-conservatorship of $5.10 which would be the new launch pad for yet more gains in view of freddie and fannie's performance and contributions to the overall economy, as well as their abilities to pay back bailout
      money back.


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