Actually my broker is the biggest Richard Knoggen in the world, he lost my reaffirmation affidavit for WAMUQ when it became WMIH. GEEEESSSHHH. Maybe that would make a good thread Stupid broker stories.
chris.gates68 says -- My broker called me this afternoon. He suggested me to get rid of FNMA and predicted FNMA will go to 1.5 or so. I feel FNMA will see 2.6x first.
Anthony says -- Christmas is coming. Brokers need money. You should follow his advice. Sell FNMA and buy whatever your broker suggests with the proceeds. Maybe he will call you next month and recommend selling the current recommendation to get back into FNMA. It's called churning and some brokers are very good at it.