Mon, Nov 24, 2014, 2:09 AM EST - U.S. Markets open in 7 hrs 21 mins

Recent

% | $
Quotes you view appear here for quick access.

Prospect Capital Corporation Message Board

spankydoodle70 2 posts  |  Last Activity: Oct 4, 2014 10:28 AM Member since: Aug 13, 2012
SortNewest  |  Oldest  |  Highest Rated Expand all messages
  • spankydoodle70 spankydoodle70 Oct 4, 2014 10:28 AM Flag

    Ssshhhhhhh!....Quiet.

    FNMAS is being heavily manipulated and accumulated imo. There ZERO reason for it be trading lower than FNMAT. Both are $25 coupons if Fannie is left intact. They are equal to other preferred's and rank ahead of commons in liquidation.

    Thursday I had bids 2-3 cents above the "ask" and they weren't filling. My broker never misses a beat and for 20 years has been INSTANT on bids at the "ask". That leads me to believe there was a line covering and accumulating.

    Sentiment: Hold

  • - Market Talk

    "Serious delinquencies (at least 3 payments behind) in Freddie's (FMCC) single-family mortgage portfolio fell below 2% for the first time in 6 years in August, just-released data show, as it and sibling Fannie (FNMA) continue to see their holdings' credit quality improve. The rate fell to 1.98% from 2.02% in July and 2.64% in August 2013 after peaking after the financial crisis above 4%. Delinquencies topped 5% at FNMA, and its drop has been even starker as it too fell below 2% for August at 1.99%, the mortgage financier said earlier this week. Amid the falling delinquencies, the firms have been able to send billions of dollars a quarter of late to the federal government ."

    Harder and harder to justify winding anything down with ever improving numbers.

PSEC
9.60-0.060(-0.62%)Nov 21 4:00 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.