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Eli Lilly and Company Message Board

yertle120 41 posts  |  Last Activity: 11 hours ago Member since: Jan 6, 2005
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  • yertle120 yertle120 11 hours ago Flag

    why do coke and pepsi have the same prices?

  • Reply to

    DOJ should be investigated

    by mainejeff 11 hours ago
    yertle120 yertle120 11 hours ago Flag

    I agree, these stocks were trading flat even before the release on a big up day with oil down huge, something was leaked.

  • Reply to

    DOJ

    by mechjr 11 hours ago
    yertle120 yertle120 11 hours ago Flag

    Apparently the DOJ didn't hear the barbs these guys were throwing at each other last month. Heaven forbid the airlines ever make a profit. Let's just let Amtrak run them.

  • Reply to

    Another attack on a Friday...Hmmmm..

    by nowcleanupguy Jun 19, 2015 2:07 PM
    yertle120 yertle120 Jun 19, 2015 5:49 PM Flag

    And yet again Barron's publishes it. They must scour bearish blogs for their "news"

  • Fannie Mae Eases Credit To Aid Mortgage Lending
    By STEVEN A. HOLMES
    Published: September 30, 1999
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    WASHINGTON, Sept. 29— In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders.

    The action, which will begin as a pilot program involving 24 banks in 15 markets -- including the New York metropolitan region -- will encourage those banks to extend home mortgages to individuals whose credit is generally not good enough to qualify for conventional loans. Fannie Mae officials say they hope to make it a nationwide program by next spring.

    Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits.

    In addition, banks, thrift institutions and mortgage companies have been pressing Fannie Mae to help them make more loans to so-called subprime borrowers. These borrowers whose incomes, credit ratings and savings are not good enough to qualify for conventional loans, can only get loans from finance companies that charge much higher interest rates -- anywhere from three to four percentage points higher than conventional loans.

    ''Fannie Mae has expanded home ownership for millions of families in the 1990's by reducing down payment requirements,'' said Franklin D. Raines, Fannie Mae's chairman and chief executive officer. ''Yet there remain too many borrowers whose credit is just a notch below what our underwriting has required who have been relegated to paying significantly higher mortgage rates in the so-called subprime market.''

    Demographic information on these borrowers is sketchy. But at least one study indicates that 18 percent of the loans in the subprime market went to black borrowers, compared to 5 per cent of loans in the conventional loan market.

    In moving, even tentatively, into this new area of lending, Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But the government-subsidized corporation may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980's.

    ''From the perspective of many people, including me, this is another thrift industry growing up around us,'' said Peter Wallison a resident fellow at the American Enterprise Institute. ''If they fail, the government will have to step up and bail them out the way it stepped up and bailed out the thrift industry.''

    Under Fannie Mae's pilot program, consumers who qualify can secure a mortgage with an interest rate one percentage point above that of a conventional, 30-year fixed rate mortgage of less than $240,000 -- a rate that currently averages about 7.76 per cent. If the borrower makes his or her monthly payments on time for two years, the one percentage point premium is dropped.

    Fannie Mae, the nation's biggest underwriter of home mortgages, does not lend money directly to consumers. Instead, it purchases loans that banks make on what is called the secondary market. By expanding the type of loans that it will buy, Fannie Mae is hoping to spur banks to make more loans to people with less-than-stellar credit ratings.

    Fannie Mae officials stress that the new mortgages will be extended to all potential borrowers who can qualify for a mortgage. But they add that the move is intended in part to increase the number of minority and low income home owners who tend to have worse credit ratings than non-Hispanic whites.

    Home ownership has, in fact, exploded among minorities during the economic boom of the 1990's. The number of mortgages extended to Hispanic applicants jumped by 87.2 per cent from 1993 to 1998, according to Harvard University's Joint Center for Housing Studies. During that same period the number of African Americans who got mortgages to buy a home increased by 71.9 per cent and the number of Asian Americans by 46.3 per cent.

    In contrast, the number of non-Hispanic whites who received loans for homes increased by 31.2 per cent.

    Despite these gains, home ownership rates for minorities continue to lag behind non-Hispanic whites, in part because blacks and Hispanics in particular tend to have on average worse credit ratings.

    In July, the Department of Housing and Urban Development proposed that by the year 2001, 50 percent of Fannie Mae's and Freddie Mac's portfolio be made up of loans to low and moderate-income borrowers. Last year, 44 percent of the loans Fannie Mae purchased were from these groups.

    The change in policy also comes at the same time that HUD is investigating allegations of racial discrimination in the automated underwriting systems used by Fannie Mae and Freddie Mac to determine the credit-worthiness of credit applicants.

  • Reply to

    All the pumpers will disappear at $50

    by carl_celian_icahn May 28, 2015 10:01 PM
    yertle120 yertle120 Jun 12, 2015 1:16 PM Flag

    Who cares? Anybody that listened to you and started buying puts about 50 points ago.

  • Reply to

    why?

    by jcotton15 Jun 12, 2015 9:19 AM
    yertle120 yertle120 Jun 12, 2015 9:31 AM Flag

    Let's see ETP, PE 64, paying out more than twice earnings in dividend and will probably be raising the dividend every quarter. Learn about the business and DCF before posting this garbage.

  • Reply to

    The 6th reason...

    by thewzrdaz Jun 11, 2015 7:30 PM
    yertle120 yertle120 Jun 11, 2015 7:38 PM Flag

    Not only that, all of this existed when he was allegedly recommending the stock and those fine journalists at Barron's pick it up like it's gospel.

  • Reply to

    Isn't this OLD news?

    by ovtilong Jun 8, 2015 12:04 PM
    yertle120 yertle120 Jun 8, 2015 12:33 PM Flag

    capitulation by both analysts and weak hands

  • Reply to

    IATA forecast

    by mechjr Jun 8, 2015 9:37 AM
    yertle120 yertle120 Jun 8, 2015 9:40 AM Flag

    IATA seems to be at odds with these lemming analysts and big mouth Cramer. The rest of their forecast.

    IATA raises its estimate for 2015 global airline profits to $29.3B from a prior forecast of $25B. Lower oil prices and a focus in the industry on efficiency are both cited by the association as positive factors. IATA says load factor is at a record high of 80.2%.

  • Reply to

    Lemelson just killed us...

    by dustyonexx Jun 6, 2015 11:58 PM
    yertle120 yertle120 Jun 8, 2015 8:35 AM Flag

    Just another short that will fuel the move higher when he has to cover. Frankly, I can't imagine why would he be short now if he thinks the next couple of quarters will be great.

  • Reply to

    carlthechump

    by josve942 Jun 3, 2015 1:38 PM
    yertle120 yertle120 Jun 5, 2015 3:29 PM Flag

    Now, now, he has consistently said to buy worthless puts rather than shorting the stock like badcrobert.

  • yertle120 by yertle120 Jun 3, 2015 10:25 AM Flag

    To all of the knee jerk morons that sold on the last quarter without listening to the CC, allowing me to add under $18

  • yertle120 yertle120 Jun 3, 2015 8:41 AM Flag

    Sounds like an idiot to me. Stock drops 20% and then they downgrade? Maybe, just maybe these risks are priced in at this level and shouldn't this clown have been aware of these risks before today?

  • yertle120 by yertle120 Jun 2, 2015 6:57 AM Flag

    Coming to a Hooter's near you

  • yertle120 yertle120 Jun 1, 2015 11:20 AM Flag

    Nor could it hold the Barron's bounce, pitiful

  • Reply to

    Price target $137

    by ice_in_my_brain May 29, 2015 7:54 AM
    yertle120 yertle120 May 29, 2015 8:50 AM Flag

    Uncle Carl, badcrobert, dpetterson

    Larry, Curly, Moe

  • yertle120 yertle120 May 20, 2015 10:08 AM Flag

    They should have enough cash flow in the next few years to buy back the entire company. Anybody that has booked a flight lately knows this competition #$%$ is way overstated

  • They downgrade but have to increase their price target

LLY
84.85+1.36(+1.63%)Jul 1 4:02 PMEDT