more message on FNMA


Federal National Mortgage Association (FNMA)

 -OTC BB  
4.06 Down 0.04(0.98%) 4:41PM EDT

Prev Close:4.10
Open:4.19
Bid:N/A
Ask:N/A
1y Target Est:2.00
Beta:4.08
Next Earnings Date:N/A
Day's Range:3.99 - 4.30
52wk Range:0.81 - 6.35
Volume:24,174,199
Avg Vol (3m):28,974,600
Market Cap:23.30B
P/E (ttm):N/A
EPS (ttm):-0.25
Div & Yield:N/A (N/A)
Quotes delayed, except where indicated otherwise. Currency in USD.










FNMA
  • dgplexus2 • Apr 28, 2014 2:23 AM Flag

    Bill written by Countrywide exec! Countrywide found LIABLE by jury!

    Google:
    Jury finds BofA's Countrywide liable for defrauding Fannie, Freddie
    .
    Countrywide was one of the major fraudsters that victimized Fannie and Freddie! Now they're trying to murder their victims, once and for all! This must not be allowed to stand! Fannie and Freddie did NOT cause the crisis! The mega fraudster big banks did! Less
    Sort:  Newest  |  Oldest  |  Most RepliedCollapse all replies
    • dgplexus2 • Apr 28, 2014 2:25 AM 
      Google:
      Former Countrywide Trader Behind Fannie/Freddie 'Reform' Bill - National Legal Policy Center

      Ex-Countrywide Exec Co-Wrote Mortgage Reform Bill - The Washington Free Beacon

      Recall this from Oct. 23, 2013:

      Bank of America Liable for Fraud In Countrywide Mortgage Case: Jury - Reuters Less
      • 2 Replies to dgplexus2
      • In gods name I can't believe people still have the notion it was FNF's fault!!
        Wake up people, the BANKS are the ones who lent money out to every Tom, #$%$ & Harry and then turned around and sold the loans to FNF with out disclosing the poor quality of loans they were selling.

        When Tom, #$%$ & Harry could not pay their mortgage anymore, the blame fell on Fannie, when it was ACTUALLY the BANKS WHO FAILED TO DISCLOSE THE POOR QUALITY.

        SHEESH PEOPLE WAKE UP LOL. Less
      • This same former Countrywide exec wrote most of the Corker-Warner and Johnson-Crapo "wind down" bills.

Comments

Post a Comment

Popular posts from this blog

Image
TAKEAWAYS  ON FANNIE,  FREDDIE EARNINGS Mortgage giants Fannie Mae and Freddie Mac are sending $10.2 billion to the U.S. Treasury after reporting combined first-quarter profits of $9.3 billion. But Thursday’s earnings reports hinted at a possible cooling off in the profits of both companies, which have benefited from large one-time gains over the past several quarters. They also suggested a modestly softer housing demand. Here are five takeaways: 8 MAY 2014 6:17PM BY   NICK TIMIRAOS   CONNECT 1 BIG ONE TIME GAINS Share on Twitter Fannie reported pre-tax income of $7.9 billion, of which $4.1 billion came in legal settlements that aren’t likely to be repeated. Freddie reported pre-tax income of $5.8 billion, with $4.9 billion in legal settlements. In recent quarters, the companies have also benefited from a big rebound in home prices. The rebound has allowed them to release reserves as expected losses failed to materialize and to re...
Read more

Fannie Mae Stress Test A Farce: Bove

Image
Fannie Mae Stress Test A Farce: Bove by  Clayton Browne May 01, 2014, 2:49 pm Rafferty Capital’s Dick Bove published a research report today focusing on the fate of the Johnson Crapo bill and the real import of the news regarding Fannie Mae failing the “severe economic downturn” stress test. Bove highlights that the Johnson Crapo bill to wind down Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) appears very unlikely to emerge from the Senate Banking Committee, and that Fannie Mae could pass even the worst case  stress test  if the government wasn’t siphoning off its profits. Johnson Crapo not going anywhere According to Bove, barring a miracle revival, the much-bemoaned  Johnson Crapo  bill is dead on arrival. “The reality is that the sponsors of the Bill do not have the 16 votes necessary to get the vote out of committee. Plus, key liberal Senators do not support th...
Read more

he has other vested interest he is conected so he is diffrent

Image
if  fanny is reformed as per government wishes he stand to gain by his wells fargo -so he goes.....Hew had the first call on many such crisis like Goldmans  preferred etc  he is not only connected via his moodys he get first all opportunity unlike us  1 Billionaire Weighs in Again on Fannie Mae and Freddie Mac By  Patrick Morris  |  More Articles   May 23, 2014  |  Comments (6) Warren Buffett at  Berkshire Hathaway   has once again provided a  unique and critical  insight into what he believes is best for government-sponsored mortgage enterprises  Fannie Mae   ( NASDAQOTCBB:  FNMA     )  and  Freddie Mac    ( NASDAQOTCBB:  FMCC     ) .  At the latest Berkshire Hathaway annual meeting, Buffett and longtime business partner Charlie Munger continued their tradition of conducting a question and answer session lasting more than six hours....
Read more