Fannie Mae (FNMA)

why is the Government not suspending trading of FNMA if the process is to wind  up. Why is discovery and or other share holder litigation do not trying to suspend winding up process till the court hearing is over thinking why ????

NEW YORK ( TheStreet ) -- Carl Icahn has become the latest big name investor to wager on shares of  Fannie Mae    ( FNMA _ ) , according to  court documents made available Monday. Icahn purchased 6.828 million shares of Fannie Mae common stock from the Fairholme Fund on March 11 for $4.03. Fannie Mae Shares were up more than 2% to $4.53 in mid-morning trades on Tuesday.  Fairholme is managed by Bruce Berkowitz, a Morningstar manager of the decade and one of the highest profile investors in both common and preferred stock of Fannie Mae and  Freddie Mac  ( FMCC _ ) . "The de minimis sale of Fannie Mae and Freddie Mac common stock several months ago was previously reported in our 13-F filing. Given the essential role of these companies in supporting American homeownership, our views regarding their value remain unchanged," said Daniel Schmerin, director of investment research at Fairholme, in an emailed statement.  Icahn join...

Why Fannie Mae (FNMA), Freddie Mac (FMCC) Stock Are Higher Today BY  Tedd Cohen | 06/03/14 - 01:23 PM EDT in Share Comment Link Find out if ( FNMA ) is in Cramer's Portfolio. NEW YORK ( TheStreet ) -- Shares of  Fannie Mae   ( FNMA _ )  Freddie Mac   ( FMCC _ )  are trading higher today, up 2.70% to $4.56 and 2.25% to $4.54, respectively. Carl Icahn  bought about $50 million worth of common stock in both from financier  Bruce Berkowitz 's funds in March, according to a court filing by Mr. Berkowitz, the Wall Street Journal reports. Icahn bought 6.8 million shares of Fannie and 5.7 million shares of Freddie from Berkowitz's Fairholme Capital Management LLC , the court document states.

Fannie, Freddie Sued by Massachusetts AG   The attorney general ( AG ) of Massachusetts, Martha Coakley has sued  Fannie Mae  ( FNMA ) and Freddie Mac ( FMCC ) for violating state anti-foreclosure law. The case, filed in Suffolk Superior Court, also named the Federal Housing Finance Agency, the U.S. regulator that oversees these two Government-Sponsored Enterprises (GSEs), as a defendant. Fannie and Freddie are accused of not allowing properties to enter buyback programs even though prevention of such initiatives proves to be expensive for these GSEs. The AG alleged that two of the policies of Fannie and Freddie violate the Massachusetts law called ‘An Act to Prevent Unnecessary and Unreasonable Foreclosures’. One of them, the ‘arm's-length transaction’ forbids these GSEs from allowing the sale of properties to nonprofit organizations as these residential properties will again be sold to its previous owner. The second ‘make whole’ policy stop...

cahn Buys Fannie Mae, Freddie Mac Shares From Fairholme By Christopher Condon     Jun 4, 2014 1:57 AM GMT+0530     1 Comment   Email   Print Jul Sep Nov 2014 Mar May 1.00 2.00 3.00 4.00 5.00 6.00 * Price chart for FANNIE MAE. Click flags for important stories. FNMA:US 4.65 0.21   4.73% Fairholme Capital Management LLC, the mutual-fund company run by  Bruce Berkowitz , sold $51 million in the common shares of mortgage financiers  Fannie Mae (FNMA)  and Freddie Mac to activist investor Carl Icahn , according to a court filing. Berkowitz sold $28 million in Fannie shares and $23 million in Freddie shares to funds controlled by Icahn on March 11, Fairholme disclosed in last week’s filing. After the sale, Fairholme still held about $141 million in the common shares of the two firms as of March 31, a separate filing with the U.S. Securities and Exchange Commission shows, and more than $1.4 billion in their prefer...

Fannie Mae: Icahn And Ackman Actually Agree On Something Jun. 3, 2014 2:39 PM ET    |    About:   Fannie Mae (FNMA) ,  Includes:  FMCC Disclosure:  I am long FNMA.  (More...) Summary Shares could be worth $14 each on current fee structure. Potential for higher fees mean value could be as high as $23 to $47 per share. Short-term catalysts including an end to the Net Worth Sweep or re-listing could boost shares. Shares of the Federal National Mortgage Association ( OTCQB:FNMA ) have nearly doubled in the last year as activist investors and hedge fund managers rally behind the mortgage giant. Efforts in Congress to wind down the government-sponsored entities (GSE) have gone nowhere and there are several catalysts for upside. For further proof of the potential, the investment has actually brought Bill Ackman and Carl Icahn to agreement after years of bitterness. Great Minds think Alike, Sometimes Activist i...