Fannie Mae (FNMA)

Why I Bought Shares of Fannie Mae and Freddie Mac By  Alexander MacLennan  |  More Articles   May 20, 2014  |  Comments (3) This article is part of a series of articles that looks at  Fannie Mae    ( NASDAQOTCBB:  FNMA     )  and  Freddie Mac    ( NASDAQOTCBB:  FMCC     )  from an investment perspective. To  read the full analysis,  click here . Until solid profits started to show at Fannie and Freddie, the common stock was priced f or liquidation trading at around $0.30. But even as the profits started to appear, big investors like Fairholme Funds and Perry Capital purchased the preferred stock. It was only late last year that the common stock received major interest from a major investor when Bill Ackman bought nearly 10% of the outstanding shares of each GSE. The potential Trading in the $4 range, shares of Fannie and Freddie have a lot of potential ups...

NEW YORK ( TheStreet ) -- Bill Ackman demonstrated with his  short bet against  Herbalife   ( HLF _ )  that he isn't afraid to enlist politicians to his cause, but the Pershing Square Capital Management boss had been keeping pretty quiet about his stake in government sponsored enterprises  Fannie Mae   ( FNMA _ ) and  Freddie Mac   ( FMCC _ ) . Ackman broke his relative silence May 5, with a 110 slide presentation at the Ira Sohn investor conference, but don't expect the hedge fund manager to begin the kind of vocal campaign he has pursued with Herbalife, says a person familiar with Ackman's thinking.  Ackman took a bit of a bruising in the press in March, when  The New York Times  depicted the hedge fund manager as the  puppetmaster  behind government investigations of Herbalife. Since Ackman unveiled his short position on Dec. 20, 2012, he has faced considerable pushback from the company, as well as from i...

The US housing finance system works just fine From Mr Chris Lafakis. Sir, Edward Luce (“ Hedge funds are testing the quality of US democracy ” (Comment, May 12) paints the investors’ lawsuit against the US government on Fannie Mae and Freddie Mac as a righteous struggle between noble American democracy and the evil lords of Wall Street. Should we not question the authority of the US government to confiscate the profits of any company, including one that it bailed out, by fiat decree? The US government would not have dared to do this to AIG because it knows it would have lost in court. Banks, regulators and Congress were just as indispensable to the financial crisis as the government-sponsored enterprises. So why should the GSEs alone be taken to task? More I Mr Luce and virtually every commentator or politician who opines on this issue, including President Barack Obama, wants the US to unilaterally disarm one of its greatest sources of comparative advantage: cheap, ...

Should You Buy Preferred Shares of Fannie Mae and Freddie Mac? By  Alexander MacLennan  |  More Articles   May 19, 2014  |  Comments (0) This article is part of a series of articles that looks at  Fannie Mae    ( NASDAQOTCBB:  FNMA     )  and  Freddie Mac    ( NASDAQOTCBB:  FMCC     )  from an investment perspective. To  read the full analysis,  click here . Before the crisis, preferred stock in Fannie Mae and Freddie Mac was seen as a safe income security. As such, conservative investors and small banks purchased it. But when the GSEs melted down and required a bailout, preferred stock dividend payments were suspended and have yet to be resumed. Since the preferred stock available to private investors is junior to the senior preferred stock owned by the government, the junior preferred stock is in a similar situation as the common stock in that it provides no...

http://unitedforhomeownership.com/about-usAbout Us United for American Homeownership (UAH) is a coalition working to support the dream of homeownership and continue America’s economic recovery. We bring together a broad array of supporters, united in opposition to any legislative overhaul that would eliminate the critical pathways that lead to affordable homeownership for millions. Fannie Mae and Freddie Mac have offered such pathways for more than 75 years and are poised to continue providing these opportunities for years to come. Freddie Mac has provided nearly $8 trillion in mortgage financing since its inception; Fannie Mae has funded $4.1 trillion since 2009 alone. In that same time period – since 2009 – Freddie helped 953,000 Americans avoid foreclosure. In just 2013, Fannie helped 234,000 Americans stay in their homes or avoid foreclosure. Both Fannie and Freddie have emerged from the 2009 recession stronger than ever, and have paid back America’s taxpayers i...

What Others Say What Others Say individuals and organizations, including think tanks, public interest groups, investment research firms, and political activists, are voicing their concerns about current finance reform legislation and its potential threat to American homeownership. Here is a snapshot of conversation regarding the proposed Johnson-Crapo bill and a look at why Fannie and Freddie must remain intact: “Sens. Schumer, Menendez, Reed, Brown, Merkley and Warren’s vote against the Johnson-Crapo housing finance reform proposal is an encouraging development for the many U.S. women who hold the dream of affordable homeownership. We know that unscrupulous lenders targeted women of color, especially single mothers, seeking homes in good school districts for their kids, for abusive subprime loans. This bill does not adequately protect against such predatory behavior. As written, it would seek to eliminate Fannie Mae and Freddie Mac, the government entities that help provide ...

http://unitedforhomeownership.com/challenge challenge For more than 75 years, Fannie Mae and Freddie Mac have enabled families to achieve the American dream by helping to lower housing costs and provide better access to home financing.  Since their inception, Fannie and Freddie have collectively provided over $15 trillion of mortgage credit, bringing stability, liquidity, and affordability to the housing market. In fact, over the past five years alone – when the nation needed it most – Freddie Mac provided more than $2.2 trillion to support America’s housing market. This funding helped approximately 11.3 million families buy, refinance or rent a home. The steady stream of mortgage funding provided by Fannie and Freddie has especially helped Americans who might not otherwise be able to obtain financing for their home, including people of color and families with more limited incomes or wealth. Since 2009, Fannie Mae’s efforts have resulted in more than 1.5 million loan workout...