Fannie Mae (FNMA)

Icahn’s Purchase of Millions of Fannie, Freddie Shares Disclosed By Edvard Pettersson     Jun 4, 2014 4:21 AM GMT+0530     -  Carl Icahn  bought 6.8 million Fannie Mae and 5.7 million Freddie Mac shares on March 11, according to a federal court filing in Washington. Fairholme Funds Inc., a mutual fund headed by  Bruce Berkowitz , listed the transaction in a lawsuit against the U.S. over profits from the two companies the government seized during the 2008 financial crisis.

The 3 Paths for Fannie Mae and Freddie Mac's Future By  Matt Koppenheffer  |  More Articles   June 3, 2014  |  Comments (0) Fannie Mae  and  Freddie Mac  continue to baffle investors: On the one hand, these are huge, profitable companies holding significant value. On the other, the federal government still holds a claim to all of their profits, one it acquired during the 2008 financial crisis. Will the government maintain the status quo, keeping both semi-public? Will it eliminate the two mortgage lenders entirely? Or will it return them to the private market? In this segment of  Where The Money Is , Fool Matt Koppenheffer discusses the three options and what he sees as their implications. Tune in to get a better understanding of the future of these two gigantic financial entities, and share your thoughts in the comments below.

Fannie Mae And Freddie Mac Are Undercapitalized May. 18, 2014 10:06 AM ET    |    29 comments  |    About:   FNMA ,  FMCC Disclosure:  I am long FNMA, FMCC.  (More...) Summary The Third Amendment Net Worth Sweep is illegal. Fannie Mae and Freddie Mac have paid back more than they borrowed. The largest investor in Fannie Mae and Freddie Mac is the American taxpayer. The largest beneficiary of Fannie Mae and Freddie Mac is the American taxpayer. Fannie Mae and Freddie Mac saved America during the crisis and are the best solution going forward. Fannie Mae ( OTCQB:FNMA ) and Freddie Mac ( OTCQB:FMCC ) were two of the most profitable companies  of 2013. The Third Amendment Net Worth Sweep is Illegal I recommend listening to Charles J. Cooper's  interview  with The Federalist Society to better understand the illegal nature of the Third Amendment Net Worth Sweep. The law was broken. ...

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 GSEs have repaid every penny they borrowed. In the teeth of the crisis, no one thought this possible. The system worked.  It does not need to be “reformed”. 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, 30-year mortgages predicated on the full faith and credit of the US government and the dollar’s role as global reserve ...

WASHINGTON (Reuters) - The regulator of government-controlled mortgage finance firms Fannie Mae ( FNMA ) and Freddie Mac ( FMCC ) said on Sunday he would not oppose them having a smaller presence in the market but private capital had to be ready to take over first. Watt said last week, in his first public speech since taking office, that he did not want to shrink Fannie and Freddie's footprint, marking a sharp departure from his predecessor.Federal Housing Finance Agency Director Mel Watt said the two companies, which own or guarantee about 60 percent of all U.S. home loans, needed to remain in the housing finance market to make sure it was liquid and resilient. "It's not that I'm opposed to it and we will certainly allow it to happen," he told C-SPAN's "Newsmakers" program, when asked about the prospect of shrinking the lenders' activities. "But if the private sector is not ready to step into the space, and you shrink what Fannie and...

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 for 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 upside ...

These 2 Companies Made a $10.2 Billion Profit, But Investors Won’t See a Dime By  Matthew Frankel  |  More Articles   |  Save For Later   May 25, 2014  |  Comments (5) Fannie Mae  ( NASDAQOTCBB:  FNMA     ) and  Freddie Mac  ( NASDAQOTCBB:  FMCC     ) earned a very impressive profit of about $10.2 billion in the first quarter of 2014. Thanks to their bailout arrangement, 100% of this amount goes straight into the pockets of the U.S. Treasury. While the Treasury deserves to be compensated for its bailout of both companies during the financial crisis, don't the shareholders deserve some of the profits as well? After all, these are people who put their faith in businesses that were left for dead and have now returned to profitability, so it makes sense they want a cut. However, it's looking pretty unlikely they'll see anything and may even get wiped out altogether. Congress is actively trying t...