FNMA The Federal National Mortgage Association, co

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Post# of 28526

Posted On: 05/05/2014 9:13:37 PM

Posted By: testuser

FNMA The Federal National Mortgage Association, commonly known as Fannie Mae(FNMA), is a stockholder-owned corporation chartered by Congress in 1968 as a government-sponsored enterprise (GSE), but founded in 1938 during the Great Depression . The corporation's purpose is to purchase and securitize mortgages in order to ensure that funds are consistently available to the institutions that lend money to <a style="color: #336699; text-decoration: none; cursor: pointer; font-family: Arial, Tahoma, Verdana, FreeSans; font-size: 17px;" rel="nofollow" href="http://clicks.aweber.com/y/ct/?l=FwJgA&m=3gJrG1PugtlloMm&b=.xpCTXeKYJoz3lOiTvjghw" target="_blank">homebuyers</a>. Web Site: <a style="color: #336699; text-decoration: none; cursor: pointer; font-family: Arial, Tahoma, Verdana, FreeSans; font-size: 17px;" rel="nofollow" href="http://clicks.aweber.com/y/ct/?l=FwJgA&m=3gJrG1PugtlloMm&b=uKO6EUQ9.JZVoIVPN3PH1A" target="_blank">http://www.fanniemae.com</a> By 2012, as the share prices of AIG and other financial stocks rose, the fund rebounded, posting a yearly return of 35.8%, compared with 16% for the Standard & Poor's 500-stock index. Fairholme is up 21% this year through Aug. 14, compared with 19.8% for the S&P 500. After the government seized Fannie and Freddie, it agreed to inject vast sums of aid in exchange for a new class of stock-so called "senior preferred" shares-that initially paid a 10% dividend. It also received warrants to acquire 80% of the common shares; it didn't assume full ownership to avoid bringing $5 trillion in assets and liabilities onto the federal ledger. Few saw any value in those shares after their collapse, but some investors, including hedge funds Perry Capital LLC and Paulson & Co., began buying the preferred shares at deep discounts. The government upended investors' positions last year when it amended the terms of its rescue. The revamped bailout doesn't require any dividend payment when the firms lose money, but when they turn a profit, all of those earnings are sent to the Treasury as dividends. Fairholme's lawsuit challenges those terms. A Treasury spokesman said, "We fully believe our actions have been lawful and appropriate." <a style="color: #336699; text-decoration: none; cursor: pointer;" rel="nofollow" href="http://clicks.aweber.com/y/ct/?l=FwJgA&m=3gJrG1PugtlloMm&b=tGA1koTqXJvhALSCbuTeEA" target="_blank">http://online.wsj.com/article/SB10001424127887324139404579015032274244954.html</a> FNMA/FMCC's profit bigger than APPLE, EXXON, JP MORGAN, BAC, CITI, BERKSHIRE . DO YOU THINK SHARE PRICE WILL STAY AT THIS LEVEL... NO WAY.. IMHO, C-SHIP WILL END AND FNMA/FMCC WILL BE UPLISTED. READ, CHECK LINKS AND MAKE YOUR OWN DECISION.

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