FNMA Company info 08/22/2014 08:28:11 $FNMA
I believe the reason is, PLS.
Private-label mortgage backed securities are securitized mortgages that do not conform to the criteria set by the Government Sponsored Enterprises Freddie Mac, Fannie Mae and Ginnie Mae. The mortgages that make up these securities do not have the backing of the government and as a result carry a significantly greater risk. Below is a diagram that represents the types of mortgages that would not classify as GSE conforming loans.
http://securitization.weebly.com/private-label-mbs.html
$$ FNMA $$
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60 MINUTES requests that all story suggestions be submitted in concise, written form.
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contact you directly within 4 to 5 weeks, you may assume that CBS News is not going to report your story.
FNMA Stock Message Board http://investorshangout.com/Fannie-Mae-FNMA-61730/
The tide is changing rapidly.... we will reach the shore safely and we will eventually prevail. Justice is key to America's success. .. The law is above any politician and judge Sweeney is not about to let anyone mess with America.
Well looks like WSJ is loaded with shares ha.. I bet you haven seen an about face like that since your active days
Treasury Abuses the Rule of Law With Fannie, Freddie
The legal question with the Treasure, Fannie and Freddie involves the rule of law and the willingness to honor contracts.
Aug. 21, 2014 5:34 p.m. ET
Regarding the article "White Flag for Frannie Investors" (Heard on the Street, Aug. 12), the title should be "Time for the U.S. Government to Surrender." I disagree with the thrust of the article, which is that the decline in the last quarter's payout from Fannie Mae FNMA +0.26% and Freddie Mac has shrunk the difference between the 10% dividend payable under the 2008 Senior Preferred Stock Purchase Agreement and the larger sums owing under the dividend sweep required by the 2012 Third Amendment.
First, one quarter doesn't resolve the valuation issue. It is the long-term prospects that determine how much money is at stake. Second, if that financial difference turns out to be as small as the article suggests, the government has no need to put forward a blizzard of dubious objections to excuse the Federal Housing Finance Agency from its clear statutory mandate, as conservator, to facilitate the orderly resumption of private market funding or capital market access for Fannie and Freddie. The government should surrender not because the stakes are low, but because it is wrong on the merits. The legal question involves the rule of law and the willingness to honor contracts. Get that right and the money can take care of itself.
Richard A. Epstein
Chicago
The writer is a law professor who has advised several institutional investors on the Fannie-Freddie litigation.
In 2008, the Treasury lured private investors into Fannie and Freddie, at an extremely risky moment, with the promise of a return if the entities returned to profitability. Once they started to generate a profit, the Treasury, with the stroke of a pen, changed the rules of the game and decided that all profits should go to the government's coffers. Such a theft of private property sends the wrong message to potential investors. If the government can turn around and deny companies the right to benefit from the risk they took, then who will invest in housing finance? This sends a terrible message to investors throughout the entire economy at a time when we are trying to move beyond a weak recovery.
The debate shouldn't be about the size of those profits, but about the very principles at stake which underline our economy—protection of property rights, keeping our word to investors and not changing the rules in the middle of the game.
Ken Blackwell
Director
Coalition for Mortgage Security
Cincinnati
COMPLETE 180° change in the NATIONAL discussion of the GSE's
No longer even talking about "winding down" of the GSE's ...
latest bipartisan Bills introduced in Congress are the preservation of GSE's
NOW the discussion in the National press (WSJ) is RULE of LAW !
...
imo the next meeting w JUDGE SWEENEY will spark FIREWORKS !!!
The more I think about it, the more realistic that SP is. AAPL, GOOG, and others crushed those numbers. We can too.
This is all that I have. The $200 billion evaluation is according to an independent evaluation conducted on the two GSEs. This comes from so called officials who say they have knowledge of this audit being conducted. If others know of other independent evaluations floating around this would be good to dissect if just for discussion.
what happened to the report on ...ripoff report/american.....that was reported here???????????anyone please
at a certain point the gov is going to have to stop supplementing its income through these suits. they have made a tidy profit on the "bailouts". i am all for accountability, but at a point the actions by the gov are detrimental to the country's economic stability. Mainstreet doesn't care about these settlements by banks primarily for the actions of other institutions that they absorbed. they want to see individuals prosecuted for their actions and thrown in jail. Show a few c-levels being walked out of their mansions in cuffs and we are getting somewhere...
Eating the apple twice seems to me more stealing of shareholders
when the sweep is overturned it will lead to the immediate collapse of the governments entire house of cards that they have built surrounding Fannie and Freddie. Judge Sweeney has already showed her hand by focusing on the fact that the conservatorship must end
From Tim Howard's latest blog
Time will tell
long and strong FNF
I know it is only seen as a token gesture, but I DID send information to Jon Stewart to see if he might investigate the debacle which is unfolding here. Stewart DID, as precedent, slam JPMC before for their stance on avoiding liability for acquired 'failed' banks of BearStearns and WAMU.
Given the income "sweep" and its unconstitutionality...he may take the torch and run with...at least for a stretch.
We need all the PUBLIC attention we can get in this...and, in my opinion, Jon Stewart's demographic is perfect for the cause.
Thoughts?
-Jest
Painful very painful.
The country is decaying from the head.
America = democracy = RUBBISH. They trying to rule the world and tell to other nations what to do.
Mr. Obama, your country has been steadily losing the credit and your coalition will turn their back very soon.
You have to take something before it will late.
.... sorry but the commenter is ill informed.
See my post from earlier today or yesterday clarifying the lawsuits.
The current ones are brought on by the department of justice, not the FHFA - and are government penalty fees for bad behavior.
Most of the lawsuits started by the fhfa already incurred settlements.
What the government is doing - effectively, is eating the same apple twice.
Don't let greed fool you - we as shareholders ARE NOT entitled to DOJ settlements.
Be well,
-zargis
No issue. Question was raised, I simply responded pointing that out.
Quote:
It was not leaked by plaintiffs so what is the issue?
I believe the reason is, PLS.
Private-label mortgage backed securities are securitized mortgages that do not conform to the criteria set by the Government Sponsored Enterprises Freddie Mac, Fannie Mae and Ginnie Mae. The mortgages that make up these securities do not have the backing of the government and as a result carry a significantly greater risk. Below is a diagram that represents the types of mortgages that would not classify as GSE conforming loans.
http://securitization.weebly.com/private-label-mbs.html
$$ FNMA $$
HERE ya GO ... We can submit 60 minutes SHOW suggestions !
How can I suggest a story to 60 MINUTES?
A. If you wish to bring a matter to the attention of 60 MINUTES, you may do so in writing via postal mail.
Please write to:
Story Editor
60 MINUTES
CBS News
524 West 57th Street
New York, NY 10019
60 MINUTES requests that all story suggestions be submitted in concise, written form.
Please do not send any original documents or additional materials that would need to be returned.
We receive a large number of story suggestions each week and cannot guarantee response or return of materials.
Alternately, you may send your request via email to 60m@cbsnews.com. If a 60 MINUTES producer does not
contact you directly within 4 to 5 weeks, you may assume that CBS News is not going to report your story.
FNMA Stock Message Board http://investorshangout.com/Fannie-Mae-FNMA-61730/
The tide is changing rapidly.... we will reach the shore safely and we will eventually prevail. Justice is key to America's success. .. The law is above any politician and judge Sweeney is not about to let anyone mess with America.
Well looks like WSJ is loaded with shares ha.. I bet you haven seen an about face like that since your active days
Treasury Abuses the Rule of Law With Fannie, Freddie
The legal question with the Treasure, Fannie and Freddie involves the rule of law and the willingness to honor contracts.
Aug. 21, 2014 5:34 p.m. ET
Regarding the article "White Flag for Frannie Investors" (Heard on the Street, Aug. 12), the title should be "Time for the U.S. Government to Surrender." I disagree with the thrust of the article, which is that the decline in the last quarter's payout from Fannie Mae FNMA +0.26% and Freddie Mac has shrunk the difference between the 10% dividend payable under the 2008 Senior Preferred Stock Purchase Agreement and the larger sums owing under the dividend sweep required by the 2012 Third Amendment.
First, one quarter doesn't resolve the valuation issue. It is the long-term prospects that determine how much money is at stake. Second, if that financial difference turns out to be as small as the article suggests, the government has no need to put forward a blizzard of dubious objections to excuse the Federal Housing Finance Agency from its clear statutory mandate, as conservator, to facilitate the orderly resumption of private market funding or capital market access for Fannie and Freddie. The government should surrender not because the stakes are low, but because it is wrong on the merits. The legal question involves the rule of law and the willingness to honor contracts. Get that right and the money can take care of itself.
Richard A. Epstein
Chicago
The writer is a law professor who has advised several institutional investors on the Fannie-Freddie litigation.
In 2008, the Treasury lured private investors into Fannie and Freddie, at an extremely risky moment, with the promise of a return if the entities returned to profitability. Once they started to generate a profit, the Treasury, with the stroke of a pen, changed the rules of the game and decided that all profits should go to the government's coffers. Such a theft of private property sends the wrong message to potential investors. If the government can turn around and deny companies the right to benefit from the risk they took, then who will invest in housing finance? This sends a terrible message to investors throughout the entire economy at a time when we are trying to move beyond a weak recovery.
The debate shouldn't be about the size of those profits, but about the very principles at stake which underline our economy—protection of property rights, keeping our word to investors and not changing the rules in the middle of the game.
Ken Blackwell
Director
Coalition for Mortgage Security
Cincinnati
COMPLETE 180° change in the NATIONAL discussion of the GSE's
No longer even talking about "winding down" of the GSE's ...
latest bipartisan Bills introduced in Congress are the preservation of GSE's
NOW the discussion in the National press (WSJ) is RULE of LAW !
...
imo the next meeting w JUDGE SWEENEY will spark FIREWORKS !!!
The more I think about it, the more realistic that SP is. AAPL, GOOG, and others crushed those numbers. We can too.
This is all that I have. The $200 billion evaluation is according to an independent evaluation conducted on the two GSEs. This comes from so called officials who say they have knowledge of this audit being conducted. If others know of other independent evaluations floating around this would be good to dissect if just for discussion.
what happened to the report on ...ripoff report/american.....that was reported here???????????anyone please
at a certain point the gov is going to have to stop supplementing its income through these suits. they have made a tidy profit on the "bailouts". i am all for accountability, but at a point the actions by the gov are detrimental to the country's economic stability. Mainstreet doesn't care about these settlements by banks primarily for the actions of other institutions that they absorbed. they want to see individuals prosecuted for their actions and thrown in jail. Show a few c-levels being walked out of their mansions in cuffs and we are getting somewhere...
Eating the apple twice seems to me more stealing of shareholders
when the sweep is overturned it will lead to the immediate collapse of the governments entire house of cards that they have built surrounding Fannie and Freddie. Judge Sweeney has already showed her hand by focusing on the fact that the conservatorship must end
From Tim Howard's latest blog
Time will tell
long and strong FNF
I know it is only seen as a token gesture, but I DID send information to Jon Stewart to see if he might investigate the debacle which is unfolding here. Stewart DID, as precedent, slam JPMC before for their stance on avoiding liability for acquired 'failed' banks of BearStearns and WAMU.
Given the income "sweep" and its unconstitutionality...he may take the torch and run with...at least for a stretch.
We need all the PUBLIC attention we can get in this...and, in my opinion, Jon Stewart's demographic is perfect for the cause.
Thoughts?
-Jest
Painful very painful.
The country is decaying from the head.
America = democracy = RUBBISH. They trying to rule the world and tell to other nations what to do.
Mr. Obama, your country has been steadily losing the credit and your coalition will turn their back very soon.
You have to take something before it will late.
.... sorry but the commenter is ill informed.
See my post from earlier today or yesterday clarifying the lawsuits.
The current ones are brought on by the department of justice, not the FHFA - and are government penalty fees for bad behavior.
Most of the lawsuits started by the fhfa already incurred settlements.
What the government is doing - effectively, is eating the same apple twice.
Don't let greed fool you - we as shareholders ARE NOT entitled to DOJ settlements.
Be well,
-zargis
No issue. Question was raised, I simply responded pointing that out.
Quote:
It was not leaked by plaintiffs so what is the issue?
