FNMA Opinions 08/22/2014 21:32:26 $FNMA
R O T F A L M F A O
ot- a question for experienced traders
I have a bio stock where I see solid sell days for days.
Not a single buy trade.
What is going on?
TIA
FNMA Stock Message Board http://investorshangout.com/Fannie-Mae-FNMA-61730/
Goldman to Pay $3.15 Billion to Settle Mortgage Claims-link
The bank said on Friday that it had agreed to buy back $3.15 billion in mortgage bonds from Fannie Mae and Freddie Mac to end a lawsuit filed in 2011 by the Federal Housing Finance Agency, the federal regulator that oversees the two mortgage companies. The agency had accused Goldman of unloading low-quality mortgage bonds onto Fannie Mae and Freddie Mac in the run-up to the financial crisis. It estimates that Goldman is paying $1.2 billion more than the bonds are now worth.
http://dealbook.nytimes.com/2014/08/22/goldma...e&_r=0
Yup, it's totally real. It's like Captain Phillips staring Tom Hanks real.
Boredom is bad
Yes. Read the bottom.
Yes
The unique truth here is you are a poor devil. Time to go to rice fields.
This article is currently unavailable
Is this a joke?
Gold sacks going to pay a bill as well.
http://www.marketwatch.com/story/goldman-clos...?link=sfmw
i've been thinking that could be the fhfa's primary motive for a while. it may also be what leads some in washington to claim they don't want any profits going to existing shareholders.
*Flips a penny to Mierto* there, now give your shares to me.
"Be careful what you wish for."
(you never defined 'piece of that'
Be well,
-Zargis
A huge part of that $230Bill was DTA's, but don't get me wrong.....FNMA is poised to blast off...maybe another month
No, my point is that this is not the same BAC settlement. Why would the share price rise now for a settlement that actually occurred... 7+ months ago... with full payment. done.
The BAC suit that happened recently had nothing to do with us at all. The previous one did.
I.e. you and multiple others on this board have been citing the current Department of Justice BAC settlement that has no affect on us at all, because it does not involve us.
Goldman sachs - if it is 1billion+ in a settlement, may influence the price some, however the likely reason it will not is due to the amount of investors that are either holding, or have already been scared off.
Honestly, we may be just waiting for all of these lawsuits to finish (from the FHFA) and then siphon to the government before we are released... I could see that as a motive for the FHFA. (to toss it out there)
How many FHFA suits are there left, does anyone know? I haven't bothered to keep track of them but it seems there should only be a handful left.
Be well,
-Zargis
holdouts are Nomura, HSBC and Royal Bank of Scotland.
The bank(GS) is one of only four institutions still being pursued by the FHFA, which sued 18 institutions in 2011, accusing them of misrepresenting the quality of securities sold to Fannie Mae and Freddie Mac. The other holdouts are Nomura, HSBC and Royal Bank of Scotland.
http://www.ft.com/intl/cms/s/0/b604de64-2a1a-...z3BAKa2rkP
I need a job at the FHFA. They brought in close to 230ish billion over the past few years. I'll even give up my shares to get a piece of that.
Good. They weren't able to drop fnma but was able to drop fmcc by 2 pennies.
Exactly what I am saying. The Goldman Sachs settlement is already priced in since we knew it would settle eventually. I don't see the PPS going higher because of this.
Oh, and another point... when BAC originally did settle last year/ early this year, for some 11 billion, we DID rise in share price.
Be well,
-Zargis
R O T F A L M F A O
ot- a question for experienced traders
I have a bio stock where I see solid sell days for days.
Not a single buy trade.
What is going on?
TIA
FNMA Stock Message Board http://investorshangout.com/Fannie-Mae-FNMA-61730/
Goldman to Pay $3.15 Billion to Settle Mortgage Claims-link
The bank said on Friday that it had agreed to buy back $3.15 billion in mortgage bonds from Fannie Mae and Freddie Mac to end a lawsuit filed in 2011 by the Federal Housing Finance Agency, the federal regulator that oversees the two mortgage companies. The agency had accused Goldman of unloading low-quality mortgage bonds onto Fannie Mae and Freddie Mac in the run-up to the financial crisis. It estimates that Goldman is paying $1.2 billion more than the bonds are now worth.
http://dealbook.nytimes.com/2014/08/22/goldma...e&_r=0
Yup, it's totally real. It's like Captain Phillips staring Tom Hanks real.
Boredom is bad
Yes. Read the bottom.
Yes
The unique truth here is you are a poor devil. Time to go to rice fields.
This article is currently unavailable
Is this a joke?
Gold sacks going to pay a bill as well.
http://www.marketwatch.com/story/goldman-clos...?link=sfmw
i've been thinking that could be the fhfa's primary motive for a while. it may also be what leads some in washington to claim they don't want any profits going to existing shareholders.
*Flips a penny to Mierto* there, now give your shares to me.
"Be careful what you wish for."
(you never defined 'piece of that'
Be well,
-Zargis
A huge part of that $230Bill was DTA's, but don't get me wrong.....FNMA is poised to blast off...maybe another month
No, my point is that this is not the same BAC settlement. Why would the share price rise now for a settlement that actually occurred... 7+ months ago... with full payment. done.
The BAC suit that happened recently had nothing to do with us at all. The previous one did.
I.e. you and multiple others on this board have been citing the current Department of Justice BAC settlement that has no affect on us at all, because it does not involve us.
Goldman sachs - if it is 1billion+ in a settlement, may influence the price some, however the likely reason it will not is due to the amount of investors that are either holding, or have already been scared off.
Honestly, we may be just waiting for all of these lawsuits to finish (from the FHFA) and then siphon to the government before we are released... I could see that as a motive for the FHFA. (to toss it out there)
How many FHFA suits are there left, does anyone know? I haven't bothered to keep track of them but it seems there should only be a handful left.
Be well,
-Zargis
holdouts are Nomura, HSBC and Royal Bank of Scotland.
The bank(GS) is one of only four institutions still being pursued by the FHFA, which sued 18 institutions in 2011, accusing them of misrepresenting the quality of securities sold to Fannie Mae and Freddie Mac. The other holdouts are Nomura, HSBC and Royal Bank of Scotland.
http://www.ft.com/intl/cms/s/0/b604de64-2a1a-...z3BAKa2rkP
I need a job at the FHFA. They brought in close to 230ish billion over the past few years. I'll even give up my shares to get a piece of that.
Good. They weren't able to drop fnma but was able to drop fmcc by 2 pennies.
Exactly what I am saying. The Goldman Sachs settlement is already priced in since we knew it would settle eventually. I don't see the PPS going higher because of this.
Oh, and another point... when BAC originally did settle last year/ early this year, for some 11 billion, we DID rise in share price.
Be well,
-Zargis
