FNMA Stock Alert 08/28/2014 20:32:53 $FNMA
No way, 3.88 is much more accurate.
As per my analysis tomorrow might close at 3,89-3,91
FNMA Stock Message Board http://investorshangout.com/Fannie-Mae-FNMA-61730/
FHFA/Watt is a tool for the Treasury. Treasury will not give up the stolen cash cow without a fight. Everything will have to be proven in court or the discovery must be damaging enough for them to settle. Why would Treasury help prove that FnF can stand up and walk by themselves by allowing uplist, recapitalization, release or ceasing the sweep? All in good time. The hedgies are smart and have the $$ to retain the best legal firms. Sucks to wait but it will be sooo worth it in the end.
Fannie Mae unable to dispel NYSE listing news.
Re-posting this great blog post
http://timhoward717.com/2014/08/28/fannie-mae...ting-news/
http://news.yahoo.com/doj-money-bank-america-...07619.html
Very hypocritical, FHFA sues all these banks and wins yet will not release FnF or stop the sweep so they can build capital and reserves. They know who really was at fault but keep FnF locked up like they are the plague.
Hopefully they'll bump nomura and RBS will get moved up too
Yes sir, they all do.
Aweoe good news. They'll settle
Lei sic m sic tang Gwong Dong Wa? DIU LEI !!!!!!!!!
How ironic...or should I say hypocritical...the FHFA are suing, and have settled with a lot of banks for defrauding FnF. But when it comes to FnF...FHFA claims they are the guilty party in the mortgage fraud world. And they expect us to trust them....what a crock of political hogwash.
HSBC, Nomura Lose Bid to Block U.S. Regulator Lawsuits
Bob Van VorisAug 28, 2014 6:33 pm ET
(Updates with FHFA claims in sixth paragraph.)
Aug. 28 (Bloomberg) -- HSBC Holdings Plc and Nomura Holdings Inc. lost a bid to block claims by a U.S. regulator the banks say were brought too late, clearing the way for a trial of HSBC over questionable mortgage practices.
U.S. District Judge Denise Cote today reaffirmed earlier rulings that claims by the Federal Housing Finance Agency, which sued the banks over residential mortgage-backed securities sold to Fannie Mae and Freddie Mac, aren’t barred by laws limiting the time in which suits must be filed.
The ruling allows the FHFA to go forward with a trial next month in which HSBC could be found liable for as much as $1.6 billion, according to the bank. It also puts added pressure on HSBC to settle. Nomura’s trial is scheduled for next year.
FHFA sued 18 banks in 2011 over losses to Fannie Mae and Freddie Mac on securities backed by risky mortgages. All but three of the banks -- HSBC, Nomura and Royal Bank of Scotland Group Plc -- have settled. Goldman Sachs Group Inc. last week agreed to pay $3.15 billion to buy back mortgage-backed securities to settle FHFA claims against it. Goldman Sachs was also scheduled to begin trial next month.
Robert Sherman, a spokesman for London-based HSBC, and Jonathan Hodgkinson, a spokesman for Chuo-Ku, Japan-based Nomura, declined to comment on the ruling.
False Statements
The FHFA said the banks defrauded Fannie Mae and Freddie Mac by making false statements about the quality of the loans underlying the securities. The regulator claimed the banks violated U.S. securities laws in addition to the laws of Virginia and the District of Columbia.
The FHFA sued more than three years after Fannie Mae and Freddie Mac bought the mortgage-backed securities, between Nov. 30, 2005, and July 3, 2007. The federal Securities Act requires claims to be made within three years. The Washington law has a three-year limit and the Virginia law a two-year limit, according to Cote. The banks said the claims were filed too late.
Cote ruled against motions to dismiss in cases involving UBS AG, HSBC and Nomura. UBS, Switzerland’s biggest bank, agreed in July 2013 to pay $885 million to settle the FHFA claims.
Cote ruled that the Housing and Economic Recovery Act of 2008 extended the time the FHFA could file claims. A federal appeals court in New York agreed with Cote, upholding her ruling in the UBS case.
HSBC and Nomura renewed their arguments after the U.S. Supreme Court in June issued its ruling in an environmental case involving CTS Corp. Cote ruled today that the CTS case doesn’t affect her rulings on the timing of the FHFA cases.
The case is Federal Housing Finance Agency v. HSBC North America Holdings Inc., 11-cv-06189, U.S. District Court, Southern District of New York (Manhattan).
http://washpost.bloomberg.com/Story?docId=137...R038OJ7CI3
Agreed
Tough one to figure out...he seems like an intelligent person.
Perhaps the mind is brainwashed and now closed.
Mikoli007
I agree I respect the constitution and abide by the laws of our country but both are being violated by our elected and appointed officials My attitude towards them is a reflection of their actions and leadership. They have not earned or deserve my respect Go Fannie. GLTA.
Big yank,
One thing you said was true...you do fail to see.
Good call HollyK-Also we can have respect for the U.S. Constitution, nowhere do I feel obligated nor necessary to have respect for a lot of politicians especially you little danky because you sound like one!
Good job Geo and Always. It amazes me how stupid big yank sounds in it's arguments. It's like listening to rich spoiled brat 3rd grader demanding he get his way because his parents are powerful so he begs for candy because he thinks money grows on trees and mommy and daddy have endless supplies of it and can do whatever they want when they want. Right up until someone slaps the snot out of him for being a spoiled brat!
When can we expect to hear something (ANYTHING) from
The Judge ?
No way, 3.88 is much more accurate.
As per my analysis tomorrow might close at 3,89-3,91
FNMA Stock Message Board http://investorshangout.com/Fannie-Mae-FNMA-61730/
FHFA/Watt is a tool for the Treasury. Treasury will not give up the stolen cash cow without a fight. Everything will have to be proven in court or the discovery must be damaging enough for them to settle. Why would Treasury help prove that FnF can stand up and walk by themselves by allowing uplist, recapitalization, release or ceasing the sweep? All in good time. The hedgies are smart and have the $$ to retain the best legal firms. Sucks to wait but it will be sooo worth it in the end.
Fannie Mae unable to dispel NYSE listing news.
Re-posting this great blog post
http://timhoward717.com/2014/08/28/fannie-mae...ting-news/
http://news.yahoo.com/doj-money-bank-america-...07619.html
Very hypocritical, FHFA sues all these banks and wins yet will not release FnF or stop the sweep so they can build capital and reserves. They know who really was at fault but keep FnF locked up like they are the plague.
Hopefully they'll bump nomura and RBS will get moved up too
Yes sir, they all do.
Aweoe good news. They'll settle
Lei sic m sic tang Gwong Dong Wa? DIU LEI !!!!!!!!!
How ironic...or should I say hypocritical...the FHFA are suing, and have settled with a lot of banks for defrauding FnF. But when it comes to FnF...FHFA claims they are the guilty party in the mortgage fraud world. And they expect us to trust them....what a crock of political hogwash.
HSBC, Nomura Lose Bid to Block U.S. Regulator Lawsuits
Bob Van VorisAug 28, 2014 6:33 pm ET
(Updates with FHFA claims in sixth paragraph.)
Aug. 28 (Bloomberg) -- HSBC Holdings Plc and Nomura Holdings Inc. lost a bid to block claims by a U.S. regulator the banks say were brought too late, clearing the way for a trial of HSBC over questionable mortgage practices.
U.S. District Judge Denise Cote today reaffirmed earlier rulings that claims by the Federal Housing Finance Agency, which sued the banks over residential mortgage-backed securities sold to Fannie Mae and Freddie Mac, aren’t barred by laws limiting the time in which suits must be filed.
The ruling allows the FHFA to go forward with a trial next month in which HSBC could be found liable for as much as $1.6 billion, according to the bank. It also puts added pressure on HSBC to settle. Nomura’s trial is scheduled for next year.
FHFA sued 18 banks in 2011 over losses to Fannie Mae and Freddie Mac on securities backed by risky mortgages. All but three of the banks -- HSBC, Nomura and Royal Bank of Scotland Group Plc -- have settled. Goldman Sachs Group Inc. last week agreed to pay $3.15 billion to buy back mortgage-backed securities to settle FHFA claims against it. Goldman Sachs was also scheduled to begin trial next month.
Robert Sherman, a spokesman for London-based HSBC, and Jonathan Hodgkinson, a spokesman for Chuo-Ku, Japan-based Nomura, declined to comment on the ruling.
False Statements
The FHFA said the banks defrauded Fannie Mae and Freddie Mac by making false statements about the quality of the loans underlying the securities. The regulator claimed the banks violated U.S. securities laws in addition to the laws of Virginia and the District of Columbia.
The FHFA sued more than three years after Fannie Mae and Freddie Mac bought the mortgage-backed securities, between Nov. 30, 2005, and July 3, 2007. The federal Securities Act requires claims to be made within three years. The Washington law has a three-year limit and the Virginia law a two-year limit, according to Cote. The banks said the claims were filed too late.
Cote ruled against motions to dismiss in cases involving UBS AG, HSBC and Nomura. UBS, Switzerland’s biggest bank, agreed in July 2013 to pay $885 million to settle the FHFA claims.
Cote ruled that the Housing and Economic Recovery Act of 2008 extended the time the FHFA could file claims. A federal appeals court in New York agreed with Cote, upholding her ruling in the UBS case.
HSBC and Nomura renewed their arguments after the U.S. Supreme Court in June issued its ruling in an environmental case involving CTS Corp. Cote ruled today that the CTS case doesn’t affect her rulings on the timing of the FHFA cases.
The case is Federal Housing Finance Agency v. HSBC North America Holdings Inc., 11-cv-06189, U.S. District Court, Southern District of New York (Manhattan).
http://washpost.bloomberg.com/Story?docId=137...R038OJ7CI3
Agreed
Tough one to figure out...he seems like an intelligent person.
Perhaps the mind is brainwashed and now closed.
Mikoli007
I agree I respect the constitution and abide by the laws of our country but both are being violated by our elected and appointed officials My attitude towards them is a reflection of their actions and leadership. They have not earned or deserve my respect Go Fannie. GLTA.
Big yank,
One thing you said was true...you do fail to see.
Good call HollyK-Also we can have respect for the U.S. Constitution, nowhere do I feel obligated nor necessary to have respect for a lot of politicians especially you little danky because you sound like one!
Good job Geo and Always. It amazes me how stupid big yank sounds in it's arguments. It's like listening to rich spoiled brat 3rd grader demanding he get his way because his parents are powerful so he begs for candy because he thinks money grows on trees and mommy and daddy have endless supplies of it and can do whatever they want when they want. Right up until someone slaps the snot out of him for being a spoiled brat!
When can we expect to hear something (ANYTHING) from
The Judge ?
