FNMA~ $17.2 billion NET PROFIT~ DD with links
1) FNMA last year posted 17.2 BILLION DOLLARS net profit.
FNMA Reports Largest Net Income in Company History; $17.2 Billion for 2012 and $7.6 Billion for Fourth Quarter 2012
http://www.fanniemae.com/resources/file/ir/pd...ease.pdf
2) Net Income Per Share 16.04 DOLLARS
FNMA total net income 17.2 BILLION DOLLARS in 2012
Mar 31, 2012 Net Income 2,718,000,000 dollars
Jun 30, 2012 Net Income 5,119,000,000 dollars
Sep 30, 2012 Net Income 1,813,000,000 dollars
Dec 30, 2102 Net Income 7,570,000,000 dollars
Total Net income 17.2 BILLION DOLLARS in 2102
The company has total 1,158,080,000 outstanding shares
NET INCOME PER SHARE 17,200,000,000 / 1,158,080,000 = 16.04 DOLLARS
http://www.otcmarkets.com/edgar/GetFilingHtml...=9200264
3) FNMA~Company expects to remain profitable for the foreseeable future.
Fannie Mae has paid taxpayers $35.6 billion in dividends since 2008; company expects to remain profitable for the foreseeable future.
http://www.fanniemae.com/resources/file/ir/pd...ease.pdf
4) The company made agreement with Bank of America in January 2013. Bank of America will pay to FNMA 3.6 billion dollars plus to buy back 7.6 billion dollars bad loans that they sold to FNMA. It means 11.6 billion dollars another advantage FNMA got. I mean first quarter of 2013 we will see huge profit as well.
Bank of America agreement link
http://online.wsj.com/article/SB1000142412788...824.html
5) There are 20 Banks have to get agreement with FNMA to get back bad loans that they sold FNMA. I believe some of them will pay this year to FNMA.
http://beta.fool.com/kcolona/2013/04/03/more-...k0000001
6) SOURCE OF PROFIT: Serious Delinquencies Fell in February
04/03/2013| 05:06pm US/Eastern
Fannie Mae said serious delinquencies on single-family mortgages in its portfolio fell during February, as the U.S. housing market continues to show signs of a recovery.
The mortgage finance company on Tuesday had reported 2012 net income of $17.2 billion, its largest annual profit in its history and first in six years, as it was buoyed by the housing market's turnaround and declining rates of soured loans.
Fannie said the percentage of loans at least 90 days delinquent declined to 3.13% during the month from 3.18% during January. The prior-year rate was 3.82%.
The report also showed that Fannie's mortgage portfolio dropped 13% to $604.29 billion from a year earlier and was off by 2.6% from January. Its book of business, which includes mortgage-backed securities and other guarantees, declined to $3.181 trillion, an annualized rate of decline of 1.7%.
In addition, Fannie's net commitments to purchase mortgages fell 39% to $2.24 billion from a year earlier but were up 21% from the previous month.
The U.S. government took over the Fannie Mae and Freddie Mac through a legal process known as conservatorship in September 2008 as rising mortgage defaults threatened to burn through thin capital reserves.
http://www.4-traders.com/FEDERAL-NATIONAL-MOR...6604274/
7) Home prices increases that is another good sign FNMA will post big profits in 2013.
http://ih.advfn.com/p.php?pid=nmona&article=56608671
8) ~VERY IMPORTANT FOR Q1 PROFIT PREDICTION; MINIMUM 59 BILLION DOLLARS~
NEW YORK TIMES: $59 billion tax related gain will be posted at the first-quarter report
Fannie Mae Reports Record $7.6 Billion Quarterly Earnings
By REUTERS
Published: April 2, 2013
WASHINGTON (Reuters) — Fannie Mae, the largest mortgage financier in the United States, said Tuesday that it earned $7.6 billion in the fourth quarter, a record amount. It also predicted that it would be profitable “for the foreseeable future,” the latest sign that it is benefiting from a housing market recovery.
Add to Portfolio With its fourth-quarter earnings, Fannie Mae, which is owned by the federal government, earned $17.2 billion in 2012 — its first profitable year since 2006 and in contrast to its $16.9 billion loss in 2011.
Fannie Mae and its smaller sibling, Freddie Mac, were bailed out in 2008 as the housing crisis intensified, but the mortgage market has stabilized since then. The companies can now focus on their timetable for repaying their debt to taxpayers, $117.1 billion for Fannie Mae.
Home prices in January were 8.1 percent higher than a year earlier and mortgage delinquencies in the fourth quarter, which ended Dec. 31, fell to their lowest level since 2008.
Last year “really marked a turning point for us,” Timothy Mayopoulos, Fannie Mae’s chief executive, said in a conference call with reporters on Tuesday.
The company said in a regulatory filing on Tuesday that despite its higher profit, it was not taking a tax-related gain that could have added as much as $59 billion to its earnings. Recording the gain would have required Fannie Mae to pay a bigger dividend to the Treasury and would have limited its access to bailout support.
Fannie Mae said in the filing that it expected to start taking those tax-related gains as early as when it files its first-quarter report. The federal government took over Fannie Mae and Freddie Mac in 2008 as losses on souring loans mounted, and eased some terms of the bailout early this year. The government has said it hopes eventually to withdraw support from the two companies, which, with the Federal Housing Administration, provide financing for nine out of 10 new home loans.
http://www.nytimes.com/2013/04/03/business/fa...tml?_r=0
8) SO pretty much the money is ready to pay back like WSJ articles said.
Link for Wall Street Journal Article
http://online.wsj.com/article/SB1000142412788...834.html
9) The list of Hedge funds holding FNMA shares
Top Fund Holders
Holder Shares % Out Value* Reported
Capital Income Builder, Inc. 12,458,206 1.08 3,239,133 Dec 31, 2012
Franklin Custodian Funds-Income Fund 5,889,149 0.51 1,648,961 Sep 30, 2012
Franklin Templeton VIP-Franklin Income Securities 1,674,119 0.14 468,753 Sep 30, 2012
Lord Abbett Bond-Debenture Fund 818,000 0.07 229,040 Sep 30, 2012
EQ Advisors Trust-EQ/Franklin Core Balanced Portfolio 344,367 0.03 96,422 Sep 30, 2012
MET Investors Ser Tr-Lord Abbett Bond Debenture Portfolio 227,275 0.02 63,637 Sep 30, 2012
Advanced Series Tr-AST/Franklin Templeton Founding Fds Alloc 253,900 0.02 71,092 Sep 30, 2012
JNL Series Trust-JNL/Franklin Templeton Income Fund 165,000 0.01 46,200 Sep 30, 2012
John Hancock Var Ins Tr-Income Tr 103,273 0.01 28,916 Sep 30, 2012
SBL Fund 'Z' Series (Alpha Opportunity) 78,409 0.01 20,386 Dec 31, 2012
http://finance.yahoo.com/q/mh?s=FNMA+Major+Holders
10) FNMA CEO is Top Lawyer and Former BAC Counsel
http://www.nytimes.com/2012/06/06/business/fa...tml?_r=0
11) For those reasons above FNMA common shareholders will make significant profit in coming days, weeks, months and years. Remember SIRI was 8 cent rocked to over 4 dollars.
Big money started to pick up FNMA.
FNMA holds 3.2 TRILLION DOLLARS Asset. The biggest company in the world. Expecting minimum 60 billion dollars net profit at Q1, 2013
This is my opinion read, check and make your own decision.
~Blue~
1) FNMA last year posted 17.2 BILLION DOLLARS net profit.
FNMA Reports Largest Net Income in Company History; $17.2 Billion for 2012 and $7.6 Billion for Fourth Quarter 2012
http://www.fanniemae.com/resources/file/ir/pd...ease.pdf
2) Net Income Per Share 16.04 DOLLARS
FNMA total net income 17.2 BILLION DOLLARS in 2012
Mar 31, 2012 Net Income 2,718,000,000 dollars
Jun 30, 2012 Net Income 5,119,000,000 dollars
Sep 30, 2012 Net Income 1,813,000,000 dollars
Dec 30, 2102 Net Income 7,570,000,000 dollars
Total Net income 17.2 BILLION DOLLARS in 2102
The company has total 1,158,080,000 outstanding shares
NET INCOME PER SHARE 17,200,000,000 / 1,158,080,000 = 16.04 DOLLARS
http://www.otcmarkets.com/edgar/GetFilingHtml...=9200264
3) FNMA~Company expects to remain profitable for the foreseeable future.
Fannie Mae has paid taxpayers $35.6 billion in dividends since 2008; company expects to remain profitable for the foreseeable future.
http://www.fanniemae.com/resources/file/ir/pd...ease.pdf
4) The company made agreement with Bank of America in January 2013. Bank of America will pay to FNMA 3.6 billion dollars plus to buy back 7.6 billion dollars bad loans that they sold to FNMA. It means 11.6 billion dollars another advantage FNMA got. I mean first quarter of 2013 we will see huge profit as well.
Bank of America agreement link
http://online.wsj.com/article/SB1000142412788...824.html
5) There are 20 Banks have to get agreement with FNMA to get back bad loans that they sold FNMA. I believe some of them will pay this year to FNMA.
http://beta.fool.com/kcolona/2013/04/03/more-...k0000001
6) SOURCE OF PROFIT: Serious Delinquencies Fell in February
04/03/2013| 05:06pm US/Eastern
Fannie Mae said serious delinquencies on single-family mortgages in its portfolio fell during February, as the U.S. housing market continues to show signs of a recovery.
The mortgage finance company on Tuesday had reported 2012 net income of $17.2 billion, its largest annual profit in its history and first in six years, as it was buoyed by the housing market's turnaround and declining rates of soured loans.
Fannie said the percentage of loans at least 90 days delinquent declined to 3.13% during the month from 3.18% during January. The prior-year rate was 3.82%.
The report also showed that Fannie's mortgage portfolio dropped 13% to $604.29 billion from a year earlier and was off by 2.6% from January. Its book of business, which includes mortgage-backed securities and other guarantees, declined to $3.181 trillion, an annualized rate of decline of 1.7%.
In addition, Fannie's net commitments to purchase mortgages fell 39% to $2.24 billion from a year earlier but were up 21% from the previous month.
The U.S. government took over the Fannie Mae and Freddie Mac through a legal process known as conservatorship in September 2008 as rising mortgage defaults threatened to burn through thin capital reserves.
http://www.4-traders.com/FEDERAL-NATIONAL-MOR...6604274/
7) Home prices increases that is another good sign FNMA will post big profits in 2013.
http://ih.advfn.com/p.php?pid=nmona&article=56608671
8) ~VERY IMPORTANT FOR Q1 PROFIT PREDICTION; MINIMUM 59 BILLION DOLLARS~
NEW YORK TIMES: $59 billion tax related gain will be posted at the first-quarter report
Fannie Mae Reports Record $7.6 Billion Quarterly Earnings
By REUTERS
Published: April 2, 2013
WASHINGTON (Reuters) — Fannie Mae, the largest mortgage financier in the United States, said Tuesday that it earned $7.6 billion in the fourth quarter, a record amount. It also predicted that it would be profitable “for the foreseeable future,” the latest sign that it is benefiting from a housing market recovery.
Add to Portfolio With its fourth-quarter earnings, Fannie Mae, which is owned by the federal government, earned $17.2 billion in 2012 — its first profitable year since 2006 and in contrast to its $16.9 billion loss in 2011.
Fannie Mae and its smaller sibling, Freddie Mac, were bailed out in 2008 as the housing crisis intensified, but the mortgage market has stabilized since then. The companies can now focus on their timetable for repaying their debt to taxpayers, $117.1 billion for Fannie Mae.
Home prices in January were 8.1 percent higher than a year earlier and mortgage delinquencies in the fourth quarter, which ended Dec. 31, fell to their lowest level since 2008.
Last year “really marked a turning point for us,” Timothy Mayopoulos, Fannie Mae’s chief executive, said in a conference call with reporters on Tuesday.
The company said in a regulatory filing on Tuesday that despite its higher profit, it was not taking a tax-related gain that could have added as much as $59 billion to its earnings. Recording the gain would have required Fannie Mae to pay a bigger dividend to the Treasury and would have limited its access to bailout support.
Fannie Mae said in the filing that it expected to start taking those tax-related gains as early as when it files its first-quarter report. The federal government took over Fannie Mae and Freddie Mac in 2008 as losses on souring loans mounted, and eased some terms of the bailout early this year. The government has said it hopes eventually to withdraw support from the two companies, which, with the Federal Housing Administration, provide financing for nine out of 10 new home loans.
http://www.nytimes.com/2013/04/03/business/fa...tml?_r=0
8) SO pretty much the money is ready to pay back like WSJ articles said.
Link for Wall Street Journal Article
http://online.wsj.com/article/SB1000142412788...834.html
9) The list of Hedge funds holding FNMA shares
Top Fund Holders
Holder Shares % Out Value* Reported
Capital Income Builder, Inc. 12,458,206 1.08 3,239,133 Dec 31, 2012
Franklin Custodian Funds-Income Fund 5,889,149 0.51 1,648,961 Sep 30, 2012
Franklin Templeton VIP-Franklin Income Securities 1,674,119 0.14 468,753 Sep 30, 2012
Lord Abbett Bond-Debenture Fund 818,000 0.07 229,040 Sep 30, 2012
EQ Advisors Trust-EQ/Franklin Core Balanced Portfolio 344,367 0.03 96,422 Sep 30, 2012
MET Investors Ser Tr-Lord Abbett Bond Debenture Portfolio 227,275 0.02 63,637 Sep 30, 2012
Advanced Series Tr-AST/Franklin Templeton Founding Fds Alloc 253,900 0.02 71,092 Sep 30, 2012
JNL Series Trust-JNL/Franklin Templeton Income Fund 165,000 0.01 46,200 Sep 30, 2012
John Hancock Var Ins Tr-Income Tr 103,273 0.01 28,916 Sep 30, 2012
SBL Fund 'Z' Series (Alpha Opportunity) 78,409 0.01 20,386 Dec 31, 2012
http://finance.yahoo.com/q/mh?s=FNMA+Major+Holders
10) FNMA CEO is Top Lawyer and Former BAC Counsel
http://www.nytimes.com/2012/06/06/business/fa...tml?_r=0
11) For those reasons above FNMA common shareholders will make significant profit in coming days, weeks, months and years. Remember SIRI was 8 cent rocked to over 4 dollars.
Big money started to pick up FNMA.
FNMA holds 3.2 TRILLION DOLLARS Asset. The biggest company in the world. Expecting minimum 60 billion dollars net profit at Q1, 2013
This is my opinion read, check and make your own decision.
~Blue~
Fannie Mae (FNMA) Stock Research Links
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My Favorite Paid chat room with amazing chart setups is The Trading Stock Lounge http://www.thetradingstocklounge.com/
