By blue $FNMA~ 2 important news and the
Post# of 1629
We are waiting 2 news
FNMA financials (Q1 profit) will be out nowadays, Expecting tens of billions of dollars profit, according to news and 10K, annual filing. That profit will make FNMA, the most profitable company in the world in 2013.
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FNMA posted $17.2 billion record net profit in 2012, the largest annual and quarterly net income in the company’s history.
Also FNMA posted 7.6 billion dollars profit last year at fourth quarter. FNMA was the most profitable financial firm in USA.
http://www.fanniemae.com/resources/file/ir/pd...elease.pdf
New FHFA Chief appointment news
Obama Administration will change FHFA cheif Demarco according to news. Probably Mark Zandi will be FHFA chief. This will be a game changer situation for FNMA, politically. The banks that sold bad loans to FNMA and sister company will be forced to buy back those loans about 200 billion dollars. It can pay all taxpayers money plus profit for FNMA.
http://online.wsj.com/article/SB1000142412788...87826.html
The government after appointment of new FHFA chief gradually will be out from FNMA, according to news.
Housing recovery continues and delinquency rates goes down. It means FNMA will be profitable for the foreseeable future like CEO said.
http://www.bloomberg.com/video/mayopoulos-on-...cmpid=yhoo
Shareholders of FNMA will own the company, IMO.
So we are talking about share price before 2008 it was between 70-90 dollars range.
for FNMA share price historically
http://www.otcmarkets.com/stock/FNMA/chart
FNMA will be qualify to trade at higher exchange, revenue, profit, shareholders base very enough.