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FNMA and FMCC
- Thread starter m22au
- Start date
"Hedge Funds Can't Sue Over Investments in Fannie and Freddie"
https://www.bloomberg.com/news/arti...t-worth-sweep-case-affirmed-in-part-on-appeal
FNMA down $1.44 or 34.70% to $2.71
FNMAS down $3.01 or 28.03% to $7.73
.
https://www.bloomberg.com/news/arti...t-worth-sweep-case-affirmed-in-part-on-appeal
FNMA down $1.44 or 34.70% to $2.71
FNMAS down $3.01 or 28.03% to $7.73
.
Last edited:
https://twitter dot com/HoldenWalker99 tweeted a good summary of a Maria Bartiromo interview with Steven Mnuchin.
It looks like FNMA stock is responding positively to the interview, up over 10% this morning.
The September 4 high for FNMAS was $13.10
The September 5 high for FNMA was $3.07
A break above these levels on volume would be a good sign.
At the time of writing (8.25am) FNMA looks to be trading at $3.09.
It also looks like FNMAS is bid over $13.10.
"Fannie, Freddie stocks soar after Mnuchin says deal is close to end profit sweep"
https://www.marketwatch.com/story/f...-deal-is-close-to-end-profit-sweep-2019-09-09
update @ 8.55am:
https://finance.yahoo.com/quotes/fnma,fnmas,fmcc,fmckj/
21 May high for FNMA was $3.27
7 June high for FNMAS was $14.09
FNMA looks like it will open above $3.27
FNMAS sitting close to $14.00
.
It looks like FNMA stock is responding positively to the interview, up over 10% this morning.
The September 4 high for FNMAS was $13.10
The September 5 high for FNMA was $3.07
A break above these levels on volume would be a good sign.
At the time of writing (8.25am) FNMA looks to be trading at $3.09.
It also looks like FNMAS is bid over $13.10.
"Fannie, Freddie stocks soar after Mnuchin says deal is close to end profit sweep"
https://www.marketwatch.com/story/f...-deal-is-close-to-end-profit-sweep-2019-09-09
update @ 8.55am:
https://finance.yahoo.com/quotes/fnma,fnmas,fmcc,fmckj/
21 May high for FNMA was $3.27
7 June high for FNMAS was $14.09
FNMA looks like it will open above $3.27
FNMAS sitting close to $14.00
.
Last edited:
Separate to the Mnuchin interview, from Friday 6 September:
"Fannie-Freddie Investors Fighting Profit Sweep Get Key Win"
https://www.bloomberg.com/news/arti...estors-get-key-win-in-bid-to-end-profit-sweep
.
"Fannie-Freddie Investors Fighting Profit Sweep Get Key Win"
https://www.bloomberg.com/news/arti...estors-get-key-win-in-bid-to-end-profit-sweep
.
Seeking Alpha story links to WSJ article about court victory:
https://seekingalpha.com/news/3497958-frannie-soaring-court-victory
https://seekingalpha.com/news/3497958-frannie-soaring-court-victory
It looks like this story
https://seekingalpha.com/news/3501079-fannie-freddie-poised-pause-treasury-sweeps-soon-wsj
may be closer to an official an official announcement.
There is a Bloomberg headline "Fannie, Freddie Permitted to Boost Capital Cushions by Billions"
Still searching for a link to a relevant article ...
.
https://seekingalpha.com/news/3501079-fannie-freddie-poised-pause-treasury-sweeps-soon-wsj
may be closer to an official an official announcement.
There is a Bloomberg headline "Fannie, Freddie Permitted to Boost Capital Cushions by Billions"
Still searching for a link to a relevant article ...
.
Treasury PR:
https://home.treasury.gov/news/press-releases/sm786
Bloomberg article:
"Fannie, Freddie Permitted to Boost Capital Cushions by Billions"
https://www.bloomberg.com/news/arti...rmitted-to-boost-capital-cushions-by-billions
Other Articles:
https://seekingalpha.com/news/3502582-fannie-freddie-will-allowed-stash-cash
https://www.marketwatch.com/story/f...apital-per-treasury-fhfa-agreement-2019-09-30
.
https://home.treasury.gov/news/press-releases/sm786
Bloomberg article:
"Fannie, Freddie Permitted to Boost Capital Cushions by Billions"
https://www.bloomberg.com/news/arti...rmitted-to-boost-capital-cushions-by-billions
Other Articles:
https://seekingalpha.com/news/3502582-fannie-freddie-will-allowed-stash-cash
https://www.marketwatch.com/story/f...apital-per-treasury-fhfa-agreement-2019-09-30
.