Blogs about FNM - Stockpickr! Your Source for Stock Ideas

Blogs about FNM

Blogs	Description	Date Updated
Thursday Outlook: Overbought!	Manipulation? Well, it’s pretty plain when the government deliberately releases a horrible Beige Book report early to coincide with Bank of America's (BAC) announcement it will buy back 75M shares of stock and maintain its dividend--you know the fix is in. Do you wonder where the money will come from to pay this dividend and buy more stock if not from taxpayers via the discount window? Do you realize that the Fed can buy GSE bonds [Fannie (FNM) and Freddie (FRE) for example] direc...	July 24, 2008
Fannie and Freddie and executive pay, oh my	Filed under: Federal Natl Mtge (FNM), Economic data, HousingBoth Republican and Democratic members of Congress agree that Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) may need a taxpayer-funded bailout. Amounts of the bailout have ranged as high as $25 billion. While this is a whopping big bucket of money, it pales in comparison to the $217 billion worth of non-agency securities that have fallen in value and the $1.5 trillion in debt downgrades in 2Q alone. In order to mitigate objections ...	July 23, 2008
$8.6 billion in foreclosed homes weigh down bank balance sheets	Filed under: Federal Natl Mtge (FNM), Economic data, RecessionBloomberg News reports that the 8,500 banks and S&Ls in the U.S. hold $8.56 billion worth of foreclosed homes on their balance sheets. And most of those $6.9 billion, are held by two companies -- Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE). They hold 81% of the foreclosed properties but 50% of the mortgages -- more evidence that Fannie and Freddie financed far more bad loans than their standards should have permitted. This...	July 23, 2008
Jim Cramer’s Mad Mail	John from Kentucky writes, “What are your thoughts on Annaly Capital Management (NLY)? Should I hold it here for the juicy dividend that they just increased?” Cramer said he’s lost a lot of money investing in NLY and he isn’t getting behind the name. He said the stock has too much leverage and is too levered to Fannie Mae (FNM) and Freddie Mac (FRE). Join the fastest growing community of small cap investors at Stockhideout.com...	July 22, 2008
Financial ETFs Trip Early, Then Dust Themselves Off	Beginning late last week, financial exchange traded funds [ETFs] had a nice ride. This morning, it appeared the good times were about to stop, but after Treasury Secretary Henry Paulson pushed Congress to quickly approve a plan that would support Fannie Mae (FNM) and Freddie Mac (FRE), the funds righted themselves, reports Martin Crutsinger for the Associated Press.A rescue of the mortgage giants could cost as much as $25 billion, according to the top budget analyst in Congress....	July 22, 2008
Will the real estate collapse cost America $8 trillion?	Filed under: Federal Natl Mtge (FNM)The New York Times reports that the cost to bailout Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) could hit $25 billion. But that cost dwarfs what the collapse of the real estate market might cost our country in total. I think $8 trillion is a reasonable estimate -- that's about 56% of our $14.2 trillion Gross Domestic Product (GDP). Why are we talking about a taxpayer bailout of these two government sponsored entities (GSEs)? After all, shareholders own...	July 22, 2008
Rescuing Fannie Mae and Freddie Mac may cost $25 billion	Filed under: Federal Natl Mtge (FNM), Economic data, Presidential elections, Federal ReserveA government bailout of Fannie Mae and Freddie Mac would cost U.S. taxpayers $25 billion over the next two years under a plan being proposed by the Bush administration, according to an analysis by the Congressional Budget Office.The July 14th proposal by the administration would grant the Secretary of the Treasury temporary authority to purchase obligations and other securities issued by Fannie, Freddie a...	July 22, 2008
Why did it take so long to look at Fannie/Freddie's books?	Filed under: Federal Natl Mtge (FNM), Economic data, Federal Reserve, RecessionThe New York Times reports that as the White House pushes Congress to fund its bailout of Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE), it is finally getting around to scrutinizing their financial condition. Is there any chance that the inspection will NOT reveal a critical need for the Congressional bailout? No. That investigation is guaranteed to support the White House's case. The Times reports that the Fede...	July 22, 2008
Fannie Mae (FNM) and Freddie Mac (FRE) on Wallstrip - It’s Backwards Day	You can’t teach the ‘yoots’ of America about the stock market going forward without an explanation of the Fannie Mae (FNM) and Freddie Mac (FRE) debacle. So Julie does : Julie should be running monetary policy. ...	July 21, 2008
Split Fannie and Freddie into "good" and "bad" banks	Filed under: Federal Natl Mtge (FNM)What bothers me about last weekend's vague plan to bail out Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) is that it fails to solve the basic problem they face. The problem is that nobody is willing to put a hard number on what proportion of the mortgages they guarantee are likely to keep making their monthly payments ("good assets") and which are not ("bad assets"). If we analyze that split, we may be able to lower the cost of bailing them out by putti...	July 20, 2008

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