Author Topic: FNMA and FMCC preferreds. In search of the elusive 10 bagger.  (Read 2379247 times)

rros

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #9740 on: April 27, 2018, 11:33:14 AM »
I love how fake press tries to shape public opinion. They tried to put Jamie dimon as treasury secretary and Dimon really wanted it.

Imfpubs now spreading rumors that it will be in 2021 , 14 years, that we will see reform in and demarco who tried to gut gse’s is coming back as fhfa director (may be the biggest joke of 2018).

Casey research puts out a piece on bitcoin that it is going to 50,000 and now puts out that it is going to 0 on july 21. And asking you to buy marijuana stocks as they think the whole america will soon be dopey.

So called experts are useless with their fake news. Beware.
C'mn Emily. All the experts you need are here. No more imfpubs for you! I am predicting the start of a recession by July lol. More likely,  lots of R talk by the summer. Can Paolo even perform my Oracle magic?


investorG

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #9741 on: April 27, 2018, 12:13:20 PM »
I don't factor dividends into the prefs I'm buying at all.  Not expecting the div rate to have any meaningful, if any at all, impact long-term.

I have a core position that I hold on to. I just use the rest to jump around and hopefully take advantages of the sways of the market. The correlation directly reflects the market's opinion of the probability that dividends ever get turned back on. I leave out FNMAS and FMCKJ on purpose to avoid liquidity premiums tainting the data, but I include FNMAT when I perhaps shouldn't.

Im surprised the market even bothers to take divs into account at this point with some trading at the % of par that they are. 10 years into this mess for some reason that is still respected.

probably the dividend correlation increases when limited positive news is expected over the near term (now).   it likely shrunk when there was noise of resolution in the corker bill.

investorG

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #9742 on: April 29, 2018, 04:42:05 AM »
was the government's reply due last Thursday in the Delaware case?  I don't see it on gselinks.

onyx1

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rros

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #9744 on: April 30, 2018, 07:02:02 AM »
So, what is the agenda?

Luke 5:32

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #9745 on: April 30, 2018, 07:12:27 AM »
So, what is the agenda?

Yep.

Well, we know what the agenda is for the RNC.
"Lead me with strong hands, stand up when I can't. Don't leave me hungry for love chasing dreams, what about us? Show me you're willing to fight, that I'm still the love of your life." Listen: https://www.youtube.com/watch?v=yLr6G8Xy5uc

rros

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #9746 on: April 30, 2018, 07:22:49 AM »
So, what is the agenda?

Yep.

Well, we know what the agenda is for the RNC.
It can only be an agenda that, presumably, Watt doesn't support. Moelis?

DRValue

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #9747 on: April 30, 2018, 07:25:56 AM »
https://www.foxbusiness.com/markets/treasury-unveils-fix-for-restoring-fannie-mae-freddie-mac

I can't reconcile Mnuchin's comments about replacing the FHFA director with someone who supports the agenda. Didn't Watt write a paper advocating for a utility model for shareholder owned companies? What was in it that Mnuchin may not agree with? If he agrees with it, is the delay just so Mnuchin can get some leverage?

Mnuchin said a government guarantee for 30 year mortgage was necessary but didn't say a model (implicit or explicit). Could be argued that an implicit guarantee is all that's needed.
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cherzeca

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #9748 on: April 30, 2018, 08:15:40 AM »
https://www.foxbusiness.com/markets/treasury-unveils-fix-for-restoring-fannie-mae-freddie-mac

I can't reconcile Mnuchin's comments about replacing the FHFA director with someone who supports the agenda. Didn't Watt write a paper advocating for a utility model for shareholder owned companies? What was in it that Mnuchin may not agree with? If he agrees with it, is the delay just so Mnuchin can get some leverage?

Mnuchin said a government guarantee for 30 year mortgage was necessary but didn't say a model (implicit or explicit). Could be argued that an implicit guarantee is all that's needed.

anyone see the interview?  saying that next year trump can replace watt and whoever is next director must agree with agenda doesnt necessarily mean that mnuchin thinks watt doesnt agree with program, depending on context of question and how he answered

SnarkyPuppy

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #9749 on: April 30, 2018, 08:25:57 AM »
My quick take-

Mnuchin wants an explicit guarantee but doesn't want receivership/end of the current GSEs.
- watt likely won't agree to Mnuchin acting administratively to implement explicit backstop or won't allow Mnuchin to act administratively at all sans congress legislation
- congress likely won't come up with legislation with current GSEs around (e.g. public shareholder model)

Once Treasury has an FHFA director that will be agreeable on both -> recap with explicit guarantee + utility structure