QUOTE AND NEWS
Benzinga  Jan 19  Comment 
Shares of Federal National Mortgage Assctn Fnni Me (OTC: FNMA) and Federal Home Loan Mortgage Corp (OTC: FMCC) are down more than 3 percent on Thursday following comments by President-elect Donald Trump’s Treasury Secretary nominee Steven...
CNNMoney.com  Jan 19  Comment 
Read full story for latest details.
Benzinga  Jan 18  Comment 
Federal National Mortgage Assctn Fnni Me (OTC: FNMA) and Federal Home Loan Mortgage Corp (OTC: FMCC) have seen their shares rally nicely post the election of Donald Trump, more than doubling from the $1.5 levels they traded before the...
Forbes  Jan 13  Comment 
Wiki Commons Should Fannie Mae and Freddie Mac be removed from government control, Steve Mnuchin — President-elect Donald Trump’s pick for Treasury Secretary — could benefit as an investor. The Goldman Sachs veteran outlined a proposal to...
Wall Street Journal  Jan 12  Comment 
Steven Mnuchin, nominated to be the next Treasury secretary, stands to benefit personally from a revival of Fannie Mae and Freddie Mac—a policy he backs—though he has pledged to quit the positions soon after his confirmation.
MarketWatch  Jan 9  Comment 
Surging mortgage rates, dwindling inventory, and soaring home prices are taking a toll on Americans’ attitudes toward ownership, according to a survey released Monday by Fannie Mae.
Wall Street Journal  Jan 4  Comment 
Fannie Mae and Freddie Mac can only be dealt with through a comprehensive solution that takes into account the interests of homeowners.




 

I suppose a priapicnl reduction program would be better than nothing, but there is always the risk of unintended consequences or even operational failure when attempting such a specific intervention. Why not let monetary policy do the work in a continuous, predictable, and agnostic fashion? It would deliver benefits not only to home owners, but also by reducing the real return on the many large cash-equivalent investments amassed by corporations like Apple ($60B last I checked), spurring them to put funds to more productive use. And of course, monetary policy can benefit from the Chuck Norris effect. Fiscal policy hasn't exactly inspired such reactions of late.

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki