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Darned good article from Seeking Alpha about the FNMA earnings. As reported, it continues to be a black hole. The MBS are not backed by the Full Faith and Credit of the US Govt. Will Barney ever decide to let it go - or will the govt. be forced to let it unwind? that would be a black day for the Mortgage REIT stocks.
http://seekingalpha.com/article/171815-t... In the comments to that piece is a link to something a bit more positive: http://brontecapital.blogspot.com/2009/1... Rating :
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| Subject | Author | Rating | Time of Post (ET) | ||
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Will there be a Problem with Agency Paper
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cmeng | Not rated | 7-Nov-09 01:21 pm | ||
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Reality is without Freddie and Fannie the home own...
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ferdiefor |
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8-Nov-09 09:31 pm | ||
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I wouldn't bet the farm on your opinion. the...
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sid66tb | (1 Rating) | 9-Nov-09 04:43 am | ||
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The low life districts with the highest defau...
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cmeng | (1 Rating) | 9-Nov-09 10:00 am | ||
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"Barney wants to have as much power as possib...
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sendtodrew | (1 Rating) | 9-Nov-09 11:27 am | ||
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Your right and nobody would be able to get loan to...
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wiganunda | (1 Rating) | 9-Nov-09 08:18 am | ||
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Wig,
Banks must make loans to make money. T...
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cmeng | (1 Rating) | 9-Nov-09 10:04 am |
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