Housing Market Still Needs Fannie Mae!
Web Site: http://www.fanniemae.com
About Fannie Mae:
The Federal National Mortgage Association, commonly known as Fannie Mae, is a stockholder-owned corporation chartered by Congress in 1968 as a government-sponsored enterprise (GSE), but founded in 1938 during the Great Depression. The corporation's purpose is to purchase and securitize mortgages in order to ensure that funds are consistently available to the institutions that lend money to home buyers.
On September 7, 2008, James Lockhart, director of the Federal Housing Finance Agency (FHFA), announced that Fannie Mae and Freddie Mac were being placed into conservatorship of the FHFA. The action is "one of the most sweeping government interventions in private financial markets in decades". As of 2008, Fannie Mae and the Federal Home Loan Mortgage Corporation (Freddie Mac) owned or guaranteed about half of the U.S.'s $12 trillion mortgage market.
Excellent video and possible future for FMNA
http://www.housingwire.com/video/housingwire-interviews-jim-millstein
Ive heard this a huge play strengthening!!
Fannie Mae is also helping the housing market recover and Duncan says it will "continue to play an important role in the housing market, providing liquidity” since private capital is not easily available.
For those looking to establish a position in Fannie Mae, now may be a great time to establish a position in the company as I believe the chances for a favorable ruling by the FHFA are pretty good.
Do load them here an now and be in early to hold em !! That is an the easy call here!! So huge upside!!
