FMCC - Freddie Mac - Page 103

Same with me I will be buying more too if this continue to fall. LONG TERM.

I realize that this is a lot easier said than done.
A lot of traders/investors do not know how to set stop loss.
They keep thinking "long term" and let their shares dive like a free fall.

Remember that many many people say FRE and FNM are WORTHLESS companies. Yet, they still trade like nut case. But they can only be for TRADING.

rihgtly pointed out by coldwind .... if u do ur DD on FRE and FNM yoiu will realize that these are not for investing just for short term trading .. imho ...

If you don't believe that this is going to go to zero and want to hang in there for the long term, at least buy some puts to hedge your losses... and if it goes down to levels that you think are insanely low (like $0.40...?) buy some calls as a lottery ticket.

got some $1 putz

Okay, to put a little more bullish attitude in here I really gotta say that investors are overacting right now with both FRE and FNM. I think it is pretty much common knowledge that both of these stocks value is zero, even before the survey issued two days ago. Stocks like AIG, C, FRE, FNM, BAC, they are all speculative stocks as it is pretty well known their fundamentals suck, their earnings are crap, and their stock is worth nothing. It is all speculation, and that is a big factor in how these stocks perform.

I myself bought a good sum of FRE shares at $2 which looks pretty iffy now, but I still am a firm believer that these stocks have potential to get over that mark again, possibly even to the $3 mark within the next six months. The federal government is under a lot of pressure to extend the first time home buyers stimulus plan that is set to expire in Dec. 1 of this year and extend it to June of 2010. Also lawmakers are looking to make it open to all home buyers, not just first time home buyers which will consequently bring a very quick recovery in both of these stocks in my opinion.

I actually went ahead and bought some more FRE yesterday when the stock hit $1.09 and am going to hold it for what I think will be a good profit.

I guess what I want to say is, I am just a speculator too but i really think that this stock is going to be worthwhile and while I believe it is definatly not a very good long long term investment, its short term trading value within the next six months will prove to be profitable to those who can wait and not fall victim to emotional trading.

Just my .02 cents

I don't think you can compare BofA to zombie stocks like fre/fnm and aig

I'm with you, Just a spec my self. Who knows how this will turn out, but I'm not going to panic on one days news on fre and fnm when this is been going on for a long time..

any idea why it's droping like crazy?

Freddie Mac Releases Third Quarter 2009 Financial Results

Summary


Third quarter 2009 net loss was $5.0 billion. After the dividend payment of $1.3 billion to the U.S. Department of the Treasury on the senior preferred stock, net loss attributable to common stockholders was $6.3 billion, or $1.94 per diluted common share, for the quarter.
Net worth at September 30, 2009 was $10.4 billion. The positive net worth reflects an $8.5 billion gain in AOCI primarily driven by improved values on the company's available-for-sale securities. As a result of the positive net worth, no additional funding from the U.S. Department of the Treasury was required under the terms of the Senior Preferred Stock Purchase Agreement for the third quarter.
Third quarter 2009 results reflect:
Net interest income of $4.5 billion;
Net impairment of available-for-sale securities recognized in earnings of $1.2 billion; and
Provision for credit losses of $7.6 billion.
During the third quarter of 2009, Freddie Mac continued to support the housing market by:
Supporting the Obama Administration's Making Home Affordable program - enabling more than 78,000 struggling borrowers (more than 88,000 outstanding as of September 30, 2009) to accept offers to modify their loans under the Home Affordable Modification program and approximately 69,000 borrowers (approximately 98,000 year-to-date as of September 30, 2009) to lower their payments under the Freddie Mac Relief Refinance Mortgage(SM);
Helping approximately 26,000 additional borrowers stay in their homes or sell their properties through the company's long-standing, traditional foreclosure prevention programs; and
Providing liquidity to the mortgage market by purchasing or guaranteeing $125 billion in mortgage loans and mortgage-related securities, including $91 billion in single-family refinance volume.


Read More

Are these guys gunna R/S, or what?

Suprise no one is talking about this after earning come out

Fannie Mae and Freddie Mac are preparing to introduce a program aimed at helping independent mortgage banks acquire the short-term credit they need to make home loans."

They would do this through advance commitments to purchase the home loans, as long as they meet certain quality standards. This way the smaller banks could get short-term credit because the loans would be deemed less risky.

I gave a shout over to Howard Glaser this morning, who recently launched an advocacy group for community based mortgage lenders called Community Mortgage Lenders of America. He and the group have been pushing for such a plan.

Fannie Mae's plan to increase the flow of mortgage capital to independent mortgage bankers is welcome news for borrowers. By making credit available to the community based bankers who make 46% of the mortgage loans in this country, the cost of mortgage credit to borrowers will go down. With the housing market showing signs of a fragile recovery, Fannie's action will help ensure stability in the housing sector.

Nice little POP going on again :-)

i am in --> $1.33

i hope we can break this 1.43 resistance

How long before FRE & FNM get back on there feet ?
1, 3, 5 Years ?

Nice close....this might gap up in the am....

if this ever gonna dip back down to the low 1. Seems like its not looking back at all...This a good time to get it? (im long 3+)

Good Morning People :-)

Nice open again