FNMA expected a few big news within 10 days. IMO, Wall Street got the signal with Democrat Sen. Reed's proposal (posted on the board). Also FHFA chief will be replaced next week, Another Democrat Mel Watt is the nominee of President Obama. Possible after new chief to uplist FNMA on the higher exchange. Remember FNMA founded by Democrats. Plus there is a shareholders lawsuit that is huge as well. And expecting some more resolution with banks. There are still 18 banks to make resolution with FNMA and its siblings , total amount 196 billion dollars.
ANOTHER MOST IMPORTANT THING is HOUSING BOOMING. delinquency RATES goes DOWN because of that FNMA could post THE BIGGEST quarterly PROFIT in ITS HISTORY AT Q2, IMO.
All indicators are positive so Mr. Market is ready to run FNMA FOR THE THIRD BIG RUN imho. |