Both Fannie Mae ( FNMA ) and Freddie Mac ( FMCC ) are rocking and rolling. Mnuchin's interview paired with the court of appeals' move against the Gov't have sparked more interest here. This is great and another potential catalyst today could add fuel to the fire. HOWEVER, is there a motion likely before the election? I think the jury is still out on that front. ...
At this point FNMA might not be all speculation. "This latest plan is to return the two back to private hands. But as part of the plan, there would be a Treasury backstop in place. But this hasn’t come without pushback. Senate Banking Committee Senator Sherrod Brown has issues with this plan. The concern stems from possible risks that could arise by giving up...
FMCC price touched strong weekly support line. possibly long. wait for abc pattern for confirmation. I also watching this one .
I have a wild theory about Fannie Mae and Freddie Mac. There is a lot of speculation for both companies since the housing bubble crash. I think fear will drive the price down to as low as $1.00 - $1.75 range. Once the Blue Print is revealed I think it will shoot back up. It could also gradually climb back up depending on how the news sells the overhaul. Let's see...
All news aside it would be incredible to reach these levels again and fulfill decade long trend lines.
Prior to this initial price surge, the White house released comments about their intentions to deliver a solution to the GSE reform (Re-privatizing Freddie & Fannie). Both Mortgage giants have been forwarding their profits to the U.S. Treasury and delivering handsome returns since 2008, after they were bailed out by the U.S. Government during the crisis. Now,...
It's been 10 Days since last bullish FNMA idea posted on this account and the stock outperformed. The target was $3-$5, the price cleared the bottom end of this target already.
Notice the support lines from Nov coming into play again and the nice triangle formation between where the breakout started in November and the are it bounced off of today. Also the amount of cloud has shrunk considerably. $FNMA Long
Notice that beautiful W formation on the 15 Min chart and the breakout about the Cloud also the multiple bounces off the support line at $2.86 notice this was once a level of resistance.