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propertylender.c
1276 Posts |
 Posted - 09/06/2008 : 10:43:53 PM
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They will combine and rename them and make them less than half of what they both were with the most stringent guidelines.
What is your prediction? |
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peter
4543 Posts |
Posted - 09/06/2008 : 11:01:39 PM
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I just Sara on TV and she said that Fannie/Freddie had
grown too big and should be downsized to a smaller organization.
If elected V.P., I am sure she will carry out the implicit
promise in her speech.
Peter |
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homebroker@sbcgl
3435 Posts |
Posted - 09/07/2008 : 12:03:24 PM
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| With the government now in control, with their tract record, all I can say is pray, and pray a lot! |
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peter
4543 Posts |
Posted - 09/07/2008 : 6:10:16 PM
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I read from Bloomberg that Pimco Fund, the largest bond
fund in the world, is going to invest in Fannie & Freddie.
Why? They must see the future in a positive light that we
may not see it now.
Peter |
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canoe
78 Posts |
Posted - 09/07/2008 : 8:58:04 PM
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| Peter, Bill Gross of Pimco, which is one of the larger bond funds in the world, already hold fannie/freddie mortgage backed securities, Pimco has been a cheerleader for the feds taking ovwr Fannie for the last 6 months, anyway , this is a big win for pimco, because the spread on the mortgage backed securities will be better since the paper is now 100% gauenteed by the feds, prior to the feds taking over fannie/freddie , the chinese, and other large holders were getting killed on the fear that a fannie mae default on the mortgage backed securities, anyway, Pimco, will be a large buyer of MBS because they are now 100% gauranteed paper , just like treasury bonds, we should see a massive rush to the paper from many sources , especially, the Chinese, japanese, and other wealth funds, the bad part is we the tax payor probably are going to pay for these guys for many years, of course , if we get the necessary liquidy back in the mortgage market, we can all start to party like its 1999 and wont mind paying some taxes... Boo Yahh |
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homebroker@sbcgl
3435 Posts |
Posted - 09/07/2008 : 9:03:30 PM
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Japan seems to be doing OK Monday morning.
Nikkei 225 12,661.03 +448.80 +3.68% |
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peter
4543 Posts |
Posted - 09/07/2008 : 9:16:42 PM
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Canoe wrote:
"Pimco, will be a large buyer of MBS because they are now 100% gauranteed paper , just like treasury bonds, we should see a massive rush to the paper from many sources , especially, the Chinese, japanese, and other wealth funds, the bad part is we the tax payor probably are going to pay for these guys for many years, of course , if we get the necessary liquidy back in the mortgage market, we can all start to party like its 1999 and wont mind paying some taxes... Boo Yahh"
That would be great for our mortgage market indeed. If Pimco
buys MBS other bond funds will probably follow like a school of
fish, and let us hope for the revival of the market for the
good of everybody.
Peter |
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