Day 3 Murder-Markets: Fannie & Freddie (FNM, FRE)
We are seeing yet another day of the murderous selling in Fannie Mae (FNM) and Freddie Mac (FRE). This is becoming a self fulfilling prophecy despite the GSE’s saying they are adequately capitalized. At 9:42 AM EST we have seen already 19.2 million shares in FNM trade down 7% at $4.18 and 15.3 million FRE [...]
Volume Spike: Fannie & Freddie (FNM, FRE)
We are seeing a huge amount of share volumke heading in and out of Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) early this Monday morning. Barron’s panned the GSE lenders over the weekend saying that a taxpayer and government bailout/recapitalization was likely to wipe out common shareholders entirely and would likely cause large [...]
A Tale of Two Gappers: AMBAC vs. Freddie Mac
We have quite a different outcome for two key mortgage players this morning. Ambac Financial Group, Inc. (NYSE: ABK) and Freddie Mac (NYSE: FRE) both reported earnings, yet they are as different as night and day. Ambac is seeing a share gain of about 4% right before the open. The company actually managed to post [...]
Fannie & Freddie Volume Through The Roof (FNM, FRE)
Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE:: FRE) are seeing more downside volume than one could imagine. We have discussed ramifications of a merger or failure of either one. Traders are betting against these in a big way and we have seen nearly triple the volume in Freddie Mac and nearly double the volume [...]
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