Subprime mortgages + CDO

[kopec1]

Bush podpísal návrh zákona
na pomoc vlastníkom domov a hypoústavom

Americký prezident George W. Bush podpísal dnes návrh zákona o finančnej pomoci 400.000 vlastníkom domov, ktorým hrozí exekúcia a zároveň o podpore kľúčovým financovateľom hypoték Fannie Mae a Freddie Mac.

Washington 30. júla (TASR) - Americký prezident George W. Bush podpísal dnes návrh zákona o finančnej pomoci 400.000 vlastníkom domov, ktorým hrozí exekúcia a zároveň o podpore kľúčovým financovateľom hypoték Fannie Mae a Freddie Mac.

Cieľom zákona je obmedziť exekúcie a zastaviť voľný pád cien nehnuteľností. To by mal umožniť nový fond v hodnote 300 miliárd USD (5,81 bilióna Sk), ktorý pomôže nesolventným vlastníkom domov získať prijateľnejšie hypotéky a zbaviť sa exotických hypoték, ktoré si nemôžu finančne dovoliť.

Zákon okrem toho chce obnoviť dôveru vo Fannie Mae a Freddie Mac, ktoré vlastnia alebo ručia za približne polovicu hypoték v USA. Súčasťou zákona sú prísnejšie podmienky pre obe spoločnosti, ale aj nová právomoc ministerstva financií poskytnúť ústavom finančnú injekciu a zabrániť ich prípadnému bankrotu.

Na základe tohto zákona vznikne nový, nezávislý regulačný úrad Federálna agentúra pre financovanie nehnuteľností, ktorá bude dohliadať na činnosť Fannie Mae a Freddie Mac. Agentúra bude sledovať či firmy plnia stanovenú kapitálovú primeranosť, určovať ich rozsah portfólia a sledovať aj výšku platov manažmentu oboch inštitúcií, ktoré sú ako jedny z mála financované štátom.

Informovali o tom agentúry Reuters a Bloomberg.

[BGuru]

The Financial Crisis: Part I -- It's the Fed's Fault

http://www.briefing.com/GeneralContent/ ... OfTheCurve

The real problem is that government policies and actions to allocate more capital toward mortgage originations has created an over-allocation. In order for capital markets to absorb all of the resold mortgages, creative new securities were invented.
Expressed as simply as possible, today's financial crisis can be directly related to the social agenda of expanding the allocation of capital to mortgages for individuals.

By setting a tone of reducing risk to attract investors, the public initiatives created an atmosphere of "passing the risk to someone else." The private market initiatives followed this tone, which has led to today's financial crisis.

Over the past 40 years, these social initiatives gave birth to the private market problems we are facing today. It is only fitting that government action now "undo" this situation by assuming the risk. It was only by burying, obscuring, or reassigning that risk that attracted capital to the mortgage markets in the first place.

Ironically, few elected officials seem to see this link between federal housing policy and today's crisis.

[BGuru]

The Financial Crisis - Part II: It's 2008. Do You Know Where Your Mortgage Is?
http://www.briefing.com/GeneralContent/ ... OfTheCurve

[filip glasa]

o Fannie:
http://blogy.etrend.sk/pavel-sibyla/tri ... 46494.html

[jogo]

Tu je nejake vlakno o Fanny a Fredy tak tu napisem svoj dotaz.
V portfoliu mi zacali skakat "dve mrtve macky" Fanny a Freddy (FNMA, FMCC), tak som pozeral, co za tym moze byt, ale dako som to nepochopil(ach ta anglina). Kedze uz vzrastli cez 100% za tri dni, tak by som sa chcel opytat, ci neviete, co za tym rastom stoji?

[jogo]

http://www.nismagazine.com/updated-tren ... ci/122818/" onclick="window.open(this.href);return false;

New York, NY – (NISMAGAZINE) – 3/19/2013- Federal National Mortgage Association (OTC:FNMA) continued its stellar run and added 37.81% to close at $0.718 after trading a huge volume of 85.3 million shares compared to a normal average of 6.7 million shares. Also known as Fannie Mae, this government-sponsored enterprise supports liquidity and stability in the secondary mortgage market and by securitizing mortgage loans originated by lenders in the primary mortgage market. The company is said to be working on an accounting change that could clear the way for it to repay the billions of dollars it received in the form of a bailout from the U.S. Treasury after the financial crisis. Fannie Mae is likely to report a substantial profit in its fourth-quarter for 2012, resulting in its reporting biggest annual profit and the first in the black in more than six years. As of September 30, 2012, the company had about $61.5 billion in the form of write-downs of deferred tax assets, which it proposes to reclaim with these profits and those in subsequent periods. The timing of this accounting adjustment is crucial enough to the firm that it will delay the result of its annual report until it resolves this issue with its accountants and regulator. The accounting change would result “in a significant dividend payment” to the U.S. Treasury, according to the Wall Street Journal, and thereby repay the bailout dues much earlier than expected.

Je to zaujimave, co sa tam zacina diat. Dokonca som uz kdesi cital, ze FNMA bude akcia roka 2013. Tak to ju asi nepredam....mozno napodobni Ford z roku 2009.

[Rokosák]

Fannie Mae a Freddie Mac maju velmi malo spolocneho so Subprime hypotekami a CDO.

[jogo]

Konecne sa uz zacina pisat o FNMA aj u nas. http://www.patria.cz/zpravodajstvi/2340 ... krava.html" onclick="window.open(this.href);return false;

[jogo]

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