It was very frustrating to deal with Fannie Mae in the past you weren't asked for your opinions but were told what to do. They are now a partner where you can conduct conversation and dialogue.
Quotes about fannie (16 Quotes)
The mortgage is the largest obligation that people take on and it's very expensive to get a mortgage and very painful. It's not a fun process. So we've invested quite a bit of money in using the Internet and e-commerce to make it easier. Fannie Mae has become one of the largest e-commerce companies in the world. Last year, we underwrote through automated underwriting and electronically, two and a half million loans, 300 billion of transactions. This year will be over 400 billion. So e-commerce is moving into the mortgage sector and it's going to affect everybody.
A large holding in the fund would be a company, for example, like Fannie Mae or AOL, ... A stock that I have currently been adding to is Omnicom Group.
Fannie Mae and Freddie Mac will even lend 103 percent of the homes value, ... You need to have very good credit to qualify for this kind of loan.
It's hard to imagine that there will be a move towards yanking that guarantee, or weakening the implied guarantee, because it just makes too much sense for the average U. S. citizen. Their benefit is they save money on the mortgage rate because of Fannie and Freddie's status, but bear the risk of either or both of these businesses going bankrupt. The odds of that are so small that the benefit, in my view, greatly outweighs the cost, and it's hard to see Congress changing that story. And Fannie and Freddie's debt is the really the cheapest form of debt outside of Treasury debt.
I think we're not going to preserve Fannie and Freddie in anything like their current form. We're going to have to bring fundamental change to that market.
Why is there so much standardization in the industry There's a very simple answer for that -- Freddie Mac and Fannie Mae.
It was a good thing that I was in jail, because there is no way that I could have matched the speech given by Fannie Lou Hamer,
Quoting Oprah Winfrey, TV personality, regarding the women pioneers I have crossed over on the backs of Sojourner Truth and Harriet Tubman and Fannie Lou Hamer and Madame C. J. Walker. Because of them I can now live the dream. I am the seed of the free, and I know it. I intend to bear great fruit.
I am where I am because of the bridges that I crossed. Sojourner Truth was a bridge. Harriet Tubman was a bridge. Ida B. Wells was a bridge. Madame C. J. Walker was a bridge. Fannie Lou Hamer was a bridge.
And so Fannie Mae produces very strong results for investors in - when interest rates are high and when interest rates are low, in recession and during booms.
Right now Fannie Mae is trading at a price to earnings multiple that is below its growth rate, yet Fannie Mae is one of seven companies in the SP 500 that's grown its earnings double digit for the past 13 years.
It will be the second-best year in housing history, and we believe it will be a very strong year for Fannie Mae,
We will not support returning Fannie and Freddie to the role they played before conservatorship, where they fought to take market share from private competitors while enjoying the privilege of government support.
The Federal Reserve has been unable to find any credible purpose for the huge balance sheets built by Fannie and Freddie other than the creation of profit through the exploitation of the market-granted subsidy,
As a result of their actions, the administration is not prepared to support repeal of the government-sponsored enterprises' exemption from the Securities Act of 1933, and the Office of Federal Housing Enterprise Oversight is not pursuing a securities registration regime for Fannie Mae and Freddie Mac,