Timeless Investor

FHFA Proposes Minimum Capital Requirements $181 Billion for Fannie and Freddie- from FHFA web site and also IMF news. FHFA will also be holding a webinar on the proposed rule on June 19 at 1:30 p.m. EDT to explain the proposed rule and answer questions. It is a step in the right direction, even though the future is still murky because we do not know whether and when the recap will happen. Continue reading →

Another new piece of information on speculation of Executive-branch solution for GSEs, Continue reading →

Statement of Melvin L. Watt, Director, FHFA, Before the U.S. Senate Committee on Banking, Housing, and Urban Affairs. Watt’s capital proposal for GSEs. Continue reading →

Mnuchin again delays the GSEs reform to 2019 and here is reasonable speculation on why he wants to do so. – this sounds to me a quite complex fix. Does he really want to do so? What will happen with the investors? big unknown. Continue reading →

Not good news, Bruce Berkowitz’s Fairholme Fund continues to trim GSEs preferred stocks Continue reading →