Good News out of FNMA! Bill that is planning to kill/ break up FANNIE MAE IS ALREADY STRUGGLING! For more click here
Back when news came out that the government was planning to break up the mortgage giant, we immediately came out on the behalf of FNMA. On 3/11/14 Our hedge fund manager Rudy Cortes stated “Back on Fannie Mae had a nice dip today, great for an entry. Our hedge fund manager Rudy Cortes said, “Today’s drop was due to an announcement on a deal to phase out Fannie Mae and Freddie Mac. How ironic. This is just like all the draft bills introduced. It has to pass both houses and be signed into law. I am 98% sure this bill will NOT pass. why? Because this is America. If the government wants to take over the housing industry, do you know what will happen? Well, I wont get into that and tell you what will happen. Just look at the government taking over healthcare. Our society will be a mess if government takes over. You can not wind down a PRIVATE company who are extremely profitable. Its all BS and manipulation to cause investors likes us to sell and give the big people very cheap shares. I have seen this before last year when i was caught in the sharp fall all the way down to .50 cents. Guess what? I didn’t fall for the negativity in the media. I loaded up thousands of shares in the 50 – 80 cents range and I do not regret it at all. The government will realize at some point that we need Fannie and Freddie. For this reason, I am still loading and buying as many shares as I can for a nice 2years + hold.”
FNMA is currently sitting at 4.14 as of now.