What Is a Fannie Mae HomePath Property?
Company & Industry Overviews
Will Fannie Mae Go Private?
Why Bill Ackman’s Fund Bucked August’s Downtrend
Bill Ackman’s Pershing Square Holdings netted gains of 3.5% in August, in sharp contrast to the losses posted by the major stock benchmarks in the month.
Why Eric Rosengren Is Worried about US Unemployment Rate
Eric Rosengren, president of the Federal Reserve Bank of Boston, warned about the jobless rate being below the natural full employment estimate of 4.7%.
An Overview of CRSAX’s Investment Methodology
CRSAX presently trades at $4.47 with an average dividend yield of 3.9%, and could benefit Investors seeking to diversify their portfolios.
A Must-Read Structural Analysis of Alternative Mutual Fund CRSAX
Alternative mutual funds such as the Credit Suisse Commodity Return Strategy Fund (CRSAX) use commodity strategy to achieve their investment objectives.
An Update on Fairholme’s Positions in Fannie Mae and Freddie Mac
Berkowitz believes that Fannie Mae and Freddie Mac entities are highly valuable and expects them to generate earnings of at least~$21 billion a year.
Bank of America’s residential loan portfolio: The decline continues
The residential mortgage market is expected to show recovery in the coming years, primarily fueled by more relaxed lending standards.
Event-driven strategies have proved expensive
The event-driven strategy entails making use of leverage to invest in debt securities of distressed firms or companies going through a spinoff.
Leucadia National gets lower position in Fairholme Capital
Fairholme Capital Management lowered its position in Leucadia National (LUK) by ~633,000 shares. Leucadia now accounts for 4.6% of the fund’s size.
Chesapeake Energy is Fairholme Capital’s new position
Fairholme purchased ~537,000 shares of Chesapeake Energy Corporation (CHK) for $12.3 million in 3Q14. It now accounts for 0.16% of the portfolio.
Fairholme Capital’s 3Q14 portfolio highlights
Fairholme’s portfolio decreased by a whopping $2.1 billion over the last quarter, mainly due to disclosure limits for holdings in Fannie Mae (FNMA) and Freddie Mac (FMCC).
Pershing Square adds to positions in Freddie Mac and Fannie Mae
Pershing Square Management added more shares in mortgage financiers Freddie Mac (FMCC) and Fannie Mae (FNMA) during the drop in stock prices in October.
Pershing Square takes on Zoetis, adds to Canadian Pacific in 3Q14
Activist hedge fund manager William Ackman’s Pershing Square Capital Holdings filed its third quarter 13F last month. The fund’s year-to-date returns as of October 31, 2014, net of fees, was 35.0%.
The week ahead: Jobs plus Annaly and other mortgage REIT earnings
We have a big week ahead, with a slew of important economic data and earnings from the mortgage REIT sector. The biggest REIT will be Annaly Capital reporting on Wednesday.
Paulson’s bet turns sour as AbbVie reconsiders its Shire bid
News reports in August noted that Renaissance Technologies LLC, Jana Partners, David Einhorn’s Greenlight Capital, Dan Loeb’s Third Point LLC, and Paulson & Co. posted losses in July.
Why are we seeing broad-based house price gains across the US?
The Federal Housing Finance Agency Housing Price Index for March was released on Tuesday, May 27. This release also included quarterly data comparisons for Q1 2014.
Mel Watt weighs in on housing reform that could affect REITs
By far, the biggest and costliest blow-ups in the financial crisis were the government-sponsored enterprises Fannie Mae (FNMA) and Freddie Mac (FMCC).
Why will erratic construction spending influence interest rates?
The long-term trend shows that construction is on a clear uptrend, so recovery is indeed happening. Plus, the increase in residential construction shows that the housing sector is truly strengthening.
Why investors can benefit from floating rate notes, or FRNs
FRNs represent an effective way for investors to benefit from the anticipated rising interest rate environment and also provide a safer place to park cash.