The first sign of what would ultimately become a $ 3 billion fraud surfaced Jan. 11, 2000, when Fannie Mae executive Samuel Smith discovered Taylor, Bean & Whitaker Mortgage Corp. sold him a loan owned by someone else.
BusinessWeek.com — Finance
Daniel Mudd, the former head of Fannie Mae, became the latest target in a probe by U.S. regulators of whether financial institutions were honest with investors about their exposure to subprime loans.
BusinessWeek.com — Finance
Fannie Mae
{image}
Fannie Mae
Free Online Articles Directory
ABAnswers
0 && $ .browser.msie ) {
var ie_version = parseInt($ .browser.version);
if(ie_version
via
Hello
Password
Lost ?
Home Page > Finance > Day Trading > Fannie Mae
Fannie Mae
Edit Article |
Posted: Jul 11, 2008 |Comments: 0
|
Daily Market Commentary for July 11, 2008 from Millennium-Traders.Com
Fannie Mae (NYSE: FNM) was created by Congress in 1938 to promote home buying to Americans; Freddie Mac (NYSE: FRE) was created in 1970 to expand the secondary market for mortgages. Combined, the two own or guarantee approximately trillion of mortgages which makes up nearly 50% of all outstanding mortgages in the U.S. (read more)
http://www.millennium-traders.com/news/newscommentary.aspx
At the closing bell on the Stock Exchange, here is how the major world indices and major U.S. indices ended the session on the world market as well as the emerging markets including the stock market closing price:
DOW (Dow Jones Industrial Average) triple digit loss of 128.48 points on the day to end the trading session at 11,100.54
NYSE (New York Stock Exchange) loss of 88.70 points to end the trading session at 8,347.24
NASDAQ loss of 18.77 points to end the trading session at 2,239.08
S&P 500 loss of 13.90 points to end the trading session at 1,239.49
FTSE All-World ex-U.S. loss of 1.93 points to end the trading session at 222.47
FTSE RAFI 1000 loss of 58.68 points to end the trading session at 4,774.60
BEL 20 (BEL20) loss of 62.95 points to end the trading session at 2,959.35
CAC 40 (CAC40) triple digit loss of 130.92 points to end the trading session at 4,100.64
FTSE100 (UKX100) triple digit loss of 145.2 points to end the trading session at 5,261.6
NIKKEI 225 (NIK/O) loss of 27.52 points to end the trading session at 13,039.69
Market trends on the New York Stock Exchange (NYSE) today: advanced stocks 1,024; declined stocks 2,209; unchanged stocks 67; stocks hitting new highs 18; stocks hitting new lows 821. List of volatile stocks as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the New York Stock Exchange stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: Devon Energy Corporation (DVN) gained 0.83 points on the trading session, high on the trading session 3.18, low on the trading session 8.43 for a closing stock price at 0.34; Fannie Mae (FNM) shed 2.95 points on the trading session, high on the trading session .89 low on the trading session .68 for a closing stock price at .25; Precision Castparts Corporation (PCP) shed 4.32 points on the trading session, high on the trading session .24, low on the trading session .25 for a closing stock price at .26; Freddie Mac (FRE) shed 0.25 points on the trading session, high on the trading session .63, low on the trading session .89 for a closing stock price at .75; Patriot Coal Corporation (PCX) gained 6.34 points on the trading session, high on the trading session 8.97, low on the trading session 6.00 for a closing stock price at 6.71; Ashland Incorporated (ASH) shed 6.31 points on the trading session, high on the trading session .44, low on the trading session .34 for a closing stock price at .10; Rockwell Collins Incorporated (COL) shed 4.30 points on the trading session, high on the trading session .65, low on the trading session .73 for a closing stock price at .16; Petroleo Brasileiro SA (PBR) shed 0.03 points on the trading session, high on the trading session .20, low on the trading session .91 for a closing stock price at .71; Continental Resources Incorporated (CLR) gained 1.37 points on the trading session, high on the trading session .81, low on the trading session .67 for a closing stock price at .02; Mosaic Company (MOS) gained 1.72 points on the trading session, high on the trading session 2.92, low on the trading session 6.77 for a closing stock price at 1.81; CME Group Incorporated (NYSE: CME) shed 3.20 points on the trading session, high on the trading session 0.00, low on the trading session 2.61 for a closing stock price at 6.50; Walter Industries Incorporated (NYSE: WLT) gained 2.18 points on the trading session, high on the trading session .71, low on the trading session .01 for a closing stock price at .73; IntercontinentalExchange Incorporated (ICE) gained 3.10 points on the trading session, high on the trading session $ *90.61, low on the trading session .20 for a closing stock price at .40.
Market trends on the NASDAQ today: advanced stocks 1,368; declined stocks 1,495; unchanged stocks 151; stocks hitting new highs 16; stocks hitting new lows 396. List of volatile stocks as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the NASDAQ stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: Google Incorporated (GOOG) shed 6.77 points on the trading session, high on the trading session 9.50, low on the trading session 9.43 for a closing stock price at 3.50; Deckers Outdoor Corporation (DECK) shed 10.45 points on the trading session, high on the trading session 6.78, low on the trading session 9.06 for a closing stock price at 2.85; Baidu.com Incorporated (BIDU) shed 24.23 points on the trading session, high on the trading session 3.99, low on the trading session 3.29 for a closing stock price at 5.08; Penn National Gaming (PENN) shed 2.59 points on the trading session, high on the trading session .81, low on the trading session .30 for a closing stock price at .47; WestAmerica Bancorp (WABC) shed 3.16 points on the trading session, high on the trading session .74, low on the trading session .50 for a closing stock price at .84.
Market trends on the American Stock Exchange (AMEX) today: advanced stocks 421; declined stocks 771; unchanged stocks 87; stocks hitting new highs 29; stocks hitting new lows 182.
Chicago Board of Trade Futures Market activity for the day, September 2008 Contracts, at time of this posting:
E-mini S&P 500 (ES) end of day price 1239.75, change 0.00
E-mini NASDAQ-100 (NQ) end of day price 1819.00, change -1.50
E-mini S&P SmallCap 600 (SMP) end of day price 354.20, change 0.10
DJIA (YM) end of day price 11,090, change -6
World Currencies at time of this posting:
Euro 0.6288 to U.S. Dollars 1.5903
Japanese Yen 106.08 to U.S. Dollars 0.0094
British Pound 0.5023 to U.S. Dollars 1.9909
Canadian Dollar 1.0094 to U.S. Dollars 0.9907
Swiss Franc 1.0174 to U.S. Dollars 0.9829
Commodities Markets:
Energy Sector: Light Crude (NYM) gained .43 on the day for a closing price of the range of 5.08 a gallon ($ US per bbl.); Heating Oil (NYM) gained .04 on the day for a closing price of .08 a gallon ($ US per gal.); Natural Gas (NYM) shed .39 on the day for a closing price of .99 per million BTU ($ US per mmbtu.); Unleaded Gas (NYM) gained .05 on the day for a closing price of .56 a gallon ($ US per gal.).
Metals Markets: Gold Market Price (CMX) gained .60 on the day for a closing price of 0.60 ($ US per Troy oz.); Silver (CMX) gained .50 on the day for a closing price of .82 ($ US per Troy oz.); Platinum (NYM) gained .80 on the day for a closing price of ,047.20 ($ US per Troy oz.) and Copper (CMX) gained .02 on the day for a closing price of .74 ($ US per lb.).
Livestock and Meat Markets (cents per lb.): Lean Hogs (CME) shed 0.38 on the day for a closing price of 71.25; Pork Bellies (CME) shed 0.40 on the day for a closing price of 66.38; Live Cattle (CME) shed 0.85 on the day for a closing price of 101.20; Feeder Cattle (CME) shed 0.93 on the day for a closing price of 111.73.
Other Commodities (cents per bu.): Corn (CBT) gained 5.00 on the day for a closing price of 709.25 and Soybeans (CBT) gained 9.0 on the day for a closing price of 1,596.00.
Bond action for the day: 2 year bond shed 5/32 on the day for a closing price of 100 23/32 with a Yield of 2.60, Yield Change +0.20; 5 year bond shed 13/32 on the day for a closing price of 100 30/32 with a Yield of 3.28, Yield Change +0.21; 10 year bond shed 18/32 on the day for a closing price of 100 1/32 with a Yield of 3.95, Yield Change +0.15; the 30 year bond shed 28/32 on the day for a closing price of 98 15/32 with a Yield of 4.52, Yield Change +0.11.
University of Michigan Mid-July Sentiment came in at 56.6 compared to reading in June at 56.4; University of Michigan Mid-July Current Index came in at 69.5 compared to reading in June at 67.6; University of Michigan Mid-July Expectations came in at 48.3 compared to reading in June at 49.2; University of Michigan 12-Month Inflation Forecast increased by 5.3% compared to reading in June of an increase by 5.1%; University of Michigan 5-Year Inflation Forecast increased by 3.4% compared to reading in June of an increase by 3.4%.
U.S. June Import Prices rose 2.6% compared to consensus was an increase by 2.0%; U.S. June Non-Petroleum Import Prices rose 0.9%; U.S. June Petroleum Import Prices rose 7.4%; U.S. Import Prices rose 20.5% on the year setting a record high; U.S. Import Prices from China up a record 4.8% on the year; U.S. May Trade Deficit came in at .79 Billion compared to consensus Deficit at .70 Billion; April Trade Balance revised to Deficit of .50 Billion from Deficit of .90 Billion; May Exports came in at 7.55 Billion at an increase by 0.9%; May Imports came in at 7.34 Billion at an increase by 0.3%.
At the close of the week, performance results for our Moderators:
Stocks Trading Room:
Jeannie ,433
Barry ,708
Marty ,317
Sam ,727
Futures Trading Room:
JT ,302.50
Forex Trading Room:
JT ,450
Daily Swing Trades:
Barry ,810
Weekly Swing Trades:
Jeannie ,100
Monitor scheduled economic data every market morning by viewing the Daily Market Report from Millennium-Traders, free access to visitors on our website.
Subscribe to our free Weekly MarketNews for a review of the past weeks trading action plus, view upcoming economic data for the week ahead.
Review archives of the News & Commentary plus, our FREE Monthly Trading Lesson posted on our website.
Thanks for reading
Millennium-Traders.Com
http://www.millennium-traders.com
Retrieved from “http://www.articlesbase.com/day-trading-articles/fannie-mae-480987.html”
(ArticlesBase SC #480987)
Watch your traffic increase just by submitting articles with us, click here to get started.
Liked this article? Click here to publish it on your website or blog, it’s free and easy!
MTnews -
About the Author:
Questions and Answers
Ask our experts your Day Trading related questions here…
Ask
200 Characters left
Who is fannie mae and freddie mac?
Why is it best to get in and out of the day trading markets quickly each day? Just looking for different opinions to settle a discussion. Thanks
What are the requirements day trading in usa
Rate this Article
1
2
3
4
5
0
Feedback
Re-Publish
Source: http://www.articlesbase.com/day-trading-articles/fannie-mae-480987.html
Article Tags:
day trading, stocks trading, futures trading, forex trading, swing trading
Related Videos
Related Articles
Latest Day Trading Articles
More from MTnews
Day Trading: Analyzing Risk vs. Reward
Gualberto Diaz, a professional trader, discusses how you should constantly be analyzing your risk vs. reward and how patience plays a key role in your trading success.
(02:38)
How to be a Day Trader – Stock Selection and Timing
Timing is everything. John O’Brien, a professional trader, shows you where to focus your efforts and when to move on to more lucrative opportunities.
(01:41)
Trading Is A Mental Game
A real trader gives insight on what it takes to become a successful trader in this video from Lightspeed Trading’s Trader Talk Series. (02:08)
Learn about Swing Trading
Today’s swing trading lesson from http://www.TheStockBandit.com discusses the importance of having an exit plan, even in strong stocks.
(06:13)
How Exchange Traded Funds Work Part II – Gaurav Bhola
Exchange Traded Funds or ETFs are an important Investment tool for a diversified portfolio, learn why (06:23)
Insights Into Trading for a Living – Swing Trading Secrets Revealed
Discover secrets of swing trading my mimicking great swing traders who trade awesome systems. Learn how to dramatically yank massive potential profits over and over on a continual basis from the stock market, the stock options market, the futures market, the Forex markets and even the emini’s markets (which is the futures market).Why swing trading success seems so secret to many is a mystery to me. Go take a look at charts. Study them carefully. Start counting…
By:
clark kenadal
Business>
Business Opportunitiesl
Aug 11, 2009
lViews: 205
Why Swing Trading Unlocks The Door To Trading Success
Discover why and how swing trading can make a difference to your trading almost overnight. Swing trading is used by professional bank traders around the world and now you can discover what they know.
By:
Creztor Tessell
Finance>
Currency Tradingl
Sep 30, 2009
Winners Swing Trade – Why Swing Trading Is The Answer
Swing trading has proven to be the best trading system available today. Bank traders around the world continue to pick swing trading over all other systems and for good reason. Discover what they know but you don’t before it is too late.
By:
Creztor Tessell
Finance>
Currency Tradingl
Sep 30, 2009
Swing Trading and How it Gives You a Real Trading Edge
There are many different ways you can trade a market, regardless if you prefer stocks over FOREX or options over futures. With so many different trading strategies and methods it makes it difficult to know which style is better than a another. Does anyone trading style have an advantage over…
By:
Creztor Tessell
Financel
Dec 20, 2009
The Dirty Swing Trading Secret – Find Out What Swing Trading Really Is
Swing trading continues to grow in popularity around the world and there is good reason. Discover what everyone but you knows about swing trading and why it is so powerful.
By:
Creztor Tessell
Finance>
Currency Tradingl
Sep 30, 2009
Why You Are Losing If You Aren’t Swing Trading
Just why would bank traders around the world pick swing trading as their number one choice of trading system? Discover what they know about swing trading and why you should be swing trading before it is too late.
By:
Creztor Tessell
Finance>
Currency Tradingl
Sep 30, 2009
Swing Trading – Why You Must Be A Swing Trader
Sick and tired of not being able to place winning trades? Discover why you really should be swing trading and just how it can help you improve your hit ratio.
By:
Creztor Tessell
Finance>
Currency Tradingl
Sep 30, 2009
The Truth About Swing Trading
Swing trading exposed to you. Discover why bank traders use this style and how it is possible to gain a true trading edge by using swing trading no matter the market you trade.
By:
Creztor Tessell
Finance>
Currency Tradingl
Sep 30, 2009
Debt Relief Services – There Are Easier Ways To Debt Relief Than Liquidation Of Assets
If you are burdened with huge debts and are thinking of liquidating your assets in order to repay the loans, you should pause and think again. It would be best to look for other debt relief options before you take this step. If you have fixed assets and a moderate debt, then the best way to reduce the burden of debt would be to opt for conversion of loans. Under this procedure all unsecured loans are converted to secured ones.
By:
meena jhal
Finance>
Day Tradingl
Mar 10, 2011
The SPX Dances Between Excitement & Danger
Many readers might remember that exactly two years ago the S&P 500 tagged the infamous 666 price level before putting on a monster 2 year rally that saw it surge over 100% to the February 2011 highs.
By:
Rob Traderl
Finance>
Day Tradingl
Mar 10, 2011
Macro Millionaire Coaching Program | Are the Equity Markets Headed For a Fall?
On this two year anniversary of the great bull market, one has to ask if it is about to die of old age. Take a look at the chart below showing investor sentiment. The last time it was this high was the end of 2007, not exactly a great time to load the boat with equities.
By:
Rob Traderl
Finance>
Day Tradingl
Mar 10, 2011
Binary Options Blueprint Can Be Examined Through Reading Binary Options Blueprint Review
Could be the Binary options Blueprint Program seriously an absolute sports betting program or perhaps is it really an additional scam? Web-sites this program has asserted that he’ll almost certainly simply be releasing a number of limited variety of copies to the public. Considering that I’d been very thinking about how this program works, I made the choice to buy it and check it out on its launch day to check out whether or not this definitely works.
By:
john wolfl
Finance>
Day Tradingl
Mar 10, 2011
Gold & Equities on the Verge of Breaking Out!
In short, I don’t think it is wise to jump the gun and take on any large positions until we see what happens on Friday overseas… If nothing happens which is kind of what I am thinking, we should see the extra fear value come back out of the price of gold, silver and oil (drop in price) and possibly help boost equity prices.
By:
Chris Vermeulenl
Finance>
Day Tradingl
Mar 09, 2011
Stock buybacks – part i
WHAT DO WE MEAN BY STOCK OR SHARE BUYBACKS? A stock buyback, also known as a “share repurchase”, is a company’s buying back its shares from the general public. We already know two most common ways in which company return value to the shareholders, and these are stock appreciation and dividends. The third one is stock buyback. http://tradingstockmarketforex.blogspot.com/2011/03/stock-buybacks-part-i.html
By:
Dusan Kovacevicl
Finance>
Day Tradingl
Mar 09, 2011
Pre-Market News And Views for March 9th 2011
This morning the S&P 500 e-mini futures(ES H1) are trading lower by just 1.00 point to 1319.00. Spot WTI oil is trading higher by 0.49 cents to 5.51 a barrel. Oil should still be front and center when it comes to market sentiment. Gasoline prices at the pump in the United States are now averaging .50 a gallon which will certainly hurt consumer spending. Traders and investors should remember that consumer spending accounts for roughly 70.0 percent of the gross domestic product in the …
By:
Nicholas Santiagol
Finance>
Day Tradingl
Mar 09, 2011
Trading With Moving Averages: Find What You Want To Know
Technical Analysis is all about pinpointing areas of support and resistance. Learn how you can use moving averages to improve your trading success.
By:
Mark Dearthl
Finance>
Day Tradingl
Mar 08, 2011
Tax Code
Daily Market Commentary for April 15, 2009 Written for day traders, active traders and investors. A review of the market activity for the day, economic data plus, world news from Millennium-Traders.Com
By:
MTnewsl
Finance>
Taxesl
Apr 15, 2009
Stock Market
Daily Market Commentary for April 9, 2009 Written for day traders, active traders and investors. A review of the market activity for the day, economic data plus, world news from Millennium-Traders.Com
By:
MTnewsl
Finance>
Investingl
Apr 09, 2009
Rules for Short Selling
Daily Market Commentary for April 8, 2009 Written for day traders, active traders and investors. A review of the market activity for the day, economic data plus, world news from Millennium-Traders.Com
By:
MTnewsl
Finance>
Day Tradingl
Apr 08, 2009
Consumer Credit
Daily Market Commentary for April 7, 2009 Written for day traders, active traders and investors. A review of the market activity for the day, economic data plus, world news from Millennium-Traders.Com
By:
MTnewsl
Finance>
Loansl
Apr 07, 2009
Trading Partner Integration
Traders are banding together in an effort to develop a trading partner integration in an effort to ward off the boredom of the slow market action. (read more at Millennium-Traders.Com)
By:
MTnewsl
Finance>
Day Tradingl
Apr 06, 2009
Daily Stock Market Action Zone
Daily Market Commentary for April 3, 2009 Written for day traders, active traders and investors. A review of the market activity for the day, economic data plus, world news from Millennium-Traders.Com
By:
MTnewsl
Finance>
Day Tradingl
Apr 03, 2009
April Fools Day
Daily Market Commentary for April 1, 2009 Written for day traders, active traders and investors. A review of the market activity for the day, economic data plus, world news from Millennium-Traders.Com
By:
MTnewsl
Finance>
Investingl
Apr 01, 2009
Online Trading
Daily Market Commentary for March 31, 2009 Written for day traders, active traders and investors. A review of the market activity for the day, economic data plus, world news from Millennium-Traders.Com
By:
MTnewsl
Finance>
Day Tradingl
Mar 31, 2009
Add new Comment
Your :
Your Articles Here
It’s Free and easy
Sign Up Today
My Home
View/Edit Q&A
Personal
My Home
View/Edit Q&A
Author Box
MTnews has 99 articles online
Contact Author
Subscribe to
Print article
Send to friend
Re-Publish article
Articles Categories
All Categories
Arts & Entertainment
Automotive
Beauty
Business
Careers
Computers
Education
Finance
Food and Beverage
Health
Hobbies
Home and Family
Home Improvement
Internet
Law
Marketing
News and Society
Relationships
Self Improvement
Shopping
Spirituality
Sports and Fitness
Technology
Travel
Writing
Finance
Accounting
Banking
Credit
Currency Trading
Day Trading
Debt Consolidation
Insurance
Investing
Loans
Mortgage
Personal Finance
Real Estate
Taxes
Wealth Building
Need Help?
Site Links
Mobile Version
Webmasters
Business Info
Use of this web site constitutes acceptance of the Terms Of Use and Privacy Policy | User published content is licensed under a Creative Commons License.
Copyright © 2005-2011 Free Articles by ArticlesBase.com, All rights reserved.
Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis. At a 2004 hearing see Democrat after Democrat covering up and attacking the regulations to protect Fannie Mae and Freddie Mac (their Cash Cows) that are now destroying our economy because the Democrats let them cheat.
Video Rating: 4 / 5
Bank of America Corp. said it will probably have to pay government-sponsored enterprises Fannie Mae and Freddie Mac an additional $ 230 million because of delays foreclosing on mortgages bought by the firms.
BusinessWeek.com — Finance
The Administration is counting on the private sector to fill the gap in home lending if it trims the roles of Fannie Mae and Freddie Mac
BusinessWeek.com — Finance
Analysis by Jim Rogers, Rogers Holdings Chairman; Analysis by Barton Biggs of Traxis Partners; Analysis by Robert Pozen, MFS Investment Management Chairman; Analysis by Laszlo Biriyni, Biriyni Associates President; Analysis by Howard Shapiro of Fox-Pitt K
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said government-sponsored mortgage companies Fannie Mae and Freddie Mac were “the biggest disasters of all time” and a leading cause of the U.S. financial crisis.
BusinessWeek.com — Finance
Feed
