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Home > Analysis and Commentary, Finance, Manufactured Home Communities, Manufactured Housing Industry, News, Stocks > Fannie Mae, Freddie Mac Conservatorship Draws Secretary Carson’s Broadside, Plus MH Stock Updates

Fannie Mae, Freddie Mac Conservatorship Draws Secretary Carson’s Broadside, Plus MH Stock Updates

March 28th, 2019

CNNmone3.28.2019ManufacturedHomeStocksMarketsReportsMHProNewsHUD Secretary Ben Carson sounded of on important topics today, including Fannie Mae and Freddie Mac.  On a day when manufactured home tracked stocks saw more gainers than losers, the Russell, Dow, NASDAQ, and S&P all rose, we’ll take a peek at what the good doctor had to say about the Government Sponsored Enterprises (GSEs) and related.

 

If you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – our headline report is found further belowafter the newsmaker bullets and major indexes closing tickers.

 

The evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.  Headlines – at home and abroad – often move the markets.  So, this is an example of “News through the lens of manufactured homes, and factory-built housing.” ©

Part of this unique evening feature provides headlines – from both sides of the left-right media divide – which saves busy readers time, while underscoring topics that may be moving investors, which in turn move the markets.

Readers say this is also a useful quick-review tool that saves researchers time in getting a handle of the manufactured housing industry, through the lens of publicly-traded stocks connected with the manufactured home industry.

This is an exclusive evening or nightly example of MH “Industry News, Tips and Views, Pros Can Use.” © It is fascinating to see just how similar, and different, these two lists of headlines can be.

Want to know more about the left-right media divide from third party research?  ICYMI – for those not familiar with the “Full Measure,” ‘left-center-right’ media chart, please click here.

CNNFoxNewsLeftRightMediaBiasDailyBusinessNewsMHproNEwsSharylAttkisson

MHProNews looks at issues from a wide variety of perspectives.

Select bullets from CNN Money…

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  • A history of Lyft, from fuzzy pink mustaches to global ride share giant
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  • US charges Facebook with housing discrimination in ads
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Select Bullets from Fox Business

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Today’s markets and stocks, at the closing bell…

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Today’s Big Movers

For all the scores and highlights on tracked manufactured home connected stocks today, see thBloomberg graphic, posted below.

Today’s MH Market Spotlight Report –

 

FannieMaeFreddieMacConservativeDrawsSecretaryBenCarsonsBroadsidePlusMHStockUpdates

 

Freddie and Fannie have been in conservatorship for going on 12 years now – that’s ridiculous,” Housing and Urban Development (HUD) Secretary Ben Carson told Fox Business’ Maria Bartiromo.  “It puts the taxpayers at additional risks.”

 

 

Following a memo by President Donald J. Trump, Carson said HUD, the White House, and Treasury Department, would work to preserve the American dream” while protecting taxpayers.

We need to learn from the things that have happened before,” Carson said. “We need to understand, for instance, that putting people into a house that they can’t afford is not doing them a favor; they lose the house; they lose the credit and they lose their future options. We have to find better solutions for that. And wise people learn from mistakes.”

The report notes that housing has been a weaker spot in the U.S. economy.  As usual, that’s the kind of comment that perks up the eyes and ears of the Daily Business News on MHProNews.  The industry is badly underperforming.  A gathering of industry professionals following the Tunica Show agreed on that point, and others.  More on that meeting of industry minds in the days ahead.

 

Bloomberg Closing Ticker for MHProNews…

NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.

NOTE: The chart below covers a number of stocks NOT reflected in the Yahoo MHCV, shown above.

NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).

3.28.2019DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloomberg-MHProNews

Berkshire Hathaway is the parent company to Clayton Homes21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.

LCI Industries, Patrick, UFPI and LP all supply manufactured housing.

AMG, CG and TAVFX have investments in manufactured housing related businesses.

Your link to industry praise for our coverage, is found here.

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Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.


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