Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
Connecting what TRUMP and PULTE said, the purchases would be by Fannie Mae and Freddie Mac buying back some of their outstanding bonds.
Pulte is the Director of FHFA who overseas Fannie Mae and Freddie Mac. In his spare time, he also looks through individual mortgage documents to find any discrepancies in the mortgages that had been processed and approved by the lenders years ago (banks, mortgage brokers) - did you keep copies of your mortgage closing papers?
Treasury and agencies have bought bonds back although they are net issuers of bonds.
Corporations also buy back their bonds at discount. But there are several issues: (i) if the bonds are trading at discount, there are investor concerns about the company and it may not have liquidity on hand to buyback bonds, (ii) the bankruptcy judge has to approve bond buyback for companies under bankruptcy, (iii) the difference between par and discounted price is treated as taxable income (seems not applicable for government agencies).
One can also think of callable bonds as bond buybacks by companies and that may be at par or at some premium.
In his spare time, he also looks through individual mortgage documents to find any discrepancies in the mortgages that had been processed and approved by the lenders years ago
In his spare time, he also looks through individual mortgage documents to find any discrepancies in the mortgages that had been processed and approved by the lenders years ago
Comments
Pulte is the Director of FHFA who overseas Fannie Mae and Freddie Mac. In his spare time, he also looks through individual mortgage documents to find any discrepancies in the mortgages that had been processed and approved by the lenders years ago (banks, mortgage brokers) - did you keep copies of your mortgage closing papers?
Treasury and agencies have bought bonds back although they are net issuers of bonds.
Corporations also buy back their bonds at discount. But there are several issues: (i) if the bonds are trading at discount, there are investor concerns about the company and it may not have liquidity on hand to buyback bonds, (ii) the bankruptcy judge has to approve bond buyback for companies under bankruptcy, (iii) the difference between par and discounted price is treated as taxable income (seems not applicable for government agencies).
One can also think of callable bonds as bond buybacks by companies and that may be at par or at some premium.
Bondi, Rubio, Pulte, Hegseth, Patel