Monday, January 20, 2014

DTA will be released either this quarter or next. 48.7 billion on books still for fnma

eckgar1  Nov 6, 2013 7:31 AM

DTA will be released either this quarter or next. 48.7 billion on books still for fnma

so at end of 2012 fannies DTA was 58.8 billion, we know they released 50.6 billion in first quarter of 2013. but they had on their books a remaining balance of 49.7 billion at end of quarter 1, 2013. In quarter 2 of 2013 they still had 48.7 billion in DTA they said they will use in the remaining quarters of 2013. thats Q3, this one, or Q4. Ive said this before and Ill say it again, Fannie has 48 billion of DTA it can still write down or Pay off.

AS of 3rd quarter today :
The balance of our net deferred tax assets was $48.3 billion as of September 30, 2013 compared with net deferred tax liabilities of $509 million as of December 31, 2012.

they still have 48.3 billion in DTA they could have used. they have chosen to not let them use it

directly from Q2 2013:

"The balance of our net deferred tax assets was $48.7 billion as of June 30, 2013 compared with net deferred tax liabilities of $509 million as of December 31, 2012."

I suspect both fannie and freddie will use their DTA this week, money would be paid in december. the govt is running on borrowed time till big show down again in January this would buy months for the politicians. time will tell if im right or wrong.

I agree the power that has it is the fhfa and I think they had to do the sweep in order to control the company payoff of the borrowed money instead of dividends paid to shareholders. the FHFA is not conserving the company but robbing it blind. hoping this ends soon




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