[Southack]

Oh no! FNM only gave investors a bit more than a 6.5% real return for 2002 ($4.53 per share in profits not counting $1.32 in dividends on a stock that costs $69.10 to own).

Clearly the sky is falling, the sky is falling!

Quick everbody, run sell your real estate, it's just gotta CRASH!!!!!

< /Hard Time >

[imawit]

I dare say, it's not RE that will crash but the black curtain ops for feeding dollars into the mtg industry.

[AdamSelene235]

Oh no! FNM only gave investors a bit more than a 6.5% real return for 2002 ($4.53 per share in profits not counting $1.32 in dividends on a stock that costs $69.10 to own).

And how much of shareholder equity did they loot to close the duration gap the first time? We're not allowed to see the books so we don't know. The WSJ estimated 50% of shareholder equity was extracted in the past year.