Who Controls Our Major Mortgage Corporations Now?
Obviously, the large mortgage holders are, and have been, in the news.
This update reflects recent news such as this article,
describing "Fannie, Freddie Shares Soar After Restraints Loosened" versus previous articles such as
article
on Bloomberg "Freddie, Fannie Shares Will Continue to Slide, Jim Rogers Says."
After reviewing the significant changes in Major Holders, especially with Capital Group loading the boats
with Fannie Mae stock, and adding to its holdings of Countrywide and Freddie Mac. At the same time,
it looks like Barclays and Associates have been unloading their boats.
The most significant change has been Capital Group's
sharp rise in ownership in the last six months, and interesting reductions in Barclays/Associates.
| Capital | Group | Barclays | Associates |
|---|
| Company | 12/31/07 | 06/30/07 | 12/31/07 | 06/30/07 |
|---|
| Countrywide | 35.61% | 0.00% | 24.42% | 32.90% |
| Freddie Mac | 32.00% | 12.25% | 14.76% | 15.10% |
| Fannie Mae | 73.14% | 18.42% | 10.52% | 27.89% |
Looking deeper, the Major Holders who control those mortgage companies have certainly
got their hands full. Countrywide,
Freddie Mac and Fannie Mae are the three largest
players in the mortgage game and you'll find the TOP 10 holders of each company below.
For the sake of many of our country's retiring boomers, I sure hope Capital Group has made the right choices.
So far, so good.
There are also two rating agencies that oversee this marketplace, Standard and Poors
and Moody's. They
were detailed in a previous commentary, CIT/FreddieMac - All In The Family.
Perhaps this is why Capital Group didn't load up as much on Freddie Mac.
As mentioned last year here,
very little has changed since 1889 when the Great Red Dragon book was published,
except that a greater amount of power has been concentrated into fewer hands. With Capital Group
controlling over $1.4 TRILLION of investments, and that they've become significant holders in our largest mortgage
companies, shouldn't we know more about who's calling the shots? One thing I'd like to know is this: Is Capital Group's
high-ranking executive, David C. Barclay, related in any way to Barclays Bank??? Google it yourself. Also google
Abner Goldstine. Here's one summary.
One last thing: Did you know about the
Federal Home Loan Banks? Perhaps it's just being naive, but it sure reads to me like another
version of the Federal Reserve Banks. Simply trying to cover the bases here, as its shares are NOT
publicly traded and it is a members-only club.
In my opinion, there's just too much secrecy in both business and government,
which makes it very easy for people to lie, steal and murder.
Perhaps that's why: Sometimes The Dragon Wins
| Symbol |
Name Of Corporation |
CFC
Major
Holders |
Countrywide Financial Corp. (As of 31-Dec-2007) (As of 30-Jun-2007)
| Top 10 Institutional Holders | Shares | 2007 | Value | 2006 |
Brandes Investment Partners L.P. | 55,325,167 | 9.56% | $494,606,992 | -.--% |
Legg Mason Capital Management, Inc. | 54,636,544 | 9.44% | $488,450,703 | -.--% |
Capital Research And Management Company | 47,659,000 | 8.24% | $905,997,590 | -.--% |
Capital World Investors | 31,259,000 | 5.40% | $279,455,460 | -.--% |
FMR LLC (Fidelity) | 30,992,478 | 5.36% | $277,072,753 | -.--% |
Goldman Sachs Group Inc | 28,095,122 | 4.85% | $251,170,390 | -.--% |
Capital Research Global Investors | 25,450,000 | 4.40% | $227,523,000 | -.--% |
Wellington Management Company, LLP | 23,883,186 | 4.13% | $213,515,682 | -.--% |
Barclays Global Investors UK Holdings Ltd | 22,376,812 | 3.87% | $200,048,699 | -.--% |
Pzena Investment Management, LLC | 22,128,424 | 3.82% | $197,828,110 | -.--% |
% of Shares Held by All Insider and 5% Owners: | | 6% | | -.--% |
Top 10 [2.6%] of 383 Institutional Holders Control | | 59.07% | | -.--% |
Percentage of Barclays and "Associates" Control | | 18.16% | | -.--% |
|
|
NOTE: Capital Group manages three funds that control 7.21%.
Legg-Mason manages a fund that controls 3.53%.
Washington Mutual manages a fund that controls 2.73%.
Fidelity manages a fund that controls 1.38%.
Therefore, the TOP 10 Major Holders control 73.92%, and
Barclays/Associates control 24.42% of Countrywide.
Capital Group now controls 35.61%.
| Symbol |
Name Of Corporation |
FRE
Major
Holders |
Freddie Mac (As of 31-Dec-2007) (As of 30-Jun-2007)
| Top 10 Institutional Holders | Shares | 2007 | Value | 2006 |
Capital Research Global Investors | 60,678,100 | 8.82% | $2,067,302,867 | -.--% |
Capital World Investors | 42,545,600 | 6.18% | $1,449,528,592 | -.--% |
AXA (Paris, France) | 36,630,015 | 5.32% | $1,247,984,611 | -.--% |
Pzena Investment Management, LLC | 29,661,962 | 4.31% | $1,010,583,045 | -.--% |
Barclays Global Investors UK Holdings Ltd | 27,283,692 | 3.97% | $929,555,386 | -.--% |
UBS Global Asset Management (Americas) Inc | 22,649,797 | 3.29% | $771,678,583 | -.--% |
Morgan Stanley | 21,698,473 | 3.15% | $739,266,975 | -.--% |
Hotchkis & Wiley Capital Management, LLC | 21,245,650 | 3.09% | $723,839,295 | -.--% |
State Street Corporation | 21,042,309 | 3.06% | $716,911,467 | -.--% |
Goldman Sachs Group Inc | 20,192,696 | 2.93% | $687,965,152 | -.--% |
% of Shares Held by All Insider and 5% Owners: | | 0% | | -.--% |
Top 10 [2.0%] of 489 Institutional Holders Control | | 44.12% | | -.--% |
Percentage of Barclays and "Associates" Control | | 13.11% | | -.--% |
|
|
NOTE: Capital Group manages four funds that control 17.00%.
Washington Mutual manages a fund that controls 1.65%.
Vanguard manages a fund that controls 0.91%.
Therefore, the TOP 10 Major Holders control 63.68%, and
Barclays/Associates control 14.76% of Freddie Mac.
Capital Group now controls 32.00%.
| Symbol |
Name Of Corporation |
FNM
Major
Holders |
Fannie Mae (As of 31-Dec-2007) (As of 30-Jun-2007)
| Top 10 Institutional Holders | Shares | 2007 | Value | 2006 |
Capital Research And Management Company | 208,804,896 | 21.35% | $12,697,425,725 | -.--% |
Capital Research Global Investors | 115,585,266 | 11.82% | $4,621,098,934 | -.--% |
Capital World Investors | 108,644,200 | 11.11% | $4,343,595,116 | -.--% |
AXA (Paris, France) | 41,085,324 | 4.20% | $1,642,591,253 | -.--% |
Barclays Global Investors UK Holdings Ltd | 38,982,495 | 3.99% | $1,558,520,150 | -.--% |
FMR LLC (Fidelity) | 34,875,486 | 3.57% | $1,394,321,930 | -.--% |
State Street Corporation | 30,604,604 | 3.13% | $1,223,572,067 | -.--% |
Vanguard Group, Inc. (The) | 29,380,820 | 3.00% | $1,174,645,183 | -.--% |
Lord Abbett & Co | 28,150,247 | 2.88% | $1,125,446,875 | -.--% |
HSBC Holdings PLC | 23,281,575 | 2.38% | $930,797,368 | -.--% |
% of Shares Held by All Insider and 5% Owners: | | 0% | | -.--% |
Top 10 [1.6%] of 603 Institutional Holders Control | | 67.43% | | -.--% |
Percentage of Barclays and "Associates" Control | | 7.12% | | -.--% |
|
|
NOTE: Capital Group manages nine funds that control 28.86%.
Washington Mutual manages a fund that controls 3.40%.
Therefore, the TOP 10 Major Holders control 99.69%, and
Barclays/Associates control 10.52% of Fannie Mae.
Capital Group now controls 73.14%.
© 2008 by Edward Ulysses Cate
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