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Dick Bove: Mortgage lending won’t exist without Fannie, Freddie

In order to understand the current market turmoil it is important to look at the history behind the two largest government sponsored entities (GSEs), the Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage Corporation (Freddie Mac). Fannie Mae was founded as a government agency, part of FDR’s New Deal in 1938.

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Without mentioning him by. process through which to identify bad loans and eventually sell them,” McCain said. The Arizona senator attempted to tie Obama to the mortgage loan giants Fannie Mae and.

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Bloomberg News: "Newt Gingrich made between $1.6 million and $1.8 million in consulting fees from two contracts with mortgage company Freddie Mac, according to two people familiar with the arrangement.

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Lending Dick Bove: Likelihood of settlement over Fannie, Freddie sweep growing. Dick Bove: Mortgage lending won’t exist without Fannie, Freddie. Bove: Is a Fannie and Freddie settlement near.

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A major critic of Fannie Mae and Freddie Mac could soon be in charge of regulating those same housin Bove notes that banks need Fannie and Freddie so they can offload long term loans they sell. Misplaced blame on Fannie, Freddie for 2008 collapse. Bove thinks misplaced blame for the 2008 financial crisis on the mortgage finance companies has left "the president and Congress intent on killing these companies – and the media and public do.

Fannie Mae and Freddie Mac preferred shares: "a solid investment" In a recent note, reputed bank analyst Dick Bove outlined a number of reasons both GSEs are necessary. The first is the economic necessity of Fannie and Freddie due to Americans’ dependence on 30-year fixed-rate mortgages for home purchases.

Hilco Real Estate Finance sold, rebrands as Jordan Capital Finance Fannie and Freddie give green light to resume sales of foreclosures "On foreclosure" is a bit vague, so let me separate it out: 1. Purchased from the owner during foreclosure, typically as a short sale.

The AP has an interesting story about how mortgage giants Freddie Mac and Fannie Mae worked to rebuff attempts to reduce the gambles they were taking with taxpayer-backed funds: Freddie Mac secretly.

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