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

[VIDEO] Freddie Mac CEO: Job is public service, pay cap is symbolic At $600,000, many qualified CEO candidates would consider the job a "public service," said Alan Johnson, a compensation expert who consulted with Fannie Mae on pay issues before the crisis.

Maxine Waters defends herself publicly on ethics charges – Maxine Waters (D-Calif.) held a press conference Friday on Capitol. and refused to take more than one question from any of the assembled reporters. "I won’t go behind closed doors, I won’t cut a.

Homeloanssanangelotx – Dick bove: mortgage lending won’t exist without Fannie, Freddie Bans were enacted state by state, and many blue laws still exist (in Arkansas. when several investment houses and the government-sponsored mortgage companies fannie Mae and freddie mac teetered on.

Buffett lets public down.again – Without it, many might have failed, wiping out Berkshire’s equity stake. It takes chutzpah to lobby for bailouts, make trades seeking to profit from them, and then complain that those doing so put you.

How Fannie met Freddie: The True Hollywood Story of Fannie. – 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.

How Liberals Distort Austrian Economics – It’s odd to say this without also pointing out that Austrians believe that. the central bank (which of course wouldn’t exist in a first-best world) should counteract a sudden and substantial.

FHFA Head Mel Watt Testifies Before The Senate On Fannie Mae. – Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) bull Dick Bove points out that Johnson is expected to retire soon, and regardless won’t be the committee chairman next year, so Democrats will have even less ability to set the agenda than they have in the last few.

PDF Q&A with Dick Bove – robertstoweengland.com – Mortgage Banking. November 2012 . By Robert Stowe England . Richard (Dick) X. Bove, senior vice president of equity research at rochdale securities llc, Lutz, Florida, is a prominent banking and brokerage analyst. A 1962 liberal arts graduate of Columbia University, New York, he began his Wall Street career in 1965.

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Dick Bove Points To Housing Collapse Without Fannie Mae. – 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.