Tag: Richard Bove

Freddie Mac Decides To Cut Funding To Treasury

Freddie Mac Decides To Cut Funding To Treasury

Freddie Mac Decides To Cut Funding To Treasury by Glen Bradford author of My first or second: I’m about who you’re about. On September 6, 2008, the director of the Federal Housing Finance Agency (FHFA), James B. Lockhart III, announced his […]

By User:AgnosticPreachersKid (Own work) [CC BY-SA 3.0], via Wikimedia Commons

Dick Bove Gets Backup On Fannie Mae And Freddie Mac

If you’ve been following Rafferty Capital Markets VP Richard Bove’s commentary on Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC), you know that he considers the GSEs to […]

Too MUCH Liquidity Forcing Banks Into Wealth Management?

Too MUCH Liquidity Forcing Banks Into Wealth Management?

A new report from Rafferty Capital Management suggests that the excess liquidity in the financial system together with the current regulatory environment means that wealth management services are only way banks can make real profits today. In an investment report […]

Fannie Mae Fall Offers Buying Opportunity – Bove

Fannie Mae Fall Offers Buying Opportunity – Bove

After the Crapo-Johnson bill passed in the  Senate Committee by a 13 to 9 vote, investors reacted negatively, sending shares of Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC)  down, as common shareholders […]