There's a new mortgage crisis brewing — only this one is completely different than the one in 2008, says bank analyst Dick Bove.» Read More
Oct 1- Shares of mortgage finance companies Fannie Mae and Freddie Mac slumped on Wednesday, after a judge threw out a lawsuit brought by investors in the companies to stop the government from making the companies pay a quarterly dividend to the U.S.
Getting a mortgage in the U.S. may be easier than many borrowers think, according to a survey released Monday by Wells Fargo.
NEW YORK, Sept 15- Getting a mortgage in the United States may be easier than many borrowers think, according to a survey released Monday by Wells Fargo& Co, the largest U.S. mortgage lender. Even if mortgage credit is hard to come by, there is demand for homes: more than two out of three respondents in Wells Fargo's survey said it was a good time to buy.
NEW YORK, Sept 12- HSBC Holdings Plc is expected to pay $550 million to resolve a U.S. regulator's claims the bank made false representations in selling mortgage bonds to Fannie Mae and Freddie Mac before the financial crisis, a person familiar with the matter said Friday.
The FHFA filed 18 lawsuits against Goldman and other banks in 2011 over about $200 billion in mortgage-backed securities that later went sour.
In some ways, David Brat is Larry Kudlow's kinda guy. But, not in all ways. Here's Larry's take on the guy who upset Eric Cantor in the GOP primary.
There is something seriously wrong with bank regulation and litigation in the US today, says bank analyst Dick Bove.
Take a look at some of Tuesday's midday movers:
The Massachusetts attorney general has sued Fannie Mae and Freddie Mac over alleged refusal to engage in foreclosure buyback programs.
A fully private mortgage-finance system is the best way to fairly price mortgage-credit risks, says NYU Stern professor Lawrence White.
The vote had been delayed in order to build support for the plan that would wind down taxpayer-owned mortgage financiers Fannie Mae and Freddie Mac.
Regulations on big banks have created a vacuum into which alert entrepreneurs have established commanding positions, says bank analyst Dick Bove.
The current housing finance system is likely to be with us until after the 2014 midterm elections and probably well beyond.
Hedge funds and other groups are spreading bad information about the reform of Fannie and Freddie, says the Mortgage Bankers Association president.
Dick Bove says there are a few issues that should be addressed before we jump on Michael Lewis’s bandwagon and call the market “rigged.”
Take a look at some of Friday's midday movers:
Take a look at some of Monday's midday movers:
Activist investor Bill Ackman is boosting his stake in both Fannie Mae and Freddie Mac to more than 11 percent in each.
If Fannie and Freddie are allowed to die, it will crush home prices — and hurt the economy, says bank analyst Dick Bove.
Some of Wednesday's midday movers: