Dick Bove is talking to his TV, as he sends a research note targeted to CNBC’s Becky Quick. In the research note, Bove discusses Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) reforms, the impact of stimulus reduction on the housing market, drawing correlations between the Fed’s unwinding of stimulus and the surging real estate market. “Becky,” the research note oddly starts, “When you discuss the housing industry you might want to consider the following.” Bove then lists...
Fannie Mae, Freddie Mac: Bove Takes Shot At Watt
Mark Melin
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Subscribe and get an extra 30% off annual with code LETTERSMark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.
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