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March 26, 2014

Short Takes: An Unexplained Spike in Ocwen’s Stock / The Magic Touch of Bill Erbey / Commercial Bank Analyst Bove Backs the GSEs / Should Mitchell Delk Start Making Restaurant Reservations? / Redwood Jumbo MBS Ready to Price

By Paul Muolo and and Brandon Ivey

The government’s plan to wind down Fannie Mae and Freddie Mac is wrongheaded and would result in lower housing prices, economic harm and higher unemployment. So says well-regarded bank analyst Richard Bove of Rafferty Capital Markets.

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Poll

HUD has announced a 25 basis point cut in FHA premiums, which is slated to take effect in late January. Is your lending shop for or against a cut in FHA premiums?

For. It should help lending volumes.
Against. The private MI sector should take on this risk, not the government.
Too early to say.
I believe the new White House may scuttle the idea so it doesn’t matter.

vote to see results