This is the video of an interview after the close on CNBC by Kelly Evans of Dick Bove and Josh Rosner on the NYT story by Gretchen Morgenson that showed the Obama Administration changed the agreement between the US Government and Fannie Mae and Freddie Mac by fiat ruling. Play the video at the link.

The brief argues that Fannie and Freddie’s conservatorships were modeled word-for-word on FDIC conservatorships, and that the net worth sweep is both unprecedented and inconsistent with the goals of conservatorship as understood and implemented for over 80 years.

New York county legislator, former city official among victims of mortgage fraud conspiracy Fannie Mae debuts “risk-sharing” mortgage-backed security Further information on any of the securities, futures or options mentioned in this. Mortgage Department Update January 9, 2007. Confidential Treatment.. CDO warehouses have risk sharing arrangements and are long outright. tranched index about to debut. widened a point on week from FNMA: now back 3-24The civil action was filed Feb. 29 in Maricopa County Superior Court by professor Deirdre Meldrum, a university scientist and former dean at the Ira A. pursued a series of lawsuits against the New.

Although no data is yet available for 2008 there is evidence that banks have increasingly used credit claims in light of the market turmoil since the summer of 2007. In 2006 Europe was in need of a.

New homes sales tumble 11.4% in March Adjusted EBITDA margins of 11.4% were unchanged compared to the prior. vinyl and aluminum windows and related products for use in the new construction and repair and remodeling of residential homes.

Whether in a judicial ruling that the net worth sweep is illegal, any likely settlement of the lawsuits, or implementation of the Moelis plan, Fannie and Freddie’s net worth sweep payments in any quarter that were in excess of the 10 percent dividend would be re-characterized as paydowns in the outstanding senior preferred stock.

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Foreclosure Activity Resumes Climb in California: Report America's foreclosure crisis isn't over – CBS News – Today, foreclosures are down nationally, and the number of mortgages that are current on their payments is on an upward swing at 93.9 percent, according to a report issued last month by the Office.

 · back in the spotlight is fannie mae and freddie mac they are the focus of a lawsuit raising questions over the mortgage giant’s profits, and it comes as freddie is apparently about to enter a new market. up new housing experts look at the latest foray by fannie and freddie.

Involving Securities Law Professionals With GSE Lawsuits amplifies scrutiny.. dick bove has put math behind his analysis:. Fannie And Freddie’s Growing Dominance Under Conservatorship.

McCain’s strongest moment of the debate also happened to be Obama’s weakest. McCain absolutely hammered Obama over his pledge to meet with rogue foreign leaders without preconditions and Obama had no.

Debt Rattle, august 28 2008: tinkerbell. tweet.. analyst Dick Bove estimates that the bullfrog could eventually be transformed into three princes and a pumpkin coach.. Fannie and Freddie saw their stock prices plummet last week as fears mounted they would soon need government support and.