GSE scam? Net worth sweep remains in play after “accounting chicanery”
The net worth sweep continues to be a hot topic for Fannie Mae and Freddie Mac. There seemed to be some light at the tunnel when signs suggested it would be eliminated, but now that an official "agreement" is in the books, nothing has actually changed. Bank analyst Dick Bove of Odeon Capital referred to the situation as "the GSE scam" in a note released on Wednesday.
This content is exclusively for paying members of ValueWalk Premium Gain Exclusive Access to the Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with ValueWalk Premium Get Started Now with a FREE 7-Day Trial 🔻 If you are a current ValueWalk Premium member and are having an account error please clear cache and cookies. If that does not work, email [email protected] or click Chat.
