Housing Market Needs Fannie Mae and Freddie Mac: BoveMani
In the event the government were to get out of housing, it would seriously impact everything from tax benefits to Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC), making the prices of houses to fall to an unsubsidized market rate, notes Rafferty Capital Markets LLC’s Vice President Richard X. Bove.
In a report dated May 16, 2014 . . .
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