Fannie Mae Changes Are The Cause Of Slow Housing Sales: Bove

While the debate over Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) reform doesn’t look like it will progress much until the end of this year, for anyone who wants a sneak peak at what will happen if the government sponsored enterprises (GSE) are eliminated, you might only have to look at the last few months. “Observers need to broaden their views to understand what is happening in the housing markets today. It is the change in mortgage finance that is killing housing sales,” writes Rafferty Capital Markets…