Public Opposition Could Save Fannie Mae, Freddie Mac: Bove

As is usually the case in politics, there have been two running debates over Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) reform – what should be done and what is most likely to actually happen. Whether the future US mortgage market is regulated by a powerful Federal Mortgage Insurance Corporation, becomes a free market without government regulation (and without 30 year mortgages, most likely), or something in between, it has seemed like a safe bet that Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie…