Are mortgages as we know them about to disappear? Does the removal of two of the most important players in American mortgages - Fannie Mae and Freddie Mac - threaten the very foundation of the American economy?
Dick Bove, vice president of research at Rafferty Capital thinks so, and as one of the most widely-respected banking analysts in the world, his opinion matters.
Check out the complete article here:
If true, the importance of seller financing in the housing industry will increase over time. Post your thoughts to this blog here, and let me know what you think.