Goodbye American Mortgages

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:
http://finance.yahoo.com/blogs/talking-numbers/bove-government-destroy-american-mortgages-permanently-143449298.html

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.

Happy investing.

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