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 titled: “The Government Should Get Out of Housing” Bove highlights some facts and probable results of the government getting out of housing.
Government’s thrust towards social policies
Chronicling actions...
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