Fannie Mae, Freddie Mac: Bove Takes Shot At Watt

Dick Bove is talking to his TV, as he sends a research note targeted to CNBC’s Becky Quick. In the research note, Bove discusses Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) reforms, the impact of stimulus reduction on the housing market, drawing correlations between the Fed’s unwinding of stimulus and the surging real estate market. “Becky,” the research note oddly starts, “When you discuss the housing industry you might want to consider the following.” Bove then lists 11 points and wraps them all into a general observation about rising home prices and rates.