Analyst says mortgage market is broken

Dick Bove of Rafferty Capital Markets

By Julia La Roche | Yahoo Finance

Banking analyst Dick Bove of Rafferty Capital Markets warned that the mortgage markets in the United States are in “more disarray than they were in 2008.”

“In my view, the mortgage market in the US is now broken down. And it’s causing an impact on the ability to sell houses, and through that, the economy,” Bove told Yahoo Finance in a telephone interview on Tuesday.

He went on to cite three key reasons as to why he thinks the mortgage market has broken down.

Continued:

Share this!

Additional Articles

News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

Lennar eyes East Valley land

(Disclosure: Rose Law Group represents Lennar.) By Hailey Mensik | Phoenix Business Journal National homebuilder Lennar is looking to scoop up about 473 acres of state

Read More »