The end of 2014 does not look good, according to banking analyst Dick Bove.

An article in CNBC noted Bove saying, “A toxic brew is bubbling in the housing market that will lead to a mortgage crisis by winter.”

The article questioned the potential future of the housing market now that the Federal Open Market Committee is almost done with quantitative easing.

"This means there will be less money available to fund housing, and the terms of the available funds will be considerably more onerous than what was available under 30-year, fixed-rate loans," Bove said in a report he sent to clients Tuesday.

"This means higher monthly payments and lower housing prices. It means a crisis in the mortgage markets—and the economy."

While banks have stepped up their mortgage buying this year, Bove noted anecdotally that those institutions are unwilling to take on the risk of 30-year, fixed-rate mortgages.

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