What happens when the FED stops buying mortgages?
April 1st the FED stops buying (MBS) Mortgage Backed Securities. It has been buying them up relentlessly since January ’09. So far $1.25 Trillion’s worth. What happens when they stop? The way it used to work was banks gave out a mortgage. The banks then needed/wanted to sell-on those mortgages, in order to get more …
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