Relevant:
- Federal Reserve continues shadow bailout of banking industry -- $947 billion of overpaid and low demand mortgage backed securities sit on the massive $2.8 trillion Fed balance sheet
- Fed Hinting on Mortgage-Bond Sales Brings Bernanke Tightening
- Bernanke May Need to Ramp Up Fed’s Asset Purchases
- Fannie Mae Mortgage-Bond Spreads Fall to Record: Credit Markets
- Bernanke Says Mortgage Bond Purchases Are ‘Viable Option'
2012-12-26 — americanbanker.com
``Policy makers are disappointed that lower yields on mortgage-backed securities haven't led to more savings on home loans after the Fed expanded its balance sheet to an all-time high of almost $3 trillion through bond purchases. Bernanke this month called the trend "unfortunate," and the Federal Reserve Bank of New York held a workshop to examine the issue.''
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Comments:
BIGTXLENDER at 04:33 2012-12-27 said:
what did they think would happen when Fannie and Freddie are holding us hostage for 36 months after funding?? not rocket science folks... Permalinkadd a comment | go to forum thread
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