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Fed: Mortgage Market to Remain on Life Support Through First Quarter of 2010
Thursday, September 24, 2009
Graphic via Wall Street Journal
From the Fed Statement yesterday:
To provide support to mortgage lending and housing markets and to improve overall conditions in private credit markets, the Federal Reserve will purchase a total of $1.25 trillion of agency mortgage-backed securities and up to $200 billion of agency debt. The Committee will gradually slow the pace of these purchases in order to pro...
Original article from http://behindthemortgage.com/behind_the_mortgage/2009/09/fed-mortgage-market-to-remain-on-life-support-through-first-quarter-of-2010.html
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