What Will Happen???
Tuesday, October 13th, 2009 What Happens when Uncle Sam stops buying mortgages???
Currently, 85% of new mortgages are guaranteed by Government backed entities( FHA, FNMA, GNMA, Freddie Mac) and the Fed buys 80% of the securities into which these government backed mortgages are packaged. This dominance of the Fed and the reliance upon the Government to fund mortgages can […]