05-03-2009, 12:35 AM
So AE-P is suggesting the Fed buy up Treasuries to force mortgage rates down. Is that the gist of it?
What's the point of reducing the mortgage rates when falling values will soon render many more of those mortgages toxic anyway? And how can any mortgage be serviced, regardless of the low rates, when the mortgagee is unemployed?
What is it about hyphenated names?
What's the point of reducing the mortgage rates when falling values will soon render many more of those mortgages toxic anyway? And how can any mortgage be serviced, regardless of the low rates, when the mortgagee is unemployed?
What is it about hyphenated names?
