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Loan Modification

: Mortgage Lender Implode-o-Meter

U.S. looks to reluctant foreign investors to help fund the housing market

By Implode-Explode Heavy Industries

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"U.S. officials are looking to foreign government funds again. The Federal Reserve is scheduled at the end of March to halt its purchases of mortgage-backed securities, a move that could drive up the low interest rates that have helped the housing market show new signs of life. The Fed is gambling that private investors will step in to buy the securities, helping to keep rates from spiking. Senior officials in the Obama administration and at the Fed say they are counting in part on foreigners to keep the housing market funded."

Full post as published by Mortgage Lender Implode-o-Meter on February 16, 2010 (boomark / email).

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