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Loan Modification

: Loan Modification & Home Loan News

Mortgage Securities It Holds Pose Sticky Problem for Fed

By Moe Bedard

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WASHINGTON ? The Federal Reserve provided most of the money for new mortgages in the United States last year, effectively lending more than $1 trillion to American homeowners. Vincent Reinhart, a former Fed division head, said reserves could be inflationary. Now the legacy of that extraordinary intervention is hanging over the central bank as it [...]

Full post as published by Loan Modification & Home Loan News on July 23, 2010 (boomark / email).

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