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Mortgage Market: U.S. Government Still Propping Up Real Estate: Newsweek

Mortgage Market

First Posted: 11/24/09 05:12 AM ET Updated: 05/25/11 03:10 PM ET

newsweek.com:

While the government has pacified the commercial finance, savings, and plain-vanilla banking sectors, it's sending reinforcements into the vast, restive region where the trouble began: housing.

After Lehman, the Fed plunged directly into home lending. It pledged to purchase huge quantities of mortgage-backed securities and bonds issued by Fannie Mae and Freddie Mac, the failed mortgage giants.

Read the whole story: newsweek.com

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Filed by Ryan McCarthy  |